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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (932)	4/27/1999 7:49:00 PM
From: Tom Hua	Respond to of 1305

x, it's not one for one. The company approced a 1-for-2 reverse split earlier this month. From the S-1: On April 9, 1999, the Board of Directors approved, subject to stockholder approval, a one-for-two reverse stock split of issued and outstanding common and preferred stock to be effective prior to the completion of the initial public offering of its common stock. All common and preferred share prices, and amounts associated with rights, preferences, dividends and privileges in the accompanying financial statements have been retroactively adjusted to reflect the stock split. In addition, the Board of Directors authorized an increase in the number of authorized shares of common stock to 250,000,000 and a decrease in the number of authorized shares of preferred stock to 10,000,000 shares, subject to stockholder approval. Regards, Tom