Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Liteglow (LTGL) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (3045)	9/4/1998 2:29:00 PM
From: Shadow	Read Replies (1) \| Respond to of 4715

Dan, Historically 1 stock in 100 does well after a reverse split. It totally destroys the investment of the pre split shareholders and the confidence of post spilt buyers.

To: Daniel Miller who wrote (3045)	9/4/1998 2:35:00 PM
From: Retaylor	Read Replies (1) \| Respond to of 4715

Daniel, The problem with reverse splits is that they rarely work. Lets use your logic that if you bought 100 shares at .02 which =2.00 then there is a 100 - 1 reverse giving you 10 shares which equals $2.00. at .20 a share. Then they have room to go lower and lower leaving your investment worth practically nothing. At .01 or .05 you have room to average down and if things get real bad sell for a minimal loss instead ending up with worthless paper. History shows that reverse splits rarely benefit the shareholder. Retaylor

To: Daniel Miller who wrote (3045)	9/4/1998 4:24:00 PM
From: Lazarus	Respond to of 4715

Daniel...do you actually take math??? What would ever be good about a stock doing a 100 to 1 reverse as you described. Lets do the math. Lets say you own 100k shares at .013 X .015 so your actual cash out value is $1300.00 In the scenario you described 100 to 1 you would have 100k divided by 100 = 1000 shares at a post split value of $1300.00 if the stock then went to .05 your 1000 shares would be worth $50 bucks. Well my friend ... it would be a LONG ride up. I refer you back to my previous post....I told you I would be able to buy the stock at 1/64 ...http://www.techstocks.com/~wsapi/investor/main-0 Daniel...get a good education and a good job...and plan to make your $$ the Smith Barney way. [ONE MORE THING ... if the scenario you described were to play out than the wisest move would be to sell your 100K shares now and then buy back at .05 post split ($1300.00 divide by .05 = 26,000) ....you would have 25k more shares with the same amount of $$.] Barginstocker ps....don't bother to reply...dont want to say anymore about the matter.