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

To: TJG who wrote (1787)	6/29/1998 11:57:00 PM
From: Dusty	Read Replies (2) \| Respond to of 7039

To anyone: I finally had a chance to digest all of todays press release. I have a few questions I hope someone can answer. 1. I noticed there was no mention of who the board of directors of Midland are at this time. Who exactly are they? They were not mentioned in the press release of June 29th. 2. Who is in charge of disseminating information for Midland? 3. Who is drafting the press releases at this time? 4. There was a reference made to other entities involved with Dan Fisher, no names were mentioned. Who are these people? Thanks to anyone who can assist me in ironing out these wrinkles. Dusty

To: TJG who wrote (1787)	6/30/1998 3:06:00 AM
From: Kurt N	Read Replies (1) \| Respond to of 7039

Midland, prior to merger with Arcon was a clean shell (no assets/no liabiities). Liquidation deals with assets/liabilities only (ie. corporate shell intact). A dissolution entails a liquidation, money from the liquidation distributed to shareholders, and terminates the shell. >>In the event the Company is liquidated, dissolved or wound up, the Company is required to pay out of the Company's assets $21.00 per share of Series A Preferred Stock before any payment may be made to holders of the Common Stock.<< Comment: If the company does not make a payment to holders of MIDL, then they are not required to pay the MIDLP holders. So why, do a liquidating trust if in the end nothing is paid out to shareholders and the company keeps whats left??? Answers/reasons: #1: Cleans corporate shell #2: By getting the brokerages/firms to put those in a trust (the MIDLP fisher has in his accounts offshore/US and cash from MIDLP sold offshore/US) in addition to other Midland assets (ie. nothing) the money/MIDLP is protected. [fisher can't take it and run away never to be found, but neither can Midland take it outside the trust until ALL liabilities are settled/discharged/cancelled]. #3: fisher claims the money/MIDLP is his. In order for him to get it, he must sue the trust and not Midland. He must also prove that he is entitled to it in a court of law. Midland can prove that he is not entitled to it. #4: Assuming all liabilities (including fisher's claim) are eliminated/taken care off the trust can be terminated, after returning the assets (MIDLP shares + cash) to the company. MIDLP shares will probably be retired. Trust is like a safety blanket. Worst thing is that Midland is an empty shell. Better thing is Midland an empty shell with $$$. Even better is that $$$ in conjuction with Midland shares working a deal with John Spriggs and DF-144. [or some other excellent revenue/profit generator aquisition]. Kurt