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Technology Stocks : New Era of Networks (NEON) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Richmond who wrote (317)	4/1/1999 11:36:00 PM
From: Ed Richmond	Respond to of 1222

What I forgot to say was that a company can declare a split, contingent upon an increase in the authorized number of shares. See competitor TSWF board. Message 8623800 They announced a 2-1 split on February 3rd but shareholders did not approve the increase in authorized shares until the shareholders meeting which took place last Friday, March 26th. They effected the split April 1 with pay on April 5. So on Monday the 5th it will trade. I guess my point is that NEON does not need to wait for shareholder approval to declare a split (2-1 or 3-1) as long as shareholders approve it at the meeting in June. Of course, who would not vote in favor of a split? Ed