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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Market Tracker who wrote (2521)	2/9/1998 1:07:00 PM
From: Don Kelly	Read Replies (1) \| Respond to of 18691

RE: reverse splits Here's a site for identifying companies that have announced reverse splits: e-analytics.com

To: Market Tracker who wrote (2521)	2/9/1998 5:02:00 PM
From: Rashley	Read Replies (1) \| Respond to of 18691

Barbara, - I've been doing a little digging into issues that have recently declared reverse stock splits, and have come up with the following list for future reference. Harvard Scientific 1- for-10 declared 2/3/98. Centurion Mines 1-for-10 Hawk Industries 1-for-20 International Nursing 1-for-5 Dynaq International 1-for-4 Hollywood Prod. 1-for-3 Irata, Incorporated - SHAREHOLDERS REJECT proposed 1-for-6 Waste Systems 1-for-5. Revenge Marine - company gets NASDAQ approval to complete 1-for-10. I believe ACLY came into being the same way. minion.quote.com:80/tmp/CHWAAAa004vC.gif I have been short ACLY since early Nov. and as the price appreciates, I do more and more DD. It's a nice little company that should someday have revenues of 8 -10 million, if they get into a business other than remediating old DEC systems, and if they get enough of a foot in the door with their y2k clients. I can't believe their market valuation though ($200 mm). It looks like the company is being valued based on long term growth of 50%, and is assigned a PE based on expected 98 earnings of about $0.36/sh. With about 8 M shares out, that gives a price of 18/sh. How they command $25/sh is a complete mystery. Ideas??