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Technology Stocks : CMGI What is the latest news on this stock?
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To: sunny who wrote (17173)3/13/2000 4:35:00 PM
From: Sowbug   of 19700
 
there's a requirement for additional shares every time a stock splits. assuming there are 300 mio. shares total outstanding a 2 for 1 would require at least 600 mio. authorized.

In practical terms, that's a rubber stamp requirement.

The board can vote "Split 2 for 1 contingent on approval of increase in number of authorized shares," and then in the next breath vote "Increase number of authorized shares."
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