MIDL .... A Real Sleeper Message Board

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

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To: Ed Hoftell who wrote (5907)	6/9/1999 9:10:00 AM
From: Ga Bard	Read Replies (1) of 7039

Now Ed go read the warrant registration filing ... The BOD has the power to do whatever it wants to the exercise price of the warrants. The BOD drop it to .50 and they can raise it to whatever they want. Warrant holders are simply anticipated shareholders. No vote, no nothing until the warrants are exercised. The warrant exercise price will govern the worth of this security simple as that. If it is .50 the stock will never hold much more than that. What company would want to come into a shell that can never hold much more that .50 + the cost of the warrants? I do not understand why people are refusing to see this. :-) GB

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