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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: blake roberts who wrote (7799)	5/18/1999 1:13:00 PM
From: LANCE B	Respond to of 9824

new p.r due out...you are never allowed to sell,this is the hotel california version.. i really am more confused each time one of them clarifies something according to what i read from james is version..the cut off date was the 17 but had to still own upon declaration of dividend,accordin gto tap you can still be in...i think i believe james is version,that if you own yesterday and do not sell until it is declared you get tips..this would have greatly reduced the shareholders able to get TIPS stock,i would think with this operation that would be the plan...stay tuned for more confusion....but as always,keep buying..

To: blake roberts who wrote (7799)	5/18/1999 1:20:00 PM
From: washdeck98	Respond to of 9824

My Schwab broker said that date of record is not realy used any more. It applied when most people had the certs in there posession, before the advent of electronic trades. It appears that you must hold before the x div date in order to be elligable. That is why I said it would be nice to know what the heck that date is. Do your own DD and please let me know if you think any of this is off base. Brokers are just human and prone to screw up from time to time. I hope I have good info because it would mean that I get the div. shares and I'm in TNRG very cheap at .40 to .45. washdeck98

To: blake roberts who wrote (7799)	5/18/1999 1:22:00 PM
From: tony p	Read Replies (1) \| Respond to of 9824

Hi Blake, If you sell before the EX DATE(which is unknown at this time) you will NOT rec the TIPS Div. If you sell now and re buy before the EX DATE you Will be entitled to the TIPS dIV.The really confusing part seems to be the Date of Record which is May 20. The record date indicates who will get the div NOT who is ENTITLED to the Div. That is determined by the EX Date. Therefore, it is my understanding that if you buy before ex date you get the TIPS div, if you buy on or after the ex date you DON'T get the div. The EX date is the KEY date. I worked for a major Investment firm for 14 years as the Operations Manager and this is my understanding of how div's are paid. T A P you are getting pd to PR this stk and I think everyone would apprciate a clear explanation if I am wrong on who is and who isn't entitled to the TIPS div. Thanks Tony