Hammer a little help on this please. 5-1 forward stock split - Record date of July 20th. From me it looks like in order to qualify you had to be share holder as of the record date of July 20th. What if you purchased after July 20th? Does todays closing price take into effect the 5-1 split? Early in the day freerealtime had the stock down over 4.00. Now I guess they corrected it and have it up 1.00.
I'm not totally clear on this. If Hammer or someone else could provide an explanation of the above I'd appreciate it. I've pasted todays PR below.
Baz
Ableauctions.com confirms forward share split
KANAGAWA, Japan, July 21 /CNW-PRN/ - Ableauctions.com, Inc. - OTCBB: ABLC (formerly J.B. Financial Services, Inc. - OTCBB: JBFL) (the ''Company''), an Internet acquisition company.
Effective on July 20, 1999 at 5:00 p.m. (Eastern Standard Time)(the ''Record Date''), the Company completed a 5 for 1 forward stock split of the 2,450,000 issued and outstanding shares of Common Stock of the Company. To effect the forward split, the Company declared a share dividend of four shares for each one outstanding share held by the shareholders of record on the Record Date. After giving effect to the forward split, the Company had 12,250,000 shares of common stock issued and outstanding. The forward split was not a share consolidation.
Doug McLeod
SOURCE Ableauctions.com, Inc.
CO: Ableauctions.com, Inc.
ST:
IN: MLM
SU:
07/21/99 23:51 EDT prnewswire.com |
