Midland MRIX, MRIXZ Message Board

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Gold/Mining/Energy : Midland MRIX, MRIXZ

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To: CKramer who wrote (11)	4/3/1997 10:11:00 AM
From: Ed Ajootian	of 32

This delayed reaction is amazing to say the least. But the neat thing is that this sort of thing is not uncommon in the O&G microcaps. There are plenty of times when a company makes a big discovery that the stock does not move up immediately for no other reason than the fact that no one ever heard of the company! I agree, a big reason for the lack of immediate response was that the DOW never picked up the news. The company made the blunder of putting out the news on one of the busiest news days of the year, the day that 4th quarter earnings were due for calendar year corps. I feel this stock is finally approaching full valuation now. We may see sonme more action once they move onto the AMEX or the NMS and become fully marginable though. They are working on this as we speak. Plus we may see a stock split sometime soon.

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