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today32

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today32

Re: TEX post# 89

Saturday, 01/16/2010 12:40:31 PM

Saturday, January 16, 2010 12:40:31 PM

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RE: >> Their whole point was to de-register with less than 300 shareholders. If they're not cashing out, they must have more than 300 shareholders, I'm thinking.

The 300 number is 300 record holders, so as of August 6th they already knew the number of record holders that would be cashed out, and it must have been enough to get them comfortably below 300. Street name folks are all lumped together as one record holder (the brokerage). Cashing out street namers is always just a courtesy in these things.
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