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Microcap & Penny Stocks : MIDL .... A Real Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Ed Hoftell who wrote (5788)	6/8/1999 8:01:00 AM
From: Ga Bard	Read Replies (2) \| Respond to of 7039

ED ???? If MIDL comes back trading why would you want to own warrants? The historical trading of this stock clearly shows the short term traders and shorts are using the warrants as an aribitrage vessel against the common. When it does come back it will have been gone through so diliberately by NASD and the SEC that I would assume anyone wanting to reverse merge into this shell would want to take out the infamous arbitrage. Heck, I would. The Ps are pass the conversion date of October so I really do not expect them to come back trading. The filings have already calculated the conversion which is 42.5 to 1 P ... So I do expect the Ps never to trade again. Since warrants do not have voting rights nor any other valid scenario other than being exercised which to date has been proven it is NOT going to be done. I do not understand why you would want warrants? You realize that warrants can have the exercise price changed? Historically any warrants that are exerciseable below $5.00 are a killer to the stock. They actually prevent a stock from holding a price to get off this ridiculous OTC market to the small caps at least. When the exercise price was dropped to .50 no one hardly exercised them. All the .50 did was make them a worse arbitrage vessel. Might want to really think about buying warrants. You could be buying a scenario that is very costly. JMO GB

To: Ed Hoftell who wrote (5788)	6/8/1999 8:37:00 AM
From: im a survivor	Read Replies (1) \| Respond to of 7039

I have a truckload.....I was planning on holding them to see if this baby gets going again. Why don't YOU pm me, and explain why I should let them go now, and what you believe a fire sale price to be. Thanks

To: Ed Hoftell who wrote (5788)	6/8/1999 11:49:00 AM
From: Marshall W.	Read Replies (1) \| Respond to of 7039

Ed, KG4 and other warrant holders: The holding of warrants is now being belittled and painted as the enemy. Like many, I averaged down by selling common,buying warrants. I hold 158,000 warrants. These warrants were bought under a contractual agreement that the exercise price would be .50 (fifty cents). Other terms attached to the exercise of the warrants, including an experiation date. Contracts cannot be retrospectively changed without agreement of all parties. We all started in this together, let us continue to stand together without suggesting that we trade houses in mid-stream. Old Sarge does not intend to get wet...if he can help it. It is wise to support one with the right connections. Our God is able, Marshall W.