To: Jay Elrod who wrote (3972 ) 4/15/1998 7:07:00 PM From: John Read Replies (3) | Respond to
A reverse split is a very BAD idea at this point. A reverse split is best utilized AFTER a company has managed to become profitable, and can sustain growth and profits. There is not a single doubt in my mind that if a reverse split were performed right now, the stock would end up depreciating considerably in price. The risk of a reverse split is enormous at this point, and thank goodness ARET officials agree, according to Barry. He revealed to me during my phone conversation with him last month that ARET would not even consider a reverse split until the company becomes profitable and CAN SUSTAIN A POST REVERSE-SPLIT PRICE.
