GW GREY WOLF Message Board

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Microcap & Penny Stocks : GW GREY WOLF

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To: JGreg who wrote (310)	8/1/1998 2:38:00 PM
From: Mike G.	Read Replies (2) of 444

Re: Delisting I believe that delisting would only occur when capitalization of the listed stock falls below a certain level. Under this scenario the stock price would not come into play. In any event it would probably end up on NASDAQ. A reverse split would accomplish two things: one good the other bad. A 3 - 1 RS would bring the stock price to $6.00 or so and at that price it may be purchasable by some funds that are precluded from purchasing stocks below $5.00. Funds purchasing would obviously be good. On the other hand it allows those who feel the stock is in trouble an additional opportunity to short the stock into a rough period for this market sector. I personally am going to ride this one out and hope that a reverse split is not in the works and that oil and gas prices have reached or are close to the bottom.

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