IMPX - When Will the Dead Money Awaken? Message Board

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Technology Stocks : IMPX - When Will the Dead Money Awaken?

IMPX 6.210

+13.3%

Oct 22 3:59 PM EST

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To: sandstuff who wrote (432)	10/19/1998 6:26:00 PM
From: lml	Read Replies (1) of 532

Thread: Haven't posted here in awhile, but wanted to go on record as voting against the reverse 1 for 10 common stock split. I have concluded that it is not in shareholders' interests that the stock undergo a reverse split, & emphatically a 1 for 10 for that matter. I voice my reasons below. First, a delisting of the stock is not the death-knell management would like you believe. This stock is already relatively illiquid given its "penny stock" pricing. Most brokerage houses will not devote any time to following this stock, yet recommend it because most house have a policy of not recommending stocks trading below $5 to the average investor. Second, if the Company's fortunes are indeed about to turn around & begin to demonstrate a growth in revenues & a positive earnings picture, the stock price as reflected today will indeed appreciate & surmount the $1 listing reqt imposed by the NASDAQ. At that time, the Company may petition a re-listing if the conditions merit. Third, any reverse split will assist management in the further repricing of their employee stock option incentive plans by creating a larger "downside" under a reverse split scenario. We stockholders permitted management to reprice their options just a year ago. Do we want to create another opportunity for them to do this again by a reverse stock split? No. We want them to create value in this Company & EARN their stock options. A reverse split IMHO will indeed lead to a further depreciation of the stock & present management w/another opportunity to reprice their options. This must be prevented. Lastly, it is about time that management feel the voting power of its shareholders. Management owns only own 1.8% of the outstanding stock. This is an opportunity for the other 98.2% interests to exert its will upon management & communicate who really controls the material aspects of the corporate structure. All comments welcome.

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