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


To: T A P who wrote (7823)5/18/1999 6:14:00 PM
From: tony p  Read Replies (1) | Respond to of 9824
 
T A P

The 5/18 NR has caused more confusion and IMHO YOU have
not done anything to clear up the confusion. Why the NR stated
stk had to be bought by 5-17 to be a shareholder on 5-20
is simply a crock of shit. Anyone can purchase shares up to
the day BEFORE the Ex Date and get the TIPS div. Had the NR
just stated that and left out the 5-17 date and the 5-20 DOR
this thing wouldn't be so confusing. IMHO if you knew what
you were doing you would have posted this simple explanation
first thing this morning. I don't mind you promoting this stk
and getting paid but I do mind that you didn't clear up a very
confusing situation for many shareholders with a simple statement
--Buy before ex date and you GET the div, sell before ex date
and you Don't get the div.

Tony



To: T A P who wrote (7823)5/18/1999 6:53:00 PM
From: John Hendricks  Read Replies (1) | Respond to of 9824
 
This whole affair is rather strange. The sec rules that were in today's PR didn't take an individual with an IQ over 130 to understand and that in itself makes me wonder why everyone, TAP & TNRG had so much problem with it. The only thing that I believe has changed is that one can still purchase TNRG up to the ex-dividend date and still receive TIPS shares. The questions that jumps out of todays PR is the reference to purchasing shares in the public marketplace after the 17th and whether these shares would be bought from another individual. Who would own shares that would not have TIPS dividend attached to it? While I realize that might not bother alot of people, it seems to me that is another opening in this whole fiasco. BTW - I am long on TNRG and while TIPS was a nice reward, was not the main reason for investing in this company in the first place.
PS Don't forget there is a question in here that I feel needs to be answered. JJ