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Microcap & Penny Stocks : All American Semiconductor (semi) -- Ignore unavailable to you. Want to Upgrade?


To: jeffbas who wrote (835)6/1/1999 7:30:00 PM
From: Harold Feller  Read Replies (1) | Respond to of 952
 
Below is link to 8k filing authorizing the 1 for 5 reverse split of
SEMI's outstanding shares of common stock....

freeedgar.com



To: jeffbas who wrote (835)6/2/1999 7:07:00 AM
From: Steve Misic  Respond to of 952
 
Jeff,

I can read English, and I put a sentence in that stated that a stock is worth what someone else will pay for it. Your 10% of book value statement is therefore wrong as it has nothing to back it up.
I have seen companies with $1.50 in book value sell for $.10 per share. I have seen companies that have yet to make a penny sell for hundreds of dollars a share. Let's drop this for now, and review the progress of SEMI at tax selling. They have done the reverse, and reduced the number of outstanding shares. Now let's see them make money, and lift the price of the stock.

Steve

Don't bother to reply because I won't.