Allstocks.com's Bulletin Board: dumb question

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Posted by DaFlem on :

Ok i own 150 shares of bebe now. and they are set to split soon.

In connection with the stock split, each share of bebe common stock held by shareholders of record at the close of business on December 10, 2004 will be split and converted into 1.5 shares of bebe common stock. New shares will be issued by the Company's transfer agent, Computershare, at the close of business on December 29, 2004. The Company's common stock will begin trading on the Nasdaq National Market on a split-adjusted basis on December 30, 2004. Following the stock split, the Company will have approximately 59.7 million shares outstanding, based on the number of shares outstanding as of November 19, 2004. In addition, bebe will increase its authorized number of shares of common stock from 60 million shares to 90 million shares concurrent with the stock split.

So i need my shares on dec 10 to get in on the split, but do i need to keep my shares until Dec 30th. Can i sell out after dec 10th and still get the stocks from the split on the 30th?

Thanks

Posted by Bob Frey on :

Ask your broker.

Posted by DaFlem on :

I have ameritrade

Posted by poorman on :

You can still call and ask them. Don't rely on what people on the boards tell you. Though some are well meaning and have alot of experence this is your money and every situation is different.