Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 -- Ignore unavailable to you. Want to Upgrade?

To: Osiris who wrote (3267)	5/13/1999 10:21:00 PM
From: Stephen Goldfarb	Read Replies (2) \| Respond to of 5541

I cannot say with certainty whether the company will have a reverse split. My understanding, however, is that it has been discussed by the company. An issue regarding a reverse split, if one should occur, is how to do it without causing further price erosion from the new, post-split price. One scenario is only to do a reverse split when there is positive news and/or earnings momentum. That is, if the price is showing progression, then that progression has a higher probability of continuing following the split. If the company is in the doldrums pre-split, then the likelihood is that price will disintegrate from its post split price. My assumption is that even if a reverse split is contemplated, if it is timed correctly it will not harm the interests of shareholders. It is conceivable that a reduced "float" might aid price appreciation if positive company developments continue. Steve