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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: Dave Gore who wrote (2027)6/1/1998 1:45:00 PM
From: Ga Bard  Read Replies (1) of 4142
 
1.) if you had (held) MIDLP in you account regardless of settlement at eh close of the business day May 29, 1998 you are entitled to the 1 share for every two that you have /had.

2.) If the dividend had been done they they were going to try to issue the dividend with an Oct 1999 convertible date.

Note: I posted they would have to set up a new market to do that because you cannot trade MIDLP with to different dates or issue resticted shares which they could not do either on a trading stock.

3.) I was right now the split comes in .. well the split is all shares NEW or EXISTING are convertible in Oct 1998 and all are free trading plus you do not owe the tax for the shares you get like you would have with a dividend.

Simple as that

Now if you sold your dividend or split shares you messed up on a premature scenario.

hope this explains it. No where can I see where you got your interpretation of the news release.

GB
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