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Microcap & Penny Stocks : Cryogenic Solutions Inc. (CYGS)
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To: Howard H Bouch who wrote (3653)5/10/1999 10:37:00 AM
From: Janice Shell  Read Replies (1) of 4028
 
What do you think is the reasoning behind this move?

I'd guess that the idea is to try to bolster stock price short term by reducing the float. In the end, however, this will be dilutive to the tune of ten million shares. Assuming, of course, that current shareholders are willing to exchange their free-trading stock for 144 paper.
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