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Microcap & Penny Stocks : MIDL .... A Real Sleeper

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To: Dusty who wrote (2124)7/8/1998 9:43:00 PM
From: Andrea M  Read Replies (1) of 7039
 
Dusty,

I once bought a big board stock AFTER the split was announced and BEFORE The split date. I got the split. You are correct, the SOR is for dividends.

If you had to be a shareholder of record to get the split then WHO would buy that stock until the split date? They would wait until the split. If you own the stock on the day it splits, you get the split.

What screwed this whole thing up is that MIDL changed the rules AFTER the fact re: div/split which has caused massive confusion. A split shouldn't be this hard. But we are dealing with MIDL........

Andrea
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