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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (7878)	8/9/1998 9:20:00 AM
From: Ploni	Respond to of 10479

I doubt it will be a good week for Osicom. Yeah, it's about time for another reverse split. I suggest that the next one should be about 1-for-10, and should be made at about 3:55 p.m., and be effective immediately. That way the short-sellers will be able to get in at the next day's morning bell, and get maximum advantage from the plunge. The important thing is that Parvinder Chadha won over 90% of the vote last time. Obviously, the overwhelming majority of shareholders are very pleased with his leadership, and the direction in which Osicom is moving. This makes for some interesting question: Would the price per share drop below 5 no matter what the reverse split ratio? Would two consecutive 1-for-3 reverse splits be more damaging than one 1-for-9 reverse split? Can they keep doing reverse splits so that there's only one share outstanding, and it's owned by Chadha?