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To: Bottom Line who wrote (5793)4/23/1998 8:32:00 AM
From: Jeffrey S. Mitchell  Respond to of 10786
 
ALYD filed their Pre 14A form on 4/20, one month prior to the 5/22 shareholders meeting. If they didn't file the form then the shareholders would not be able to vote on it. If the shareholders had nothing to vote on and the stock shoots up like we all expect, ALYD would have no shares with which to do a split. If you want to speculate they'll use the shares to distribute freely to friends and relatives then that's your prerogative. But, the bottom line is that this wasn't timed to the stock price it was timed to the meeting.

- Jeff