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

To: dreamer who wrote (5917)	6/9/1999 8:59:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 7039

dreamer ... they were trading before and if the common ever trades they will trade again. Simple as that ... I do not control this company but I do have a voice and I have read the filings. You act like I am an insider or something. I do not know what is going to happen but I will voice my opinion on stopping the arbitrage. 1. I would be happy if neither the P or the W were to never trade again. 2. I would be happy if the P converts so it can not be used as a vessel to arbitrage. 3. I would be happy if W trade and the exercise price was above the required pricing to get of the OTC. 4. I would be happy if the common started trading ... 5. I would be happy to get the split shares of 5500 that were suppose to come into my account. (which would have given me another 250K of voting power) :-) GB

To: dreamer who wrote (5917)	6/9/1999 9:10:00 AM
From: Binder	Respond to of 7039

IMO, either one will do. At least with a higher strike price, they could be traded and eventually converted. Personally, I would vote for the higher strike price, and allow them to trade. This at least gives the warrant holder the option of trading their way out should they choose, without jeopardizing the common. Those warrant holders who believe in whatever does come into this shell and want to hold have the option to do so, and those who want to average down and get out can do that too. I think people are making a bigger deal out of this than it has to be. jmo, Binder