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

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To: JC Reddy who wrote (169)	8/1/1998 10:49:00 AM
From: Stallone	Read Replies (1) of 456

Stock Split is for Several Reasons! Think about it for a minute. Market Makers wouldn't want to short such a stock trading at that level. Also, it is easier for a stock to go from .03 to .13 than it is from $3 to $13. Yet the effect for the shareholders is the same. Rumor has it these absolute penny markets are huge, much larger than stocks in the $1 range. Many investors will not touch anything less than $1. I think after the split ININ will go to .25. I have seen companies with massive floats that have annual cyclical moves from say .03 to .15. Just my opinion.

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