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To: bbgold who wrote (71602)	11/17/2000 10:31:52 PM
From: Jim Bishop	Read Replies (2) \| Respond to of 150070

MICG biz.yahoo.com chart.bigcharts.com

To: bbgold who wrote (71602)	11/17/2000 10:51:15 PM
From: Theo	Respond to of 150070

MICG no longer exists. Yeah, I read the 8K a week or so ago. Actually, from my understanding, the company "entity" exists, but, there is no "business" in place until a merger or acquisition takes place... Guess we see Monday what happens ;) Theo;-)

To: bbgold who wrote (71602)	11/19/2000 3:52:02 PM
From: thomas_donald	Respond to of 150070

MICG - more info... shellstockreview.com SYMBOL: MICG Name: MICROFIELD GRAPHICS INC Shares Outstanding: 4,572,793 as of 09/30/2000 Share Float: 1,000,0000 (unconfirmed) Cash on Hand: $1,210,775 (net of debts) Cash Per Share: $0.26 (net of debts) Total Debts: 0.00 (after pay off) Contact Name: Joan Nardi or John B. Conroy Contact Phone Number: (503)620-4000 Editor's note: MICG sold off their computer conferencing and telecommunications business to Greensteel on 10/24/2000. After paying off all debts, they will have about $1,210,775 or $0.26/share in cash. They are currently in negotiations with a potential merger partner in a high-tech industry. They also have the potential to earn another $1.5mil on earn-out payments over a 5-year period. Also, they kept $402,919 in accounts receivable. Insiders purchased 323,000 shares on 6/30/2000 via an option-related Form 4 Buy. 11/08/2000: I spoke to Joan Nardi, she confirmed they will pay off all debts and that they are in negotiations with a potential merger candidate involved in a high-tech industry. 11/08/2000: 8-K Cash and cash equivalents: $2,006,720, Accounts receivable: $402,919, Total current liabilities: $945,986. Pursuant to an Asset Purchase Agreement ("Asset Purchase Agreement") dated September 7, 2000 between Microfield Graphics, Inc., an Oregon corporation ("Microfield"), and Greensteel, Inc., a Delaware corporation ("Greensteel"), Microfield sold substantially all of its assets to Greensteel (the "Asset Sale"). The transaction closed on October 24, 2000. The purchase price for the assets is up to $3.5 million, $2 million of which was paid at closing and up to $1.5 million of which will be paid pursuant to a contingent earn out over 5 years. Microfield retained certain assets, including cash, accounts receivables arising prior to the closing date, insurance policies and the computer equipment used by Microfield's Chief Executive Officer. 11/08/2000: 09/30/2000 10QSB The number of shares outstanding of the Registrant's Common Stock as of September 30, 2000 was 4,572,793 shares The Company has no active business operations at this time and is exploring merger and acquisition opportunities in other lines of business. The Company has no plans to distribute proceeds of the asset sale at this time. 10/06/2000: NEWS RELEASE (from MyTrack news) Oct. 6 (The Oregonian/KRTBN)--MICROFIELD GRAPHICS PLANS TO SELL MOST ASSETS: Portland-based Microfield Graphics will sell most of its assets to Greensteel, a subsidiary of Atlanta-based PolyVision, the company announced. Conroy said he was negotiating with a potential merger partner. 10/03/2000: NEWS RELEASE We have explored numerous alternatives, and have concluded that the proposed sale is the best available alternative to maximize value for our shareholders, and that our shareholders would best be served in the long run by divesting the SoftBoard operation and applying our resources to other opportunities we are exploring. We are involved in negotiations with a potential acquisition target to define the terms and structure of a business combination.' DISCLAIMER The ShellStockReview.Com is not a Registered Investment Advisor or a Broker/Dealer. All statements or expressions are only the opinion of ShellStockReview.Com and are not meant to be a solicitation or recommendation to buy, sell, or hold MICG.