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Author: Fafar Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1879  
Subject: Reverse/Foward Split Date: 3/16/2007 3:10 PM
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I just posted a similar rant on the Yahoo board ...

I am really ticked off by the reverse/forward split Brocade is proposing.

I only have 6 shares (came from McData) and apparently Brocade doesn't want to be bothered with small investors. So even though I want to hold Brocade and was thinking of buying more, my shares will be turned into cash. On top of that, TDAmeritrade will assess me $20!

I'm getting the shaft 2x, as are all of you who don't own at least 100 shares! I urge all of you who still have the proxy to vote AGAINST Amendment 2. We paid for our shares and have the right to hold them!

No doubt the share price will get pushed down "somehow" on the Execution Date just to add insult to injury.

Brocade says in the proxy that they'll save in expenses for mailing, etc. Big whoop! That's the cost of doing business. Are they going to stop people from buying just a few shares in the future? How about asking small investors to be email-only to cut down on the mailing costs?

Well, for you short-term traders there ought to be some small pop from those people who want to keep their shares and can afford to round up to a 100 share lot sometime soon.

Fafar
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