Rocky, this morning over on RB, another "word-crime" was committed when the words "reverse split" were once again typed for all to read, this time by a new poster asking for honest opinions. While I can understand why most investors cringe at the thought of a R/S, myself included, I can't understand why so many choose to ignore the possibility of that happening with GTEL? Management has NEVER said never to a R/S, and frankly, I would not be shocked if GTEL announced a R/S in the near future. It's interesting that management has finally applied to the AMEX, even though Huff commented last summer that GTEL could move to the AMEX despite their extremely low pps. If so, why didn't they make that move immediately? Since approval takes a few months, their recent application would take us to the approximate time of the Stratellite testing (March) for an answer from AMEX. If the news is all good between now and then, a pps in the .50 area is not that far-fetched, IMO. If that indeed was the case, a 1 for 10 R/S would take GTEL's pps to $5, and also reduce the O/S to approximately 100 million shares. In my case, that would also reduce my holdings to 40,000 shares. My question is, would all that be that bad a thing to deal with? This totally hypothetical situation has crossed my mind more and more lately, given the AMEX application. Rocky, regardless of Huff's comments last summer, I have never seen an OTCBB stock trading as cheaply as GTEL is now, move to one of the three major exchanges. Never! But at $5? Without question, yes. I owned stock in QCCM that traded on the OTCBB for about .50, then did a 1 for 15 R/S and moved to the AMEX a year or so ago. It now trades as QMM. Having said all this, I'm not sure I'd continue to hold through a R/S with GTEL. Afterall, at .50, my 400K shares would be worth $200K. But at $5, trading on the AMEX, with "only" 100 million O/S, and increasing revenues (and profitability?), I'd certainly have to at least ponder the entire picture and future potential. Opinions? Would a R/S under my scenario cause you to sell? Needless to say, the upcoming days and months are going to get very interesting with regards to GTEL.
AI
