How many times did franklin forward split their stock in the last seven years ???? See the table below. These figures are taken from franklin's S-1 filed 4/9/97.
Weighted average number of shares outstanding.
1992 = 5,661,512
1993 = 5,736,512
1994 = 5,753,589
1995 = 6,475,894
1996 = 10,279,281
>>>>>>During the year ended June 30, 1994, the Company declared a 1-for-10 reverse stock split. Accordingly, all share and per share information has been retroactively restated to reflect the reverse split. The Company has not declared dividends since its inception.
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The figures below were taken from franklin's filing of their 10Q 4/29/99 for the quarter ending 3/31/99.
Weighted average number of common shares outstanding = 25,858,081.
I would hope that the 25,858,081 shares are including the recent 6,254,000 shares recently registered, but frankly I am not sure if they are.
My question to you again is, how many forward stock splits during the past seven years have there been.
I refer you again to Mr. Roger Bass's eloquent explanation regarding diluted shares.
exchange2000.com
exchange2000.com
I do know one thing for sure, when, in the stocks that I do own, the shares outstanding continue to increase, I want to see forward stock splits along with a rising share price. IMO, that is the only way an increase in shares outstanding is justified. |
