Sovereign Exploration Associates (fka SVXP)

[ozone_park]

By: tagzenstone
13 Jan 2006, 07:25 PM EST
Msg. 714257 of 714312

re:SVXP - I feel sorry for those who panicked and sold today regarding the pending 1/1000 reverse stock split scheduled for Tuesday, January 17th - here's why >>>

Does anyone recall GMCI ?? Did also just did a 1/1000 reverse stock split effective January 11, 2006 with the new ticker being GMOC. When GMCI closed on January 10th, it was .0002. When it opened for trading as GMOC on January 11th, price automatically converted to .20 (.0002 x 1000) ... today it closed at .90 !!! That's a 350% INCREASE IN JUST 3 DAYS - from January 11th thru today !!

I see the same scenario happening with SVXP --> SVXA next week. SVXP closed at .001, so when trading commences on Tuesday, January 17th, the new symbol will be SVXA and the price conversion will open up at $1.00 (.001 x 1000).

Don't be surprised if SVXA trades over $5.00 within a week's time because that is when Institutional Funds/Investors are able to purchase shares per their small cap guidelines. Think about it ... why do you think all of the Insider Buying took place over the last 30+ days????

No company insider buys shares in anticipation of losing all their money!!

GLTA

Remember, Monday is a holiday so markets are closed.

http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB00412&read=714257