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To: C. Riley who wrote (467)11/19/1997 8:09:00 PM
From: MSo  Respond to of 7039
 
Just checked in. Thanks to all for no repeat of last night.

M



To: C. Riley who wrote (467)11/19/1997 8:14:00 PM
From: Ga Bard  Respond to of 7039
 
According to Capitalization sectio 3.03 Reads the following:

a) 2,575,217 shares of common stock issued and outstanding in the hands of the public
(b) 1,150,980 shares of common stock of the Purchaser underlying certain "Bridge Loan Options"
(b) 2,635,650 warrants
(c) 1,890,000 shares of common stock underlying the shares of Series A Preferred Stock
(c) 2,700,000 warrants underlying said preferred
(d) 2,218,860 shares of common stock underlying the 63,396 shares of Series A Preferred Stock
(d) 3,169,800 warrants underlying said series A Preferred Shares.
-----------------------------------
13,604,507 shares fully diluted

I think I am being had but I will have it tomorrow for sure. Right or wrong I will have the answer tomorrow. I guess a lesson in reading 8 K is due.

GB



To: C. Riley who wrote (467)11/19/1997 11:30:00 PM
From: grw5  Read Replies (1) | Respond to of 7039
 
CR,

Since you don't seem to be satisfied with GaBard's explanation why don't you and your CFO call Midland directly and get a clarification from them and then you can report back to the thread. Maybe that way everyone can learn something. I'm sure that there would be better understanding if the 2 CFO talked together rather than being filtered through other people. Just a thought.

Best of luck,
George