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To: Vladimir who wrote (2111)	12/29/1997 8:11:00 PM
From: Jesse Livermore	Read Replies (1) \| Respond to of 3307

I only know of one. I was in CRED a reverse split petro company still at $3 where it reversed to in 1984. But, CRED was never a real player. An IPO that should have never seen the light of day. Didn't CAML just reverse split?

To: Vladimir who wrote (2111)	12/29/1997 9:25:00 PM
From: Dave Triplett	Read Replies (2) \| Respond to of 3307

"What is the issue with a reverse split? What supporting data is there that this is detrimental? " 100% of the reverse splits I've been in (3)were nothing more than out and out stealing. Example; Say I had 10,000 shares at 50 cents ($5,000)and the company reverse's 20 to 1. Now I have 500 shares. The dumping (panic) starts and by mid-day my 500 shares are worth less than $2.00 which I try and unload but my limit order is not touched after 1/2 hour, the price is now under a buck. The above story is true except it was a 30 to 1 reverse and my shares are now worth about .16 cents.

To: Vladimir who wrote (2111)	12/29/1997 9:40:00 PM
From: Dave Triplett	Read Replies (1) \| Respond to of 3307

Again, there is no assurance that a company's stock will rise in price after a reverse split. Many times it will decline. There is no way to predict what will happen. However, there has been some academic research on reverse stock splits which indicates that NYSE and AMEX listed companies that reverse split their stock do not perform well subsequent to the split. This may be so because many times a listed company on an exchange which has to reverse split its stock to do what the market won't do, is not in good shape. There is also evidence that small cap stocks which reverse split their stock and can generate better earnings receive a benefit from the reverse split. These companies are trying to boost their price into a range which is more acceptable to traders. For these companies, a reverse stock split works well. e-analytics.com