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


To: Brad who wrote (3430)4/14/1998 2:01:00 PM
From: campe  Read Replies (1) | Respond to of 6654
 
Any even more importantly, a float of only 390,000 shares...If WOTD gets on the radar scopes of retail brokers and fund managers, all bets on future price are off.

When I spoke to CVIA this week, they said they had long term investors waiting on the sidelines for the next acquisitions.

My bet is this will not be the only press releases this week...



To: Brad who wrote (3430)4/14/1998 2:22:00 PM
From: TraderGreg  Read Replies (1) | Respond to of 6654
 
Yeah, the total authorized is reduced to 50 million. How nice of them.If the reverse was just to get the price up, why wasn't the authorized reduced by the factor of the split? Rhetorical.

Because the cos that do this ridiculous level of split typically start dumping shares into the float immediately afterwards. They will be reducing the shares to what 390,000.

That number has license to dilute written all over it.

I can't believe they did this level of split at these prices.

TG