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Technology Stocks : Globalnet GLBND (Formerly MFSI) -- Ignore unavailable to you. Want to Upgrade?


To: BeachDude who wrote (145)7/2/1999 6:22:00 PM
From: Patentlawmeister  Read Replies (1) | Respond to of 202
 
I guess you're trying to make a point about something, but perhaps you should stop smoking that wacky weed on the beach first.



To: BeachDude who wrote (145)7/2/1999 8:04:00 PM
From: Chris Helton  Read Replies (1) | Respond to of 202
 
Nice call beachdude. I too had indicated that a reverse split could be OK for this company. Normally a reverse split occurs when a company is in trouble, thus the correlation of downward price adjustment. But this company is not in trouble, (It has lots of cash), it is just "pissed off" at the market and the Nasdaq for their silly rule of $4.

Lots of really big announcements are coming next week and we will be hit with a really big one before anyone can even trade this stock on Tuesday. This will be really interesting to see what happens to the shorts as the institutions now pile into this one. By placing the stock well above $10/sh, the stock will hit a lot of radar screens and it will be marginable and on the Nasdaq shortly. Conditions have changed significantly in several short hours. I think it may actually be an Internet stock now.