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To: Amir Feinsilber who wrote (45)11/14/1997 6:59:00 PM
From: Krukov  Read Replies (1) | Respond to of 157
 
Amir:

All you have to do is call the P.R person for the company and confirm. He is very forthcoming with information and I am sure that he will answer any questions that you have. His name is Bob Giordano; he can be contacted at (212) 682-6300

As for the reverse split, the company is trying to increase the stock price so that it can be covered by more brokers on the street. if the price stays at current levels, the reverse split may be more than 1 for 10. They are trying to have a stock price between $3 and $5. So do the math.

My undertanding is that the third quarter results will not be as we had anticipted. The company is still in the red. I will probaly buy some afer the reverse split and the subsequent decline of the price. The only news that will increase share price is positive earnings. IMHO The shorts are out to kill us and our only savior is "positive earnings". Hopefully, this will happen in the fourth quarter.

Krukov.



To: Amir Feinsilber who wrote (45)11/19/1997 11:06:00 AM
From: Czecho  Read Replies (1) | Respond to of 157
 
The 10-1 rev split has been in the pipeline for months now. It is a weight, but I'd tend to discount it long term effects at this level. For the reverse split to make any sense, the stock has to be higher than this, so we hope for whatever push that would be needed. To reverse this dog at 1/4 creates a 2.50 stock, which accomplishes nada. I would guess that they want to be able to print a 7.50-10 price after a 10-1 reverse. That's what I'm banking on.

RK