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Non-Tech : ETRV (ETRAVNET.COM), a major new travel entity -- Ignore unavailable to you. Want to Upgrade?

To: Can Do Stocks 2 who wrote (16)	12/9/1999 6:26:00 PM
From: vagabond	Read Replies (1) \| Respond to of 21

A little more info (which really just makes things more confusing): According to my broker, what happened was that after the July '98 "declared split" the MM's somehow began selling stock whose PRICE had been adjusted on a 1-to-20 basis, but the number of outstanding SHARES was never adjusted accordingly. So when people bought shares after that date (around the .15-.40 range, this past summer), they were charged the split-adjusted PRICE but on the mistaken-basis that it represented 20x more actual SHARES than it really did -- which then messed-up the conversion to ETRV shares, and therefore means shareholders got scr_wed big-time (those who've already sold their ETRV shares will now be "short" -- and those who are still holding will find that they have fewer shares than they thought, with a lot-less value)... This makes NO sense to me, either -- so don't ask me to try to explain it further. But that's what I'm told, plus the fact that I'll have to buy-back the shares that are now "short" in my account (I'm trying to find alternatives to that, but doubt there really are any). I rather suspect there'll be one or more class-action suits coming out of all this, against the responsible parties from PLEX -- and my broker says that if so, he'll be notified and will let me know so I can join. Yours should do the same -- or if you want to take a more "active" role in pursuing legal recourse, you might call Stephanie Abrams at ETRV -- (201) 567-8500 -- and she can refer you to the company's own attorneys who are working on the situation (she's an Executive Vice President, and apparently in charge of Investor Relations). Good Luck to us all... Vagabond