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 : REVERSE SPLITS ! Mad as Hell not Going to Take It -- Ignore unavailable to you. Want to Upgrade?

To: sweez who wrote (191)	9/22/1998 10:33:00 AM
From: Evan	Read Replies (1) \| Respond to of 217

Interesting points.There may be investors who get in after the reverse split since there does seem to be some bounce after a large percentage bail out before they drift down to the former level.In the short term investors who get in after the split are much better off than the ones who were in before.Take BNEZ as an example many of the same names appear before and after the split and support for the management.There could be a way to profit from reverse splits by getting in after and staying short term.The big winners of course are the management who resell the authorized shares freed up by the split.These guys must be sweating with the new SEC requirements for producing audited financials starting Jan 99 since they must now list money from stock sales as additional paid in capital, which in most cases is the only cash the company generates.I think we will see many companies move to the pink sheets.