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To: Coolbreeze who wrote (706)11/3/1998 1:55:00 AM
From: Chuck Rubin  Respond to of 1622
 
Yes, thank you for bringing that to our attention.
I did notice a reverse split mentioned.
I would be curious what kind of split that would be 1 for 2, 1 for 6, 1 for 20???
I will tell you, from my experience this has not worked to my good IMO.
In my experience the stock reverse splits, goes up according to the split, the investor has fewer shares,...then, in my experience, the stock sometimes trickles back down to where it was before...and walllaaa!!! The investor ends up with fewer shares and the share price not much further than before unless there is plenty of momentum and news coming out to counteract or try to prevent the possibility of a stock price reversal.
I look at a reverse split as a kind of desparate action by a Company who can't get the price up in other was......Just as a forward split is an indicator a Company is doing well.
I think we must find out more about the possiblities of the Company actually doing a R/S and find out if this is necessary and how much of a R/S would take place.

Chuckr