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

To: Ga Bard who wrote (1916)	6/1/1998 2:58:00 AM
From: Due Diligence	Read Replies (1) \| Respond to of 4142

Guess which release has been on top of allstocks.com all weekend? Jimbo allstocks.com

To: Ga Bard who wrote (1916)	6/1/1998 3:01:00 AM
From: Crossy	Respond to of 4142

Gary, I a shorter ? I once and for all said I don't and won't short a stock. Reason: You can loose MORE THAN YOU put into a game. I once mentioned the only bearish plays I did were PUT options. Since there are no put options on OTC/BB I don't go bearish here. I know that "B" is held by the officials and was the means the reverse merger was instituted you needen't remind me on that. Once they convert they should hold restricted common I guess. Arbitraging ? Well suppose You want to sell Your position in MIDLP some time in the future. I don't plan to hold it til the end of my life for sure. I said I can wait a year. Now You and I know that MIDLP normally trades at a HUGE DISCOUNT over MIDL, from 30 to 65%. wouldn't You want to realize this and finally sell common istead of "P" ? Believe me I want to enjoy forward splits also so I can wait converting. But converting I will do if I benefit from it (before I sell). If MIDLP is not trading at a discount but rather at a SURPLUS, then I would NOT convert. However given current parameters this is not the case and I want to have just another option. I'm not picky as to time factor when I can convert. regards CROSSY

To: Ga Bard who wrote (1916)	6/1/1998 3:46:00 AM
From: grw5	Read Replies (2) \| Respond to of 4142

See if I have this correct. You are saying to vote each year to extend the P another year, not take one vote to extend it forever. This keeps things in a constant state of flux and prevents people from making predictions about numbers and being able to short it or do other manipulations. It also encourages people to hold longer in hopes of yet better splits and dividends. Right or wrong? Take care, George They can have my P shares when they pry them from my cold dead hand. Way past my bedtime - on duty tomorrow - catch your answer later.

To: Ga Bard who wrote (1916)	6/1/1998 5:08:00 AM
From: John Algermissen	Read Replies (3) \| Respond to of 4142

Gary, Follow me through on this one. It seems to me that at some point in the future that the "P" needs to be redefined to being 5:1 or 10:1 common. A 35:1 conversion is fine for a stock selling for $2 or $3 because the equivalent "P" sells for only $70-$105. When MIDL gets to say $40 that would price the "P" at $1,400. Even though the intrinsic value of the "P" is there I think that we minimize the number of available buyers with such a high price. Most companies I know of split around $100-$150 for this very reason. Now understand that I'm talking about the future and not the present but I believe the future will come upon us very fast and we should be prepared. If it were decided to define a new "P" that converted at 10 shares of common for each new "P" then the current "P" holders could receive 3.5 of the new "P" for each share of their current "P". This would benefit the current "P" holders in several ways: 1. The price of "P" would be low enough that there would be a larger pool of possible investors. 2. The number of outstanding shares would increase thereby making it more attractive to institutional investors. 3. Any dilution by the company by "creating" more "P" will have less of an effect because the base is so large. Just some food for thought. JohnA

To: Ga Bard who wrote (1916)	6/1/1998 8:10:00 AM
From: Bosco	Read Replies (2) \| Respond to of 4142

[slightly offtopic] g'day Ga, Crossy & all - well, 1st clear the air. I hold no position in MIDL* - neither long nor short. Also, advance apology for barging in. However, considering Crossy has been an upstanding netizen of SI, and his bullishness of MIDL* both in public and in private to boot, I cannot see why he should be accused of something he is not. Just because he owns the stock doesn't mean he cannot describe things as he see them. Like everyone else, he could be wrong, but to ascribe a motive requires a far stronger evidence. Just because he is outside of the US really means little, unless xenophobia is the modus operandi here! Anyway, again, sorry to barge in but if a friend cannot speak up for a friend, who would? Best, B