MIDL .... A Real Sleeper Message Board

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

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To: Jack of All Trades who wrote (5729)	5/14/1999 8:04:00 PM
From: Ga Bard	of 7039

I just talked to Mark Pierce and he told me the auditing company has resigned from all its public traded companies. It was merely a financial and economic descision made by a small auditing firm who just did not have the financial resources to keep up with the changing regulatory requirements. He said MIDL does not have to worry about this till the audit next year. They will have to make another 8K when they get a new auditing firm. Sometime in October is when MIDL is planning to have the shareholder meeting in Stone Mountain ... He was unable to get the notification done and was hoping it would be trading before having a shareholder meeting. So October is the new time frame. Other info I got was the NASD has made two comments and they have been answered and sent back to NASD. MIDL is waiting for further comments if any. On another note the SEC has supeona the audit in their DD. Since DF destroyed a lot of the records they want to make sure that MP and the auditors have gotten all the records that were lost. Mark said this was normal and expected. Oh well have a great weekend. Gary

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