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Microcap & Penny Stocks : UNIVERSAL EXPRESS INC - USXP -- Ignore unavailable to you. Want to Upgrade?


To: TraderGreg who wrote (660)7/2/1998 6:35:00 AM
From: Hootermonger  Read Replies (2) | Respond to of 2493
 
HOW DOES THIS SOUND? If the only reason for the reverse split was to catch the shorts,(they have a MAX. of 30 days to cover after the name change if I'm correct)why not split the stock back to where it was after the expiration date? A 70/1 split. Sounds good to me.If that was indeed the only reason for it.I can understand why RA denied a RS was going to happen if he was going to try to catch the shorts.If word of the RS leaked out,the surprise would be nullified.If it is to obtain NASDAQ status,that was what should have been stated.Some clarification on the company's part is in order.I hope we don't have to wait for the KINGFINE interview next Wednesday to get answers.Hopefully today will be a good one. regards, Hootermonger