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

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To: Charles Kalb who wrote (167)	8/1/1998 12:32:00 AM
From: JC Reddy	Read Replies (2) of 456

I have nothing against ININ since I have no position nor do I intend to have any. It just doesn't make sense to announce a 100:1 stock split when the stock is $1.25. The split means 1.25 cents a share. Why would a company want to bring down its share value so much? What would it bring? Any chances of getting listed in Nasdaq is gone. Any chances of any serious long term investors looking into 0.01 stock is remote. Anyway, That's all I have to say about ININ. - JC

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