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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 -- Ignore unavailable to you. Want to Upgrade?

To: Wait And See who wrote (2037)	1/15/1999 3:04:00 PM
From: Eman03	Read Replies (2) \| Respond to of 5541

<<The shares authorized is how many can be issued under current conditions. I do not know there are mandatory rules to adjust that number proportionately for splits in either direction. I doubt that a company that performs a normal split suddenly exceeds its shares authorized, but rather the number is adjusted proportionate the original basis share and ratio of the split. >> That is exactly what happens. I am also an owner of Lucent, and in their proxy, they are asking for approval to increase the allowed number of outstanding shares. They need this both to support their purchases of other companies AS WELL AS SPLITS. They want to split, but they can't until they get approval for more shares.