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Microcap & Penny Stocks : International Nursing Services Inc, old (NURS) new (MDIX) -- Ignore unavailable to you. Want to Upgrade?


To: Sandra who wrote (241)1/20/1998 4:55:00 PM
From: Early Out  Read Replies (1) | Respond to of 2911
 
Do you think that maybe they want to get the price up on nurs, so it wont have to do a reverse split?

Well of course, that would be much easier than actually doing the split! However, it isn't going to work that way. You will notice that to avoid the split the share price needed to stay above $1.25 for the 10 days prior to Feb. 2. I believe that is 10 business days, which means we are already into that time frame and the price sure isn't $1.25! :-)

A name change and a reverse split. I'm glad I only threw some mad money at this thing because on the face of it those things don't sound good. It will be interesting to see the effect on the stock price going forward. Hopefully any positive news regarding revenue and earnings can outweigh the events that will occur next month.

-jsc