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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?


To: BarbaraAnne who wrote (179)4/24/1998 11:32:00 AM
From: Ga Bard  Read Replies (1) | Respond to of 9440
 
Good ... glad someone has some that are. Me I will get in afterwards after it dips down. Just a principals I have.

GaBard



To: BarbaraAnne who wrote (179)4/24/1998 12:03:00 PM
From: eric deaver  Read Replies (1) | Respond to of 9440
 
I am glad this came up. I am about ready to jump into a penny that I have been doing some serious DD on. Can someone explain to me two things:

Why would a company do a reverse split - just to make its stock price higher and hopefully gain more respect from investors that do not trade pennies?

AND

How would one know that there would not be a reverse split - just talk to and trust management or are there certain documents to look for. I know that this was talked about in AVBC and even there we are trusting a president's promise (as well as the idea that Tom would have nothing to gain from a RS - hence question #1)

Thanks to all who care to answer.

Eric



To: BarbaraAnne who wrote (179)4/24/1998 12:16:00 PM
From: thomas odonoghue  Read Replies (1) | Respond to of 9440
 
Question?
I'm holding shares of a company that is publicly listed on NASDAQ. There was a merger announcement that a privately held company was merging with the public company in the next 90 days. The private company will hold the majority of the shares of the public company and the CEO of the private company will be at the helm. It's a reverse merger which will bring the private company public without having to go through the IPO process, if there is one.
has anyone been involved in a stock like this, if so, what happened?
To me, it's like a corporate takeover or something. The public company earnings have been poor the past few quarters driving the price down.