To: Novice Bob who wrote (3279 ) 4/10/1998 11:13:00 AM From: Larry Pritchett Read Replies (2) | Respond to
I am long this stock and hope to see it do well, but all this talk about reverse splits and a NASDQ listing is VERY premature at best.Look,this company needs to focus on producing REVENUES and ,more importantly, EARNINGS before they do anything else. Someone(I can't remember the poster) did a good job of trying to explain the perceived worth of this company and I think that was a logical way to approach what the current price should be.IMO,a reverse split should ONLY be done when a company has proven itself and is coming from a base of financial strength!Example,say CVIA has done there job well(and this will take alot of time)and some anlaysts approach them and say,"We like your stock and think it has potential,but we need to get the price up in order to get you listed." Then,and only then IMO,should they consider a reverse spit. Otherwise(again, my opinion)it would be suicide. You don't have to buy into this suicide thing but the stats bare me out here. Just look at the bodies of stocks that have done reverse spits from a WEAK base...they're strewn all over the investment highway! Hell, we all probably have some of these company certificates doning our bathroom walls! Anyway, I get the feeling that most here are not even familiar with the NASDQ guidelines to qualify for a listing. If your not, then follow this link and read it.http://www.nasdaq.com/reference/MktRules.htm#4310 Again, I truly hope this company performs, but let's not put the "cart before the horse". We need a MERGER first followed by REVENUES and EARNINGS...plain and simple. From this the others will follow.
