Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: gordski who wrote (424)	3/15/1999 2:25:00 PM
From: Jim Spitz	Respond to of 546

This is different from a normal reverse split. It is done as a reverse merger. How is it different? Let me esplain it to you. You get 1/6 of your current SCMI shares in HITS shares and your current share count in SCMI still exists in the health care company. It's like getting extra shares distributed in HITS while holding the health care company. I'm keeping mine. jimS

To: gordski who wrote (424)	3/15/1999 2:41:00 PM
From: broke2	Read Replies (1) \| Respond to of 546

The wording in the PR sure sounds like a reverse split. And the market seems to think so to. Lot more sells than buys today. broke2

To: gordski who wrote (424)	3/15/1999 5:24:00 PM
From: DrStocks14	Respond to of 546

Just some technical background... When a private company wants to go public without the expense of Investment Bankers and underwriters it will merge with a public "shell" (for an example look at: AONE)... In the Hitsgalore.com case the private company, HITS, merged with a company that was more than just a "shell", therefore, the companys will be split again after the merger by way of distributing shares in the healthcare company as a special dividend. After which, both companies will be publicly traded. Its nothing suspect, it occurs all the time. The Doc