TNRG Tianrong Building Materials Message Board

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Microcap & Penny Stocks : TNRG Tianrong Building Materials

TNRG 0.000200

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Jan 9 9:30 AM EST

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To: TraderGreg who wrote (7987)	5/22/1999 10:44:00 AM
From: Michael Graham	Read Replies (1) of 9824

My wife has 130 shares <g> of TNRG. So I'll throw my 2 cents in. biz.yahoo.com The press release has 3 statements that IMO are important. The first statement: "Therefore any shareholder of record as at May 20, 1999 is guaranteed to receive the TIPS dividend." This say that if you own TNRG on May 20 you will get the dividend. Since it doesn't say anything about selling (yet), if this was all it said, then you would assume that selling doesn't matter. The second statement says: "Therefore, as an example, any record holder of TNRG as at May 20, 1999 is guaranteed the TIPS Dividend; however, if the TNRG shares are sold prior to the Ex-Dividend date, the TIPS Dividend shares pass to the new purchaser with the TNRG common stock purchased." This says that if you own TNRG as of May 20, but you if sell before the Ex-Dividend date, then you don't get the shares. The third statement is: "The Ex-Dividend date will not be set until the TIPS Registration Statement for the Dividend is declared effective by the Securities and Exchange Commission. This says that the Ex-Dividend date has not been set. The first statement was clarified by the second. And the second was clarified by the third. I'ts confusing. But it's all there. Mike Is everybody having fun yet? <g>

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