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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: cAPSLOCK who wrote (4239)	8/2/1998 6:53:00 PM
From: M. M. Jones	Respond to of 4736

cAPS, my friend -- You still here? The answer to your questions. "At the same board meeting, the board approved a reverse split to reduce the number of authorized shares, currently 200 million, and the number of outstanding shares, BOTH by a factor of 100." To Bob S.: The price of a stock is related to its earnings. With good earnings per share, and depending on how the company develops (as a resource company or as a technology company) the PE can be 10 times to 30 times earnings. Good things can still happen after a reverse split, and there can be forward splits in the future if the earnings support them. As the earnings come in there may be several forward 2 for 1 splits, in which case your "breakeven" would be half or a quarter of $33 -- and the number of shares outstanding would still be reasonable. M.M.