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To: Wayne Rumball who wrote (2010)3/9/1999 6:27:00 PM
From: Can Do Stocks 2  Read Replies (1) | Respond to of 13776
 
My broker said to wait till the am and we should see the
split then. He said that it should have been 2 for 1 on todays
open but there was some confusion ... So I think we are up
about a buck or so a share...X2 :-)



To: Wayne Rumball who wrote (2010)3/9/1999 11:33:00 PM
From: lightfoot  Respond to of 13776
 
<RE: Splits> I just had a conversation with my broker today on this. He enlightened me on how it impacted me on ITNF. The company announced a split and gave a date, but it was the shareholders of record date and not the actual split date. Of course I didn't know ahead of time until I called my broker to question the number of shares and he did some checking and found out the split date was actually three weeks away! I noticed that three dates are noted on the NASDAQ site for the stocks that split. According to my broker the only date that matters in terms of the number of shares is the actual split date. If there is a dividend associated with the split then you would want to be in on the record date. It seems on the OTC that splits can be used to pump the stock price well before the actual split takes place. And the OTC site does not distinguish between the record date and the actual split date the way NASDAQ does. I guess that has to do with the reporting qualities of the OTC. And if the company wants to release a haphazard news release with only the shareholders of record date. The only way to find out is from a broker or the company. All in all just another risk of OTC trading.

RE YBET/YBETD, there was a small note in the corner that said it would trade as YBET for 1 day!