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researcher59

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Re: Argyll post# 1267

Monday, 01/10/2005 5:46:35 PM

Monday, January 10, 2005 5:46:35 PM

Post# of 173812
Argyll: IPII reverse split

From my conversation with the CFO, Howard Ehler, this morning, IPII's planned reverse split is contingent upon being accepted for NasdaqSC listing based on all other qualifications. Then they will implement the split and get listed. They don't want to do a reverse split any earlier than they have to, as that event is normally interpretted negatively by the markets, and typically the stock price (adjusted) drops. If the split occurs simultaneously with the NasdaqSC listing, the price should rise instead.
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