Zeem, just to be sure you understand, there is not a split set for July. All that is for sure is that the Company is increasing the number of outstanding shares to 3 bln from 1 bln. Now, of course, one would assume that a split is soon (or immediately) to follow, but don't count on an immediate split.
BTW, forget the 3-for-1. It has always gone 2-for-1, and the authorization will allow for two of them, whereas it would only allow for one 3-for-1. Also, eventhough the authorization goes from 1 to 3 bln, there are only about 750 mln (more or less) issued shares, currently. One two-fer takes that to 1.5 bln, and another to 3 bln.
Buybacks will be crucial to keep the dilution from overtaking the available unauthorized shares.
LoD |
