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Technology Stocks : AXSI - Axcess Inc. (formerly LASX) -- Ignore unavailable to you. Want to Upgrade?


To: n2profit who wrote (805)3/14/1998 10:07:00 AM
From: John A. Paul  Read Replies (1) | Respond to of 1220
 
n2: I share your fear but will hold steady. Now if I were LASX management, I would do the reverse split and then announce several large contracts. I would also be assured that one of my largest investors, JP Morgan, has some clients for the stock at its new name and price. Then, if I were JP Morgan, I would have LASX management heads on the chopping block with a very sharp axe poised just above their necks. If this stock tanks, LASX management looses their heads quickly. I am just along for the ride and hoping it is eventually upward. If I ever make it out of this one alive, all my future stocks will be blue chip!!!!!!!!!!!!!!

JP



To: n2profit who wrote (805)3/14/1998 8:46:00 PM
From: BARRY ALLEN  Read Replies (1) | Respond to of 1220
 
Shares Outstanding 44.6M
Float 17.8M

After the 1/20 reverse there will only be 2.03 million shares outstanding and 890,000 in the float. Laws of supply and demand could make the new AXCESS Inc. a hot number especially if some good press comes it's way in conjunction with the split! The shorts won't be able to borrow any stock to drive it down.

I personally have been scooping up shares at 7/32. I have a GTC in at that price and every few days someone lets a few thousand go at the bid. I can't believe that JPMorgan, et al will let this company go down the drain.