wade and hweb regarding IPII I think IPII is a good investment right now with that reverse split coming...here are the reasons why....1. PE of about 6 ---2. when they released the news of the reverse split the next day the price moved up .30 cents or 25% on large volume in the weeks after it went even higher if the shares holders did not want it it would have went the other way---3. with the reverse split in place it will trade above 6 bucks which enables mutual funds to buy in according to their charter, just the index funds that must buy in because they will be now on the nazdaq will push this higher---4 the comany has said they have plenty of work due to the hurricans---5 well thats all off the top of my head...the vote passed on Dec 21 but they probably had the votes before that for I voted online they no doubt had the paperwork ready to go I have heard that it take 4-6 weeks so it may happen in the near future and if this crazy market turns around soon which I think it will the timeing may be good there. The price has held up good in the market turn down recently check chart all in all I rate it a buy...
here is the clip from the company.....
The Company intends to apply for listing of its common stock on the NASDAQ Small Cap Market and believes it will meet all the eligibility requirements for initial listing in the NASDAQ Small Cap Market other than the minimum $4.00 per share bid price for its common stock. The Company believes that a reverse stock split, which will result in a higher per share price and corresponding lower number of total shares issued and outstanding at the time of implementation, should help increase the marketability of its stock to a broader range of potential new investors and enable the Company to attain the minimum $4.00 per share bid price for its common stock
Disclaimer IPII is my # 3 holding but would like any views on this matter
Years Teach Us, Which Days Never Knew
