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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (2299)1/10/1998 11:09:00 AM
From: Harold   of 12617
 
I hope this is not too much off topic. Could you or All explain the following to me:
I own CFRAY yesterday I received a courtesy call from my brokerage house telling me that they will have a 10 for 1 reverse split If I accept it I have to call them by January 21st ?? if I don't accept it I don't need to call. Does this mean if I don't call I keep my shares and don't participate in the 10/1 split? this does not make sense. Before when a stock split I never had any choice ???but to accept it.
Would appreciate your and All's explanation.
Harold
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