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Re: Bull Trader post# 119583

Saturday, 03/10/2007 12:04:10 PM

Saturday, March 10, 2007 12:04:10 PM

Post# of 286898
The post you responded to was absolutely correct on the date it was posted. Check the filings.

Now as far as the change to the 1:20 reverse split, you can believe their filing or you can believe the Naz/NASD and the Daily List as to whether it's been done.

I choose to believe the latter.

Companies consistently get these things wrong by thinking the record date they set is the date that counts...it's not.

If the R/S had taken place on the 7th, the MM's would have split adjusted the price on the 8th. They didn't and they won't until whatever Ex Dividend Date is set by Naz or NASD.

QKBY        open      high     low     close    change       volume             
03/09/07 0.0080 0.0300 0.0080 0.0300 +0.0300 3,048,571
03/08/07 0.0000 0.0080 0.0060 0.0000 -0.0060 0
03/07/07 0.0060 0.0060 0.0060 0.0060 +0.0010 11,867
03/06/07 0.0060 0.0060 0.0050 0.0050 +0.0050 250,000
03/05/07 0.0000 0.0060 0.0050 0.0000 +0.0000 0
03/02/07 0.0000 0.0060 0.0050 0.0000 +0.0000 0
03/01/07 0.0000 0.0060 0.0040 0.0000 +0.0000 0
02/28/07 0.0000 0.0060 0.0030 0.0000 +0.0000 0
02/27/07 0.0000 0.0050 0.0030 0.0000 -0.0030 0
02/26/07 0.0030 0.0030 0.0030 0.0030 +0.0000 60,001
02/23/07 0.0030 0.0030 0.0030 0.0030 -0.0020 70,000
02/22/07 0.0060 0.0070 0.0030 0.0050 -0.0010 871,978
02/21/07 0.0010 0.0060 0.0006 0.0060 +0.0040 640,000
02/20/07 0.0150 0.0150 0.0011 0.0020 -0.0100 837,906
02/16/07 0.0500 0.0500 0.0120 0.0120 -0.0380 88,000
02/15/07 0.1500 0.1500 0.0500 0.0500 -0.1000 50,000
02/13/07 0.1500 0.1500 0.1500 0.1500 +0.0000 100


However, having said all that, it wouldn't be the first time I've seen the silly regulators allow a split to be backdated.

Katie Gold comes to mind where they had clearly not followed Section 10-17B and the SEC overruled NASD and allowed them to backdate a forward split.


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