CDCH Cerro Dorado Inc. Message Board

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Microcap & Penny Stocks : CDCH Cerro Dorado Inc.

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To: NAUGHTY NOTES who wrote (552)	3/27/1999 11:22:00 PM
From: Brian MacDonald	Read Replies (1) of 958

When was the last time you saw the price of a stock, that had just undergone a 'reverse split', rise immediately afterward. Unless they have really good news on Monday, I'd expect the stock to drop from the $0.45 - $0.60 level (reverse slit level values as of the close on Friday) almost immediately. I believe WAMC had 5.4 million shares out. Now they will have 5.4 M/15 = 360,000 shares outstanding? What a deal for the shareholders. If you happen to have bought at $US 0.50, that means that before commissions the stock has to be 'bid' $US 7.50 just to come close to breaking even. Good luck. There are many better stocks to chase than this dog. B. P.S. This is worse than what happened to the Indonesian currency last year. Instant poor house. Oh, waiter!?

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