SI
SI
discoversearch

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.
Non-Tech : InvestRight Club Challenge -- Ignore unavailable to you. Want to Upgrade?


To: RavenCrazy who wrote (1132)3/26/1999 7:34:00 AM
From: Stuart Cole  Respond to of 2662
 
Take a look at HITS, had a reverse 7-1 split and it's now flying.



To: RavenCrazy who wrote (1132)3/26/1999 8:16:00 AM
From: Gator  Read Replies (2) | Respond to of 2662
 
MDIH's intent is to get their stock price high enough for larger market listing. Of course, the risk is to do a reverse and have the stock trickle back down under the minimum price requirement for a larger market listing. With their prices where they are now, they'd have to do about a 1:5 reverse to get up to $3. That would greatly reduce liquidity (only 7.7 million shares outstanding, reverse would bring that under 2 million and the float would be probably a half million or less). Trading would be pretty volatile, but if they followed up quickly with another strong earnings report, they could run the price up, get their listing, and eventually do some forward splits to get everybody back to their original positions.

Gator