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Microcap & Penny Stocks : DIAMOND EQUITIES DDEQ

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To: tigerman77 who wrote (902)	7/10/1999 5:39:00 AM
From: rdmsqito	of 1143

TNRG announced that it would issue one share of it's spin-off, TIPS, for every 4 shares of TNRG owned at DOR(date of record), May 20, as a dividend. In order to own TNRG at DOR you needed to purchase by 5/17 to allow for settlement. The price rose in anticipation(in the mid .60's), and the sell-off started the next day with the sellers believing they would be entitled to their dividend. As it turns out, in order to recieve the dividend you need to be a shareholder as of the ex-dividend date, which will not be determined until the TIPS shares are registered and deemed effective with the sec, which still has not happened. TNRG shares float around .25 currently. It has been proven that the DOR means nothing unless you hold through the ex-div date. Maybe DDEQ can handle this more effectively, in fact I hope they do. I would love to have the go profit shares. But I will not buy back in until an ex-div date is announced. Please, take a few minutes and read some posts from late May- Subject 19825 And maybe someone might like to call Westfere on this.

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