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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: Ga Bard who wrote (2122)6/1/1998 6:19:00 PM
From: MURFI  Read Replies (2) of 4142
 
GaBard,

I have just finished talking with a representative of the transfer agent concerning the effective date of the forward split of MIDLP and he has told me the following:
1)A company must inform NASD 10 days before changing terms of a dividend.
2)Midland is filling out the paper work today for the required 10 day notification.
3) It is possible that the x dividend date will have to be changed
to reflect the proper 10 day notification rule.

As of now the only people getting the extra shares due to the forward split are those who had their shares registered in the transfer agent's records as of May 29,1998 at 4:00PM.

jon
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