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Re: mathias1 post# 3977

Saturday, 04/09/2005 5:02:32 PM

Saturday, April 09, 2005 5:02:32 PM

Post# of 130255
If that is the case, Mathias, then it is no wonder that the price per share 'usually' goes back down to what it was 'before' the reverse split. A r/s is apparently a 'great' TOOL for 'MANAGEMENT' to pay for ongoing operations through the sale of its companys' stock, but it would obviously be at the expense of EXISTING shareholders. Thank God, Michaels is a major EXISTING shareholder (if not the majority), otherwise what would stop management (ie., Gannon) from employing it. In other words, I don't think Michaels wants a reverse split anymore than we do, but Gannon, perhaps does. Just a thought...