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To: TraderGreg who wrote (3481)4/14/1998 4:41:00 PM
From: campe  Read Replies (2) | Respond to of 6654
 
Why do you say they will ooze out a million shares into the float? I asked about this. The plan was always to acquired profitable businesses. They will be doing that with shares which I was told would be Restricted. They will not enter the float immediately.

I also expect the price to drift down after the reverse, however, I believe it will be temporary. I'm sure those with guts will try shorting it. That can be dangerous with such a small float.

The Reg S is done and over with. I was told WOTD has big money, outside investors already lined up to finance their acquisitions via Restricted shares.

It would be interesting to see today's trading log and see the actual sell to buy ratios. I don't believe we'll see .005. WOTD will be a company with revenues and profits which means a PE ratio. Find another company out there for $1.50 that can boast that.

The bottom line is, its up to WOTD to now pick up the ball and educate the shareholders of their business plan.

Well, it looks like this thread is finally balanced with Bulls and Bears ;~)