SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Sound Works (SOWK) -- Ignore unavailable to you. Want to Upgrade?


To: STOCKWOLF who wrote (162)2/12/1999 9:58:00 PM
From: Tom  Read Replies (1) | Respond to of 582
 
Keep it simple folks.........
If you bought 500 shares yesterday (11th) you have now 2500 total shares. If you bought 100 shares today (12th) you have 100 shares total. The price won't change......whatever the market will let it be that's what it will be on tue. If the price is 1 dollar on tue you will have 2500.- or 100.- depending when you bought your shares.



To: STOCKWOLF who wrote (162)2/13/1999 9:32:00 AM
From: im a survivor  Read Replies (3) | Respond to of 582
 
My educated guess is you now have 2500 shares ( the additional one's are being transfered to you and will show up tues or wed ) at todays close bid = $1.00 ask = 1 9/32 ( who knows where it will open, with all the confusion there could be sellers or buyers lined up)

If it is something other then the above, then something very fishy is going on. The bottom line is IF the cut off date for additional shares was Thurs 11th, then the stock would HAVE to open at the dilluted share price. Anybody buying Fri would either have to be entitled to the split or be entitled to the dilluted split share price. Now, from reading the releases, it states the additional shares will be based on the trade date, not the settle date. That says the people buying Friday don't get the shares. That says the price on friday has to be the dilluted price or this is a scam that is ripping off millions of people. I doubt it's a scam.....so my guess is fridays price was the dilluted price and our accounts and the big boards did not reflect the change in shares, and won't until transfer is complete.

Frankly, I am surprised the company didn't put out another release clarifying this yet again. they already clarified the confusion of split/dividend...you'd think they would clarify al this as well.....

good luck....I am long to stay for awhile