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Microcap & Penny Stocks : MSHE (MSH Entertainment) -- Ignore unavailable to you. Want to Upgrade?


To: Sisofsix2 who wrote (1748)11/10/1998 1:57:00 PM
From: Kip518  Read Replies (2) | Respond to of 2706
 
Upon closing the deal, MSH will qualify for a Nasdaq small-cap stock listing and plans to become a fully reporting company, the company said.

doesn't this statement still strike everyone as odd. MSHE is, up til now, a non-reporting company priced in the pennies. Could it possibly mean (God forbid) "reverse-split?" I think one of the releases said something about 33 million shares when the deal's done. Are we talking about a 1:10 split (which would bring the price, at least initially, in the $4 range?). That would also bring the outstanding shares down to 3.3 million (anyone recall if that's above the minimum needed for NASDAQ listing?) Why would AGE go along with that?

I can't figure this one out. If MSHE expected the stock to rise to $4.00 from this level. You'd expect to see a hell of a run starting already. Is the stock languishing because a reverse split is in the cards?

Sis & Micky, what do you think?