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

To: one_less who wrote (5960)	6/9/1999 3:46:00 PM
From: sks1	Read Replies (1) \| Respond to of 7039

Hey, it's all moot discussion without having a complete look at the new "stupid" company that would want to throw their clean private assets into this dirty "shell". Attempting to structure the exercise price of warrants without the above information is the equivalent of specifying the boot sizes of a platoon of Marines to the boot manufacturer prior to checking the soldier's shoe sizes. The majority ownership of the "new" company will most certainly be in the hands of the owners of the private company that wants to merge, NOT any of us old shareholders including anyone on these boards. Exercise price of warrants will be up to them not us, unless the current Board decides to attempt something like this which would not surprise me as they have done a lot more ridiculous (and illegal)acts in the last year. I very much doubt it however with the SEC trying to sort out everything. I sincerely doubt we even have an active board, what's the old saying? Rats scatter like ------- So we need to stop worrying about uninformed ramblings about changing warrant exercise prices and try to get an update on where the SEC is on this one. When the SEC is finished and if there is anything marketable left, from there maybe we can elect an interim Board with the intent of finding a suitable merger candidate! sks1