InvestorsHub Logo

J T

Followers 24
Posts 3889
Boards Moderated 0
Alias Born 08/12/2005

J T

Re: None

Thursday, 10/29/2009 7:06:50 PM

Thursday, October 29, 2009 7:06:50 PM

Post# of 27475
it doesn't say 'non-manditory split' it says

"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