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

To: H-Man who wrote (2369)	7/12/1998 8:26:00 PM
From: Ga Bard	Respond to of 7039

I read some of the posts on the board but finally said to my self "Whats the point ?" Exactly IR question, let me see if I understand this right,, 5/29/98 sor date is meaningless No it is the date the split shares were attached) 7/7/98 x-date, any shares I have as of this date get the split,, yes anyone that sold sold their soplit has that were attched to stock No one knows when they get paid but expect to know around 7/18/98 or so ? I have no idea What/who is controlling the pay out ? The DTC btw, somthing interesting happened this week, I do not know but hope so GB

To: H-Man who wrote (2369)	7/12/1998 9:32:00 PM
From: Joe Algermissen	Read Replies (2) \| Respond to of 7039

Harry, I've been talking to Ron Wint and O'Neil Blake of NASDAQ's Market Data Integrity Department for a month now regarding this forward split. To reach them, you can call (203) 375-9609, press 3 at the prompt, and ask for Ron Wint or O'Neil Blake. Here's the story according to Ron: 1. The Record Date is May 29. This is the date that Midland sent the names and addresses of all MIDLP shareholders (Shareholders of Record - SOR) to the Transfer Agent. The Record Date is pretty much meaningless, since it is not a cutoff date, but NASDAQ seems to enjoy assigning one. 2. The Payable Date, also sometimes called the Distribution Date, is July 6. This is the last day someone could buy the stock and get the dividend. 3. The Ex-Dividend Date, usually referred to as the X-Date, is July 7 (by definition the day after the Payable Date). Stock bought on or after this date is ex-dividend (no dividend) and as such DOES NOT qualify for the dividend. 4. The new shares appear in our accounts whenever our brokers get around to it. Some of us (not me at National Discount Brokers) already have the new shares. Joe