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Microcap & Penny Stocks : AmeriResource Technologies (ARET)
ARET 0.00010000.0%Nov 5 1:03 PM EST
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To: Mr. Jens Tingleff who wrote (4985)1/5/1999 10:47:00 AM
From: Siber  Read Replies (1) of 7609
 
Jens,

Reverse splitting for companies is usually a bad idea. However, even if they did do it and decided to issue 20MM of shares, look at it this way:

First, who would buy those shares with a company that doesn't appear to have the capacity to make money.

Secondly, have you given consideration as to the cost of a second offering of this magnitude? I would presume with the accountants, attorneys and brokerage charges that the cost would come close to a million dollars.

This would put ARET basically in the same situation that they were in before they did all of this maneuvering.

Just my thoughts.

Regards,
Helene
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