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Re: MELI post# 199

Thursday, 12/02/2004 4:40:51 PM

Thursday, December 02, 2004 4:40:51 PM

Post# of 222
Meli.. Thanks for the info, I think. One for 900?? Wow. That is the steepest I ever saw or been part of. When I saw today's closing of 0.0003 I thought I would average down. How could they pass this without a stockholder vote? Do the insiders own that many shares? If they do, that is a positive because they are taking a 1 for 900 hit also.
I hope you are still on the airwaves and know some answers to the questions so I know what to do tomorrow morning. When does it become effective, do you know? Is my math okay that we would then trade at $2.70 per share?
Chucker

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