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Hi John,
Doesn't NASDAQ require a certain minimum number of
shares to be listed? I don't know if they do or don't but 1,000,000 shares
sounds awfully low.
Good luck and good trading,
Ray Raffurty
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
John Cappello
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, April 02, 2002 8:24
AM
Subject: [RT] KTWO
Someone recently asked 2 questions. One relative to the
merits of KTWO and the other on how to research a penny stock.Here
is what I did and what I came up with... you of course may have your own
ideas.Most penny stocks are Bulletin Board stocks and have good
message Boards at <A
href="http://www.ragingbull.com";>www.ragingbull.comSure enough
there is one there and the full name of the company is K2 Digital Inc. I
did not totally scan the Board but know of J. Livermpore who posted that a
reverse split was being delayed. You can get 2 weeks free SEC filings from
Edgar by clicking SEC reports. Most of the recent reports are about
people.I then went to Yahoo finance which had a profile on the company
plus lots of info.They lost $1.8 million last year, trades around
$.05 per share and has about 5,000,000 shares out. The reverse split was
expected to be 1 for 5 thus reducing outstanding shares to 1,000,000 and a
possible price of $5 per share assuming same market cap.There does
seem to be something developing at KTWO and the question is what. Most
companies like this need cash and a price of $5 or higher would be one
qualification for Nasdaq listing and a good way to attract venture or
secondary financing.I intend to keep it on my Watch
List.Sincerely,JohnTo
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