Friday, October 09, 2009 8:55:29 AM
It maybe great news, but I will take the same approach, I do not care who the source of the new information was from, until they print it in an official format for public dissemination it is just nice to know information, nothing to bet the “farm” on. I have my position and it based upon known public information, and I bet you wonder why be so anal about where the information comes from? Because public information is the only legal information that protects you as a stockholder, the rest of it is hearsay.
The idea of a split was based upon worthless shares held in a shell and your only equity being the 10th of shares held in an actively trading company. This is what the company presented, this is not what shareholders made up in their mind. So do not bash your fellow shareholders over something the company caused, direct your cynicism towards the company since it feels a word of mouth campaign is such a great medium to transmit such crucial information for clarification to its shareholders.
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