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Microcap & Penny Stocks : Sound Works (SOWK)
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To: STOCKWOLF who wrote (162)2/13/1999 9:32:00 AM
From: im a survivor  Read Replies (3) of 582
 
My educated guess is you now have 2500 shares ( the additional one's are being transfered to you and will show up tues or wed ) at todays close bid = $1.00 ask = 1 9/32 ( who knows where it will open, with all the confusion there could be sellers or buyers lined up)

If it is something other then the above, then something very fishy is going on. The bottom line is IF the cut off date for additional shares was Thurs 11th, then the stock would HAVE to open at the dilluted share price. Anybody buying Fri would either have to be entitled to the split or be entitled to the dilluted split share price. Now, from reading the releases, it states the additional shares will be based on the trade date, not the settle date. That says the people buying Friday don't get the shares. That says the price on friday has to be the dilluted price or this is a scam that is ripping off millions of people. I doubt it's a scam.....so my guess is fridays price was the dilluted price and our accounts and the big boards did not reflect the change in shares, and won't until transfer is complete.

Frankly, I am surprised the company didn't put out another release clarifying this yet again. they already clarified the confusion of split/dividend...you'd think they would clarify al this as well.....

good luck....I am long to stay for awhile
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