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

To: Joe Copia who wrote (3361)	6/12/1998 11:05:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 4142

Joe I am not going to argue with you but I do not think you are right. Now if they had done everything by the book (which apparently it is not) NASD/NASDAQ is going to have the deciding whatever and the company knows they can ask but the rules is two days notice and the company understand this. So they are going to do whatever NASD/NASDAQ suggests or says. NASDAQ cannot give an exact answer till the have all the information. Since it was not done timely then we could have a pleasant surprise. Most savvy investors say it is the xdate. If they follow the NASD two day rule I will be one happy camper. If they do the 29th that is ok to. Also the reset is already done if you look at the common price. There are those just as adamant about the 2 day rule as you are on your stand but no one really knows what is going to be the xdate. I am in favor of the 2 day rule myself. hehehehe We are guessing so I vote the 2 day rule. Anyone that happen to be right is merely the toss of the coin. I am taking Heads. GB

To: Joe Copia who wrote (3361)	6/13/1998 2:17:00 PM
From: Jera Poole	Read Replies (3) \| Respond to of 4142

<MIDL has a CUSIP> I've done a little research to reinforce what seems to be reasonable to me. A forward split does not create a new class of stock and does not require a new CUSIP. According to my account statements 500 pre-split DANB CUSIP # 23833N104: after split 750 DANB 23833N104. Same CUSIP just more shares. A reverse split does not work the same since the old stock has been replaced by a new one worth more (theorteically) per share. Example is XCL 7500 shares XCL CUSIP 983702101 became 500 shares XCL(new) CUSIP 983701103 after 1/15 reverse split. Unless Arcon is issuing a new class of stock there is no need for a new CUSIP. The original release stated that the dividend shares would have a different conversion date and unless that is still true there is no reason to change the CUSIP. don't know what this means but FWIW it's what I've been able to learn. JP