Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Netnut7 who wrote (3236)	6/11/1998 10:52:00 PM
From: Gary R. Owens	Respond to of 4142

Inside Edition just had a spot on "Star Cars" and showed a 76 station that has "pure" 100 Octane fuel.

To: Netnut7 who wrote (3236)	6/11/1998 10:56:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 4142

There is no reverse split there is however just the opposite coming a split (forward split) which will give you 50% more shares in the MIDLP holdings. We ae awaiting the CUSIP number to be assigned and then the x date. Presently you are buying and selling MIDLP with a split half share attached to each MIDLP share you trade. xdate is the date where the 1/2 split shares exits from the attach holding share and becomes independently trading on its own. That is why the x date is so important. That is the day the split shares seperates from the existing holding share in your account. hope that helps as far as the trilogy I am extremely long so I am loaded in the P . GB

To: Netnut7 who wrote (3236)	6/11/1998 10:57:00 PM
From: Kurt N	Respond to of 4142

>>Read something about a possible reverse split. Any comments? In such a case are the P's less affected? and/or the commons more at risk?<< Would like some of whoever wrote about a possible reverse-split is smoking/drinking. There will be no reverse-splits period. The dividend on the MIDLP will be implemented as a 3-2 forward split. A reverse-split on the common (MIDL) since the float/shares outstanding is extremely small wouldn't make sense. Even if the warrants and all the preferred (insider+public) could be converted/exercised into common today, 30 million total shares is still an acceptable/small amount for what will be a multi-billion dollar company. Kind of looking forward to forward splits. Kurt

To: Netnut7 who wrote (3236)	6/11/1998 11:15:00 PM
From: George Burdell	Read Replies (3) \| Respond to of 4142

Kevin, First, there are not enough shares in MIDL to make a reverse split feasible, even if there were any logical reason to do it. There was a reverse merger in the past, which is a different animal, and it is in the past. As for P vs W vs MIDL common. There was a news release about the P having a 3 for 2 split. Owning two shares would become three shares. Usually a stock split is a psychological gain, since you have more slices of pie, but smaller slices and in the end, the same amount of pie. In this case, since only the P split, there is minor dilution, and so you do end up with more pie. Some are of the opinion that the split has not happened due to the shenanigins lately. They believe that the shares of P bought today will also receive the 3 for 2 split, so each P is worth 52.5 shares of common, not 35. When a stock trades ex-dividend, quotes usually show an x next to the quote, indicating the stock is not eligible for the dividend. MIDLP does not show an x, so it is not showing that it is ex-dividend. Therefrom the speculation about the split still being available. Since this is a split and not a dividend, I am less convinced of this scenario. I also think MIDL would not want to offend the SEC by putting out a press release indicating that the split was in effect and then not carrying forward with that. Due to the shenanigins, Arcon may have to come up with a solution that satisfies all parties. I was holding MIDLP on 5/29 and I still hold, so I'm less concerned about this detail. As far as the recent run up, extra shares were being dumped in the P pool, so if it didn't appreciate as fast, there was a reason. Long term results will be different than short term run-ups, so if you want to hold, assume that everything will eventually become MIDL common. I'm buying MIDLW @ .25. I put together a macro which compares the purchasing power of $1000 for the trilogy, including selling a portion of the W to pay the exercise fee when MIDL crosses the $2.50 threshold and paying tax on the gain. At current prices, P split or no P split, it indicates the W are the best deal. Of course, your taxes might be at a different rate, they may split the P six more times etc etc etc, so make your own choice. Selling the common in favor of the W or the P is probably not a terrible idea, though. GB