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RealNetworks Inc. Message Board

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  • Don't get confused. 28 is the record date. We still do not know when they will actually split the stock. Am I right? Anyone?

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    • The additional shares will be mailed or delivered on or about February 11, 2000, Date of record is Jan 28th

      • 1 Reply to sue_in_philly
      • As usual, Sue is correct.

        The 2-1 split is
        for shareholders of record on January 28th. The price
        doesn't actually change until February 11th (that is when
        you get the additional shares).

        When you think
        about it, a split is pretty hard work. So what they do
        is determine a "freeze date" to snapshot everybody
        who owns shares in the company "Shareholders of
        record" on that day. Then they go through the "issuance"
        process of doubling all those peoples
        shares.

        Then, the only thing left to do is to deal with those
        shareholders who traded during that period between the record
        date and the split execution date. This is a much
        smaller subset and much more manageable.

        (at
        least this is how a broker-friend of mine explained it
        to me -- sounds a little goofy, but perhaps he was
        just putting into terms my simple mind could
        understand).

        Good Luck!

 
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