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imanjen13

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imanjen13

Re: christoba post# 28568

Sunday, 01/11/2009 7:15:09 PM

Sunday, January 11, 2009 7:15:09 PM

Post# of 42867
Before you give such sagacious advice it might be important to understand what a reverse split is. If you have 5 million shares that you bought for $500 at .0001 and the comapany does a 2000 to 1 reverse split as you suggest, you would have a total of 2500 shares not a billion and the stock would be priced at 20 cents bid(2000 X .0001).By the way, the announcement that the company wants to buy back the shares in the open market indicates that the company is not looking to reduce the outstanding shares via a reverse split.Good luck and thanks for your input.
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