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DiamondWholesaler

04/30/07 11:39 PM

#5900 RE: Vance #5897

I agree with you Vance, I kinda figured that they would reverse split. I'm glad they didn't say you get 1 new share for every thousand, if that would have happened I would have called this a bust. You are right that it might go down again to the sub-penny, but I'm not so sure. They need to attract investors, and if after a split this stock starts it's way back down to the sub-penny area then it would have been a waste of time on there part. This stock would be a yo-yo and open them up to fraud, imagine reverse split to penny level then a month later back down to sub-penny. Then six months later another reverse split and it starts all over again. Theres only so many times you can do that and open yourself up to being sued or looked at by the SEC. I think that they are going to try to keep this above the sub-penny.

I'm kinda conflicted because I don't know if I should buy at least 1 million shares at this price before the reverse split this friday or wait and see if your predictions vance come true and buy in the subpenny dip.