LTX-Credence Corporation (LTXC)

[trade2much]

Jer: "Dave Tacelli, chief executive officer and president, commented, "We believe this transaction will broaden LTX-Credence's appeal to institutional investors, and reduce transaction costs and certain administrative expenses. Moreover, the reverse split comes at a time when LTX-Credence's strategic execution and focus on fundamentals are strengthening the company's financial and competitive position, thereby enhancing long-term shareholder value."


That is a very nice, and a rather unusual, reason for a penny stock to do an R/S, refreshing to say the least. It sure looks as though it is the real goal, and I am very pleased about that it is in agreement with the other fundamentals I saw.

Thanks much for your reply;