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oldguy

01/12/10 12:38 PM

#2549 RE: nonsequetor #2547

He promised me a year ago if I would buy the stock he would reverse split it. You guys don't know how the game works. First there is the BLUE SKY RULE. Any broker that tells you to buy a stock thats under five dollars is libel for your loss if it goes down. Which means no one will recommend this turkey. There are over fifteen thousand funds. A lot more funds than stocks. In the old days, they would not touch a stock trading at less than five dollars. That has changed now. But they all have diffrent price levels at which they will consider a stock. The higher the price the more funds that will consider the stock. You should be urgeing him to reverse split it. Not trying to break your eggs, just trying to tell you what needs to be done and why.
BEST OF LUCK TO ALL THE OLD GUY