Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VSAT 33.81

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Dec 19 9:30 AM EST

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To: SteelerStu who wrote (5263)	3/31/1999 9:58:00 AM
From: glenda	Read Replies (1) of 52051

Re: GTMI...what's this talk of a reverse merger? My understanding is that they have announced a Reverse Split..not a merger. A Reverse Split is not necessarily a bad thing.The shareholder loses no share value. When a R/S occurs, all outstanding shares are split according to the same ratio. So if there is 40 mil shares outstanding, and a 2/1 reverse split occurs, then there are only 20 mil shares outstanding. But the per share price has doubled. Depending on the ultimate stock price, a R/S could allow GTMI to get listed on Nasdaq, more firms could trade…new shareholders hear about it. Also less float could help drive the price up. What am I missing?

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