MIDL .... A Real Sleeper Message Board

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

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To: Ed Hoftell who wrote (2265)	7/10/1998 7:36:00 AM
From: Ga Bard	Read Replies (2) of 7039

Here is something else from the 10K .... In the event the Company is liquidated, dissolved or wound up, the Company is required to pay out of the Company's assets $21.00 per share of Series A Preferred Stock before any payment may be made to holders of the Common Stock. If the assets of the Company are insufficient to pay this amount, the assets will be distributed ratably among the holders of the Series A Preferred Stock. also The holder of a Series A Warrant will not possess any rights as a stockholder of the Company until such holder exercises the Series A Warrant. GB

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