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Pastimes : Georgia Bard's Corner
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To: Binder who wrote (1347)5/2/1998 11:17:00 PM
From: Kurt N  Read Replies (1) of 9440
 
The possiblity exists and I personally believe that there will be buyout/takeover attempts in the future (once some of the major companies realize what Arcon has with it's DF-144).

Takeover attempts (including hostile) can be ruled out since the insiders own most of the company (after converting their restricted preferred to restricted common).

That leaves a buyout. I don't see it happening since the profit potential is stagering (right now their primary focus is just on the state of California) not to mention blowing away the competiton.
The price would have to be based upon the amount of earnings that could be expected 5-10 years in the future. That would leave the aquiring company the last 10 years of the 20 year patent to make huge $$$.

Money talks. If a couple of Ben Franklins ($200) were to talk to each single share of MIDL they might be able to work something out.

Let's put it this way, if nobody tries to buy them out the stock price will never reach $50 (IMO). So I want to see a buyout attempt and watch them turn it down.

[edit: Plus it will validate (in addition to selling the DF-144 and making money) to the investment community that (gee the majors want this company, there must be something great here. Let me take a look at it. Wow!!!! I gotta buy me some of that company]

Kurt
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