J&J ask me to sell sharesgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Johnson & Johnson sent me a form asking if those own less than 100 shares want to sell(by 11/27/99). JNJ share today is $104 so 100 shares is not a small money. Why would a company ask shareholders to sell??? Are they trying to reduce the size of database to easily handle y2k 'bumps'? Any thought out there??
-- rich (email@example.com), November 30, 1999
More likely to be a simple buy back plan and lots of small shareholders make lots of costs for administration.HTH
-- Dracon (drac@firstname.lastname@example.org), November 30, 1999.
They ALWAYS do that, always have!!!!!! The RBOCs used to nag me constantly. Standard operating procedure.
-- Mara (MaraWayne@aol.com), November 30, 1999.