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Technology Stocks : Vidikron Technologies Group (VIDIC) -- Ignore unavailable to you. Want to Upgrade?


To: jbIII who wrote (757)11/12/1998 1:37:00 PM
From: Dave Triplett  Respond to of 782
 
Sorry to say that I have never had a reverse split work out to the good. It's the kiss of death. It's the way a company says thanks for your money now get lost.



To: jbIII who wrote (757)11/12/1998 5:53:00 PM
From: Gary Korn  Respond to of 782
 
John,

As another poster advised, reverse splits are the kiss of death. I was involved with that situation before with HVSF. The reverse split hit and we went from 80cents/share to $8/share. I got out. It is now $2/share. I guess there can be exceptions, but I took my tax loss on PJTV when I saw the potential reverse split announcment.

Gary Korn



To: jbIII who wrote (757)11/12/1998 11:11:00 PM
From: firstman  Read Replies (1) | Respond to of 782
 
Never experienced a reverse split, but I have heard many war stories of them on these threads. Those who saw their stock fall on a reverse speak very bitterly, naturally. But there are also many tales of spikes after a company declares a reverse. Sometimes, a stock will fall and then soon recover, ending up much more valuable in the mid-long term. We will know only when the bell tolls. PJTV still appears to be a company with potential, everything I have read about the projection televisions they make says they are one of the best, if not THE best systems you can buy. That says a lot. Quotes from independent video/television distributors say the company is reliable, delivers the goods, and comes through with all orders. THAT says a lot.
I don't have much invested here, but enough that I can feel your pain! I'm gonna ride this one, it's already worth almost nothing anyway.