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usafshay

10/04/10 12:28 AM

#107019 RE: Blackknite85 #107018

Never see that!!!! IMO, it's gonna tank as soon as it splits unless he surprises with some outstanding financials.
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OlafKjelldsen

10/04/10 7:34 AM

#107020 RE: Blackknite85 #107018

So say the 1000 to 1 split happens how much would the shares be worth immediately after that?


Immediately after the split they'll be worth 1000X what they are currently worth - and you have 1000X fewer of them. A reverse split in and of itself doesn't change the value of your holdings.

In the absence of something substantial that will sustain the price, I imagine the PPS will drop almost immediately, since some shares have been already trading at .00005, which is the post-split equivalent of .05. The fact that there's negligible volume at this bargain basement price suggests that the price will go down even farther. The company has no apparent value, so even with only 12M+ shares, there's no reason for the shares to hold value.

Unless you want to take the chance that Weber will be able to pull something out of his hat, the safer bet is to try and sell the shares now, while they can't go any lower. I certainly wouldn't take any post-split claims made by Weber or the company at face value. Look out for common penny stock ploys such as product name or design changes, buyout/merger rumors, uplisting talk, management shuffling and unverifiable international distribution.

Selling for less than .10 after the split is the equivalent of selling below .0001 now. I haven't seen anything from Bebevco that would make me want to take that bet.
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scon

10/04/10 1:55 PM

#107035 RE: Blackknite85 #107018

To specificly answer your question, a 1 share for every 1000
share reverse split would make the stock worth ten cents if
stock was trading at .0001 before reverse split, twenty cents
if it was trading at .0002, etc.