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


To: Whitetigr who wrote (5903)6/9/1999 12:26:00 AM
From: G. Scott  Respond to of 7039
 
Seems like we need to "just have common" for anything good to happen, so why not convert the P @ 43.5/per and then have the warrants convert to common at some ratio 3-for-1 , or 4-for-1 or 5-for-1. Heck, I don't know what's right, but I do know that if everything were converted to common that the arbitrage problem would likely go away and the people that bought the MIDLW in good faith wouldn't feel like they got the short end of the stick. Then, any company that was interested would KNOW how many shares there are out there and would only have to deal with one kind of stock COMMON. Just a thought and MHO. G.Scott



To: Whitetigr who wrote (5903)6/9/1999 2:42:00 AM
From: Ga Bard  Read Replies (1) | Respond to of 7039
 
Exactly ... Because of the split I was buying at $26.00 a share when I had an AMSC of $8.00 ... I doubt we are going to get the split and I am not crying about 5500 shares of P I will not get ...

I have to face reality ... Just to get it back to trading and do whatever to get a reverse merger in so it can hold a price I am for.

Simply put if we do not allow this stock the ability to go over $5.00 and hold for 20 trading days I doubt anyone would want to reverse merger into it.

I do not want to cut my nose off to spite my face.

GB



To: Whitetigr who wrote (5903)6/9/1999 6:38:00 AM
From: Ed Hoftell  Read Replies (2) | Respond to of 7039
 
The expiration date of the warrants is August 14 2001---considerably more than one year!
The exercise price is .50--which has been repeatedly posted in the latest filings.
If they screw the warrant holders at this point, the stock will be worthless.