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Microcap & Penny Stocks : Sound Works (SOWK)

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To: James E Lynch who wrote (4)2/10/1999 10:45:00 AM
From: Siber  Read Replies (1) of 582
 
Heyy James,

This is all very nice...quite a profit for those who were in at much lower prices.

Now....why would a company whose stock was selling yesterday for about $1 issue news declaring a 4/1 stock dividend which would in essence lower their stock value back down to a penny stock? Does this make sense?

Is is because they want to remain a non-reporting company?
Does anyone know issued/outstanding shares?

I'm just looking for explanations.

I have found absolutely nothing about SOWK....they do have a rather nice website but no investor relations department.

Regards,
Helene

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