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Microcap & Penny Stocks : International Automated Systems
IAUS 0.04000.0%Jul 8 5:00 PM EST

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To: Mitch Aunger who wrote (47)6/1/1996 6:26:00 PM
From: acell bown   of 7618
 
Obviously we would all like to see a 10 to 1 split. This would provide 10 times as many shares in the float and probably narrow the spread considerably. Also it would get the price down to a reasonable number. But before that could happen Iaus would have to make a SEC filing for at least an additional 135 million shares. Maybe I'm wrong here but I haven"t seen any notice of that on Edger. If anyone has seen anything let us know.

If Iaus has filed for additional shares then we can probably expect some sort of split. I do recall that they may have enough shares authorized to make a 2 for 1 split, however. If anyone has the exact number of shares authorized and the number outstanding I would appreciated knowing.

Just a thought: Never let the demands of tomorow interfer with the pleasures of today

ace
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