FINGER/MATRIX (FINX) Message Board

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Microcap & Penny Stocks : FINGER/MATRIX (FINX)

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To: Steven Weinberger who wrote (488)	5/28/1999 4:02:00 PM
From: J L Segal	Read Replies (1) of 543

Sure, after the 1 for 19 reverse split FINX may reach the $5 - $6 range. Read the end part of the 4/29/99 announcement (I've pasted the appropriate paragraph from that story below) - do some homework first - the rev. split is supposed to happen in about 2 weeks. "As soon as practicable a Special Meeting of Stockholders will be held to effect conversion of all the preferred stock issued into common and to increase the number of authorized common shares to accommodate that action. A reverse split of the common, roughly one new share for 19 present shares, will also be voted, bringing the total outstanding down to 5,000,000 shares. Trinity will own 85 percent of the equity, the present stockholders ten percent and certain former Fingermatrix creditors five percent." I don't think many are aware of this reverse split - it was buried in the news story & not much has been said about it since. I called the PR person for FINX, Gordon Molesworth, he confirmed all that I've said. JL

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