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Biotech / Medical : Trinity Biotech (TRIBY) -- Ignore unavailable to you. Want to Upgrade?

To: Decci who wrote (7346)11/4/1997 11:51:00 PM
From: Peter van Steennis  Read Replies (1) | Respond to of 14328
 
Keiko:

You are right you will take heat for your suggestion of a reverse split. What ever the value of TRIBY is on the day of a split, is what it will gravitate down to within a few weeks, ie $2 5/8 today, after a reverse split, it will still come back to $2 5/8. Reverse splits are loosers for the shareholders.

Regards Peter

P.S. Keiko, you reports have always been informative, I am long on TRIBY, but zero on reverse splits.



To: Decci who wrote (7346)11/5/1997 1:37:00 PM
From: Scott H. Davis  Read Replies (1) | Respond to of 14328
 
Perception is a material issue, and the perception of a lot of investors is that reverse splits lead to bad results, and will therefore exit on news of a reverse. Others who do not share the perception of weakness, but are concerned about probable selling pressure will also exit. and Exit + Exit = no bueno
Scott


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