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

To: Ga Bard who wrote (5796)	6/8/1999 10:22:00 AM
From: Binder	Read Replies (1) \| Respond to of 7039

That's all fine and good, but unless or until it trades again, none of this means squat. Funny how things work out that way. Just when you think you have something of value, it turns out to be "not worth squat". Just waiting to see what happens next... :-) Binder

To: Ga Bard who wrote (5796)	6/8/1999 10:54:00 AM
From: The Devil Dog	Read Replies (1) \| Respond to of 7039

Your are oh so right, we have to not allow the arbitrage to continue. Nevertheless, the warrants are an attractive feature for the shell. No public trading, by going private what this really accomplishes is it continues to keep the shareholders interest in mind( lets remember that a lot of people were burned by this puppy, and it is in the new companies best interest to take care of this existing shareholder base) while still making the necessary capital available to the new company. Keep the exercise price the same. We must remember, in order to get investors to part with their hard earned cash, we have to have something good in here, people are squeezing the bucks tightly. If you make them too high, you severely limit who can take the shell. It gets way to expensive, period! and we are no further ahead. Best regards WB