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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals) -- Ignore unavailable to you. Want to Upgrade?


To: Vinnie who wrote (1567)5/18/1998 11:25:00 AM
From: Triffin  Respond to of 1757
 
MIDLP...

Since we get a dividend on the MIDLP of
what is essentially a different security..
I hope they use a different symbol to identify
it otherwise confusion reigns..once the dividend
of additional shares is in the marketplace between
June and October ..It's going to be hard to know
what one is buying or selling...believe me the
MM's won't know the difference.

All existing MIDLP (what we own now) will be
converted by the holders come OCT 1, 1998 as
the price to common will be at parity.

Add the coming name/symbol change after the
annual meeting end of this month..
should get interesting.

Jim in CT



To: Vinnie who wrote (1567)5/18/1998 12:08:00 PM
From: Ga Bard  Read Replies (2) | Respond to of 1757
 
Depends on when you sell it. Long term vs short term .. IRS does not care when you got it only when you sell and the time held.

GB