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

To: Tazman who wrote (3011)	6/10/1998 8:37:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 4142

Oh it is POSITIVE ... John in his second day of CEO has basically placed stop transfers on all of Dan Fisher's and any affiliates shares. Also Midland, Inc. is going after Dan Fisher tooth and nail. Dan Fisher On May 31 two Sundays ago told me he was converting some Series Preferred "B" to Series Preferred "A". Monday morning I call John Spriggs and the company's SEC attorney to see if he could do that. Well then Monday afternoon the TA was telling some shareholders of an HUGE amount of free trading A existed. Tuesday I got the company's SEC attorney on the phone and was on conference with two other on line shareholders. I was told that the TA information was incorrect and could have been a double print, the DTC report but the SEC attorney was looking into it because he was unaware of any Series "A" being issued other than the 117K and 44K (approx.) in a private placement. Well after Dan Fisher disappeared on Thursday of last week stop transfers were issued on Friday. Dan Fisher has got caught with his hand in the cookie jar and Midland is slamming the lid down on him. Now with the history done lets see how this affects us as private investors: stop transfer = Stops a changing of ownership, of a security or a financial account, from one party to another. Also, a movement of funds from one account to another. Please understand what this is commonly referred to is a Freeze or frozen accounts. Nothing and I mean nothing moves. Now I want to let everyone know how the process of a certificate is done. This is what I have been able to discover and verify through others a lot more savvier than I ... A certificate is sent to a shareholder in their name. Upon receipt the shareholder then sends the certificate to their broker which the broker places into an account setup by the shareholder. Generally it takes three days to trade because the broker has to send the certificate to the transfer agent and get it in the name of the brokerage house so it can be traded on the open market. However some brokers will trade the stock based on good delivery which is a key here. Now if the broker should trade the stock prior to getting back the certificate in the brokerage house's name then the broker has to go back into the market and buy back the shares they have sold SHORT. An unintentional short but short position just the same. Oh and any short position is addressed through the brokerage house's compliance department. SO as you can see a stop transfer does not allow the brokerage house to get the certificate in their name so they have to go BUY BACK the shares. OK next lets say the brokerage house has successfully gotten the certificate back in the brokerage house's name and sold it. The stop transfer stops the next step which is sending the certificate to the DTC. Please note a stop transfer means a stop where ever the certificate is. Like playing red light as a child. The certificate is frozen right where it is at that time. That means the broker has a worthless piece of paper in his name because it cannot go to the DTC. Now unless the client has on heck of amount of influence I do not think brokers are going to just sit on worthless paper and fight with the brokerage house's compliance department. So the brokerage house will go buy the stock back to cover the short position thus taking it out of the clients account of which they sold it for. So they will have to go back and BUY BACK the shares. Final note on this is until the certificate makes it to the DTC the transaction is NOT complete. OK what is interesting here is that the brokerage house cannot sue the company only the individual client of who the certificate was originally issued in. Another words not only is the company and the company's shareholders the victims of Dan Fisher fraudulent acts but the brokerage house has also been made a victim. It has to make to the DTC to be a done deal. Hehehehe well looks like someone is in a world of hurt. Now with that in mind there seems to be warrants that have been issued also well they come under the previous scenario also. SO any the warrants or shares sold by Dan Fisher or an affilliate of his is going to have to be bought back by this same procedure.. Plus all accounts have been frozen which is what a stop transfer basically is. Please note the brokers have to buy it back the stock or warrants regardless if Dan Fisher has the money or not. The brokerage house has to go after Dan NOT Midland, Inc. ... Midland has done nothing wrong at all. Not bad for John's second day on the job of heading up and cleaning out the thrash. Now concerning the split. Dan was slack again and did not apply for a new CUSIP number for the split. Because of that the company could not send in the paperwork to NASDAQ. What does that mean to us well it means that until ex date is announced we can possibly get the split on any shares we are holding currently. John is not only getting the split taking care of but is kicking into high gear to get the 10K and shareholder call out ASAP. Apparently Dan was slack in that area too. Over the next few days I will try to endeavor to keep you informed daily of what I can. I have talked to the SEC attorney. Plus other major shareholders in this company that like me are die hard. This stock and DF-144 is one of the best unfair advantages I have ever researched. Now why did Dan do all this I know is the question on everyone's mind? Well it seems there is a federal warrant out on Dan Fisher by the FBI which Dan found out about.. John was talking to the FBI trying to get information on Dan for almost a hour and a half today. John told me the company is fine and the FBI is not after Midland, Inc. one bit HOWEVER Mr. Dan Fisher is a different story. Plus the FBI did not have a problem with Midland Inc. Also the SEC is not going to come in against Midland either because they have done nothing wrong. How ever the SEC and FBI are looking for Mr. Fisher. Now please note that the SEC generally only steps in when a company is slack and does not police itself. Well John and their SEC attorney quick steps caught Dan red handed PLUS got to his brokers and bank accounts. Also they have stop payments on checks not cleared and so forth and so on. Dan is BUSTED and got away with nothing. ALSO in order for Dan to sue Midland he has to come to Texas and guess what ... warrants are awaiting him. I expect his house which from what I understand is worth $800K is also being liened. BTW from another on line member Dan's house is empty and from their report Dan's family apparently moved out over the weekend. You know who you are and thanks/ NOW last note... this is not going to have any harm on the stock as far as a buyout or a JV goes. This product is too valuable to the industry. ALSO the Patents are done and will be in the 10K that John is pushing like crazy to get done. Everything is better than before because John is going to get things right, get DF-144 to the industry, and make us along with himself a lot of money. Oh and McAndrews is going to be dealt with also he is on John's list.