You say:-
"You "will" have any existing shares in your account, divided into two new shares."
If you 'divide' a share (or anything), then the two parts individually would be less than the whole. What is happening is that instead of one share, you will have two 'electronically' added in your account, where before you had one.
I read your post very well. However you did not read mine correctly. I was pointing out that no one expected a company to load trucks with its shares and run around dropping them off at brokers offices. THIS IS 2007
So why mention it?
As for what we are getting it was made quite clear. It is a forward split
Please note the word ELECTRONICALLY!
This Stock Dividend will be electronically credited to stockholders brokerage accounts
shortly after the “Record Date”, being February 13, 2007.
Those stockholders who are not holding their stockholding with their Brokers or hold restricted shares of the
Company’s Common Stock, will receive their Stock Dividends in certificated form, to be held by “on book” by the Company’s Transfer Agent.
The rationale for this Forward Split of the Company’s Stock is that the stock price
could not be trading at a lower price than it is at this time, and this action will
effectively result in a 100% increase in stockholder value, as from February 8, 2007.
