Thursday, October 29, 2009 7:06:50 PM
"This is a non-mandatory stock exchange"
it is NOT MANDATORY for you or your broker to send in your STOCK and EXCHANGE them for new ones.
SNWT is treating this like a stock dividend (as per the first pr I believe). they're just gonna give you 4 more shares (of exactly the same thing you got) and you keep the 1 you have and end up with 5.
this is a first for me, and I been playing splits for 10 yrs. LOL do a search, all ya get is links to SNWT PR ROTF
company does a FS, RS, name change, symbol change, cusip change, or any combination of those and it requires a 'mandatory stock exchange'. you or your broker send in the old stock - you get back the new.
IMO
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