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

To: C. Riley who wrote (362)	11/17/1997 2:24:00 PM
From: Frank Fontaine	Read Replies (1) \| Respond to of 7039

Riley: Today is Nov.17th. Thats old news from Oct.10th. Five days ago You were looking for a little more down before the rise. You obviously thought this was a good buy at that time. today You come on the thread and give warning to all. What celery patch are you sitting in anyway? So You are upset because this stock didn't make You a fortune overnight. You remind Me of someone I know who wears a belt and suspenders at the same time. A little over a month of posting and You are going to be a savior to all. Mercy.

To: C. Riley who wrote (362)	11/18/1997 11:14:00 AM
From: Ga Bard	Respond to of 7039

Answers: ~The Series B Preferred Stock is considered a common share equivalent and, therefore, MIDL is considered for purposes of applicable securities laws to now have an additional 10,500,000 common shares outstanding. Therefore, as of Oct. 10, there were approximately 17,184,077 shares of Common Stock outstanding.~ Answer: that is shares issued to the ofiicers of the company. INSIDER shares with a one year restriction on conversion and another one year restriction on trading but they are insider shares. WHo would trade them anyway. Also I own a TON of the MIDLP which is a 35:1 which automatically conversts next year in Oct. so at 4.75 that is an AMSC of .13 per share. ~ That was to finance the New Departure acquisition. Now, to finance the most recently announced acquisitions, MIDL is increasing it's authorized shares to 50,000,000. Others on this thread like to point out the public float of ONLY 1.2 million, but they never mention the whopping increases in shares outstanding which go along with each of these acquisitions. Each whopping increase in shares outstanding dilutes any future earnings.~ Answer: Wrong I and most everyone else read the 8K and the float is 1.2 Million period. Insider shares are insider shares. The increase is to domore acquistion. EVEN if you add the full dilution of 50M and do the math with the revenues you still get $24.00 a share. ex. $120M / 50M = 2.4 x 10 = $24.00. PLUS they have shares to make more aquistions for more millions in revenues. ~Does anyone really think that these acquisitions are actually going to be profitable in 1998? ~ ANSWER: They already are profitable in 1997. LOL These are up and running private companies. ~Get real. Does anyone even know the name of this restaurant, ever even tasted the food there, or sampled the so called entertainment? ~ Answer: DRC is it's name READ THE DANG NEWS As far as going from 1 to 16 location.. I can name you plenty of increase location by companies that would at a mere 16. Boston Market opened around 300 in one year. ~ Don't you think it's strange that the MIDL hypesters never mention the 50,000,000 share problem?~ ANswer: IT IS OLD NEWS and was discussed when it happened 6 weeks ago. Geeze Riley do some research. Facts are only facts when they can not be argued. MIDL is in the process of getting audited financials out for 1997 to and egg will be all over face. MIDL when for having problems to making MAJOR acquistions with Perferred B stock that is NOT TRADEABLE and HAS NO MARKET to acquire EXISTING up and RUNNING companies and it started ONLY 6 -7 WEEKS ago. Now look at what they have acquired and if you can not see MIDL is supply SEC filings and about to publish audited financials then I hate it for you. BTW Riley I know of two MAJOR instituions waiting on the financials. Now Anymore twisting of the facts you want to do. Because basically you post really says nothing no one does not already know. GB