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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?


To: Martin Muldoon who wrote (4807)4/28/1999 12:10:00 AM
From: Sarkie  Respond to of 28311
 
This is what is says;

SEATTLE, April 21 /PRNewswire/ -- Go2Net, Inc. (Nasdaq: GNET), a network of branded, technology- and community-driven Web sites ( go2net.com ), today announced that its Board of Directors has approved a 2-for-1 stock split. Shareholders of record at the close of business on May 17, 1999 will receive one additional share of Go2Net stock for every share they own on that date. The split is subject to shareholder approval of an amendment to the company's Certificate of Incorporation to increase the company's authorized common stock, which is currently insufficient to permit consummation of the split.

So, when you awake on the 18th, you have two times more shares than you had when you went to bed on the 17th. Unless, the shareholder's do not approve it. That's how I see it.



To: Martin Muldoon who wrote (4807)4/28/1999 4:19:00 PM
From: Trevor Quest  Read Replies (1) | Respond to of 28311
 
Is the split on May 17th? No. The split will not take effect until June! The approval needs to come first in late May but no date has been set.

briefing.com



To: Martin Muldoon who wrote (4807)4/28/1999 7:24:00 PM
From: Brandon Buttons  Read Replies (1) | Respond to of 28311
 
Martin,

My understanding is that if you are a shareholder at the close of the market of the 17th. you are entitled for the 2 for 1 split. The next day (18th.) your account will reflect the 2 for 1 split.

Anyone,
Please correct me if I'm wrong, but this is my understanding.

Brandon