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.

Biotech / Medical : Cistron Biotechnology(CIST)$.30 -- Ignore unavailable to you. Want to Upgrade?

To: Dr. John M. de Castro who wrote (1641)	11/9/1998 2:12:00 PM
From: Steve Harmon	Respond to of 2742

Is Henry Grausz's 6 million share position being squeezed? If it is. Who or whom is benefitting?

To: Dr. John M. de Castro who wrote (1641)	11/9/1998 2:29:00 PM
From: Steve Harmon	Respond to of 2742

If a 4 million share buyback were implemented would it prevent someone or somebody from getting Grausz's 6 million shares at these bankrupt levels?

To: Dr. John M. de Castro who wrote (1641)	11/9/1998 4:33:00 PM
From: rkrw	Read Replies (1) \| Respond to of 2742

John, A stock split (2 for 1, 3 for 1 etc) is designed to enhance liquidity via a higher share count. Think of a reverse split as the opposite. A float of less than 1M shares will not create a more liquid market whether you list on the NASD, NYSE or Istanbul. Spreads will be wide and it will be difficult to enter and exit, just as it is currently. Further, I believe there are listing requirements concerning shares outstanding, as well as market value. A better bet would be to wait if/when the stock gets to higher levels and attempt a listing at that point with a less onerous split.