what exactly does it mean Jeff??
If they put 2 bill shares and then split the stock reducing the common stock will that mean once they split the actual numbers of common will be reduced?
DO NOT BUY NOW!! After Feb. 17 they are going to "increase the amount of authorized shares of common stock from 125 million to 2.005 billion" but the value of the company stays the same. So if the company value is the same and there are a lot more shares the value of the shares must decrease to equal out. Like sacarstice b said "Once the vote passes, they are going to wipe out any value in the stock (1.00 value to .01 value). So if you bought stock before the introduce the bill it will be worth almost nothing after they introduce the new shares. For every one dollar of stock you own it will be worth one cent. If I owned now stock I would sell it now and buy it back after the new shares are authorized. BUT BE WARNED I have no financial eduction but I actively trade stocks and would definitely not buy now.so, in your opinion, if a person was going to buy would it be better to buy now, or after the split, and why?
DO NOT BUY NOW!! After Feb. 17 they are going to "increase the amount of authorized shares of common stock from 125 million to 2.005 billion" but the value of the company stays the same. So if the company value is the same and there are a lot more shares the value of the shares must decrease to equal out. Like sacarstice b said "Once the vote passes, they are going to wipe out any value in the stock (1.00 value to .01 value). So if you bought stock before the introduce the bill it will be worth almost nothing after they introduce the new shares. For every one dollar of stock you own it will be worth one cent. If I owned now stock I would sell it now and buy it back after the new shares are authorized. BUT BE WARNED I have no financial eduction but I actively trade stocks and would definitely not buy now.
I do not work for yrc but I am not your enemy, Led
Thats probably why they already have a plan to bypass the shareholders. My guess is this way would be easier, you never know unless you try. This is way above my paygrade so your guess is better than mine.If all of this is true then why would any share holder at the Feb. 17th meeting vote yes?.........It only seems they would be cutting their own throats if they own thousands and thousands of shares and would walk away with nothing.........doesnt make sense........Jmo.........
If all of this is true then why would any share holder at the Feb. 17th meeting vote yes?.........It only seems they would be cutting their own throats if they own thousands and thousands of shares and would walk away with nothing.........doesnt make sense........Jmo.........
They will vote till they get it right:Bondage: no matter how many times it takes...:icon_dance:
If all of this is true then why would any share holder at the Feb. 17th meeting vote yes?.........It only seems they would be cutting their own throats if they own thousands and thousands of shares and would walk away with nothing.........doesnt make sense........Jmo.........
Well the stock holders are taking a chance for a turn around. They can do whatever they want with YRC. If they feel that nothing will come of YRC, they will sell or spin YRC off to make their profit/money. Before they would even file for Chapter 11 and take a loss, IMO.If all of this is true then why would any share holder at the Feb. 17th meeting vote yes?.........It only seems they would be cutting their own throats if they own thousands and thousands of shares and would walk away with nothing.........doesnt make sense........Jmo.........
Well the share holders are taking a chance for a turn around. Once the share holders get the keys on owning this company. They can do whatever they want with YRC. If they feel that nothing will come of YRC, they will sell YRC off to make their profit/money. Before they would even file for Chapter 11 and take a loss.