IAHL Corporation (IAHL)

[PowerPole]

DoDahMan...I just got off the phone...

With my Fidelity broker...

I asked him when must stock in a company be bought if their Record Date is 12/1/06 to qualify to be a "shareholder of Record"?...

He answered: "You must have bought the stock three days BEFORE the Record Date to qualify for the Dividend because it takes three days for the transaction to settle...Which means that you would have had to have purchased that stock by the closing bell on Tuesday 11/28/06 to qualify for the dividend"...

I then asked him how soon can I sell this stock after the Record Date and still receive the Dividend?...

He answered: "If you want to, you can sell the very next trading session after the Record Date and still receive the Dividend...After looking at his calendar, he said that I could sell the stock next Monday 12/4/06 and still receive the 25% stock Dividend"...

I then asked him about the Ex-Date and what it meant...

He seemed a bit confused that the Ex-Date was after the Payable Date, so he asked me to hold while he checked it out with his supervisor...

We talked about the differences between a "Stock Dividend" and a "Cash Dividend", and that the Ex-Date for a cash divy is always before the pay date, and the Ex-Date for a stock divy is always after the pay date...

What he finally said was: On the Ex-Date, the share price will drop at the opening bell the 25% that was offered in the divy...

I was shocked, and asked him to clarify that statement...After many questions on my part, what he had just said seems to be true...

This is the very first stock I've ever bought that has offered a divy, so I know absolutely nothing about this...I'm just relaying what my Fidelity representative just told me on the telephone...

As far as the golf course acquisition goes, I have heard that it was supposed to close today...If it did, there's a good chance that we will get a PR sometime tomorrow about this...Of course this is pure speculation on my part, so don't be disturbed if it doesn't happen...

Good Luck To ALL ;^))