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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Binder who wrote (1347)	5/2/1998 10:40:00 PM
From: Ga Bard	Read Replies (3) \| Respond to of 9440

MIDL / Hostile Takeovers ... As when anything in life when someone has an unfair advantage there is always someone who wants it. Not they can get but want and they go after it. AVBC ... Tom has his unquie beverage and just before it came out in production after the taste test 3 years ago BOOM someone's greed tried to sreal it from him. As far as MIDL is concerned Dan Fisher hold most of the P at 150:1 so I am not worried about that actually happening but if they do they will have to get all the 54K of the P and all the warrants and all the common. Well my proxy is loyal to Dan Fisher. I would love it to happen though can you imagine what the share price will do if they try to buy up the shares to do a Barbarian at Gate scenario. What I do expect like I do with SURG, MIDL, AVBC, IKAR are a few I would not be surprised to see a buy out come from a MAJOR corporation. Unfair advantages have a tendency to do that. Major corporations are not accustomed to being customers they are the vendor. This another aspect people rarely consider in their DD. So simply yes I could be it and would welcome it. GB

To: Binder who wrote (1347)	5/2/1998 11:17:00 PM
From: Kurt N	Read Replies (1) \| Respond to of 9440

The possiblity exists and I personally believe that there will be buyout/takeover attempts in the future (once some of the major companies realize what Arcon has with it's DF-144). Takeover attempts (including hostile) can be ruled out since the insiders own most of the company (after converting their restricted preferred to restricted common). That leaves a buyout. I don't see it happening since the profit potential is stagering (right now their primary focus is just on the state of California) not to mention blowing away the competiton. The price would have to be based upon the amount of earnings that could be expected 5-10 years in the future. That would leave the aquiring company the last 10 years of the 20 year patent to make huge $$$. Money talks. If a couple of Ben Franklins ($200) were to talk to each single share of MIDL they might be able to work something out. Let's put it this way, if nobody tries to buy them out the stock price will never reach $50 (IMO). So I want to see a buyout attempt and watch them turn it down. [edit: Plus it will validate (in addition to selling the DF-144 and making money) to the investment community that (gee the majors want this company, there must be something great here. Let me take a look at it. Wow!!!! I gotta buy me some of that company] Kurt