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To: JOHN SAMSEL who wrote (468)5/10/1998 4:40:00 AM
From: Bobby Yellin  Respond to of 747
 
same as you



To: JOHN SAMSEL who wrote (468)5/10/1998 10:52:00 AM
From: Ahda  Read Replies (1) | Respond to of 747
 
A company when looking for financing can do a reverse split to increase value of shares and use said to assist in equity funding.
A company can also not have enough shares so the purpose of a reverse split is if they have 50,000 shares authorized and they have 40,000 trading. They can do a reverse and then issue more shares as they are set up for 50,000.
Hope i didn't confuse anyone.


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