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RPC Inc. Message Board

  • robert190022 robert190022 Mar 15, 2012 3:35 AM Flag

    question re split

    I had 1000 shares pre split.
    sold 200 shares on feb 26 remaining with 800 shares.
    according to:
    "...The split will be effected by issuing one additional share of common stock for every two shares of common stock held. The additional share of common stock will be distributed on March 9, 2012 to holders of record at the close of business on February 10, 2012. No fractional shares will be issued. Fractional share amounts resulting from the split will be paid to stockholders in cash..."

    shall I receive 500 new shares or 400?
    If I read the text i should receive 500 shares, i.e. 1 new share every 2 held on feb 10.

    Thks for answering.

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