SI
SI
discoversearch

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: Jera Poole who wrote (3394)6/13/1998 7:16:00 PM
From: Ga Bard  Read Replies (1) | Respond to of 4142
 
Ok I have to believe the product and all is real because the black and white keeps saying it is.

1.) John has not disappeared to the Bahamas
2.) John is local to the Houston shareholders who can go see him.
3.) John has not issued himself free trading shares or even converted any to A
4.) John has just got the EPA registration
5.) Testing results have been verified
6.) Big names are requesting to test it and are asking for MSDS data sheets.
7.) John, Wayne, SEC attorney hired the attorneys (Midland & Arcon) there are still two boards in this stock until the shareholder meeting.
8.) Wayne Duke is still the Midland Director until the shareholder meeting
9.) Those split shares have to be issued or else the SEC will step in because regardless MIDL announced the split and whether Dan wanted to or had any intention of doing the split Midland HAS to be done ... Now I am sure with all the mess going on MIDL decided to get a new CUSIP because I would have and cancelled everything else that the stop transfers were on so they could not accidentally leak intp the TA nad get into the float.
10.) Also if reducing the dilution by cancelling Dan's B and not to many warrants are excersised then the voting of the shareholders starts looking very good. Think about it the B is only 7.5M (John's 50K) voting power and the rest is shareholders and capital investment firms that have bought in we have a good portion of the vote. SO the A's after the split will give shareholders that are long a unique voting edge for a while. PLUS Dan selling a rumored 50K A into the float and us buying them actually is a blessing because it increased the shareholder vote percentage.

Now I could be wrong but I think this is sharping up to be a real advantage for shareholders that are long. Increases the shareholders voting percentage for sure. That is why I am hoping NAZ moves the date up instead of retroactive ...

GB



To: Jera Poole who wrote (3394)6/13/1998 8:03:00 PM
From: Bert  Read Replies (1) | Respond to of 4142
 
Jera,

I agree the patent(s) play a key role in this saga...I read several posts regarding the patents from Jay and others...the issue still appears cloudy to me. If the patents have expired, or weren't filed or whatever...what affect will that have on the viability/effectiveness of the "unfair advantage", and will other entities be able to access the "secret formula" through legal/illegal channels...even Dan himself.

In the "big picture", are the patents really that important?

I am long MIDL, just looking for answers like many others. Appreciate any input.

Regards,

Bert