To: Thomas C. White who wrote (738 ) 11/6/1997 5:04:00 PM From: Done, gone. Respond to of 4295
Thomas, I believe that comes from Irk Merving's "PR For Dummies": Except, sample net PR: PENNY BILL: Your historical data notwithstanding I ask you: Have you EVER seen a stock do a reverse split that had revenues of over $100 million and positive earnings per share? I have not. You use historical perspective in your considerations, lets try this: Historically 95% of all reverse stock splits occur with companies that have REG-S'd their stock to death and need to split or will be KICKED OFF nasdaq. Now, let us compare situations. ATIC has NEVER done a REG-S and never will. ATIC is not going to be kicked off nasdaq. ATIC has great shareholders equity and net worth. ATIC has tremendous rev and earnings growth. If the glove does not fit you have to acquit. Let me introduce some simple logic here: ATIC was advised by their 2 investment bankers to do the split, MH.Meyerson and Auerbach,Pollock. Both of these firms are Market Makers in the stock. The point is to acheive $5 plus share price for NMS listing. If $5 is needed, and both MM's advised this split, would you think they will not support the stock post split?? Does this make sense? Some of you have called me to express concern over MH.Meyersons reputation. Well, if they are as feirce as everybody contends, and they are on ATIC's side who is going to try to fight them? Not me! As someone once quipped about Lyndon Johnson: "I would rather have him inside the tent pissing out than outside the tent pissing in". One thing that surprises me is everybodies fixation on MH. Meyerson and not on AUERBACH,POLLOCK. AUERBACH has been around for over 100 years and has offices world wide. Granted they are not huge, but they are considered to be a "white shoe" boutique. Call them up, ask for their track record, ask about the calls made by their analyst. To sum up, 95% of reverse splits are done by crap companies. Crap in crap out. As shareholders of ATIC you obviously saw the intrinsic value represented in their stock, and know that they are quality not crap. If you compare ATIC to other splits please use examples of stocks that have SIMILAR fundamentals. Also, keep in mind the logic behind the split in the first place. If we need $5 for NMS why would the 2 MM's let it slip under. As for the shorts, well post split there will only be 1.5 million shares in the float. I know were 1.2 million shares are. If you people want to protect this stock from any shorting, please call your brokerage house and request deliverary of your stock certs. If the shorts can not borrow they can not short!! Bill mentions fund managers, well what about the many BD's that I work with? There are alot of brokers who are waiting for the split to occur than will jump in. I put this to all of you: If the stock does not get hammered as you fear, and everybody is waiting for a bargain that does not occur, what do you think is going to happen then? Will everybody rush in to try to be the first and explode the stock? Irk Merving ____________________________________________________ What is our credo?exchange2000.com Bounced Czech (FBN - Slickest.)