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Microcap & Penny Stocks : International Nursing Services Inc, old (NURS) new (MDIX)
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To: Mike Moran who wrote (1343)5/24/1998 10:49:00 AM
From: Chris O'Keefe  Read Replies (1) of 2911
 
Mike,
Thank you very much for your response to my "What is the MDIX storyline?" post.

The more I delve, the more complex the future of MDIX seems to get. This Friday's (May 29) board meeting would seem to be a powerful pivot point for the company's future.

Either the company decides:
1.) To approve the reverse split;
2.) To allow MDIX to be bought out by another company;
3.) To announce a stock buy back;
4.) To go private; or
5.) Something else no one has postulated yet (!).

I have a new question for you:
When you say that news may be forthcoming that would 'slam dunk' the NASDAQ hearing and lessen the chance of a reverse split, does that mean you see the share price going over $2/share in the near future? Someone has posted that if MDIX does not reach a $2 share price soon, a reverse split will occur.

Maybe I don't understand what the $2 per share goal is all about (is that some sort of NASDAQ requirement? Or an MDIX we-are-shooting-for-this internal goal only?). It seems to me that the odds are > 95% that this company is not going to reach a $2 share price in the next few weeks meaning that a reverse split is practically inevitable.

Thanks in advance,
Chris
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