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billytbone

05/17/05 7:55 PM

#4586 RE: dixiecats #4585

dixie:
If he is a long time owner as the case appears then the T/A knows(or should) and he is still owner until he deceides to sell and take the hit for tax purposes.

Minou

05/17/05 8:36 PM

#4588 RE: dixiecats #4585

My guess is, by doing a 2000 to 1 RS, they already took into account that, for most people it won't be worth paying an extra $20 to exchange their shares and simply will drop their "investment" into HPON, that way they eliminate more shares from the O/S and it gives them more freedom to re-issue shares under the new name.

So, all things considered, for me it is the same as if they went bankrupt.