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To: J.N.N. who wrote (3839)5/7/1999 2:21:00 PM
From: chris431  Read Replies (1) | Respond to of 18366
 
"but the thought of that many shares outstanding is a cause for concern for me - and probably many others."

If that "concerns" you, just wait until you see the scatter after a reverse is announced. Reverse splits with companies that have no profits usually spells disaster for the price of the stock. JNN, have you ever owned shares of a non-profitable company that reverses?

Chris



To: J.N.N. who wrote (3839)5/7/1999 3:15:00 PM
From: David A. Dyer  Respond to of 18366
 
J.N.N., why not do a little research and list all the stocks you can find that have done a reverse split. You will probably be able to list all of the ones that did well in a paragraph in one post. On the other hand, the ones that did not do well will probably keep you busy posting for a week.
One example is SYBR, which used to be KRAN, which reverse split about 2 years ago and is currently trading in the $2-$3 range. If the stock ever hits $40 a share, the holders of the pre-reverse shares can break even.