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To: Zvi Yammer who wrote (6696)5/8/1998 4:54:00 PM
From: Daniel Miller  Respond to of 8835
 
Nobody is paying any attention to MCYX or WEBY? WEBY up 1 point today, up over 300% this week. MCYX up 18% today up to .05. It looks like the reverse split may help this garbage company.



To: Zvi Yammer who wrote (6696)5/8/1998 7:11:00 PM
From: Israel  Read Replies (1) | Respond to of 8835
 
Zvi..

Thank you for your input. In your example you use PHRX to illustrate where a reverse split might be advantageous to both share holders and the company. Though I am not familiar with PHRX, it seems as if they have a solid base, profits, sales, cash etc. In this case a reverse perhaps, will be favorable.
Where my concern lies is in companies who reverse just for the sake of avoiding de-listing, which is most often the case. And therein lies an opportunity to profit on the short side.

Happy Trading,
Israel