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Microcap & Penny Stocks : Corporate Vision (CVIA) -- Ignore unavailable to you. Want to Upgrade?


To: Brad who wrote (3271)4/9/1998 5:11:00 PM
From: PO Stahl  Read Replies (2) | Respond to of 6654
 
Do we know for sure what stock price WOTD needs to get the listing? I heard someone say between $4 and $5. To get to $4 from where we are now we are looking at a 1 for 200 split which does not seem realistic. That would put the outstanding shares around 500,000 and there would be NO room to drop or issue new shares. It seems to me WOTD would be better off taking a little time to build the price up before the reverse split. If they managed to get the price up to say .10, they could achieve $4 with only a 1 for 40 split.

Anyone else have any thoughts on this



To: Brad who wrote (3271)4/9/1998 6:04:00 PM
From: Novice Bob  Read Replies (2) | Respond to of 6654
 
Everyone runs scared when they hear mention of a reverse split. Reverse splits are normally done because a company needs to be able to sell more stock in to the float in order to survive. Reverse splits can be bad for the shareholders because the company is in a survival mode, they may not be doing all that well enough to stand on their own and thus, need to lean on the shareholders.

THAT DOES NOT SEEM TO BE THE CASE HERE. This reverse split is going to be a posturing move to position WOTD for a NASDAQ listing. This will enhance their position to secure financing for future acquisitions, and to attract a different class of "longer term" investor. I am sure more people will begin to see the opportunity in front of us with CVIA. I do and I have my piece of the action. I just hope I have the opportunity to pick up more shares next week at these prices before people really start to catch on.

Robert