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

To: S Press who wrote (723)	1/27/1998 1:55:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 7039

Here you you go Press .... You say it converts to 35 shares of MIDL (or I assume to it's new symbol) in Oct. 98. ANSWER: That is correct Now does that mean that MIDLP is worth 35 times the price of MIDL when the conversion comes out? ANSWER: No what it means is what ever price you pay for a share MIDLP you divide it by 35 and that is your AMSC cost for common shares when it automatically converts in Oct of this year. In other words, if MIDL is at .50 in Oct, then the converted MIDLP shares would be worth 17.50 at that time? ANSWER: If the stock is trading at $1.00 and you bought MIDLP at $10.00 then you would have a triple out. Your AMSC would be .35 and the common is at $1.00. The MIDLP is a separate market all together. It only costs $6+ right now. If I understand this correctly, then MIDLP is a HUGE bargain right now? ANSWER: YEP and because I am long I have been accumulating it too. If MIDL is at $1 by October then it would be worth $35? ANSWER: $35 would be the value of the MIDLP but what it would be trading for is another senario It's almost a gimme 5-6 bagger! ANSWER: YEP Are there any dilution issues to consider when the conversion takes place? ANSWER: No since all the stock is listed in the 8k there is no further dilution to my knowledge. Where do these 35:1 shares come from? ANSWER: They are already issued which is why the float is 1.1 - 1.5M MIDLP Float is 54K. The rest is held by by insider and restricted 63K appr which is the differnece of 117K issued and the 54K in the float which is a dilution 1.890M added to the 1.1M for total float size of 3M (Approx.) Thanks GB