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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (27440)	7/27/2002 4:31:20 PM
From: Sr K	Respond to of 28311

Thanks. I thought: A company’s board of directors may declare a reverse stock split without shareholder approval. Although the SEC has authority over a broad range of corporate activity, state corporate law and a company’s articles of incorporation and by-laws govern reverse stock splits. marketclue.com and I thought the origination of that was that the number of shares are already "authorized". For regular splits sometimes shareholders are asked to approve an increase in the authorized shares. It seems good to make a big deal about it, but costly when a company is trying to stay afloat, and slow. A September vote? A lot can happen by then. And with "disclosure" of a proxy statement, I'd be on guard for trickery. Like options or warrants that do not adjust.