HCCA IS GOING TO BE THE NEXT BIG WINNER!!! Message Board

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Microcap & Penny Stocks : HCCA IS GOING TO BE THE NEXT BIG WINNER!!!

HCCA 0.000200

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Sep 27 5:00 PM EST

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To: Mike Janes who wrote (791)	2/18/1997 2:12:00 PM
From: (Bob) Zumbrunnen	of 3459

Having a share price in excess of $3 (I think it's like 20 days out of 30) is just one of a few criteria that must be met for NASDAQ listing. I'm thinking I've heard that it typically takes 60-90 days after reaching $3, assuming it stays there and other conditions are met. So, in any event, full NASDAQ listing status is not an immediate short-term prospect. I've been through two reverse splits, and both lost me a bunch of money. A reverse split generally (but not always) sends the message "We can't make the requirement without resorting to artificial means to elevate the per-share price" to investors. It's usually (but not always) the kiss of death. In this particular situation, though, a reverse split might be a good idea, as the size of the float on this one is quite enormous. A 20:1 reverse would give a much more reasonable number of outstanding shares and would allow quicker price movement. However, the best of both worlds would be for the company to buy back a bunch of shares and retire them to the treasury. Would take a lot of cash, though, with this many shares.

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