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Re: KNFCC post# 2399

Saturday, 08/02/2003 2:53:46 PM

Saturday, August 02, 2003 2:53:46 PM

Post# of 248991
Snackman: Many moons ago, I asked Peter if he saw Wave stock splitting or paying dividends, and he said splitting has no tax consequences for shareholders, and he would prefer that to dividends.

Specifically, to your question--IMO, it would be foolish to split now, because of the chance of a sudden downdraft due to circumstances beyond our control--say another 9/11 attack (God forbid) could take us below Nasdaq requirements. The Naz has been quite lenient on us, IMO and I would not want to push it.

On the other hand, I would enjoy holding twice as many shares, or more even. It is fun to speculate on splits, but that IMO, is counting unhatched chickens--not unlike buying on margin.

Best--Bluefang

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