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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?


To: myturn who wrote (6558)2/17/1999 12:14:00 PM
From: lightfoot  Read Replies (1) | Respond to of 15987
 
SCMI, be sure and check out the 8K filed on 2-11-99, a 6-1 reverse split to reduce shares to 8 mil, and then 20 mil shares of hits to be exchanged for the 8 mil. All contingent on SCMI's bankruptcy hearing, a very complicated filing all in all.

Not saying it is still not a good buy at these levels, just think everyone should be aware that the underpinnings are not as stable as a simple buyout!