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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (79107)4/6/2000 8:09:00 AM
From: Don Lloyd  Read Replies (2) of 132070
 
MB -

DB 07:56 [QXLC] QXL SAYS SHARE PRICE BEING ADJUSTED ACCORDINGLY TO REFLECT SHARE ISSUE.

biz.yahoo.com

"Wednesday April 5, 1:00 pm Eastern Time
Company Press Release
SOURCE: QXL.com plc
QXL.com plc ('QXL.com' or the 'Company') Bonus Issue of New Ordinary Shares
LONDON, April 5 /PRNewswire/ -- QXL.com plc (Nasdaq: QXLC - news; LSE: QXL.L) today announced that at an Extraordinary General Meeting held on 3 April 2000, the Company's shareholders passed a resolution approving the bonus issue of two Ordinary Shares, nominal value 0.1p each, in QXL.com for every Ordinary Share held in the capital of QXL.com plc on 3 April 2000. Dealings in the 238,621,810 new Ordinary Shares are expected to commence on Thursday, 6 April 2000..."

Someone with a suspicious mind might question what lies behind what appears to be an emergency 3:1 stock split. -g-

Regards, Don
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