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Technology Stocks : Creative Computers(MALL)
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To: drakes353 who wrote (1165)12/7/1998 1:54:00 PM
From: Daniel P. Dwyer  Read Replies (3) of 1634
 
It seems to me that shareholders of Mall were disadvantaged by their own management by not declaring the split for shareholders as of the date of the ipo. There is no incentive to hold Mall. The value of uBid did not redound to the value of Mall, unless the value was discounted many days ago. You say the distribution should occur in the next several months. Why should there be such a guessing game? Its another unnecessary risk for shareholders. x-dividend dates are different from shareholder of record dates. Management should have announced that distributions of .7 shares of uBid for every share of MALL will be made on x date for shareholders of record on y date. That to me would have been preferable. What is management's motivation for doing it the way they did? I do not understand it. But thank you for your clarification.

Dan Dwyer
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