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Microcap & Penny Stocks : MIDL .... A Real Sleeper
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To: Ga Bard who wrote (2047)7/7/1998 10:57:00 PM
From: Marshall W.  Read Replies (1) of 7039
 
Thanks Gary, I agree with your Post # 2047 portion hereby quoted:

"I think warrants are anticipated holdings where the
P and common are actual holdings. So I believe the
dividend on the Liquidating Trust goes to the actual
shareholders not anticipated are holders."

After further pondering (brain strain), I have come up with a possible mitigating concept.

1. A former holder of Common shares may be entitled to share in a Liquidating Trust Fund when:
a) Said Common shares were sold at a loss after an Act Of Fraud or irregular act, by a company Official or Staff, initialized a substantial reduction and/or a reasonable assumption of sustained or continued reduction of share value.
b) The sale proceeds of said common shares were used to expeditiously purchase warrants or other equities of the same company, with the clear intent to enhance the present or future recovery of the incurred loss

Best and appreciation for you good work,

Msrshall W
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