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Microcap & Penny Stocks : Arcon Energy .... Another Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (61)	1/28/1998 9:19:00 PM
From: FARRIS	Read Replies (2) \| Respond to of 626

I will throw my opinion in here since there is a lot of talk about MIDL, or MIDLP or MIDLW. I have also owned MIDL for quite a while now and have steadily bought the common up until today. MIDLP is the way to go. If you believe this company is for real as I and others here do -- you are buying the shares for less than half of the common price. These preferred shares convert automatically in October 35:1 -- that is not that far away anymore folks. For those who are concerned about future dilution when the preferred and probably the warrants are converted and exercised -- the MIDLP gets you on the right side of that dilution. I regret not buying more MIDLP previously as I spent a lot more money on the common for a lot less shares. I too believe that 25% is a silly target -- pennies are high risk -- if you are not in them for high reward than your strategy is flawed. I bought a bunch of preferred shares today and as money becomes available, I will continue to buy the preferred over the others.