Warning to Shorts: Someone is pulling a "Bull Raid" !?!?

[Relker]

Is it posible that you use a shelf offering for a stock split? I can imagine that every shareholder gets stock dividend. In this way you create a big problem for funds lending shares to shorters. So, they have to call the shares back.

[Palm]

WA was asked that question yesterday as I thought about that. He was not sure. Personally think the anticipation for its use is debt based on the situation and what CV said in the CC.

From what I see a stock split is something handled by the BOD and the authority in which a company is incorporated. The BOD makes the decision and declares the stock is being split and shareholders of record as of a certain date will receive proportionally more shares. If a company needs to authorize more shares it gets permission from its jurisdiction and proceeds with the issuance of the additional shares. The capital structure is not being affected, only the amount of shares in circulation and the pps (which is proportionally lowered). A shelf is not used for this I don't believe. For IOC since its listed on the NYSE it must follow certain rules and give proper notification and submit certain filings. These rules are in 703.02 of the NYSE Manual

http://nysemanual.nyse.com/lcm/help/lcm-rules-map.html

[trans]

imo, not related, you can declare a stock split at any time, and I'm convinced when this deal is over, a stock split will be justified. stk trades too thin

[petrengr1]

I don't see how the "shelf" would be involved in a stock split. No money or value is added to the stock. It is just split.