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


To: broke2 who wrote (438)3/15/1999 10:58:00 PM
From: ciVic  Respond to of 546
 
Craig u crack me up :) As I understand it..the will set a "record" date..and whoever holds shares of scmi will get HITS shares and IHSI shares. I think we should be trading HITS shares around a week from now. Even if you sold hits...u are still on "record" to recieve ihsi shares...so why be concerned with the ihsi shares!! they are gravy. the equity of scmi will be trasnfered right ot HITS shares...so it's almost like you have doubled your money already!! ie. HITS = current scmi share value PLUS u get # of shares SCMI = same amount of shares of ihsi (prob .20 - .30) - so u get ur current value of hits shares..plus free shares of another company....seems logical to me :)

correct me if I'm wrong..

ciVic



To: broke2 who wrote (438)3/15/1999 11:00:00 PM
From: DrStocks14  Read Replies (1) | Respond to of 546
 
Yes, Broke2, That's a fair question.
And the simple answer is that they have not set a record date yet.
You can be assured that HITS wants to get rid of IHSC so it can start trading solely on its merit! Therefore, it is my opinion, that this will happen rather quickly. Like you, I am more interested in HITS and want to see them on their own as soon as possible. I think they offer a great opportunity.

The Doc



To: broke2 who wrote (438)3/16/1999 8:13:00 AM
From: Craig K  Read Replies (1) | Respond to of 546
 
yes, it is a fair question....the way I look at it is that if I get $1 out of the IHSI dividend....I am getting more than I expected....using the negative image of SCMI to get HITS cheap....

Craig