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To: VFD who wrote (3224)10/29/1998 10:33:00 PM
From: Khris Vogel  Read Replies (1) | Respond to of 17183
 
Guys .... I thought this had been mentioned many, many times before - the co. does not have enough shares authorized and unissued to facilitate a split. They would need to seek shareholder approval to increase the # of shares before they could declare a split.

And one would think that they would not go to the expense of a proxy process just for that purpose alone, so it'll be probably included w/ the proxy for the annual meeting next spring.

If anyone feels different, please say so. But I think that the first paragraph above says it all. Believe me, I wouldn't mind seeing another 2:1 split, but I don't see it happening anytime soon.



To: VFD who wrote (3224)10/30/1998 5:39:00 AM
From: JDN  Read Replies (1) | Respond to of 17183
 
Dear Diego: Providing the company has enough authorized unissued shares they can do it any time. Otherwise if additional authorized shares are necessary Companies generally await the annual proxy and shareholders meeting so as to not have to go to the expense of soliciting proxies for a single item. However, as we draw near to year end, I see no problem with them ANNOUNCING that they intend to split the stock (subject to shareholder approval if insufficient shares are available). The mere announcement usually sufficies for my purposes at least. haha. JDN