To: luis a. garcia who wrote (2232 ) 11/24/1997 2:39:00 AM From: donald sew Read Replies (1) | Respond to of 2615
Luis, I dont follow the thread all the time but just noticed in the last few post that there appears to be some conference coming up??? What is about, and will some of the results of this conference have any effects on the fundamentals such as sales. As I had previously indicated that a reverse split is extremely damaging, and once the ball is rolling downwards it is very hard to stop. The image is of returning to the pre-reverse split price. This strong type of downward momentum cannot be stopped by hype or unsubstantiated positive projections. It normally requires positive fundamental changes such as increase sales, increase revenues, etc. Hope this conference does bring some positive fundamental changes; if it is just hype then the ball keeps rolling downwards. No one has responded to my previous inquiry concerning the current fundamentals; therefore I must assume they are currently very bleak. Was hoping to calculate some sensible bottom to this madness, but guess I will stay with the crapping image that it will continue down to the pre-reverse-split price of about 25 cents(equals 2.5 cents), unless some concrete fundamental changes are established. On a positive note, I have to believe that management had to have planned some type of announcement since it is very common that after any reverse split the momemtum is normally stongly down. Its just a shame that we are now reduced to such subjectivity. There are relatively alot of posts on this thread, is there anyone who has an idea of the current fundamentals, or is this mainly hype. Sorry, to sound negative but are there any facts or just positive outlooks unsubstantiated by fundamentals.