SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: flip who wrote (523)3/20/1998 12:53:00 AM
From: I. Luttichuys  Respond to of 29987
 
It's good news. It's a standard stock split which will have no dilutive effect whatsoever. Splits are a very routine thing.
All they will do is triple the number of shares outstanding and divide the current value of each by three. If there were earnings per share, that would be divided with the stock. There is no effect as far as dilution in anyway. Everyone ends up with the same percentage ownership of the company and the same net value as they had before.
Mr. Schwartz has promised many times to increase the liquidity of the stock as this is in the interest of shareholders... especially larger ones. Also, it makes this stock more friendly to institutions which, as a rule, appreciate liquidity.
BENNETT



To: flip who wrote (523)3/20/1998 1:06:00 AM
From: I. Luttichuys  Read Replies (1) | Respond to of 29987
 
I should emphasize that that report is asking for an increase in the number of authorized shares by a factor of three which isn't the exact same thing as announcing a 3 for 1 stock split, but that's certainly what it appears to be.
PS: Hold on a sec... you attended Cal Poly? I just graduated from there recently.
Strange... we may even have met. Depending, of course, on when it was that you were there.
BENNETT


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News