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Microcap & Penny Stocks : MIDL .... A Real Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (845)	6/17/1998 8:51:00 PM
From: Shawn Springer	Read Replies (2) \| Respond to of 7039

Maybe I missed it, in the hundreds of posts... It appears to me that while Dan Fisher screwed the company out of it's current funds, John Spriggs has taken its' future. How can he (as President) take the one asset of the company that has any value (and the reason that many of us invested - stock structures not withstanding), and simply declare it "reversed", null and void and walk away with it??? It would seem that there would be substantial legal prohibtions against such activities. It certainly appeared that Midland "controlled" DF144 as a result of the merger. How does reversing the merger help any MIDL stockholder?? The reasoning of "Cleaning the corporate shell" doesn't make a lot of sense - eliminating the key asset in order to go after a crook? If any of you can explain why this makes sense, it would be very appreciative. Otherwise, it seems that the shareholders should band together and discuss legal options regarding John Spriggs and the board.

To: Triffin who wrote (845)	6/17/1998 8:52:00 PM
From: Kurt N	Read Replies (1) \| Respond to of 7039

I think the correct count is 2, (technically it is 1 and possibly 0). My understanding is that at one point in time there were 4 deals on the table. #1: New Departure (bearing business) + Casinos #2: Arcon (count reduced to 1, since New Departure was already merged. The Arcon deal came and Midland aquired it. At this point New Departure left Midland, under mutually acceptable/good terms, and the shares issued were returned. If DF-144 and John Spriggs come back the count will be 0 (IMO). Assuming that New Departure and Arcon were 2 of the 4 deals, then there are 2 left. Kurt

To: Triffin who wrote (845)	6/18/1998 1:35:00 AM
From: Ga Bard	Respond to of 7039

GO JAMES... Now first off they were a shell in September when I first bought in because of seeing Steven King's name knowing he had four deals on the table and I recognized that is stock structure from the past was one that would attract a grest business. Well we got New Departure with projected revenues of $300,000,000.00 however they are a middle man for bearing ... NO real assets because of the business everything was cosignment. So they brought in DSC a casino for assets and shareholders raised cain so they sold it. Well there went the hard assets. Then Arcon came along with supposely 16.5M is hard assets which would what this stock needed ... Well apparently $1,600.00 John told me was in it is sort of short of that mark. Now so really they have not messed up but I was curious why New Departure left at the time. well we are back to square on and I just paid for a long distance call from Korea about a company with revenues and assets that are interested in this shell according to a long term shareholder in this stock. But that is why I am not worried about my investment in this stock structure because I do not think we will be with resident long. But that is my personal opinion. GB

To: Triffin who wrote (845)	6/18/1998 11:14:00 AM
From: one_less	Respond to of 7039

Great Idea, "Why don't we ie those of us that own the stock pick the next business to merge with MIDL.....," James M. Scanlon I nominate James as to lead the recruitment process. Any objections...No?...OK, James your in. Your status is now equal to Gary's, except you weren't mentioned in a press release. That makes you the voluntary Chief Recruiting Officer CRO. Thanks for the suggestion. All of us want to see this happen in an expedient manner and I know you will do a bang up job. Let us know where we fit in. Most of us are good at offering advise and opinions. So, when there are candidates, we'll be here for you. brees