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Microcap & Penny Stocks : SCMI -- rockin and rollin, company has big expectations
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To: tahoeman who wrote (300)2/21/1999 12:11:00 PM
From: JP390  Read Replies (1) of 546
 
Here's the way I see it, By Tuesday evening everyone will understand how this reverse merger will work. You can transfer all assets from one company to another and have one clean company and leave the other one as it stands. (dirty or not)Then, you take hitsgalore and place them in the newly formed company. Now, you end up with a search engine internet company in a clean shell. Do these reverse mergers seem to good to be true...Yes!!! Do they almost always pay off big...Yes!!! It is easier and cheaper to go public through a reverse into a shell than it is to do an IPO. Remember that hitsgalore has only really been making money for a couple of months. They would really need another year and a half or so to have a revenue stream to justify a large brokerage house taking them public. Although they are already profitable, a large house would not take them yet. Alot of brokerage houses want companies that are already worth $50,000,000+. Asset wise, hitsgalore would not be worth $50,000,000. They can reverse into another company and avoid the cost of a brokerage house and gain value in thier stock. The stock price stabalizes in the dollars+ range and then they can apply for listing on Nasdaq. Basically we are all here at the beginning of something great. As far as my other prediction, Tahoeman, I was on the low side the whole way through. This prediction will really depend on the strength of the hands holding. You know how the MMs work. They will run it up to entice you, then drop it really fast and hope you sell. A day or two after they can get some people to sell, they run the hell out of it.
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