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Microcap & Penny Stocks : WOWS --> 25:1 FORWARD split just announced
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To: Boob who wrote (42)5/9/1999 12:42:00 AM
From: Jim B   of 78
 
so what happens during May 13th to May18th??? guess we just continue to trade what shares we have..

for ex: on May 12th... you buy 1,000 shares... WOWS closes at say $9/share..

On May13th do we still own 1,000 shares and does the stock still trade at pre-split prices until May19th??

I've never seend a DOR on a split... all shares have to be split..

you can't say, "anyone who buys in before May12th gets 25 for 1 shares come May19th... " implying that those who buy on May13th won't get the 25 to 1...

unless of course that the stock will be haulted after may 12th until they split the shares on the 19th...

anyone care to help clear this thing up... just a little confused by the May12th date... take that away and I understand the split completely.

unless they are saying that the split actually takes place on May12th and we will have 25times more shares than we had May11th.. but the price will not be reflected until may 19th .. thus we can't trade the shares for a few days.. or at least we will only be able to trade the original 1000 shares we started with and will have to wait til May19th before we receive our 24,000 additional shares (1,000 x 25 - original 1,000 shares)

I think I just might have made this more confusing for everyone.. lol

jim

jim
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