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Microcap & Penny Stocks : MIDL .... A Real Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: James Bender who wrote (2103)	7/8/1998 3:52:00 PM
From: CIN-CIU-E	Respond to of 7039

This is a cut and paste from the XCITEK system, which is a vendor that provides corporate action details to many institutions: ===================================================================== SECURITY NUMBER: 59753K209 ACTIVITY ( UPD ): INFORMATION TYPE: PREFERRED STOCK DESC: MIDLAND, I - - - - - - - - - - - MESSAGE LINES 1 - 7 - - - - - - - - - - ROLL DESC: _ D, INC." UPDTEXT: 337956: CLASS-A PREFERRED STOCK DECLARED A THREE FOR TWO STOCK SPLIT NEW RATE: 3.000000: DECLARATION DATE: MAY 18, 1998 OLD RATE: 2.000000: EX-DATE: JULY 7, 1998 RECORD DATE: MAY 29, 1998 PAYABLE DATE: JULY 6, 1998

To: James Bender who wrote (2103)	7/8/1998 3:56:00 PM
From: TJG	Read Replies (1) \| Respond to of 7039

I'll say this, I'll patiently wait to get the answer from the horse's mouth. But if the SOR date isn't 5/29/98 then the proverbial fit will hit the shan with me... TJG

To: James Bender who wrote (2103)	7/8/1998 4:10:00 PM
From: CIN-CIU-E	Read Replies (2) \| Respond to of 7039

Payable Date is a useless date when it comes to stock splits. For example, lets look at a recent stock split on a well known stock that just took place, Home Depot (This information can be verified with your brokers) ===================================================================== SECURITY NUMBER: 437076102 ACTIVITY ( UPD ): INFORMATION TYPE: COMMON STOCK DESC: HOME DEPOT - - - - - - - - - - - MESSAGE LINES 1 - 7 - - - - - - - - - - ROLL EPOT, INC." UPDTEXT: 330882: COMMON STOCK DECLARED A TWO FOR ONE STOCK SPLIT NEW RATE: 2.000000: DECLARATION DATE: MAY 27, 1998 OLD RATE: 1.000000: EX-DATE: JULY 6, 1998 RECORD DATE: JUNE 11, 1998 PAYABLE DATE: JULY 2, 1998 AGENT NAME: As can be seen, the Payable Date was the prior business day (7/3 market was closed) before the X-Date. The shares were payed into my account on X-DATE. Hope this helps