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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce
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To: ayahuasca who wrote (625)7/17/1998 2:28:00 PM
From: 24601  Read Replies (2) of 2752
 
It is not the case that "a reverse split would double the number of shares and cut the value of the share price in half." A 1-for-2 reverse split -- before the issuance of new shares in the IPO -- would halve the number of shares. (Forget the price. If one thing is clear on this thread, it is that the price is a dependent variable, and the number of shares effectively controlled by TSQD is the ball to keep one's eyes on. Witness the debate over whether 23 percent is a red herring.)

I am not trying to say that a reverse split is in the offing. I am trying to discern some basis for excluding that possibility. Almost everyone on this thread seems certain that -- after the IPO -- TSQD will own 4.8 million shares in DRIV. If that is a valid assumption, then TSQD really is a very interesting investment. But what makes that a valid assumption?

Thanks.
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