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wjlknew

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wjlknew

Re: wjlknew post# 8624

Wednesday, 03/05/2008 6:18:23 PM

Wednesday, March 05, 2008 6:18:23 PM

Post# of 19309
The only positive reason I can see for a RS would to adjust the share price to accomodate a merger of some sort.

For example, a 1:3 RS would put GTCB pps at approximately $1.80 based on today's close. Coincidentally, PHARM.AS pps closed today at approximately 1.20 euros = approximately $1.80. If a proposal is forthcoming for shareholder approval, it could very well be predicated on today's closing pps for both stocks ... and word could leak.

I am not suggesting this is the case, but it is an example.
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