Someone mentioned a 4 for 1 was not possible, why? 172,000,000 x 4 = 688,000,000 shares, which still leaves 62,000,000 shares for later use. Doesn't this make a 4 for 1 possible?
No. According to the 10-K,
sec.gov
"Shares Reserved for Issuance. The Company had a total of approximately 40,245,000 shares of common stock reserved as of December 26, 1999 for issuance related to our Convertible Subordinated Notes, the employee stock option plans, the ESPP and the restricted stock awards."
That's in addition to the 152,006,873 shares it says were outstanding on February 28.
According to the 10-Q,
sec.gov
there were 153,192,460 shares outstanding on April 14.
Finally, according to the Proxy Statement,
sec.gov
the business at the original shareholders meeting on April 27 included,
"Approve an increase in the number of shares authorized to be issued under the Advanced Micro Devices, Inc. 1996 Stock Incentive Plan by 7,250,000 shares,..."
Now 153 million + 40 million + 7 million = 200 million shares...no 4 for 1 split.
And don't neglect to review this:
Message 13512196 |
