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To: FARRIS who wrote (291)	6/17/1998 8:11:00 PM
From: dusty	Respond to of 389

I agree I bought 50,000 shares of IECS @ .18,they did a reverse, and it worked out great.

To: FARRIS who wrote (291)	6/17/1998 9:10:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 389

Farris--I'm confused. If they reverse and issue shares to themselves, we get the double whammy. Why don't they just issue shares now and hold off the reverse until the price is a good bit higher? <gg> At least then we only get 1 dose of dilution. Actually a radical concept would be to give them options with a say .10 and .20 strike. That would give management some incentive to grow the company. I realize that reward thru performance is extremely radical to management but it would be kind to EXISTING shareholders. If the pre-reverse market cap isn't large enough for a NAZ listing then the reverse certainly won't help in 99+ % of the cases. BTW, the 1-100 reverse you cited that worked, did existing shareholders profit with their original shares OR did they have to average down heavily after the reverse to come out ahead? TG