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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Bernie Diamond who wrote (26460)	10/18/2003 7:02:36 PM
From: rolatzi	Read Replies (1) \| Respond to of 206084

You said: <Plan your trade and trade your plan". I know what I intend to do and have planned accordingly, even to selling odd lot shares of PGOGY in my various Brown & Co accounts, since it seems that fractional shares (after dividing by 129.18) are lost.> Where do you get the number 129.18? I don't see it. I agree that if you are going to sell you should have an exact lot remaining. According to the reorg prospectus, "Each existing share thus gives the right to order 0.04354 New Shares, implying that one Right (which gives the right to purchase one Offered New Share), will require 23 Existing Shares. Over-subscription is not allowed. Fractional shares will not be distributed.' I for example have 16K shares that I want to convert which yields 696.64 new shares. That means that I would lose 0.64 new shares or 0.64/.04354 old shares which is 14.7 shares. Since the commission would be $10, it really isn't worth bothering I would lose less than $10 by selling the excess shares. Do I have this wrong. Let's discuss this. Thanks, RO