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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (3827)	5/30/1998 5:32:00 PM
From: Beverley Davies	Read Replies (1) \| Respond to of 25711

Hi Joe, Re stock dividend vs. stock split. Nothing to worry about. Stock dividends of 25% or more are often referred to as stock splits. They are treated the same way in the brokerage back office. Beverley

To: Joe Copia who wrote (3827)	5/31/1998 12:39:00 AM
From: Due Diligence	Respond to of 25711

The way I understand it, is for every 2 shares of "P" you have, you know have three total. Hence-3:2. Also, the "P" is eligable for future dividends separate from the MIDL when the time arises. It is a Forward split. Jimbo BTW: MIDLW seems to be the play for next week, me thinks.

To: Joe Copia who wrote (3827)	5/31/1998 3:29:00 AM
From: Ga Bard	Respond to of 25711

Yes ... they want to give a dividend with a different date of conversion. Well doing the SEC documention and all they discovered that a dividend is taxable to the shareholders where a split is not until the shareholder sells the stock. Also since the dividend was being given to a trading security it has to also be a trading security. So the bottomline is everyone got an extra share for every two they had at the end of the business day Friday. NASDAQ was notified by the company and the TA will be notifying the DTC over the weekend of Friday being the ex-date. So all the MIDLP exisitng or coming is convertible in Ocy of 1998. Hope this is what you were looking for. GB Since I have so much I prefer the split instead of the tax burden myself.