Replies to post #1181 on Terax Energy (TEXG)

[a_man]

Is this the reason why the symbol can not be changed untill today?

One to one means the number of shares needs to be doubled

If you say it is not 1 to 2 split, NASDAQ will not agree.

[rooktrader]

thanks. when you read the pr's together with the increase in the o/s, it does amount to a split.

for that reason, i want to know that if we trade any of our shares after the symbol change should the divy, i.e. extra share, is not issued directly into our account's once the change occurs; if we still get the divy based upon being a shareholder of record.

anyone? if you call westar or stephen taylor, please ask this important question.

a man, who was it that you'd spoke to... what did that person share with you?

tia

[a_man]

Let's assume that you hold 1000 shares of TEXG today, and the close price today is $3.0;

Let's further assume that NASDAQ will change its symbol from TEXG to WEST tomorrow;

Tomorrow you will hold 2000 shares of WEST

If it is 1 to 2 split, the price of West tomorrow will not be $3.0, but $1.5, which means that you have the same fund of $3000.

Where is our dividend?

If it is not 1 to 2 split, from where your 1000 extra shares come from? I don't believe Wester will decrease their restricted shares for our one to one dividend, which is also not permitted by NASDAQ.

Where do your extra 1000 shares come from?

We have to find its answer to decide whether buy or sell at this special moment.