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To: The Street who wrote (21975)8/22/1998 2:24:00 AM
From: paulmcg0  Respond to of 50264
 
[a reverse split is not bad if it gets you too a LISTING]

I disagree - Reverse splits are something that a number of investment books recommend against, for 2 reasons.

One is that it is an artificial attempt to boost the stock price that almost always ends with the new stock price declining even further.

The other reason is that by increasing the number of shares that the company holds, you decrease the shareholders' control and the company can reissue those shares on the market, diluting ownership.

Paul M.