Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dave Gore who wrote (2084)	6/1/1998 3:44:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 4142

Dave I know ... you see what I am getting.. MAN o mn this stock goes along nicely for months verification confirmation then BOOM day after the split. Rumors, negatives and naysayers are running everywhere. You should see what the day traders are saying... Just waiting for the naysayers to post on the thread. Just waiting. GB

To: Dave Gore who wrote (2084)	6/1/1998 4:23:00 PM
From: Kurt N	Read Replies (1) \| Respond to of 4142

To Everybody: Dividend as a Split Implementation Key Points, for those who feel ripped off or slightly confused --------------------------------------------- #1: 1 MIDLP will eventually convert into 35 MIDL. #2: According to #1, the value of 1 MIDLP is 35 MIDL. Price that you get short-term/now if you sold the MIDLP is less than the 'true' value. #3: In a typical split, the number of shares you own increases and the value of the shares is reduced in proportion to the split. [ie. 100 shares @ $30, 3:2 split, 150 shares @ $20]. However, the value of 1 MIDLP is still 35 MIDL (so price should remain unchanged or close to unchanged, and you own 50% more shares) #4: After the 3:2 split, you know own 50% more MIDLP shares. #5: Each MIDLP share that you own will eventually convert into 35 MIDL, and you now own more of them. [assuming that owned the shares on or before May 29, 1998] Timelines for conversion can be debated and what not, but if you are truly a long term investor it shouldn't matter. Somebody who doesn't want long-term capitol gains and being a long term investor should only buy the common or warrants, and avoid the preferred. Kurt