SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : MIDL .... A Real Sleeper
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ga Bard who wrote (5815)6/8/1999 1:57:00 PM
From: Kurt N  Read Replies (1) of 7039
 
I think the best scenario for all parties is as follows:

#0: Get something of substance in the shell.

#1: Get MIDL trading (and have MIDLP and MIDLW not trading ever, which is simply a matter of Midland not submitting paperwork required for the MM's to make a market in MIDLP and MIDLW)

#2: Increase authorized shares of MIDL (at shareholder meeting) to allow for exercising of the MIDLW and conversion of the MIDLP.

#3: Since MIDLW is not trading, there can be no momentum trading (one of the things that you dislike). Also it is next to impossible to use the warrants for arbitrage since that would mean the arbitrager would have to buy a MIDLW (but they can't since there is no market for it) for each MIDL that they shorted.

#4: If something of value came in (see #0) then all the warrants would get exercised (by exising warrant holders) quickly at $.50/warrant (giving MIDL enough assets regardless of what was brought in by the merger/aquisition to meet Nasdaq listing requirement)

Kurt
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News