SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Apple Inc.
AAPL 259.06-0.5%Jan 8 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Keith Feral who wrote (92721)2/26/2010 11:30:55 PM
From: Pete_Y_484 Recommendations  Read Replies (3) of 213181
 
If they did a split, it would just increase the number of authorized shares from 1.8 million. Since they won't be issuing any new shares, they don't need shareholder approval.

This is wrong on two counts.

1) Authorized shares are just that, authorized shares by the stockholders. The stockholders have to authorized any increase in authorized shares. It's a finite number, not a ratio.

2) Of course they have to issue new shares. Where does the increase in stockholder shares come from? They are real shares and they come from being issued by the company. The stock exchange is picky that way. Again, ratio doesn't count.

During the last request for increase in authorized shares, Apple appeared to have plenty for a 2:1 stock split. Over the years stock options and restricted stock issues have taken away enough shares so that today there are not enough unissued shares to cover a 2:1 split along with covering all of the options on the books.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News