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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?


To: Vinnie who wrote (1105)5/27/1998 2:08:00 PM
From: Binder  Read Replies (1) | Respond to of 4142
 
Vinnie,
I know you didn't post this to me, but your message contained something that I would consider to be very important here...

"actually, these are out of the float, since I'm not selling"

While it is great that you are not selling your shares, the fact that you have bought them does not remove them from the float.

Yes, you do own them. But, unless you hold them in certificate form, they will always be part of the available free trading shares.
For example, if you call your broker and ask him/her to buy you some shares in WXYZ, your account will indicate the shares as yours. However, if I wanted to short the stock, your shares are still out there and available to me for shorting. The shares you bought will be shown as registered to whatever brokerage house you use, and not necessarily to you individually. Therefore, if your broker choses to loan them to someone to go short, they can and there is nothing you can do about it.

I don't think buying and holding will remove your shares from the float.

Just my opinion,
:-)
Binder



To: Vinnie who wrote (1105)5/27/1998 2:13:00 PM
From: Ga Bard  Respond to of 4142
 
I am not going to worry about tallying until after close Friday and start all over again. Clear the slate and then take the emails and total everything up. I know some are selling whatever joking for the best position they can get. It will take a till Friday for most to get about where they want to be.

It iwll be fine just a matter of time. It is not going to just fly it has to equalize.

GB

MIDL New Investor Information Post

Message 4608046

Redundant questions:

Coomon: for the price MIDL is trading at you get one security of ownweship Midland, Inc. '

Warrants: MIDLW ... They will be exerciseable after the 3 day settlement date and the TA has the resolution today. Ok you buy the warrant for the warrant price .. then you pay an additional .50 to exercise it ...

Example: warrants is .56 plus the .50 exercise = $1.06 AMSC

Perferred : MIDLP ... You buy the P for $26.50 you are buying 35 shares of common for an AMSC of $0.77 however you add in the dividend of 50% you will get a half a share of P which equates to 17.5 shares of common.

Example: 100 shares of P @ $26.50 = $2,650.00 = .50 AMSC

For a long term hold and capitalize on the stock to the max degree this is the buy. Of course it is a long term hold because the existing trading P is Oct 1, 1998 which will automatically convert in your account where the dividend will not but it will convert on Oct 1, 1999.

Dividends: The dividend will be pay to all shares held in an account regardless of when you bought at the close of Friday May 29, 1998. If you buy at 3:59 MIDLP Friday afternoon and it is confirmed by the broker you get the dividend.

DF-144: Is a real product and they have over 200 tests on it verifying the product and 3 major compnies have tested it before they came public. It has been produced, sold and even use in NASCAR.

Negotiations: They are in negotations with two major oil companies as per the news releases. .