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Microcap & Penny Stocks : MIDL .... A Real Sleeper
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To: Ed Hoftell who wrote (1935)7/5/1998 10:59:00 PM
From: Ga Bard  Read Replies (1) of 7039
 
That is the only way our equity is going to improve. Real assets and revenues which is what give stocks their worth. Trust and confidence has been tainted concerning this product.

Investor RelationsTalked to Mark today to get an Update ... Concerning the Liquitating Trust: it has been executed and delivered by all the directors. Mark has applied for a tax ID number and registered the Trust with the local courts in Denver ... Once Mark has the Tax ID & affirmation then an 8K will be filed, hopefully this should be out week after next.

Next is the law suit in the US: Mark has drafted it and should be filed this week with the federal district court, Legal representation has been retained.

Bahamas Lawsuit: The Bahamas are very English (British) and should be filed within the next month; However the stop transfers are still in place; legal representation has been retained in the Bahamas.

Violations: Sec 5, 12, & 17 of the SEC act of 1933 plus the 10B of the exchange act 1934

Because of there was no 144 stock available what was sold was unregistered stock which was restricted stock.

Mark has engaged accountants for the 1997 audits and 10Qs to be filed.

Mark has filed the 10b-17 with NASD on Thursday July 1, 1998 for the Liquidating Trust dividend. The 10b-17 to NASD on the split was filed a while back however Mark has not gotten the CUSIP for the 3:2 split as of yet.

That is about it. Please if everyone would refer to the SEC filings for the specifics.

GB

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