Replies to post #59559 on CYduct Diagnostics Inc (CYDX)

[slazenger7]

Of course it could happen! Anyone who has been around pinkies long enough know that R/S's are pulled off by companies with a lot fewer shares in the O/S that SNDY has. I've owned pink sheet stocks that did Reverse Splits with only 200 or 300 million shares in their O/S, so your numbers are really irrelevant as reasoning not to do a R/S.

[BeauBeau]

..again... extremely lame argument.. why would they have performed any of the other Reverse Splits... I mean they made no sense at all!! Right???... RS is done in one way or another to generate more "Free" shares to sell.. very very very few RS are performed by successful companies.. like finding a needle in a haystack.. and the one's that have been found, people hold onto so they can reply to posts like this and attempt to shoot'm down... oh the games we play.. SNDY is simply a failed POS pink that has been allowed to continue for at least a decade after the time it should have been shut down.. IMSHO!! It's all about performing proper DD here.. No Fluff... just the Facts Please!!

[slazenger7]

When a company performs a Reverse Split, they are not required to include the shares in the A/S in the Reverse Split, only in the O/S. So if SNDY does a Reverse Split, their A/S could remain at 950,000,000 but their O/S would be reduced by 1/2000 or 1/5000 or whatever they wanted. Then they would immediately start diluting again. If SNDY wanted to, they could R/S the A/S by say, 1/100, or any number they wanted, and R/S the O/S by 1/5000. So once again, the reasoning you are giving is based on incorrect assumptions.

[November61]

What common sense?????????????

I still remember " FOLLOW THE INSIDERS "

Guess what, from the filings, CEO getting paid 120,000,000 shares a year.

His shares turned into dollar bills, mine and many other shareholders, into toilet paper.

Enough history to be very cautious here.

[BCMarine]

I think with a reverse split, only the outstanding shares are effected. Not positive. Plus, if there were a RS of 1:2000, the share price would be about $4.60, so the market cap doesn't change - immediately.

But all this brings up a good question. What is a realistic price for this company? Assuming the CE mark happens and there is a m/a on the table, how much is the company really worth? Forget number of shares and pps for a moment. Is the company, with it's great technology, worth $50mil, $100mil? Go crazy and say $200mil. If that were the case, the pps would be about $0.24 per share (roughly). I don't see it. The technology is good, but that's all that someone is buying. There's no good will and the current account list must be small based on sales numbers.

In my opinion, a RS now with a pps drop to follow might not be so bad. I know no one wants to hear this, but the company would not get sold for $950,000,000. With a RS of 1:2000, I end up with 1/2000 of my current holdings. The price drops and I can add more at a lower price. Then we would hope the buyout pays more than $4.60 per share, or a realistic amount for the business, such as $40/share (times 475,000 = $20mil). It's the only way the little share holders like me could pick up more shares and really make out in a buy out. Of course, this scenario works for me, but not everyone, which is why it is my opinion only.

[anian]

You could buy all the SNDY commons you want and still not get a controlling interest over preferred.