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Technology Stocks : ExperTelligence, Inc. (EXGP) -- Ignore unavailable to you. Want to Upgrade?


To: Madeleine Harrison who wrote (37)1/4/1999 9:13:00 PM
From: RikRichter  Read Replies (2) | Respond to of 337
 
Madly,

Well thought out post! A reverse split for EXGP would be inconceivable with only 1.6 million shares outstanding and about 37% closely held.

EXGP may not split at 10 but I've seen stock splits in the 15 to 20 stock price range on the order of 3 for 2, 4 for 3 or even 5 for 4.

Also, as we saw with EGRP today and with INKT and AMZN recently, a split announcement has been a bullish sign for Internet stocks.

Regards.

Elliot



To: Madeleine Harrison who wrote (37)1/5/1999 11:11:00 AM
From: MulhollandDrive  Read Replies (1) | Respond to of 337
 
I have never heard the term "forward split", it's not in the Barrons Dictionary of Finance and Investment Terms. What you have described is a stock split. Period. And like I said before, it is almost unheard of for a stock barely trading out of the single digits to split. You also need to review the SEC filings to see just how many shares have been authorized.

Additionally, since a split just increases the number of shares, it does NOTHING to increase liquidity. Illiquidity is a result of low trading volume, which of course stems from demand. It doesn't matter whether you have a 1 Million share float or a 10 Million share float, if the average daily volume is only ~10K, you ,by definition, have an illiquid stock.

At any rate, I have it on the watch list and will continue to monitor the volume.

Regards,

bp