China stocks CIND,CHRB. Message Board

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Microcap & Penny Stocks : China stocks CIND,CHRB.

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To: investz who wrote (194)	12/26/1996 10:17:00 AM
From: James Berg	of 303

I think in part reverse splits are bad because people expect them to be bad and sell their shares upon the news. This causes others to do so and the price is driven down. That being said, I think if CHRB can keep earnings at or above present levels, it will rebound nicely. With fewer shares outstanding, it will rebound quicker than it would have at present. I believe now or just after the reverse split are very good times to be buying CHRB. I think that CHRB earned $0.18 this year. If they complete a 10:1 reverse split, that will be $1.80 per share for a $3 stock. Pretty safe bet if you ask me, as long as China doesn't do anything stupid in the near future. As far as CHNA (China Pacific) goes, it had been trending up until a rumor came out about them issuing more Reg S shares. The rumor proved to be untrue, but it shows what a rumor can do... They went from about $7 (above the pre-split price) to under 4 today. --James

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