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

To: Scooter who wrote (1797)	6/30/1998 8:37:00 AM
From: Oscar	Read Replies (1) \| Respond to of 7039

Re: EIN Number "Applied For". Scooter, I am concerned in this sense: It is obviously the ultimate responsibility of a company's CEO to assure that his company has a federal tax number in good standing. It would not surprise me if former CEO Fisher had not taken care of this matter, since we have already learned that he was remiss in other filing responsibilities. He had time to get out plenty of misleading press releases, allegedly to steal shares by working through a hand-picked TA, and to carry out elaborate arrangements to dispose of certain assets, but not enough time to file a proper SS-8 (it takes about 3 minutes) for a tax number, to follow through on the paperwork necessary to implement the May 18 press release concerning the split, or to file other documents with the SEC. Now, maybe it was all a matter of his not having time. In the case of the tax number, if I were an investigator on the scene, I would be remiss if I did not also look beyond the possibility that he just never got around to it. I would look into whether Midland at some point had *another* tax number which Fisher or some other "official" decided it was worth changing. I would look into what, if any, other tax or social security numbers may have been used to tag Midland asset accounts, whether for cash or securities. If Joe Blow (not a poster on this thread, as far as I know) wants to start a pizza shop and open a bank account in its name, the bank will allow him to use his own social security number to tag the account for a fixed period while he is applying for a federal tax number. Sometimes the bank will be tenacious in getting Joe to switch the numbers at the end of 30 or 60 days, whatever it is, sometimes not. If the bank does not require it, and Joe does not take care of it, the assets may appear, to the government, to be Joe's rather than the pizza shop's. In the event that Joe and Joe's Pizza are legally the same, that is no problem. But if the Pizza Shop is actually owned by investors, it could get kind of cheesy. Midland is no pizza shop, Dan Fisher is certainly not half the man Joe Blow is, and there may be not cat up this tree. I grant you all that. Long and strong on MIDLP, Oscar