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Microcap & Penny Stocks : Quest Net Corp. (OTCBB: QNET) -- Ignore unavailable to you. Want to Upgrade?

To: Valkyrie who wrote (166)	2/7/1999 12:02:00 PM
From: David A. Dyer	Read Replies (1) \| Respond to of 213

Hi, Folks This press release can be read at: ipquest.com Quest Net Corp. Clarifies Information On 3 for 1 Stock Dividend FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Jan. 5, 1999--Quest Net Corp. announced on January 4, 1999 that the Company has declared a 3 for 1 stock dividend to shareholders of record on January 6, 1999. Due to the numerous calls received with regard to the stock dividend, the Company has issued this press release in order to answer the most frequently asked questions. Shareholders will receive 3 shares for every one share held of record on January 6, 1999. The shares issued pursuant to the dividend will be restricted shares that can only be resold pursuant to an effective registration statement or pursuant to Rule 144 or another exemption. Rule 144 (d)(3)(1) provides that securities acquired from the issuer as a dividend shall be deemed to have been acquired at the same time as the securities on which the dividend was paid. Shareholders who provide an Opinion of Counsel stating that the initial securities have been held for at least two years may have the restrictive legend removed pursuant to Rule 144 (k) and will be issued new shares without restriction. Shareholders who have held the initial securities for at least one year may resell the dividend shares pursuant to Rule l44 (e)(f)(g)(h) and (i). An opinion of counsel will also be needed. If you are unsure as to compliance with Rule 144, please discuss this with your broker or securities attorney. Shares that are held in street name, such as CEDE & Co. will be distributed to that company, who will be responsible for distribution to holder's accounts. Shares that are held individually will be distributed to that individual by the Company to the address listed on the Company's Shareholder records. The issuance of additional shares will not dilute the percentage of shares held by each shareholder since the distribution is pro rata. The market price of the Company's common stock will not be reduced due to the dividend, as it would have been if the Company had declared a stock split. The market price of the stock will rise or fall due to natural market forces.