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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: Paul D. who wrote (9728)10/1/1998 4:09:00 PM
From: Richard L. Williams  Respond to of 11708
 
Paul, why be mad? Fewer shares outstanding means EPS will be higher equals higher stock price down the road.

When we first heard about this deal, it was a 1-5 reverse split, then one share of each for each share of CSMA. So, I am getting a few less shares...big whoop. If one year from now, those shares are worth $10 or more (in the case of Enviro-tec), I won't care one way or another what happened yesterday.

And I doubt many others will either, Paul.

So if you're trying to foment shareholder revolt, looks like you're failing, Paul.

Rick



To: Paul D. who wrote (9728)10/1/1998 4:33:00 PM
From: TraderGreg  Respond to of 11708
 
Look Paul. I don't own CSMA right now, so I don't have any vested interest to BS here. But this is not a reverse as you describe it. It is a spin off with a concomittant reduction in authorized shares as well.

That reduction essentially makes this a split into two companies with similar percentage relationships between the outstanding and authorized as before the spin off.

TG


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