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Microcap & Penny Stocks : The New Corporate Vision Inc. ( CVIA )
CVIA 0.4800.0%Jun 30 5:00 PM EST

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To: K A Anderson who wrote (2264)6/10/1999 11:45:00 PM
From: Art C.  Read Replies (1) of 3596
 
I wrote DLJ another E-mail this morning asking them about the alert I was showing in my account that said that split shares were projected to be on the 30th. This is the answer that I got back:

Dear Mr. and Mrs. Crenshaw:

Thank you for your message.

When a company undergoes a stock split, the stock price is adjusted in your account on the ex-dividend date. However, your account will not be adjusted to reflect the additional shares until after we receive the physical shares from the transfer agent. If you owned stock up until the ex-dividend date, then you are entitled to the additional shares of the stock. If you sold stock, it must have been sold on or after the ex-dividend date in order to receive the split shares.

For your particular issue, you will be able to view the adjustment reflecting your additional shares online in your Positions screen and Transaction History on <07/01/99>.

If there is anything else you will need or if you have further questions, please feel free to write back.

Sincerely,

DLJdirect Inc.
Member SIPC, Member NASD.


Art
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