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Microcap & Penny Stocks : A Wall Street West Newswire Discussion Board

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To: Stallone who wrote (163)7/31/1998 9:07:00 PM
From: JC Reddy   of 456
 
Surely Interesting. ININ went up because of day traders who don't have a clue. For those who don't know, it went up because of 100:1 stock split announcement. That's right, 100:1! Have you heard of anything like that before?

What it means is:

Outstanding float = 631,000,000 shares (Yes, 631 million!)
Float: 70,000,000 (70 million!)

Market Cap as of today is about $30 million. For a company that doesn't have any revenues or profits.

Talk of a scam - I think ININ looks like the worst of all.

I wonder if Daryn still posts on different names...

- JC
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