MIDL .... A Real Sleeper Message Board

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Microcap & Penny Stocks : MIDL .... A Real Sleeper

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To: Ga Bard who wrote (5833)	6/8/1999 4:36:00 PM
From: campe	Read Replies (3) of 7039

Gary, the fact of the matter is that whether someone is holding MIDL,P, or W , they all have a vested interest as "shareholders". Its been close to a year since MIDL was halted. At this point, we are all LONG term holders whether we like it or not. And since we're all long term holders, and most of us have mentally written this thing off, we should be able to live through another year until the W expire either converted or worthless. To call W holders "anticipated shareholders" is not right (although legally correct). The warrants exist and they may have been a mistake, but they do exist and many bought them because of the strike price being lowered. Changing the deal at this point is not right. How would you feel if the shareholders didn't vote for raising the authorized to allow for proper P conversion? How would you feel if they changed the P deal because of this? If the MM refuses to sponsor the 15c211, the W holders will just exercise (directly through the company and TA) at $0.50 without the W ever trading again. This is what Kurt suggested and does make sense (provided the shell gets filled). I would hate for this discussion to divide this group.

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