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Biotech / Medical : Techniclone (TCLN) -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (2719)11/18/1998 1:48:00 PM
From: EPS  Respond to of 3702
 
Now we have to wait and see what the fundamentals do.
If they don't develop something to generate sales and shareholder excitement, the
share price will continue to slide as cash is eroded and the company's prospects
dim. But that wasn't the idea of reverse split disaster, it was simply a technical
analysis idea that people would bail out because people would bail out = a
self-fulfilling prophecy like so many lemmings stampeding.


I don't think you are doing justice to the arguments against your *reverse splitting saga*. It is precisely because the fundamentals will not change with a TCLN reverse splitting that the price of TCLN will tend to drift lower after a reverse split. Now if the fundamentals change the best thing to do from a shareholder's perspective is for the company to buy back shares and retire them.
Keep us posted. BTW TSRG is now about 9/16, I believe, and facing delisting again. Maybe after another 7 to 1 reverse split they will be able to...?

Victor



To: Maurice Winn who wrote (2719)11/19/1998 9:09:00 AM
From: GregSL  Read Replies (1) | Respond to of 3702
 
RE: CYTLD reverse split. They closed Friday at 1/2. After the 7 to 1 reverse split they should have opened at 3 1/2. They opened at 3 1/4, down 1/4 and have been down since. Yesterday, only three days after the split they close at 2 3/8 a new 52 week low.

Reverse splits are bad. Maybe after this experiment Maurice is convinced, but I doubt it.