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To: Hugh M. who wrote (542)	4/3/1998 2:57:00 AM
From: Peter Fein	Read Replies (1) \| Respond to of 811

Historically, stocks that reverse split (or regular split for that matter) tend to uptick moderately on the day it goes into effect. It usually returns to fair value in a few days though. Don't know why - it's one of those market psychology things. --Peter

To: Hugh M. who wrote (542)	4/3/1998 8:39:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 811

Hugh; If a reverse split is in the making some people will hold their shares. No matter how you look at it even with a 1/64 spread it cost min of 25% to sell your stock right now, often 50%..and the same to buy any..a stock trading at these levels on the nasdaq is silly, but not for the Market Makers. If they can move enough volume they make out just fine. How it will effect things I'm not sure we should know today..my guess or hunch is that people may hold the stock if they think there is a chance or a reverse split. On the other hand they may panic with the notice that the nasdaq may de-list her. But my bet is that more of them will hold, as that de-listing is out in July ..and there is time to fix her if managment acts. Jim