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To: ravi nair who wrote (17100)9/15/1998 9:59:00 PM
From: JadooGaar  Respond to of 77400
 
Well ... he just needs to hold his shares little more to have another
3 for 2 split ... does it answer your question ?

regards

Jadoo aka magician ... poof poof

>>Odd number of shares
>>What happens if someone has an odd number of shares in a 3 for 2
>>split scenario?

>>--ravi



To: ravi nair who wrote (17100)9/16/1998 12:32:00 AM
From: Gerald Walls  Respond to of 77400
 
What happens if someone has an odd number of shares in a 3 for 2
split scenario?

Normally fractional shares are cashed out. Then you have to say on your taxes that you sold half a share at whatever price you're cashed out at, compute the basis for that one half share, and you need to track the reduction in your cost basis for the rest of the shares. A pain in the ass is what it is.


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