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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS -- Ignore unavailable to you. Want to Upgrade?

To: Janice Shell who wrote (446)	9/15/1998 3:55:00 PM
From: Cavalry	Read Replies (1) \| Respond to of 1637

heres what i have found out, my company reverse merged into an empty shell. the empty shell had approximately 6 million shares they did a 150 for 1 reverse split, it got the shares down to 50,000 or so. they were given 50,000 shares in the newly formed company. someone i hear took 300,000 shares of the old pre split shares and has been selling against them, he should only have 2000 shares not 300k, 300k/150 approx, gives him 2000 shares this is the snag, that must be cleared up. dont know who is selling shares so i wont post his name. looking to company for answers cav