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Microcap & Penny Stocks : HITSGALORE.COM (HITS) -- Ignore unavailable to you. Want to Upgrade?


To: ted who wrote (61)3/24/1999 6:50:00 PM
From: ciVic  Respond to of 308
 
TED..7 - 1. hope you are still pleased. I've heard predictions of opening at 5 1/4 tomorrow...and I think that will prob happen. I'm gonna go a step farther and say come 11:00 this thing takes off to 7 - 9$ at which point I will have no clue what do with this HOLD or SELL. It's anybodies guess. If the brokerages and big players kick in after 5$ this could really fly!!

maybe post whenever you sell just so we all get a feel for when people are selling it :) I'm sorta hoping for 8$ myslef.

ciVic



To: ted who wrote (61)3/24/1999 6:51:00 PM
From: gordski  Respond to of 308
 
You have 1 share of hits for 7 shares of scmi that you bought.
Indeed you should be very pleased, as we all are.
gord $^)



To: ted who wrote (61)3/24/1999 9:25:00 PM
From: ETS/316  Respond to of 308
 
I found this example on the Yahoo thread from a "YAADMON", this is also how I read the PR to be......Correct me if I'm wrong on this anyone

A lot of people are confused with the shares they will get after this reverse split merger. Hope this example helps:

I will use an example of 6000 scmi shares to begin with

6000 shares of scmi = 6000 shares of IHSI (after the merger)
SCMI = IHSI
SCMID = HITS

TO CONVERT SCMI SHARES TO HITS: (Shares of SCMI/7)

SCMID(HITS) = 6000(scmi)/7 (per press release this is a 1:7 merger)

Total
SCMID(Hits) = 857.142 shares (trading currently
IHSI = 6000 shares
(value to be determined if hold scmid until April 6th)

Hopes this helps...