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Ispro

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Ispro

Re: wavxmaster post# 123616

Saturday, 06/17/2006 6:27:39 AM

Saturday, June 17, 2006 6:27:39 AM

Post# of 249205
WAVXMASTER....

"Would a reverse split force the shorts to cover before execution of split? If yes, 3.3 million shares of buying before ?
"

...don´t think so! The shorted shares are treated the same, so they are reduced by the split rate.
The only time shorts are FORCED to cover is when a company sets a record date for i.e. paying dividends. I´m not really familiar with this issue but I think I´ve heard this when PTSC paid dividends. I could be wrong, perhaps someone can follow up on this matter...

TIA and BR

ISPRO

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