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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (64575)	9/15/2003 3:50:17 AM
From: Stock Farmer	Respond to of 77400

Don, You don't have the analogy correct. Assume you are the shareholder and I am the management of the company. Me issuing stock is not equivalent to me issuing a check on my account. It is equivalent to me using the Power of Attorney that you have granted me and writing a check on your account! Of course, these are special checks where the amount on the face is a formula that depends on the number of checks outstanding at the time the check is presented to be cancelled... but in the end the effect is the same. Every time I write one of these "free" checks, your wealth is diminished. How generous of you to allow me to write them indiscriminately to my friends and family.