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Microcap & Penny Stocks : MIDL .... A Real Sleeper
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To: RavMan who wrote (727)1/27/1998 7:43:00 PM
From: Ga Bard  Read Replies (1) of 7039
 
Ok it is really quite simple 1 share of P is equal to 35 shares of common.

1 P @ 5.5 = AMSC of $.16; @ 6.50 = ASMC of $.19:

Now in Oct you would have 35 shares per P that you paid 16 cents for but could sell for what the bid is. Now lets say the bid is $5.00 which is not unrealistic at all you would have a MASSIVE return on your investment. This is the long play which is why I am accumulating the P. Say you have 200 shares of P you bought at 5.50 you would have $1,100.00 invest which would convert to 7000 shares at .16 which could be sold for 3400% profit at $5.00. However momentum players probably will not touch this because it will be 8 months waiting which makes the P a long term hold.

Presently at the bid of .375 the P is valued at .375 times 35 for a share value of $13.12 presently.

This stock is mostly held by insiders and long holders like myself.

Hope this clears things up

Thanks

GB
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