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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 (3360)6/12/1998 8:12:00 PM
From: Joe Copia  Read Replies (2) | Respond to of 4142
 
All companies also get CUSIPs before declaring splits.

All companies that trade have cusips. This CUSIP deal I do not understand what you are talking about. Did IOM change their CUSIP when they split?

The issue is that NAZ have or may not have rules about retroactive
xdates. I haven't seen anything unambiguous on that and don't have
time to find out myself right now.


exactly. The company sets the SOR date. nasd makes sure all rules have been followed and grants the company's requested SOR date and rules on the XDATE.

company SOR date = NASD xdate.

get it? I may have have been clear before. I hope this explains it.

Joe PTG&LI !!!

MIDL has a cusip



To: Jay Lowe who wrote (3360)6/12/1998 10:58:00 PM
From: Ga Bard  Read Replies (1) | Respond to of 4142
 
Ok from what I have been able to find out ... NASD/NASDAQ will have to consider what is best for the financial community. They will probably take the May 29, 1998 but to my knowledge there has not been a retro xdate but a published one. So no one still knows what will happen until the CUSIP arrives and the paperwork for the split hits NASD/NASDAQ at that time a decision will be made.

Me I am hoping for a later xdate so my accumulative holdings gets it.

I know I am greedy :-) I want more voting power ... Especially since they are cancelling DF's Preferred Series B and taking out 14M of voting power ...

do be do be doooo

GB