TIPS Tianrong Internet Products & Services Message Board

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Microcap & Penny Stocks : TIPS Tianrong Internet Products & Services

TIPS 0.0190

-36.7%

11:47 AM EST

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To: T A P who wrote (158)	12/30/1999 6:43:00 PM
From: Charles Kalb	Read Replies (1) of 203

T A P.......Is it possible for people to purchase TIPS tomorrow, December 31st, and be entitled to the Rights Offering of AAAMall shares at 0.05 on one-for-one basis? I know there is a question of three days required to settle a purchase or sale, but from a brokerage's and IRS's standpoint if someone purchases a security on the last day of December that person is considered to "own" the security for tax purposes or any other consideration. After all, one can buy tomorrow and sell before the end of the day. Pretty hard to do unless one "owns" the security. TIA, Charles

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