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Biotech / Medical : CYPB - Cypress BioScience

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To: John S. Baker who wrote (219)5/19/1998 10:37:00 AM
From: Jay Lowe  Read Replies (1) of 586
 
>> a proposal for a reverse split ...

I myself don't like the typical price action around reverse splits,
but CYPB might not be vulnerable to the problems usually associated
with them, since it appears that CYPB is not very "traded".

If a split was to appear on the horizon, I would probably look
cloely at trading around the split window ... there will be lots
of time and warning available, so it's a non-issue at this point.

Summary ... the reverse split psychological downside is not a
problem if you simply trade around it. Your comments that it would
help the stock's visibility are accurate.

I'd rather not r-split in June, but wait to cross $5 in the fall.
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