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Microcap & Penny Stocks : WOWS --> 25:1 FORWARD split just announced -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Fortune who wrote (47)5/9/1999 11:12:00 PM
From: Jim B  Read Replies (1) | Respond to of 78
 
based on what he just said, you dont have a thing to worry about..if a broker holds your shares out of street name (basically meaning your shares are in electronic form and you dont physically have them in your position) then the DTC/TA process will automatically have them adjusted to give you 25 time the shares you originally owned and on May 19th 1999 the price will open having been divided by 25.

so if May 18th you buy 1000 shares of WOWS at pretend $9/share.
Then May19th you will have 25,000 shares and the stock should open up around 36cents ($9 / 25).

Thanks all for helping clear this up. This is good cuz it gives people a little more time to accumulate if they so desire.. one more week and then we get our split.

jim