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Microcap & Penny Stocks : SCMI -- rockin and rollin, company has big expectations -- Ignore unavailable to you. Want to Upgrade?


To: Saturday who wrote (223)2/17/1999 3:27:00 PM
From: PK  Respond to of 546
 
WRONG...read the posts again ..#214 explains..your confusion on stock issue.

PK



To: Saturday who wrote (223)2/17/1999 3:32:00 PM
From: Gennaro  Read Replies (1) | Respond to of 546
 
First of all the bankruptcy hearing is a result of former mgmt, and will not happen acoording to new mgmt however the hearing must still be dealt with (according to Ed Salmon it is nothing he is concerned with), as for the reverse merger, it is my understanding after discussing this with Ed Salmon, that the reverse split will only occur for shares issued for the new company (hits). The SCMI shares will remain intact ie. no split, you will still have the same number you started with...you will be given 6x less shares of HITS...