CHIF - China Food and Beverage, Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : CHIF - China Food and Beverage, Inc.

CHIF 0.0178

0.0%

Oct 31 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MoneyBaggs who wrote (53)	12/21/1998 12:34:00 PM
From: Edward Williamson	Read Replies (1) of 127

James Tilton told me this morning that he did the reverse split on CHIF to be able to acquire a beer company in China by getting the market price of the stock to five dollars so that convertible debentures would automatically convert to common and they would then put the asset of the beer company on CHIF balance sheet. (So far only one market maker has put in a post-split bid and that is at $0.125.....long way from $5.00). The "Plan" may not work if the market makers are not going to assume that a 5-cent bid prior to a 1 for 100 reverse is equal to $5.00 post-split. The $0.125 equals one-tenth and a quarter pennies prior to the split.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next