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justarookie

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justarookie

Re: Scanloni post# 7901

Friday, 05/14/2010 5:35:21 PM

Friday, May 14, 2010 5:35:21 PM

Post# of 22746
I just spoke with an etrade rep and that is true. He said they haven't posted because it is not official but the effective date is supposed to be today. The purposed rate is 1:30 shares effective today at closing. He said that Fridays are usually when they do this so that they have time over the weekend to make the changes. He said that depending on what is going on with the company, this can be a good or bad thing for shareholders. He said read the news and see what is going on that will tell you why they might have done this.
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