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rocky301

08/20/04 5:47 PM

#1874 RE: andtheretheygo #1873

andtheretheygo,

welcome to GTEL I-Hub...glad to see you here...rock

d33c4f

08/20/04 5:52 PM

#1875 RE: andtheretheygo #1873

Possible future r/s thoughts...

It is definately not bs


Please correct me if i'm wrong but a reverse split is mainly used to reduce the size of o/s which enables the company to authorize more shares. So they can extend the authorized shares without having a ridiculous o/s

Or another use would be to achieve price criteria for listing
This could be a possiblilty if gtel wants on the naz small caps

So for the 2nd reason I guess I could see it happening in the short-term. But as for shares, they have about half of their authorized shares to go through before needing more

IMO a r/s would not be a bad thing for gtel if it's going to get them onto the Naz