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Microcap & Penny Stocks : Saflink Corp. (ESAF) Biometric Software Provider -- Ignore unavailable to you. Want to Upgrade?

To: Michael H. Dilley who wrote (3485)	4/27/1998 10:16:00 PM
From: Sheldon C.	Read Replies (1) \| Respond to of 4676

Mike, I've been burnt on reverse splits before. Had one company that Reversed 1 for 5 and the 1 for 5 again. Navistar and Varity both reversed on me. I hate them!!!! Most of the time companies reverse to allow themselves to be more attractive to Institutional investors, since many institutions will not touch anything less that 5 or 10. Usually however, the market takes the split as a negative and takes the stock back near the old level. This might be different. The reverse may be necessary to maintain NASDAQ listing. This is a serious matter. If the stock crosses 1 before the end of the week, I will vote no. If not I will probably hold my nose and vote yes. (Although, that might make it hard to write.) I am more concerned about the possible dilution that the large number of options could cause. So, although , I usually vote for options for key employees, I will most likely vote no here, because I think that they are excessive and the terms may not produce the extra effort that we will need to get this company successful. Sorry to be so equivocating, but that is how I feel today. Regards, Sheldon