TNRG Tianrong Building Materials Message Board

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Microcap & Penny Stocks : TNRG Tianrong Building Materials

TNRG 0.0300

+14,900.0%

Jul 17 12:46 PM EST

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To: Colin Cody who wrote (7952)	5/21/1999 4:41:00 PM
From: BishopsChild	Read Replies (1) of 9824

Well......going by your Accounting book definitions and from what I gather we might all agree (SEC sets the Ex Dividend Date) this statement is misleading to say the least. "James Tilton, president of TNRG, stated, ....the May 20, 1999 record date ... we still feel that it was in the best interest of TNRG shareholders who wished to acquire the TIPS dividend shares to have purchased TNRG common stock in the public marketplace on or before May 17, 1999 in order to assure that they would be shareholders of record as at May 20, 1999." What I believed happened here is that TNRG DID NOT KNOW that in order for them to distribute the TIPS shares they had to register them first as they are shares in another public company. So they go ahead and release a DECLARATION implying of a RECORD DATE and then someone at SEC wakes up and says....you cant do that! Folks should understand that dividends given out to shareholders in another publicly traded company doesnt go on everyday.....but as I understand it is TNRG's first and more are yet to come.

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