MIDL .... A Real Sleeper Message Board

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Microcap & Penny Stocks : MIDL .... A Real Sleeper

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To: Debbie777 who wrote (2196)	7/9/1998 8:45:00 PM
From: Ga Bard	Read Replies (3) of 7039

Deb you can vent on me all you want. I realize the warrant holders are not getting the dividend but on numerous post I believe it has been discussed that the warrants have no voting power, nor anything except a right to buy the common for .50 at which time they would acquire common stock which would give them voting rights and an actual interest in the stock instead of an anticipated interest. Warrants are certificates entitling the holder to buy a specific amount of securities at a specific price for an extended period, anywhere from a few years to forever. However no one can guess that any money will be coming into the trust or when. But the stop tranfers are still in place. The stock and warrants from my understanding will have to be bought back that have not cleared DTC that have stop transfers on them unless a judge orders the stop transfers lifted. Now any money is another situation. I personally do not know any specificchain of events that helps everyone but the events that are being done helps the ones that have an invested interest (basis). I have a 5 digit loss also in equity. JMHO GB

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