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


To: Frank Fontaine who wrote (1016)6/18/1998 9:41:00 PM
From: Lazarus  Read Replies (5) | Respond to of 7039
 
Well I never did make my point with EUTO...

but for the sake of newbies...I will...

EUTO went from sub penny to .27. On the way down...everybody hyping. At around .10 as the stock is falling...everybody braggin' how they their buying cheap shares under.10....by and by...big new revelation...there are 50 million more shares OS than what everybody thought...nobody knew about the 50 million, even though everybody supposedly did their DD...

...as the stock tanks -- their are little rallys...but everybody with a gazillion shares [like Gabard and Bender who were in sub penny] is selling on the rallies...so the stock goes to sub .03

Now I don't know who knew what with EUTO...I just know that inspite of all the hype and buying on rallies the stock tanked....[stock is probably a buy now.]

My Point: I just don't think that all the hype and talk of avg down is going to support an empty shell ... with managment that has shown nothing but failure in the past. Shells are just too plentious and too cheap...You want a shell...I can show you a multitude of them for a fraction of the cost of MIDL some under a penny...one with a 10 million dollar loss carry forward on 30 million shares...that alone is worth .30 per share...[and the stock is only 3 cents.]

MIDL doesn't have ARCON - which was a scam
MIDL has no confirmed patents
MIDL has a bunch of shareholders who are "LOOKING FOR ANOTHER DEAL" thuogh it has no trackreckord of ever being able to "DO A DEAL." The shell is a former failed business...and now a fiasco.

Furthermore...one of the largest individual shareholders is now the Investor Relations Dept.

Well, for the sake of investors who have been ripped off...I hope that everything works out....I notice someone boasting about the price being up today...and it was...but there is a lot of selling when the bid is raised...I think too many pple are disgusted [and who can blame them] and just want out.

I am a speculator...and a pple reader...and I speculate that all the kings horses and all the kings men...won't be able to put MIDL back together again.

Prove me wrong and a lot of pple will be very happy...I personally will rejoice with those whose fortunes are restored. I hold no animosity towards Gary...and I am not in an anger managment crises over MIDL's demise...although I would like to feel worthy of some fine cognac and a half way decent cigar.

Lazarus - not much younger than you ... with 6 kids.