Andrew, while your postings re: MIDLW are so obvious, I do not know the answer to your question. If the news that you claim to be true is not anywhere on the newswire, then I cannot verify. Funny that you are so concerned about this company when you weren't about MINE, a company that the SEC has brought charges against.
Regardless, I stated yesterday that I share DD that I or others do, so in that spirit, to help you get caught up on MIDL...ramifications particularly in California are very significant.
You will find that Ga Bard is very up on this stock. He is holding it for a long term play and has been for a long time. If you REALLY want to know the answer, then he can tell you about it, I am sure.
MIDL is being purchased because of their superb fuel product that is now offcially being tested by Texaco.
THIS IS WHY MIDL is being bought now:
Exxon intends to test the DF-144 in their Research and Development Laboratories in Baton Rouge, La. Under a mutually acceptable confidentiality agreement, Arcon has agreed to provide Exxon with the necessary material to test DF-144. Exxon has agreed to furnish all test results provided both parties remain confidential at this time with any test data. Currently Exxon's attorney is drafting an agreement for Arcon's approval and signature.
DF-144 is now registered with the EPA as required by law. On
behalf of Arcon Energy, Maverick Engineering will provide all
necessary MSDS data sheets and has been contracted to design
and supervise the construction of Arcon's new plant. John H.
Spriggs, C.O.O. of Arcon Energy, stated, "It is extraordinary that
a major Fortune 500 Company agrees to test the product of a
small, undiscovered company such as Arcon Energy. Due to the
complication of the ethanol industry, particularly in Calif., DF-144
is attracting nationwide attention." |
