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

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To: David L. Wasylenko who wrote (448)11/19/1997 6:18:00 PM
From: Ga Bard  Read Replies (2) of 7039
 
1,900,000 common Answer: 1,200,000 common in the float / 1,800,000 insider common held for a total 3M common issued

163,xxx class A converts to 5,200,000 Feb 98 -2001 Answer: That is not correct because the shipping deal was cancelled; acquistions has increased it from 54K; Automatic Conversion in Oct 1998 however 30K is restricted for another year as per the individual agreements which are insider stock and cannot be for another year which is Oct 1999. 54K can be traded in Oct 1998.

149,xxx class B converts to 22,380,000 anytime; Answer: Authorized for a shipping a deal that did not happen and was cancelled; Insider B shares 70,000 issued x 150 = 9,900,000 insider shares which are converible at anytime however they cannot be traded until Oct 1999

50,000,000 private; Answer: Total 50 M Authorize Shares; Issued: 13.6 M Fully DILUTED.

Wayne That SEC you read is no longer valid and only the last SEC is accurate. Those numbers were for a shipping deal that did ot go through.

I appreciate the post but as I have said before anything prior to Oct 9, 1997 is inaccurate on this company. There is presently only one SEC that is accurate and that is the last one one filed. Also the Website is also inaccurate. When they get the new site up and running I will make another SI Thread.

Hope this helps.. Sorry it took so long but I had to figure out where you were getting those numbers. LOL The company did not even know where you were getting your numbers either. So we had to researchto find out where you did. That SEC is no longer valid because the deal was cancelled and so was everything else concerning it..

LOL that was a good one Wayne.

GaBArd
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