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To: dave brown who wrote (21306)6/29/1998 12:30:00 PM
From: Terry D.  Read Replies (1) | Respond to of 27968
 
I suggest that any investor check with his broker and see if your acct is a cash and margin acct or a cash acct. If it is cash and margin have them change it to a cash acct. This will make your shares unavailable for MM manipulation. Remember, the brokerage house don't hold your shares out of the generosity of their heart. They lend them out and collect interest and trading fees. Any stock made unavailable for this makes it harder for shorters to cover.

Terry



To: dave brown who wrote (21306)6/29/1998 1:30:00 PM
From: Steve1  Read Replies (1) | Respond to of 27968
 
How about 2 totally different stocks.



To: dave brown who wrote (21306)6/29/1998 1:58:00 PM
From: Dave Gore  Read Replies (1) | Respond to of 27968
 
DAVE BROWN, DAVE BROWN....I repeat...why are you HERE?

You keep hanging around....why are you here on the FAMH wasting so much time on a stock you have no vested interest in?

Or do you? Hmm...

I will keep posting this question every day until we get an answer that makes sense!

To: +Steve1 (21300 )
From: +dave brown Monday, Jun 29 1998 11:55AM ET
Reply # of 21311

"Basically comes down to the following: "Do you want to own a lot of stock in a company that is not worth much?" or "Less stock that is worth a lot more?"



To: dave brown who wrote (21306)6/29/1998 2:17:00 PM
From: TraderGreg  Respond to of 27968
 
Dave, as you seem to be saying, there are very few ways to package a reverse split in a good way.

Two things have to occur to make it palatable:

1. The pre-split market value of the float is sufficient to meet NASDAQ criteria for listing, i.e., $5 million dollar float. This would lend credence to a company's contention that the reverse is to boost the price per share up to meet the NASDAQ requirement.

AND

2. The company agrees to reduce the authorization in the same proportion(or very close to) as the reverse. This would send a message that they don't plan to print shares after the reverse.

If either 1 of the above are missing, then there is an ulterior motive.

Evene with both of the above, reverses do generate price weakness almost always in the short run.

TG