International Internet (IINN) Message Board

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Microcap & Penny Stocks : International Internet (IINN)

IINN 1.130

+4.1%

Dec 1 3:59 PM EST

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To: Rock_nj who wrote (83)	8/17/1998 7:11:00 PM
From: Scott Phillips	Read Replies (1) of 746

This post is in response to the question of Why the Split - The answer was two-fold. The first is to increase the shareholders' liquidity. If you owned 2,000 shares pre-split your total value was approximately $7,000 at the time of the split. Today you own 200,000 shares at an approximate value of $10,000. ( I'm rounding grossly I know.) The second was the fact that once the split was in affect, every share had to be accounted for. Any shorts out in the market had to cover in order to present their stock for the additional split shares. I believe that a large part of the run from 1.75 to 3.50 was from the frenzy created once volume jumped to cover any short positions out there. This last piece is only my personal opinion based on the stock activity at that time. I cannot prove it of course and this is not the company's opinion.

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