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To: KENNETH DOAN who wrote (4913)4/12/1999 5:44:00 PM
From: Ben Antanaitis  Read Replies (2) | Respond to of 8218
 
Kenneth,

There was no such approval last year. The shareholders are currently being asked to approve the issuance of shares to cover the pending 2 for 1 stock split. That's why the board couldn't do it when Wall St. and the mo-mo boys were demanding one a couple of months ago... not enough shares authorized to cover the split.

Ben A.