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

To: Ed Hoftell who wrote (6000)	6/9/1999 6:29:00 PM
From: Binder	Respond to of 7039

Bingo.....give the man a kewpie doll. Ed, you've hit the nail right on the head. :-) Binder

To: Ed Hoftell who wrote (6000)	6/9/1999 6:32:00 PM
From: Ga Bard	Respond to of 7039

Unless, of course, someone of influence is holding a boat load of Ws. Shorters ... Binder in her DD found where a finacial Mutual fund is sueing MIDL for 2M warrants ... I wonder why? :-) GB

To: Ed Hoftell who wrote (6000)	6/9/1999 7:46:00 PM
From: Whitetigr	Read Replies (2) \| Respond to of 7039

How about this? 1 Before the W's trade the common be increased so the W's can be exercised. 2 The strike price is raised with a 45 day window to give those that wish to exercise at the current price the opportunity. This can happen before or after it starts trading. If it happens when trading some can take advantage of the volitility of the stock for that short time. 3 After the window the new strike price becomes 5.00 or 10.00 or whatever the BOD or new company wanting to come in feels is appropriate. No matter what way it is done the common has to be increased first to make the warrants excercisable. Some will get the opportunity to load up in the 45 days while others dump and play their games. The ones that want to exercise will get their chance and if they do then MIDL will benefit from the increased cash and they will also since they will then become stockholders. If they don't exercise and they have to wait till 20.00 or whatever it becomes, it was their choice. I don't know of any fairer solution where all can benefit. That is of course if this can even be done this way. Any comments?