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

To: Jay Lowe who wrote (2059)6/1/1998 3:03:00 PM
From: makin_dough99  Respond to of 4142
 
WOW - logic & literacy at its finest !



To: Jay Lowe who wrote (2059)6/1/1998 3:12:00 PM
From: makin_dough99  Read Replies (1) | Respond to of 4142
 
The major difference I see, other than the "dividend" being a taxable event to the shareholder follows:

If the 1 for 2 "dividend" took place with different conversion dates - the MMs, and whoever else sold it last week would have a short position in a non-registered, non-quoted security AND NO WHERE TO COVER THE SHORT POSITION !!!

A 3 for 2 split, with common conversion dates, would allow the shorts to cover with the existing quoted "P".


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