MIDL .... A Real Sleeper Message Board

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

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To: Dusty who wrote (3994)	8/18/1998 7:50:00 PM
From: Jack of All Trades	Read Replies (1) of 7039

Dusty, I don't think the P was purchased at a premieum. Remember 1P=35 commom. The P hit something like $42/share when the common trading at $2+. This would make the P $70+/share price for a premeium. The reason for stopping the conversion is not to save the skins of the prefered shareholders it's to save ALL shareholders and potential shareholders (warrants) from dillution which leads to low common value. Which lets the people that are short cover at lower prices. P holders are considered to be for long term investors. As far as Arcon goes, I beleive that DF was given the ball to run with because he was CEO of Arcon the company being acquired by an empty shell. Just as NHSA wants to be in control if the come into MIDL. IMHO JeffG

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