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Microcap & Penny Stocks : SCMI -- rockin and rollin, company has big expectations
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To: gordski who wrote (428)3/15/1999 8:20:00 PM
From: Wazzy98  Read Replies (2) of 546
 
NEW INVESTORS and ALL:

Let me try to explain this with some numbers.

Here we go:

Let's say you own 6000 shares of SCMI that you bought for 30 cents per share. Your total outlay was $1800. Now, they will do a reverse split, of approx 1:6, of THOSE shares at let's say 30 cents per share. You will be left with 1000 shares valued at $1.80 which equals $1800. These shares will then become HITS shares. Then after the reverse merger, the IHSI shares will be issued in the original amount you purchased as a DIVIDEND, i.e 6000 shares. Now you are left with 1000 shares of HITS valued at 1.80 and 6000 shares (in 60-90 days) of IHSI, value to be determined.

So, let's say HITS comes out with revenue announcements after the split that February was a banner month and March is better, hypothetical of course although they have stated that Feb. numbers were very good. If HITS doubles, you have doubled your INITIAL investment plus you still have the original amount of shares you purchased in the "old" SCMI of 6000.

This is all hypothetical and subject to the exact merger details but is a representation of what will happen within the next month. Hope this helps.

Wazzy
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