Two reverse splits..........
On Monday, 4/8 two companies are scheduled to R/S
MMHD(changing to MMHG),,,,,,, 1:100 R/S
CALA(changing to CALI)....... 1:5 R/S
MMHD, doing the 1:100 R/S as part of the R/M with Midwest Merger Management, is currently .11 with an OS of only 18M
........(please double-check these numbers.....hard to believe..:)
Of the 18M OS, 12M is being issued to shareholders of Midwest.
After the R/S post-split trading should be around $11.00 with an OS of only 180K and a float of about 60K
IMO, incredible!.....If there is the usual post-split selloff, it should move VERY fast.
CALA. doing the 1:5 R/S to qualify for a NAZ listing,(they claim)
current OS is 15.9M,(3.175M post-split)
Trading at 1.27 the post split trading price should be about $6.00
The split announcement came at about 1.19 pps, but it appears that insider leaks had driven the price up from about .26
The truth of this split seems to be in the activities over the past year or so.
They have had to close offices and lay off many employees.
they're in trouble.
If this can be a good short play or not will depend on how low the price drops post-split........
(as usual...JMHO and other opinions are appreciated)
"Aim low Sheriff...They're ride'n snakes"
as usual...JMHO..SMD
