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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: ISPYOIL who wrote (5517)11/4/1998 9:37:00 PM
From: Ed Ajootian  Read Replies (1) of 24892
 
ISPYOIL/Benz Energy

Well, the news of the 5 for 1 reverse has been out for about a week now (filed w/ Sedar on 10/29) and the stock basically hasn't tanked all that much (about $.10, down to the $.65 area). Wondering whether this is common action following this kind of news and whether you still feel there is plenty of time to load up on this puppy.

One other item: they also announced that they will be having a special shareholders' meeting to vote to "migrate" the company to the US. Never heard of this before. This is gonna be a fascinating experiment. Within the next few months we'll get to see whether a mere change in the country of origin of a company will make a difference to its stock valuation.
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