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[QUOTE]Originally posted by DivotDog: [QB] coppied from ihub Posted by Dallas66tx on Raging Bull: By: dallas66tx 05 Aug 2006, 06:41 PM EDT Msg. 12621 of 12621 (This msg. is a reply to 12619 by bobbybdb011.) Jump to msg. # bobby: 1,000,000 JPHC shares 1,000,000 X .46232 for PAIV ratio = 462320 PAIV shares. R/S conversion to PAVC 462320/200 = 2311.6 PAVC shares. To answer your second question, yes, it will eliminate a lot of penny stock traders. That will be because of the pps alone. Next, this is NOT a newly formed penny stock. What we are going through currently is a transitional period by the company to move up to the nasd/amex. By lowering the A/S and O/S it makes the company more viable and attractive to the bigger investors that don't consider pinksheet/otcbb stocks. It also puts the company in compliance with the minimum pps requirements by both exchanges. I agree that an R/S is more often than not a death blow for penny stocks, but one must consider the REASON for the R/S. Yes, it reduces the quantity of shares shorty has to cover, but it also reduces the liquidity of available shares shorty has to compete for. Also, financials will be out soon, and I do know management has been planning this for some time as a part of a progressive move to the bigger boards. They didn't R/S just to have something to do...they have a purpose, and that purpose is compliance with moving to the nasd/amex. Ohhh...and shorty IS NOT off the hook...they, or their brokers HAVE to cover those phantom shares. I own a nice chunk of those shares, as well as others in my investment group...and they aren't going to be cheap. GLT [/QB][/QUOTE]
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