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

To: RavMan who wrote (727)	1/27/1998 7:35:00 PM
From: S Press	Read Replies (2) \| Respond to of 7039

Rav, I think you have it a little backwards here. The last line of your post: .5*35 is 17.50 not $1.75. As I understand it (and I could easily be wrong) MIDLP is a break evn right now if it sold at $17.50 because when converted 17.50/35 =.50 the cost per share today. If you bought MIDLP today at $6 then your ASMC is @ .17 not .33 In other words, you'd be getting a .50c stock for only .17c I'm not entirely clear on what exactly happens in October though as far as the mechanics of the exchange go. Does MIDLP cease to exist on 10/98? is the account credited with 35 shares of MIDL for every 1 share of MIDLP that was owned? Anybody? Thanks, S Press

To: RavMan who wrote (727)	1/27/1998 7:43:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 7039

Ok it is really quite simple 1 share of P is equal to 35 shares of common. 1 P @ 5.5 = AMSC of $.16; @ 6.50 = ASMC of $.19: Now in Oct you would have 35 shares per P that you paid 16 cents for but could sell for what the bid is. Now lets say the bid is $5.00 which is not unrealistic at all you would have a MASSIVE return on your investment. This is the long play which is why I am accumulating the P. Say you have 200 shares of P you bought at 5.50 you would have $1,100.00 invest which would convert to 7000 shares at .16 which could be sold for 3400% profit at $5.00. However momentum players probably will not touch this because it will be 8 months waiting which makes the P a long term hold. Presently at the bid of .375 the P is valued at .375 times 35 for a share value of $13.12 presently. This stock is mostly held by insiders and long holders like myself. Hope this clears things up Thanks GB