I believe that there is a substantial probability that due to policy of some financing entities, sometime during the money-raising process TDC may have a reverse split, or rollback as it is called these days. The dollar stock price level seems to be an unofficial floor for some institutions, especially if there is an equity component involved.

I know that this tends to be an emotion-raising subject but please calmly think about it. If you were to own 1% of a company what difference does it make if you own 4 million out of 400 million outstanding, or 1 share out of 100 shares? The argument I hear most often decrying a rollback is that most companies that do it fail. But my point it's not because of the rollback; it's because of what happened prior to the reverse split that put a company in a bad situation long before the rollback. The rollback is just a means to a financing end. And some companies like the mighty AT&T have thrived after a 10:1 reverse split and subsequent stock offering. It's all psychological IMHO.

Don't be surprised. And don't reject it offhand please.

Strike