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

To: Sidney Reilly who wrote (4277)8/10/1998 7:52:00 PM
From: Michael Opila  Respond to of 4736
 
Hello Bob,

Made it back to Korea. I don't understand what did/didn't happen Monday for this reverse split? Any ideas. My email here is:
opilam@usfk.korea.army.mil

Michael



To: Sidney Reilly who wrote (4277)8/10/1998 8:59:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 4736
 
Bob, at either 1 for 10 or 1 for 20, there will be less shares to print. Anyone knows what will be the request for a new ceiling on the number of shares? Right now it is 2 MM shares, but 560,000 that were still available for financing were gifted to the new directors, I am betting they'll ask for 100 MM new shares ceiling, and the stock will eventually go back down under $.05 or lower.

Zeev


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