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To: Saracen who wrote (1001)5/6/1999 11:47:00 PM
From: Midwesterner  Read Replies (1) | Respond to of 1261
 
So your sorry solution, and the boards, is to once again roll the stock back so we only have a little over 1 million shares. Then the stock can go up to $1.50. A month later, or maybe only a week, the price plunges under $1.00 again. Then we can roll the stock back again maybe 5 for 1 and get that old price up to over $2-$3. Then watch it go below $1.00 again. Of course at that point we only have 250,000 outstanding shares or so.

You can't keep rolling back a company to keep it afloat. You need a cash flow. You need a positive EPS. Why wasn't this done a loooooongg time ago?

Tell you what, I believe not everything has come out yet. What is going on in Indonesia? Why has all the news dried up there. I know you're reading this Steve. Send me your e-mail address. Let's talk.

By the way Saracen, did you also lose a lot of money with Odyssey like your buddy? Is this where everyone is supposed to get "well"? Guess what! There's going to be a lot of "sick" people shortly I would guess.....



To: Saracen who wrote (1001)5/8/1999 9:49:00 AM
From: Peter G. Troyan  Respond to of 1261
 
The real financial suicide is the rollback...

A post from Saracen #1001
I think that Robinson brings up a very good point when he states:

"....the reality is that there is now a real risk of losing the NASDAQ listing, and because we have gone through this before, if we simply try to push the price up over $1 through buying up the stock, the "pros" (i.e. short sellers, traders, etc.) will work against us, and take advantage of the predicament to sell into our buying. This will make it very difficult, and expensive, to try to maintain the listing that way."

To simply try to boost the stock up over $1, for the sake of preserving the listing, would be financial suicide.

Saracen

What is to stop the short sellers from coming in when the stock is rolled back? It will be at 1.50 to 1.80 and will have no support from the company until it is back to 1.00, the minimum for the Nasdaq listing. At 1.00, it is roughly .33 cents, pre split. Pretty cheap stock then isn't it? This current team in Calgary has had a year to come up with a plan ......I guess the plan is another rollback...The real way to keep the short sellers away and have people like loanshark 99 and the rest of the market buy the stock is for the company to DO SOMETHING to increase value. The clock is ticking....
VOTE NO....A ROLLBACK IS THE FINANCIAL SUICIDE.....

Btw..How expensive is a rollback to current shareholders? These are the people Robinson, Youell, Wilson, and the rest supposedly work for.