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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (60976)	8/26/1998 10:30:00 AM
From: PAL	Read Replies (1) \| Respond to of 176387

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). The question is that between the above two dates, the holder of record (August 28) is the seller. In the case the seller actually holds the certificate, Dell transfer agent will issue additional shares to the seller. Should the stock be sold on a pre-split basis (8/31 to 9/4), and the seller is unable/unwilling to deliver the additional shares, how will the broker handle this transaction? Just debit the seller account, buy the split shares and give it to the buyer? Should "Buyer Beware" between those two dates? Is there any study that volumes drop between record date and delivery date for a split becuase that uncertainty? Regards, Paul