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Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire! -- Ignore unavailable to you. Want to Upgrade?

To: KZAP who wrote (2859)	5/24/1999 7:52:00 PM
From: SusieQ	Read Replies (2) \| Respond to of 3584

Good questions. Do you know who has the best contact with the company? Or I could call them to see what their plans are. What cha think of the Albertson deal? Susie

To: KZAP who wrote (2859)	5/24/1999 9:11:00 PM
From: Old Stock Collector	Read Replies (3) \| Respond to of 3584

However, there are a couple of things I wonder about. Will management report and stay on the OTC:bb or will they fall to the pink sheets? Please don't mention a Reverse Split or you may get chewd out like I was. <LOL> It will cause a shake out. A reverse split will only lower the amount of shares while causing the stock to back to it original level. But a RS 1 for 10 would give MDMI about 4,500,000 shares outstanding & float of only 570,000 shares. At the same time it would get the shares only up to $1.25 @ this .125 level. But if the stock got up to .55 it would give MDMI $5.50 stock prive and if it could hould it it could get listed on NASDAQ. The good question is will MDMI ever file that 10k it has said it will for the last couple years? If they do the stock will do fine. <<<<And, with there being 45+ million shares outstanding, when will MDMI do a RS to get the share count down to a more reasonable level? For them to be listed on the Nasdaq, they will need a share price of $5. With the current O/S that would give MDMI a market cap of 225 million+ bucks. So, a 1 for 10 RS would make a more reasonable amount of O/S shares and getting the stock price to 5 bucks from there would be much easier. JMO>>>> Now as far as I know MDMI is not doing a reverse so don't anybody think it is & don't worry be happy.