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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology -- Ignore unavailable to you. Want to Upgrade?


To: $Mogul who wrote (3561)5/3/1999 10:18:00 PM
From: Savant  Read Replies (1) | Respond to of 18366
 
IMO, I disagree about the Reverse Split. They don't bother me, but the mere thought of them sends most people into paroxysms. In addition, the company said they wouldn't do one until they were profitable, which would take some of the sting out of it. With the contracts that are hinted about, there may not be a need for one anyway. Time will tell.
Best, Savant



To: $Mogul who wrote (3561)5/3/1999 10:43:00 PM
From: Gary Mohilner  Respond to of 18366
 
A reverse stock split should in no way be required if the news that's anticipated comes to pass. The main purpose of a reverse split is normally to get the price to a level where the stock goes or stays on the Nasdaq, or other exchange. With the Intel news the stock could make it to qualifing levels, IBM and others who have been discussed here will make the Nasdaq seek out EDIG's application to prevent the NYSE from going after them.

It's not necessary for the stock to trade in double digits to establish itself as a major player. Once it's moved onto the Nasdaq and traded for a sufficient amount of time it should be marginable, and will be fully marginable if it's above $7. It may take a little longer before you split the stock, but if half of the agreements discussed here come to pass, this won't be a single digit stock for long.

Gary