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Microcap & Penny Stocks : MIDL .... A Real Sleeper
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To: Ga Bard who wrote (721)1/27/1998 1:20:00 PM
From: S Press  Read Replies (1) of 7039
 
Ga Bard,

I have some questions regarding the MIDLP stock. You say it converts to 35 shares of MIDL (or I assume to it's new symbol) in Oct. 98. Now does that mean that MIDLP is worth 35 times the price of MIDL when the conversion comes out? In other words, if MIDL is at .50 in Oct, then the converted MIDLP shares would be worth 17.50 at that time? It only costs $6+ right now. If I understand this correctly, then MIDLP is a HUGE bargain right now? If MIDL is at $1 by October then it would be worth $35? It's almost a gimme 5-6 bagger! Are there any dilution issues to consider when the conversion takes place? Where do these 35:1 shares come from? I hope you will clear this up for me.

Thank You,

S Press
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