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Re: flantonio2005 post# 8193

Tuesday, 06/06/2006 6:51:03 PM

Tuesday, June 06, 2006 6:51:03 PM

Post# of 56764
but its not a reverse split its a bond they are using to buy back the stock. Its my understanding that it is 100% allowed.

Otherwise known as a form of tender offer. If she wants it to be a tender offer, then she has to make it a tender offer.

If she wants to reduce the size of the o/s by 90% "automatically", she has to file to do a reverse split.

She can't just take stock out of your account because she feels like it.