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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: Mr. Jens Tingleff who wrote (966)5/27/1998 2:13:00 AM
From: Ga Bard  Read Replies (1) of 4142
 
MIDLP ... You buy the P for $26.50 you are buying 35 shares of common for an AMSC of $0.77 however you add in the dividend of 50% you will get a half a share of P which equates to 17.5 shares of common.

Example: 100 shares of P @ $26.50 = $2,650.00 = .50 AMSC

For a long term hold and capitalize on the stock to the max degree this is the buy. Of course it is a long term hold because the existing trading P is Oct 1, 1998 which will automatically convert in your account where the dividend will not but it will convert on Oct 1, 1999.

hope this helps

GB

MIDL New Investor Fact Post

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