Jeff and All: Here is the bio provided by Midland, Inc., on Mark S.
Pierce. It may have been written by him as well?
This came from the SEC 8-K file dated 6/29/98
Mr. Pierce has been counsel to the Company since October, 1994,
and has served as a director since that time as well. He is also
the sole director and executive officer of Famous Sam's Group,
Inc., a publicly-held Nevada corporation which currently has no
business operations. He was a director and an executive officer
of Intercell Corporation, a publicly-held Colorado corporation,
from April, 1992, until July 7, 1995, when it acquired the assets
of another business. Mr. Pierce was the secretary and a director
of Forestry International, Inc., a publicly- held Colorado
corporation from December 24, 1992, until April 7, 1995. he was
a director, and subsequently an executive officer, from May 22,
1992, until January 14, 1994, of Indemnity Holdings, Inc. a
publicly-held Colorado corporation. From September 1, 1993,
until April 7, 1995, Mr. Pierce was the President and a director
of a small, privately-held merchant banking firm with six
employees, including himself. In this company, he was involved
in the supervision of five employees and worked with independent
consultants in the areas of marketing, public relations,
accounting, law and corporate finance. Prior to September 1,
1993, Mr. Pierce was engaged in the private practice of law in
Denver, Colorado, where he specialized in mergers, acquisitions,
the representation of publicly-held companies, bankruptcy and
international transactions. Mr. Pierce graduated from the
University of Wyoming in Laramie, Wyoming, in May, 1979, with a
Bachelor of Science degree in Accounting with honors. He passed
his examination as a Certified Public Accountant in May, 1979, in
his first sitting. Mr. Pierce received his Juris Doctorate from
the University of Colorado in Boulder, Colorado, during May of
1983. He is a member of the American and Colorado Bar
Associations, and is a member of the securities and international
subsections of this latter association.
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My Memo:
Mark has served as Secretary, Director, CEO and more importantly Legal Counsel. It appears to me he has served this company in every capacity except one; janitor.
Anyone, who serves a company in any responsible capacity, whatsoever, but, especially someone with a legal background; needs to explain the gross incompetence that appears to have taken place within this
company.
After reading the bio's of each officer and director, I find it amazing and astonishing that all these highly educated men did not detect deception at some point in time. Why? There appears to have been definite if not deliberate slackness in the handling of company affairs. Marks, background states he is experienced in mergers and acquisitions, yet the Arcon / Midland deal has left all the shareholders scratching their heads and wondering what will happen next.
Something is definitely wrong with this picture. The shareholders deserve and accounting from each and everyone of them but especially from legal counselor, Mark S. Pierce.
Speaking for myself; if those who remain at the head of this company and it's legal counsel can not take care of past business what makes any of you so sure they are capable of the next deal?
We are not playing Monopoly here folks. The shareholder's stake in this company represents the lives and finances of real people.
Move over Mr. Pierce, it appears you have company and that there is enough blame to go around at least twice with more left over.
Dusty
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