XLA or SCF from Mass. to Burmuda Message Board

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Technology Stocks : XLA or SCF from Mass. to Burmuda

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To: H James Morris who wrote (403)	4/25/2000 3:15:00 PM
From: paulmcg0	Read Replies (1) of 1116

"Isn't XLA float about to bloat again soon?" Yes, they did indeed vote to increase the number of shares to 400 million at their meeting a couple of weeks ago. The massive dilution is mentioned in this link: biz.yahoo.com . So, let's see -- currently there are about 53 million shares of XLA outstanding, with a float of 12 million, they are doing a stock split and they will be authorized to have 400 million shares, even though they only need 106 million shares for the split. Also, I could not find any financial reports for XLA on the SEC Web site at sec.gov . I am noticing a peculiar resemblance to certain OTC BB "pump and dumps" of the past...

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