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Microcap & Penny Stocks : SCTU - SC & T International Inc.
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To: Jim Johnson who wrote (526)7/11/1998 5:41:00 PM
From: Batgirl   of 741
 
Jim, The co.mentioned a desire to reach $5 for listing before with regard to RS but isnt that only for small cap status. Doesnt it only need to be trading at 2.00 to get Nasdaq listing.

Of subject.(for anyone interested in following/learning about Reverse splits). USXP had a surprise announcemnt of 70/1 RS a few days ago. For 3 days there was mass dumping and price went from equivalent of approx 3.80 down to 65cents in 3 days.
Someone on Friday suggested that RS typically results in 50% loss pre-split value so usxp was way oversold and buying began yesterday pushing price up to 1.00 Just interesting to watch.It was a bloodbath. )
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