Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: Darryl McSherry who wrote (7305)	5/25/1998 10:06:00 PM
From: TraderGreg	Read Replies (2) \| Respond to of 11708

I admit I am upset that the upgrades to the well are not proceeding as fast as we'd all like them and/or that we have not been kept up to date on well related news(contracts, financing, etc) BUT The reverse is the one thing I don't see at these levels...they would have to be totally brain dead to do a reverse after this much erosion with so much to look forward. The kind of reverse that works is when you got the NASDAQ fundamentals BEFORE you do the reverse but need the reverse for price ONLY repeat price ONLY. Greg's law: A company that does not have the fundys BEFORE they do a reverse is doing it for one and only one reason--a license to further dilute a nanosecond after the commencement of the 1st trading day after the reverse. This is axiomatic and should be accepted as pure Gospel...and I'm not <ggg> or LOL here. At 80 or 90 cents, with stability, and some positive earnings, a 1 for 6 or 1 for 7 reverse, with committment to reduce the authorized shares commensurately, would be the minimum acceptable level for a reverse..a 1 for 3 at a couple of bucks would of course be better. Delivery of the earnings that we have been told are just waiting for us would of course be best. But at .40 with 7million in the float, CSMA does not have the NASDAQ criterion (float value of $5 million) pre-split so it sure ain't gonna have it post split. No, Darryl, say it ain't so, cause a reverse here would be the final capitulation. I just don't see it. TG still wondering why his most thoroughly DDed holding is performing near the worst in his portfolio.