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Technology Stocks : Information Architects (IARC): E-Commerce & EIP
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To: Jeffrey S. Mitchell who wrote (5819)4/24/1998 1:52:00 PM
From: Captain Jack   of 10786
 
Jeff-- to issue additional shares to do a split makes sense ONLY after the stock has appreciated over a short term and is not in a downward slide. Also, that should be the stated reason to request additional shares not to say one thing in order to do another--- more credibility loss is the result. Why would anyone want a split at this level to see the stock under $9? What can the agenda be? It sure is of zero benefit to shareholders now for anyreason---if next year nothing stupid happens and earnings rise so the stock price is over 34 there is a reason. That would cause some short term volatility but be positive in the long run--- at this time and at this level even a split makes no sense.
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