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

To: Binder who wrote (5821)6/8/1999 2:53:00 PM
From: dreamer  Respond to of 7039
 
Here's my two cents worth, if we lived in a perfect world than midl
would buy back all the shares that were sold under false pretenses
at the exact price people paid for them. Do I think we live in a perfect world, of course not :-)



To: Binder who wrote (5821)6/8/1999 3:24:00 PM
From: Ga Bard  Read Replies (1) | Respond to of 7039
 
I would agree except the 35:1 does not include the penalties for the P for years which brings it to 42.5 to 1.

As far as dropping of the Ws to .50 ... the BOD can do whatever they want on the exercise price. They do not need a shareholder vote.

They do however need a shareholder vote to authorize more stock to conver the P.

:-)

GB


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