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

To: Ripley who wrote (1249)	6/23/1998 10:40:00 AM
From: E Richter	Read Replies (1) \| Respond to of 7039

Que?

To: Ripley who wrote (1249)	6/23/1998 11:18:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 7039

Ok ... well .... he is my take on this situationas a private investor... CEO Daniel Fisher announced today that a special meeting of the Board of Directors was held in Dallas to address the inappropriate actions of Mark Pierce, the corporate secretary. I cannot prove Dan is in the USA so I would like to know how he had a special board meeting with John Spriggs, James R. Clark or Wayne Duke. Just talked to John Spriggs and he does not know what Dan is talking about and never attented any such meeting.. A three-page due diligence report was issued by Midland/Arcon's corporate law firm, and its findings are that Pierce has no authority to: -- Announce verbal resignations that are false; -- Accept resignations of Board members without notifying the majority of the Board; Oh really well the board I have talked to do not know what is going ... they have not a clue of what Mr. Fisher is releasing to news wire. So to my knowledge the stop trnsfers are being effective and Dan has to gain control of the corporation so he can lift those stop transfers. I personally am sticking to the attorneys. Also I called the office (972 991-3200) and a answering service picked and Arcon is picking up messages. They have no idea if Dan is in Dallas ... No one does. S another turn of events. Now whether Mark is right or wrong ... I do not know but I am sticking to Mark Pierce and the stop transfers ... also I do not see how Arcon can hold a shareholder meeting without a 10K or a shareholder call. PERIOD. But that is just my opinion and I am trying to contact Mark about this news release. I have already talked to John Spriggs and he know nothing about it. Oh and John was a member of this quote unquote board Previously. GB