To: Roland Chen who wrote (2226 ) 11/23/1997 9:36:00 AM From: donald sew Respond to of 2615
We all are aware of the effects of a reverse split and the image that follows that the stock will go back to the pre split price. I am not saying that it will get that low, but just the image that a stock has after a reverse split. My position is that there has to be a value based on fundamentals whercapr will bottom out at. Can anyone give concrete fundamentals, such as available cash, outstanding shares, tangible book value not the intangibles. I have traded/invested in ANMR for almost 2 years now, and I feel that this stock has promise. However, I would like to, at least have an educated guess as to where the bottom is. No one likes to hear it but reverse splits are very damaging. Normally alot of good news is required to turn things around, not just 1 or 2. One way to look at where the bottom is to determine what the company could be sold for right now, if it decided to file bankruptcy. I realize that this product has alot of promise, but I want to be pratical and try to base the bottom on some sort of fundamentals, not the promise of huge potentials. Right now, fortunately with trading and investing in ANMR, I am a little better than break even, and yes I understand the potential. But I have lost too much money in the past playing just hunches at what the future potential will bring, and to have that be the main reason to get into a stock at a specific point. I still have shares in it and want to buy more, but before I buy more I dont want to hear about the potential, I want to hear fundamentals. If there is no news coming out at all, the image of the on-lookers of CAPR will be that it will go bact to 25 cents (=2.5 cents pre-reverse split). If anyone can post some fundamentals, would greatly appreciate it.