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Non-Tech : InvestRight Club Challenge
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To: RavenCrazy who wrote (1132)3/26/1999 8:16:00 AM
From: Gator  Read Replies (2) of 2662
 
MDIH's intent is to get their stock price high enough for larger market listing. Of course, the risk is to do a reverse and have the stock trickle back down under the minimum price requirement for a larger market listing. With their prices where they are now, they'd have to do about a 1:5 reverse to get up to $3. That would greatly reduce liquidity (only 7.7 million shares outstanding, reverse would bring that under 2 million and the float would be probably a half million or less). Trading would be pretty volatile, but if they followed up quickly with another strong earnings report, they could run the price up, get their listing, and eventually do some forward splits to get everybody back to their original positions.

Gator
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