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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?


To: Money Maker (MM) who wrote (11777)11/9/1998 11:43:00 AM
From: Rajiv  Respond to of 13594
 
But someone said, for all buyers who buy until November 16, 1998 before market close will have additional shares.

This is correct. Your brokerage firm will take care of it.

Regards.
Rajiv



To: Money Maker (MM) who wrote (11777)11/9/1998 11:45:00 AM
From: Michael J. Merullo  Read Replies (1) | Respond to of 13594
 
MM,

It's a bit misleading, but anyone who buys until it splits will get 2 shares for 1.

I hope this helps.

Regards,
Mike



To: Money Maker (MM) who wrote (11777)11/9/1998 3:25:00 PM
From: robert duke  Respond to of 13594
 
Well it has to be anyone who buys in upto the day before the split. Because you would otherwise be paying a really high stock price. I bought more like on thursday and I will get the split.



To: Money Maker (MM) who wrote (11777)11/9/1998 6:42:00 PM
From: Michael G  Read Replies (1) | Respond to of 13594
 
MM,

I haven't checked the other posts to see if anyone else answered it, but I had the exact same question. I was just looking for the split information. I was going to buy AOL tomorrow so I'm glad I checked here first. I understood it to mean that you had to own it by Nov. 3rd, but it doesn't make a lot of sense, does it?

Okay, I've read the other posts now and the concensus is that you can buy up until the day it splits.

Can someone please explain to me what significance the 'owned on date of record of Nov 3' means?

Michael