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To: The Perfect Hedge who wrote (377)5/11/1998 11:39:00 PM
From: Juan Dominguez  Read Replies (2) | Respond to of 44908
 
Has anyone gotten clarification on whether the $15M deal is based on $2+ stock or $.27/stock? IMO, this is the only issue holding the stock down. If its based on $2/stock then this is truely a no brainer and a $10/stock. If its based on $.27/share stock then the stock will have a tough time going over $1/share and a reverse split may be in order.

Mark Kabash , their IR person, said its $2+ but I would feel more confident if the company would issue a statement with the exact figure. I NEVER TRUST IR or PR reps whose job is to hype the stock. I guess if they don't issue a statement, we will have to wait for the 8K.

IMHO, what will move the stock over $1/share is clarification in that issue with the $2+/share price indeed being correct.