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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Joe Copia who wrote (15317)5/11/1999 4:07:00 PM
From: Boob  Read Replies (1) | Respond to of 25711
 
The Company also announced that it plans to forward split its common stock on a ten-for-one (10-for1) basis on May 31, 1999 (the pay date) to shareholders of record on May 25, 1999 (the record date). The Company stated that on May 31, 1999 each one share of common stock will be converted into ten (10) shares of common stock.

The Company said the forward split will require a change in CUSIP numbers (unique stock number) and a change in its trading symbol. In addition, the Company said all shareholders holding certificates in their own names will be required to send the old certificates to Securities Transfer Corp., 16910 Dallas Parkway, Suite 100, Dallas, Texas 75248, Telephone 972-447-9890.

Securities Transfer Corp. will cancel the old stock certificate and issue the shareholder a new common stock certificate bearing the new number of shares and the new CUSIP number. The Company further stated that those shareholders owning their stock in ''street name'' (certificates are on deposit with a brokerage firm) will not be required to take any action as the brokerage firm will be responsible to send in send in the old stock certificates.


Sounds like this plan has been well thought out. Are you the same guy that told me to be careful on WOWS when it was 6 3/8? :-)

Boob