MIDL .... A Real Sleeper Message Board

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

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To: campe who wrote (710)	1/23/1998 7:41:00 AM
From: Ga Bard	of 7039

No, I am around just silent and watching the GURUs have their fun. MIDL has told everyone it would be February before the light started to shine. Now that this acquistion has come up New Departure is an asset to be sold or retained. The sell is fine with me same as the selling of the casino/ rest. Then again I understand the dealings of buying and selling corporations. I do not think the internet is impressed at all. 1. they have gone from a coffee industry to another one or projected different industry then to bearings with a garnish of a casino to the acquistion of today. confusing isn't it. To me Profit is profit plus they are fully reporting. 2. Issuing the Insider Class B which is 150:1 to me is fine. This stock has restriction of 2 years from date of issurance plus a 144 has to be filed to sell it once it is or becomes unrestricted. I have a problem with float dilution I have to admit however this float on the common is only 1M 1-5M. This new acquistion has not change the float size of the common, warrants, or the perferred. That will not happen until Oct of 1998 which I must confess I hold a good position of P. I am long so the 35:1 conversion in Oct. I find exciting since the common is only costing me about .15 a share in my P stock. Even after the automatic conversion the float maybe go to 3.5M. No offense but I do not see the downside to that myself. 3. This company really has not nor does not care about the day to day trading of its stock nor its image on the internet. Matter of fact they hate day traders and momentum traders which rip a stock to pieces. Most companies now realize the internet is one of the largest negative forces in the market today. What it does care about is the real world brokerage money and other large financial institutions. They do not need their stock since they are making money. 4. The new offices are in the plush part of Dallas from my understanding. Amazing that MIDL now has moved into the upper Dallas area in the elite section. enough said. Bottomline is I am EXTREMELY pleased with what MIDL is doing. Of course I look at things differently than most people online anyway. Happy Trading GB

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