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Technology Stocks : Track Data Corporation TRAC -- Ignore unavailable to you. Want to Upgrade?

To: cirrus who wrote (522)	11/21/1999 12:42:00 PM
From: AJ Berger	Read Replies (3) \| Respond to of 2005

Now we know why Barry's been hyping TRAC Dilution coming... look out below! --------------- TRACK DATA ANNOUNCES BOARD APPROVAL OF INCREASE IN AUTHORIZED SHARES New York, New York - November 22, 1999 - Track Data Corporation (Nasdaq NMS: TRAC) announced today that its Board of Directors approved, subject to stockholder approval, an increase in the authorized shares of common stock from the present 60 million to 75 million shares. The recent two-for-one split does not automatically increase the authorized shares. As a result, with more than 31 million shares outstanding, the Company would be unable to effect another stock split (similar to the two-for-one split on November 17) without the aforementioned approval of an increase in the number of authorized shares.