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To: PAL who wrote (60924)8/25/1998 10:46:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 176387
 
So if you buy between Aug 31 and Sept 4, the seller gets the extra shares.

No. Shares will trade on a presplit basis until Sept 4. Between Aug 31 and Sept 4 split shares will trade with the designation wi (when issues).

TTFN,
CTC



To: PAL who wrote (60924)8/26/1998 10:02:00 AM
From: TigerPaw  Respond to of 176387
 
OT SplitIf he is out of the country and not sending the new the shares to the broker would not the buyer be ... upset?
I'm not sure how all brokerages handle this, but when I have had actual certificates I could not sell them on the stock exchange unless I delivered the certificate at the time I placed it up for sale (since I was not authorized to sell short). If this is a private transaction between parties then it may be buyer beware.
TP



To: PAL who wrote (60924)8/26/1998 11:17:00 PM
From: CRICKET  Respond to of 176387
 
Pal,
The seller of shares between Aug. 28 and Sept. 4 must have his shares delivered to brokerage house before he can sell them. He's already sent them in. He gets no extra shares.

Cricket