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william2112

06/20/07 10:20 AM

#250779 RE: WayneC777 #250777

wayne..a copy and paste for you...but it is what is in some cases......and this is how a reverse split can come into play:

reverse takeover

In business, situation where a smaller company takes over a larger one. This may be a company's strategy to avoid a hostile takeover by selling itself to a white knight.

The term is also used to describe the situation where a private company buys a publicly listed company. This is often the most cost-effective method of obtaining a public listing because it avoids the expense associated with a flotation. The private company may reverse in to cash shell, that is a company that is publicly listed but no longer actively trades, having sold off the majority of its assets





...and with the bold print..comes the share restructure....given


.....don't predict anything...........especially 4 months out...poor sample given all that can happen(imo)....have fun!

sinc,

bill
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itrade4profit2

06/20/07 10:22 AM

#250781 RE: WayneC777 #250777

and the key words in this phrase....."No reverse is planned at this time.".....ARE "at this time".....

LOL....anyone who thinks this will not RS in a heartbeat once GGI is finished dumping billions more shares onto the market needs to have their head examined......just watch how fast "plans" get changed at that time!

Yep.....250-300 Million shares in dilution added monthly.....when the shareprice gets even lower, the dilution will increase in order to compensate......

Can't wait for the next sharecount update.....


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gattes12

06/20/07 12:40 PM

#250830 RE: WayneC777 #250777

Wayne those are some very dangerous posts.