J&J ask me to sell shares

greenspun.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 (z.z@z.z), 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@greenspanisgod@frib.gov), 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.

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