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


To: WVMayor who wrote (499)3/22/1999 2:39:00 PM
From: DrStocks14  Respond to of 546
 
Thats the way I read it too.

4,000 SCMI = 571 HITS and 571 IHSC. Remember, not long ago the old SCMI was trading around $0.02 therefore, even after the 1-7 split the shares of IHSC could trade on the low side (around $0.20). So be prepared and don't be disappointed if IHSC trades down at that level. The real winner here will be the 571 shares of HITS which should be an excellent holding for some time. Good Luck.

The Doc



To: WVMayor who wrote (499)3/22/1999 2:40:00 PM
From: Joana Tides  Respond to of 546
 
Hello WV, I just corrected my post as I had said SCMI same amount as IHSI but no I wasn't sure of the details of the issue. I thought I had read it that way, # of SCMI = # of IHSI, 7 to 1 Reverse Split with HITS, then New Co. name is IHSI with original shares....but it was complex and I guess I'm outnumbered on opinion, thanks. I'll read the details again carefully.
Well, The Glass Is Still Half Full!
Joana



To: WVMayor who wrote (499)3/22/1999 2:45:00 PM
From: tranzz  Read Replies (1) | Respond to of 546
 
They were talking about this at the raging bull thread. From my understanding, you will get the same amount of shares (SCMID) if you hold your shares till April 6, 1999.

1 SCMID = 1 IHSI

I hope this helps.