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Drano

04/12/12 8:57 AM

#42881 RE: asuato #42880

And that is exactly why we need the reverse split. 4500 of us small investors -- if you believe in the law of supply and demand, if the share price is reverse-split to above 5, mutual funds can buy stock. The will be investing several hundred thousand dollars at a time -- they have the cash to buy 20000 five-dollar shares in a trade. If they want stock, they have to buy from someone. They will have to pay up to get someone to sell it so the stock price will go up. R/S is good for current shareholders. Unlike most reverse splits, this is not a desperate attempt to keep a Nasdaq listing -- it's a way to get the financial house in order to GET the initial listing.
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PennyNK

04/12/12 6:16 PM

#42921 RE: asuato #42880

Yep, I hear ya' I'm just under 20K myself. Bit by bit. Next pay and tax money should help me get there or close enough. Bit by Bit. IF this goes mega wild, we'll have SOME kind of relief! I've just always felt like this could really help me get over the hump. I now look forward to trading some and having a core. Should have done it all along. But I hope it comes before the R/S and I'll be just fine w/the outcome. Let's hope and pray. GLTUA PennyNK