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Microcap & Penny Stocks : STGA - Saratoga Brands - Company Split -- Ignore unavailable to you. Want to Upgrade?

To: muffy who wrote (100)	11/15/1997 11:18:00 AM
From: Yo Yo	Read Replies (2) \| Respond to of 162

What! You sold? I don't like the idea about management going back on their commitment not to reverse split, but I would suspect investment bankers convinced (pressured) them to do it. Correct me if I am wrong, but I believe they need to get stock price above a buck to maintain nasdaq BB status? Earnings have to be out soon or they'll need to file for delay. Unless something went really wrong, which I don't suspect, they should be good. I would guess that Inv. Bankers are staging the news to build up momentum and interest. Yo Yo P.S. Did you see TOGA earnings out last week $0.16 per share for the quarter. WOW. 10q was simultaneously filed and earnings appear for real. Stock only went up to $3 1/2 and bounced back. I think they are in darn good shape. We just need some momentum back into micro caps or wait for more and more good news.