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frogdreaming

04/26/05 3:57 PM

#25012 RE: Miss Scarlet #25009

Miss Scarlet, The reverse split, on its own, is not so serious. Although it has a negative perception it is in reality only an accounting exercise.

The disturbing part of the announcement relates to the r/s NOT applying to the Authorized Share count.

The completion of the plan will result in a number of shares in play after the r/s that is equivalent to 28 Billion shares prior to the r/s.

That is a staggering consequence.

regards,
frog