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

To: C. Riley who wrote (454)	11/19/1997 6:20:00 PM
From: Due Diligence	Respond to of 7039

Glad to to ya'll posting these type of questions.Congrats!!! We're all better for it. Jimbo

To: C. Riley who wrote (454)	11/19/1997 6:26:00 PM
From: Ga Bard	Respond to of 7039

Regardless of the conversion which is anything why would an insider convert. They B are good till when ever. Why put stock that can't be short in the market. That would cut off their nose to spite their face and give stock to short against. The B is insider and I doubt will convert. ALso even they did they can not be traded till Oct 1999. The B is not a problem in my opinion because there are aggreements to take care of any possible dilution without the company's approval. They want their float to remain at 1.2M and not be diluted. Hope this explains it. GB