Ophir Resources Co. (SUFF)

[The_Pink_Lawyer]

Chart (see I-Box) says no dilution. CMF still positive. Accumulation/Distribution and Money Flow Index followed the trading today (both slightly negative on a red day). All points to retail holders selling (and probably at a loss at that). That's the most important aspect to a triple/double zero stock is that no new shares are hitting. INCL looks good for a big run.

Further, I received several PMs (private messages) warning me of an impending reverse split. I'm assuming that the other known shareholders also received the same PM and that was what caused them to sell. The PM claimed that this was due to the reduction of shares at the Nevada SOS.

First, a reverse split is only bad when the O/S is reduced without a corresponding reduction in A/S. In most instances, a pinky scam company will reduce the O/S and then immediately dump new shares up to the exisint A/S. HOWEVER, in INCL's case, they have reduced the A/S to 400 million. In other words, the reduction of O/S and a corresponding reduction in A/S means they have taken away their own ability to dilute. No dilution means a reverse split is not a bad thing in and of itself.

Second, 2.5 billion shares (the current A/S) to 400 million (the new A/S listed in the Neveda SOS) means only a 1:6 reverse split. That ain't bad and, frankly, I've never seen a double/triple zero company reverse split on that low of a ratio. Reverse splits are typicaly at 1:500 or more.

It simply doesn't make sense that: (a) INCL would reverse split at a ratio of 1:6; (b) while having no ability to further dilute after the split.

My conclusion is that a reverse split is unlikely and even if it did reverse, wouldn't be so bad in this instance. Finally, INCL is tied to BEHL, whether rightly or wrongly. BEHL reversed its downtrend today. I would expect INCL to follow BEHL in the near future.