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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Harrington who wrote (1062)5/27/1998 11:51:00 AM
From: Ray Emery  Read Replies (1) | Respond to of 4142
 
And if you got an answer....would you believe it? And act on it?
Or would the question be asked again?

Ray



To: Jeff Harrington who wrote (1062)5/27/1998 11:55:00 AM
From: Binder  Read Replies (1) | Respond to of 4142
 
well then I guess you have to decide whether or not you trust any of the people who have provided answers.

If you don't, then maybe you ought to ask your broker. If you still don't, maybe calling the T/A or the company could help.

So, one more time....

It is my understanding that if you are a shareholder of record at the close of business on Friday 29 May, 1998, you will receive the dividend. If you are not, you won't. Not real hard here.

I think someone posted something about a "x" being shown beside the ticker once purchased shares are not subject to the dividend.

I am really sorry if I appear to have an "attitude", but don't you think that this has been beaten to death? You can either believe what you read here, or not. If you don't, (and I don't mean this for you personally Jeff) asking the question a half dozen more times will not make you any more of a beilever than you were to begin with.

Just my opinion.

:-)
Binder



To: Jeff Harrington who wrote (1062)5/27/1998 11:56:00 AM
From: Triffin  Read Replies (1) | Respond to of 4142
 
Jeff..

Seriously ...
forget the last day....the last minute
is 3:59 on the day before the stock
goes X-DIV...and guess what..the X-DIV
date as of this moment in time is an unknown..

whew!!!



To: Jeff Harrington who wrote (1062)5/27/1998 12:01:00 PM
From: Jay Lowe  Respond to of 4142
 
Q: WILL I GET THE DIVIDEND ... A: ASK YOUR BROKER

Q: Will I get the dividend if I buy MIDLP today?

A: Every fact on the table says you get the dividend up until close on Friday.

But you must be sure and the way to be sure is to call your broker and talk to him until he understands the question and gives you a flat answer.

We cannot tell you that you will get the dividend, only your broker can tell you that.

Decide now that you will accept responsibility for that question and simply pick up the phone.



To: Jeff Harrington who wrote (1062)5/27/1998 1:25:00 PM
From: Dusty  Read Replies (1) | Respond to of 4142
 
This is for Jeff H. and any others not clear on Settlement Dates!



Stock Exchange Clearing and Settlement Rules

Michael R. Littenberg

Originally published in International Financial Law Review

March 1, 1997

From November 1, 1996, the Ghana Stock Exchange adopted new rules establishing the Securities Clearing and Settlement House (SCSH), which serves as a centralized clearing and settlement facility for stock exchange trades. The SCSH is run on a day-to-day basis by the managing director of the stock exchange. Policy for the SCSH is set by the Stock Exchange Council.

All licensed dealing members of the stock exchange and all registrars of listed securities on the stock exchange must be members of the SCSH. Custodians and other institutions can also be admitted as SCSH members by the Council. Sections 4 to 6 of the new clearing and settlement rules regulate admission to the SCSH, resignation from the SCSH and termination of SCSH membership.

In addition to establishing the SCSH, the new clearing and settlement rules significantly reduce the settlement period for securities transactions on the stock exchange. The rules adopt a T+5 settlement period. Previously, trades on the stock exchange were settled on a T+10 basis.

The new clearing and settlement rules, together with Schedule I, adopted at the same time as the rules, also regulate participation in the clearing and settlement process by representatives of SCSH members, documentation requirements in connection with clearing and settlement and the timing of various aspects of the clearing and settlement process. In addition, the rules lay down penalties for failures to satisfy clearing and settlement obligations.

Using a SEARCH tool will get you anything you want!

This is an excellent one!

inference.com

Dusty :o)