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To: Buffalo Bob who wrote (2092)1/9/1999 1:31:00 AM
From: Chuzzlewit  Respond to of 41369
 
Thanks Bob, here it is:

The Company also reported that, at its Annual Meeting of Stockholders on Wednesday, October 21, 1998, stockholders approved an amendment to the Company's Restated Certificate of Incorporation, increasing the authorized number of shares of common stock from 600 million to 1.8 billion.

Odd that there was no mention of this in the 10-Q

TTFN,
CTC



To: Buffalo Bob who wrote (2092)1/9/1999 8:26:00 AM
From: tang  Respond to of 41369
 
Thanks, Bob. 1.8 billion shares = 4.5 million shares x 2 x 2, so it means there are rooms for two 2-for-1 splits allowed until new approval. A 3-for-1 makes a messy math.



To: Buffalo Bob who wrote (2092)1/9/1999 9:28:00 AM
From: robert duke  Read Replies (1) | Respond to of 41369
 
This is the information we have been looking for.

I told all of you that I was not crazy.

The Company also reported that, at its Annual Meeting of Stockholders on Wednesday, October 21, 1998, stockholders approved an amendment to the Company's Restated Certificate of Incorporation, increasing the authorized number of shares of common stock from 600 million to 1.8 billion.

So I think we could see a 3-1 with any trouble. But a 4-1 would be difficult to achieve. But 3-1 is still fine.