Lois, You are amazing. You posted the info here yesterday that they were meeting to autherize a split, and they did. I was long from yesterday, and bought some more today before the huge runup. Thank you for your diligence. The info was here for everyone. Great Thread!
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To: chirodoc (6197 )
From: Lois R Monday, Dec 29 1997 7:19PM EST
Reply # of 6297
From Patterson's DEFS14A report from Edgars (Dec. 8, 1997)
Notice is hereby given that a Special Meeting of Stockholders (the "Meeting") of Patterson Energy, In etc............Tuesday, Dec. 30, 1997 10:00 A.M. local time, for the following purposes:
1) To consider and vote upon a proposal to amend Patterson's Restated Certificate of Inc. to increase its authorized Common Stock from 18,000,000 shares to 50,000,000 shares, with a significant number of the increased shares being used to effect a two-for-one stock split of the Co.'s Common Stock payable through a stock dividend........
SNYDER, Texas--(BUSINESS WIRE)--Dec. 30, 1997--Patterson Energy, Inc. (NASDAQ/NM: PTEN) announced today that the Board of Directors of Patterson has approved a 2-for-1 stock split of its Common Stock, $.01 Par Value, to stockholders of record on January 9, 1998, to be distributed on January 23, 1998. As a result of the stock split, each stockholder of Patterson will receive an additional share of Common Stock for each share owned on the record date. Based on the number of shares of Common Stock currently outstanding (15,764,846 shares), the number of shares of Common Stock to be outstanding on the distribution date (January 23, 1998) will be 31,529,692
shares.
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