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

To: John Vsetula who wrote (3450)	6/14/1998 2:36:00 PM
From: TJG	Read Replies (1) \| Respond to of 4142

John, In reference to your "irons in the fire" question... I can not validate if these companies still remain as part of Midland Inc.'s group of subsidiaries. Perhaps someone with more back ground info can. Mega-Hell and Mill Agro Acquisitions: On February 18, 1997 (the Closing Date), the Company executed, delivered and closed under a Plan and Agreement of Purchase (the Purchase Agreement) with the shareholders (the Shareholders) of MILL-AGRO (HELLAS) SA, a Panamanian company, and MEGAHEL NAUTICAL SA, a Greek company (both of which business entities are collectively referred to herein as the Subsidiaries), whereby the Company acquired from the Shareholders all of the outstanding proprietary interest of these entities, thereby making them wholly-owned subsidiaries of the Company. The Subsidiaries have now changed, or will forthwith change, their names to Midland Steamship SA and Midland Agricultural SA. In turn, the Company changed its name from America's Coffee Cup, Inc., to Midland, Inc. Info reference site: investor.msn.com click on "business" to view document.. TJG

To: John Vsetula who wrote (3450)	6/14/1998 3:27:00 PM
From: Ga Bard	Respond to of 4142

Didn't Midland acquire Arcon last December? No I think it was January or close to February they closed on it I believe. Arcon was taken over New Departure because I believe there was 16.5M in assests and the projected revenues from all the oil fields and Bob West which gave Midland the assests it needed to be a NASDAQ company. THen Arcon began to focus on the DF-144 and got out of the gas and oil exploration. My point being if df144 does half of what it promises why didnt a large petrochemical company purchase it instead of a company with a track record of failures(my brokers words not mine..the whole coffee fiasco) like Midland. That is a good point ... but as people have asked why did not a large corporation that tested it do the plants. Well I cannot answer that expect unless you are in that particular area of plant building most just by it as they need it for the market their have in it. Some corporation I understand do not build plants. Also some will test and buy but that is all. Now the bonded Tests, Now an EPA registration there must be something that is getting all this done. But that is a good point. Also does Midland have any other irons in the fire other than Arcon? Yes, they 4 I believe ... 1.) New Departure which did not have the hard assets but did have a excellent potential for sales in the bearing industry. 2.) the casino looking to expand which was sold to CNHH because of being to small and the other deals attached to it fell though. 3.) SA Noblehouse which has the assests (6M in hard assests and 30M in audited financials) and the revenues to qualify for NASDAQ and only the price of the stock had to get up. 4.) Arcon Energy with 16.5M in assest and projected revenues of I can't remember. Now all that was remaining is the market capitalization. Midland apparently chose the most hard assets so they could qualify for NASDAQ. Then all that had to be done was the market capitalization. Well when SA Noblehouse back off it was because they had the assests and revenues but the market capitalization was only 54K @ $4.00 and 1M common @ .50 and warrants @ .15 which only gave them a market capsitalizatioon of $1.3 which is wat short of having the reqirement for NASDAQ. You cannot count insiders holdings I do not think in market captialization. Well all insiders of MIDL are gone but what is there now which is only Wayne Duke. Now MIDL has a market capitalization of 117,396 + 90,000 (Investment Capital Firm) + 50,000 (DF shares) + 42,004 (Private Placement) = 299,400 shares plus the common and the warrants... So Midland should have the market capitalization requirement to easily meet the NASDAQ requirement plus where it was dead before it is active now. I have been awaiting the 8K, 10K ,10Q to see if we have the other requirements. Also I have been wanting the shareholder meeting to come about so we can vote this puppy into a solid scenario, make the application and get off this blasted OTC arena. We now have the capitalization but I can;t get a grib on the assets and we know they have no revenues since they got out of the gas and oil. Bottomline is this is so close to being NASDAQ I want the shareholder meeting. I am glad you asked those questions because rarely does anyone with foresight actually see what is going on. This is why I have been accumulating and will continue to do so. We have market cap now all we need is verrification of assets and revenues. Once we have that then guess what we have a NASDAQ stock that can qualify on its own merit. Just waiting on the filings and all. GB 54k at $4.00 which was only a $250,000. market just on the preferred NOW it is 117,396 + 90,000 + 50K + 42004 =