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Microcap & Penny Stocks : CCEE Breaking Out -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Moze who wrote (9554)3/16/1998 10:28:00 AM
From: Steve W.  Read Replies (1) | Respond to of 12454
 
Dr. Moze,
I, too, would be delighted with either!

Regarding my previous post regarding a reverse split....
Of course I would prefer to get to $5.00/share with no reverse split. I was simply looking at some of the supposed benefits, i.e. institutional interest and reduced float. Also, there is the benefit of increased credibility and comfort when an AT&T, IBM, etc. looks at a relationship. They also would prefer a $5.00+ share price.

By the way, I didn't have any intention of becoming a "penny stock player". I was looking for good technology with an emerging company. I didn't invest (initially) in a penny stock. Hopefully, by the end of the month, I will no longer be invested in a penny stock!

Whether we hold 10,000 shares at $2.50 or 1000 at $25.00, we will all benefit from solid earnings growth in conjunction with institutional interest and speculation.

Regards,
Steve W.



To: Dr. Moze who wrote (9554)3/16/1998 11:37:00 AM
From: BANCHEE  Respond to of 12454
 
Dr Moze

Try this

1o,000 shares @ $1.00 = $10,000.oo with a reverse split 0f 1 for 10 it would look like this 1,000 shares @ $10.00 lets say it goes up
$5.00 to $15.00 a share over time would look like this
1,000 shares @ $15.00 = $15,000.oo
Now 10,000 shares @1.00 with an increase to $2.50 would look like
this 10,000 x $2.50 =$25,000.oo with out a reverse split.
or 10,000 shares @ $15.00 would look like this with out a reverse
split 10,000 x $15.00 = $150,000.oo Big difference.
Sorry if I didn't explain it better.
Either way I against a reverse and would sell and let it come down.
They always come down and take awhile to move back if they do move back up. We are not talking a big cap stock here. A little
co with a lot of potential that you have to keep an eye on.

Reguards
Banchee