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Technology Stocks : DMNM - Dominion Minerals Corp (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?


To: whenitgoesup who wrote (227)6/16/2005 12:16:14 PM
From: ST Trader  Read Replies (1) | Respond to of 807
 
It appears there is a 100/1 reverse split coming...Stock down 50%, so I am guessing this is not the news we were looking for. John, did you know this was coming? You have mentioned for the last few weeks that news was coming and that the news would be good. I am guessing that whoever you were speaking with at the company was lying to you...I think I need a beer or maybe a bottle of jack.



To: whenitgoesup who wrote (227)6/16/2005 12:25:08 PM
From: jmhollen  Read Replies (1) | Respond to of 807
 
Well, the name change apparently take place tomorrow along with the r/s.

I presume the PRs will hit the streets about then, also.

DailyListDate|Type|NewSymbol|OldSymbol|NewName|OldName|EffDate|Comments|Notes|CoPhone|Mkt_Cat
06/16/2005 09:40:08|D||POMHE||Polar Molecular Holding Corporation Common Stock|06/17/2005|Failure To Comply With NASD 6530; Added to NBB (POMH) **|||U
06/16/2005 09:40:08|D||PSDIE||Presidion Corporation Common Stock|06/17/2005|Failure To Comply With NASD 6530; Added to NBB (PSDI) **|||U
06/16/2005 09:40:08|S1|CLWL|CLWLE|Cell Wireless Corporation Common Stock|Cell Wireless Corporation Common Stock|06/17/2005|**|||U
06/16/2005 09:40:08|S1|PWRC|PWRCE|PowerChannel, Inc. Common Stock|PowerChannel, Inc. Common Stock|06/17/2005|**|||U
06/16/2005 09:40:11|A||POMH||Polar Molecular Holding Corporation Common Stock|06/17/2005|From BB (POMHE) **|||u
06/16/2005 09:40:11|A||PSDI||Presidion Corporation Common Stock|06/17/2005|From BB (PSDIE) **|||u
06/16/2005 09:40:11|D||THSEV||TreeHouse Foods Inc Common Stock When Issued|06/16/2005|Listed NYSE (THS.WI)|||u
06/16/2005 09:40:11|S2|NNGY|OSFT|Nanergy, Inc. Common Stock|ObjectSoft Corporation Common Stock|06/17/2005|1-100 R/S **|||u


The r/s was unexpected so I called and got what I consider to be a reasonable explanation. Obviously, the weak-knees are going to panic (..as you can see from the quotes..) but this should work out about the same as "..SPRU-to-SPRL.." only the conversion rate is an order of manitude higher.

I understand that NNGY has solid financing in place to move forward. In addition, there are apparently several major institutional investors ready to move into NNGY, but they wanted a price closer to $1 to satisfy their bylaws, or whatever. This is what drove the decision to do the r/s, as I understand it, and like Strat Petro - if you just maintain your cool you should be just fine.

Obviously my 7MM+/- share collection will turn into 70K, since I'm not selling. But, if everything works out like that other Nano company we discussed a few posts back - we're all still in the money.

John :-)
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