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To: fubsy cooter who wrote (1658)5/19/1998 12:30:00 AM
From: Sigmund  Read Replies (2) | Respond to of 2278
 
More shares are available after a reverse split because they have a fixed number authorized. The number authorized does not get changed by the split whereas the number issued decreases by 10 to 1, so they then have more shares available. They could have increased the number authorized but I gather that that is more difficult to do.