Lippo Life shares

I bought 700 Lippo Life shares at Rp 350 per share on Nov. 9, 1999, and 13 shares on Nov. 10, 1999. At lunchtime on Nov. 10, 1999 I received a Lippo Life rights issue announcement dated Nov. 9, 1999 by fax from my securities company. After I read it I tried to register my shares so I would have the right to buy more shares.

Unfortunately, the securities company rejected my application. The reason is that my shares were purchased after "cum" (the last day of share registration). I have been wondering even until now how this could happen. How can the last day of share registration fall prior to the official announcement?

Meanwhile, if I do not apply for my rights, my shares will be split. In this case, I will be left with no other choice but to sell at a loss.

I have tried to protest and claim this through my securities company but did not get a satisfactory answer or solution. So I would like to ask Capital Market Supervisory Agency (Bapepam) and the Jakarta Stock Exchange how to solve this Lippo problem.

RUSLI

Jakarta