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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge. -- Ignore unavailable to you. Want to Upgrade?


To: ENOTS who wrote (328)11/3/1997 11:41:00 AM
From: Braddock Bull  Read Replies (2) | Respond to of 1923
 
So 1000 ATPX bought right now is going to 100 tomorrow? In other words, the real price/value scenario will be played out tomorrow?

Brad



To: ENOTS who wrote (328)11/3/1997 11:57:00 AM
From: Doug R  Read Replies (1) | Respond to of 1923
 
The current price quotes for ATPX are NOT based on the 1 for 10 conversion yet. When the conversion occurs, there will be 10X less shares outstanding, 1,000 shares will become 100 shares and the price of the stock will be 10X what it is at the close of the day before. If ATPX closes at 2 the day before the exchanges get the proper numbers going, it will be the equivalent of $20/share on 1/10 the shares. $2,000 worth of preadjusted stock will be $2,000 worth of post-adjusted stock.

Doug R