MIDL .... A Real Sleeper Message Board

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

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To: H-Man who wrote (2369)	7/12/1998 9:32:00 PM
From: Joe Algermissen	Read Replies (2) of 7039

Harry, I've been talking to Ron Wint and O'Neil Blake of NASDAQ's Market Data Integrity Department for a month now regarding this forward split. To reach them, you can call (203) 375-9609, press 3 at the prompt, and ask for Ron Wint or O'Neil Blake. Here's the story according to Ron: 1. The Record Date is May 29. This is the date that Midland sent the names and addresses of all MIDLP shareholders (Shareholders of Record - SOR) to the Transfer Agent. The Record Date is pretty much meaningless, since it is not a cutoff date, but NASDAQ seems to enjoy assigning one. 2. The Payable Date, also sometimes called the Distribution Date, is July 6. This is the last day someone could buy the stock and get the dividend. 3. The Ex-Dividend Date, usually referred to as the X-Date, is July 7 (by definition the day after the Payable Date). Stock bought on or after this date is ex-dividend (no dividend) and as such DOES NOT qualify for the dividend. 4. The new shares appear in our accounts whenever our brokers get around to it. Some of us (not me at National Discount Brokers) already have the new shares. Joe

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