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


To: Gr8Karnac who wrote (1192)5/27/1998 9:17:00 PM
From: Mike Roberts  Respond to of 4142
 
re:shorting securities

In Canada (hope I haven't lost you already!), the margin requirements of a stock between .25 and 1.49 is 200% of market value. I have the feeling it is not the same in the US.

Mike.



To: Gr8Karnac who wrote (1192)5/27/1998 11:27:00 PM
From: Ga Bard  Read Replies (2) | Respond to of 4142
 
Oh I understand believe what you want and what you are told ,,, me I think like a MM and a gambler ... I do not read gambling books either and I have learn to teach yourself the obvious. Not they are right they cannot loan out unmarginable HOWEVER loan out or not MMs will short what ever because their job is to keep the market liquid.

hey I could be wrong

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.