To: campe who wrote (3274 ) 4/10/1998 3:30:00 AM From: John Sahakian Read Replies (1) | Respond to
Here's my two cents worth, I've spoken with Jack and Keith several times and my feeling is that we are going to see the reverse split much sooner than later. Keith was very emphatic about WOTD management's desire to do the split very soon. If I had to guess, I would say no more than 3-4 weeks after the merger is announced. Keith said that they will wait for the share price to set and then call the ratio. As much as I like Jack and the good job he's done, I don't think he will be the one calling the shots once the merger has gone through (though he will be a board member and probably run WOTD IR department). I agree with many on the thread that it would be nice to see the price increase to .1 or .25 before a reverse split, but I can also see it from WOTD management's viewpoint that it might be easier to make acquisitions/contracts with others if the stock price was in the $4 to $5 range (especially considering these deals are going to made with stock, it would be more reputable/attractive). As for the NASDAQ requirement of at least 1 million shares, even if they go below that at first with the reverse split, in the process of making these acquisitions or contracts they will naturally increase the float to the +1 million range.
