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Re: hellzhub post# 789

Tuesday, 10/23/2007 8:07:48 AM

Tuesday, October 23, 2007 8:07:48 AM

Post# of 7423
My 2cents: I agree with Hellzbub completely. Reverse splits can work well when announced with good news, like an audit and retirement of shares. Like I said before I don't expect either before around Thanksgiving. RS from a company with no revenues are killers, esp when they are 50, 100 or 1000 to 1. Very small RS like less than 5 to 1 from revenue generating companies generally are seen as positive. Too many potential investors never get past 370mm shares and being subpenny to see the potential. It doesn't have a chance with a real investor or someone looking for a stock for a family member. Face it, if you are in this stock you are a gambler hoping for success. Its SUBPENNY! There are too many shares at 157mm shares (not even including the dead shares) for substantial improvement in the stock price. If the company announced a 3:1 RS with good news and it dropped, I would be a buyer for sure as things are coming along fine for a multi bagger. I would even encourage more of a RS like 4 or 5 to 1, then with $10mm in revenue soon, it would certainly be worth quite a bit more. Imagine if we were at .05 and announced a 5 to 1 RS with $8mm in Revenues for '07, don't you think a resulting $.25 share price and 32mm shares would be much more attractive than it is today?
If there is no intention of a RS to help the individual shareholder, then Larry is only building the company for a buyout and you will just have to wait for the price valuation from a buyout.

Also I hope Larry and his family is OK with the fires in San Diego!



My picks are my own and many times wrong, generally looking 3-6 months out

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