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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?


To: paunch13 who wrote (11051)12/21/2006 4:01:35 PM
From: Findit  Respond to of 11603
 
John appreciate your following up. Jim



To: paunch13 who wrote (11051)12/22/2006 10:47:33 AM
From: d:oug  Read Replies (1) | Respond to of 11603
 
re: "I spoke to Dick and he said they..."

Greetings of Holidays & Important Days of Past/Present/Future John,

Maybe Chuca could help us with the following :)

It depend what "is" is...
It depend whom "they" is... (i.e. Xcentia)

maxamgold.com
April 5, 2005
Maxam Partners with Xcentia Energy, LLC and Xcentia Mining, LLC
...

Doug



To: paunch13 who wrote (11051)12/29/2006 12:00:57 PM
From: bryedge  Read Replies (1) | Respond to of 11603
 
Richard, paunch,

If indeed this stock has been manipulated, and I have no reason to doubt it, a reverse split would be the absolute worst thing the company could do.

A split, either forward or reverse, does not change the value of the company from a bookkeeping perspective,

HOWEVER,

the perception of a reverse split, even though incorrect, is negative. Other companies have tried this and failed miserably. Universal Ice Blast comes to mind as an excellent example. Shareholders lost their collective azzes when the shorters brought the stock price back to pre-split prices, which is generally the case with reverse splits of penny stocks.

If Dick would like to lose 90% of the present stock value, a 1 for 10 split will likely accomplish exactly that.

IMO, the only thing that would make the reverse split successful would be the release of earthshaking news prior to the reverse split, and then the split would not be necessary.

Reverse splits = Dead Companies

PS. I honestly don't believe the Company would tell you if they were considering it. It would be illegal information, and if true, would likely ignite a selloff. Certainly mine.