Andrew Bryant famous press releases, my nomination for best press release of year
Citron, Inc. to Decide on Possible 2 for 1 Stock Split
Business Wire - January 11, 1999 15:45
LONDON/NEW YORK--(BUSINESS WIRE)--Jan. 11, 1999--The Board of Directors for Citron, Inc. (OTC BB:CTRN), a New York and London based internet marketing company, will decide tomorrow, January 12th, whether or not its publicly traded stock will split 2 for 1.
Citron has 5,100,000 shares outstanding; 1,500,000 shares are restricted with 3,500,000 in the public float. Management has witnessed the trading of Amazon.com (NASDAQ: AMZN) since its stock split, as well as the trading of Yahoo (NASDAQ: YHOO) since they announced theirs. Management believes a 2 for 1 stock split may create a less volatile market.
If management decides on the 2 for 1 split, Citron's 12 month earnings projections would be altered post split from the present projections of .65/share to .32 - .33/ share.
CONTACT: for Citron, Inc.
Andrew Bryant, 706/343.0096
aeb@enterprise.net
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