Thursday, February 10, 2005 7:46:16 AM
Yesterday there was all kinds of bs about splits and share counts. Many companies do splits to increase the number of shares out and this tends to drive the price up. Yes, people like having more shares, even though that should not impact the market cap. Reverse splits have negative impact the majority of the time 12 go 18 months after they occur. Many companies have billions of shares out and are owned by insititutions. Even SIRI with no earnings in site for over a year...and 1.7 billion shares out fully diluted, trades at over $5.90.
620 million shares out is no big deal for SCMI/QTIG at this early stage of the revenue growth stage, if in fact they merge on a 1 for 1 basis. Having more shares out can increase the liquidity of the stock which is very important to attracting investors.
Many otcbb stocks are great performing companies. IMO, there is absolutely nothing wrong with being a fully reporting otbcc entity for a year or even longer.
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