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To: Dusty Vestal who wrote (3532)6/28/1998 1:08:00 AM
From: Daniel Miller  Respond to of 43774
 
Well, the reason for a reverse is mainly to attract diffrent type of investors. The bigger investors rather then the small investors like ourselves:) If it does seem attractive to these people the stock will go up immediatly after the split, and you will see great movement. But if the split fails. You could see the stock back in the pennies. I just went through 2 reverse splits. One with MCYX. Was at .055. I sold because of the fear of the split. Well how dumb was that. Right before the split was performed the new company announced Two Acquisitions. They are dominating their field. It is holdin at 17!! It has been as high as 20 recently. The symbol was MCYX, currently SNTIV. Check it out. Another one also came up with positive returns. Those are the only 2 I ever was close to going through. If the stock price does drop back down to the pennies the float will be very low so it will probably not drop under .1, if that far at all. But there will probably be no reverse by PRWT.

-Daniel Miller
DM14trader@hotmail.com



To: Dusty Vestal who wrote (3532)6/28/1998 2:23:00 AM
From: BONGIZMO  Read Replies (1) | Respond to of 43774
 
Dusty, one of the main reasons a reverse split happens is that it is often the result of an inept management team that has lost investor confidence and thus has watched their stock price plummet thereby risking delisting and making it extremely difficult to raise money. Refer back to my prior PM to you as that stock as well as the referred to hypester that we know so well is a shining example. This company raised tens of millions over the years, blew it all diluted shareholders to 100 million shares from an initial offering of 5 million, reversed 1 for 10 and within one quarter had doubled the shares back up thus starting the process all over again. The winners you ask...the underwriters that generated huge fees, the promoters that got cheap stock in exchange for propping up the stock during Reg-S's and private placements and the aforementioned hypesters that preyed on unknowing investors and touted a penny stock as having been 70 dollars a share and thus a GUARANTEED winner.

PRWT is unlisted thus delisting is not a problem, they can use treasury stock to close deals without dilution, and they have a management team that in 4 weeks has shown more than that prior named company did in 7 years. Should a reverse ever take place it would be due to a problem of success and at much higher prices since the company would have continued to advance their business and at that time would deserve listing because some 'real' firms would want to get involved. We can only hope that we have those kind of problems.

Remember, have confidence in the reasons you are in a stock and simply disregard those that want to scare you out of your shares.
FEAR and GREED are what drive stocks and on this thread we seem to have far more fear spreaders that are getting frustrated at not being able to get PRWT to move in their desired direction.