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

To: Ed Hoftell who wrote (1935)	7/5/1998 10:31:00 PM
From: Binder	Read Replies (3) \| Respond to of 7039

This is my opinion, and my opinion only, but I think DF-144 is DEAD. Gone, buried, taking a dirt nap, departed, deceased, disappeared, finito, history, O-V-E-R! I don't think it was ever theirs (Fisher's or Spriggs') to bring to the bargaining table in the first place, and they misrepresented themselves to the Midland board and to the shareholders throughout the entire ordeal. Was the product for real? I think so. Did it belong to Arcon? I doubt it, but that is for a court to determine. (Arcon claimed to have "worldwide patents", whatever those are, on it, which is where I think the material misrepresentation lies) A LITTLE TRIP INTO DAN'S WORLD... Now this is purely hypothetical on my part, but did anyone think that maybe Fisher knew that the "snowball of deception" was about to come to a crashing demise anyway, so he took what he could get and he ran? If Exxon wanted to test the product, I am sure they would have asked for clearance on it, which thusfar people have been unable to produce. It would have led Exxon to the guy in Kentucky, Spriggs would have resigned from Arcon, and Spriggs and the guy in Kentucky would have cut a deal with Exxon leaving Fisher out in the cold, having to answer to Midland as well as Novagaz shareholders. Rather than do that, why not make a news release, based on true fact (Exxon did indeed request a sample, and did not deny that), call everyone you know and run the stock up, convert shares, take the money and run off to the Bahamas? Fisher gets the money, his good pal Spriggs is clear to cut a deal with anyone, and an empty shell with no assets can decide how much money they can raise to try and fight them. What I don't think he counted on is the resolve of the shareholders, and the still very favorable stock structure of the Midland. I may be wrong, but the way I understand it is that the development of the shareholder's trust will free up the shell for other deals to come in. While it is not a very favorable metaphor, I think of the trust as a "garbage can" of sorts, to keep this whole Arcon mess so that Midland can be free to persue other options. With the shareholder's trust in place, a new company considering coming into Midland could be more comfortable in the fact that they will not be active in the legal mess in going after Fisher. Were the shareholders of Midland "screwed" by Fisher? yes, definitely, and not even kissed. Do we stand to get anything back by the trust? Possibly, remains to be seen. Are the shareholders the only ones who benefit from the trust? No, the company benefits as well, as the trust separates the Arcon mess from any company considering coming in. Is there any particular reason to buy, sell, or hold this stock? That is entirely up to the investor, after knowing ALL of the facts and doing their own DD, and weighing the information against their own financial goals and risk. Sorry if I am rambling, that it just the way I see it. :-) Binder

To: Ed Hoftell who wrote (1935)	7/5/1998 10:59:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 7039

That is the only way our equity is going to improve. Real assets and revenues which is what give stocks their worth. Trust and confidence has been tainted concerning this product. Investor RelationsTalked to Mark today to get an Update ... Concerning the Liquitating Trust: it has been executed and delivered by all the directors. Mark has applied for a tax ID number and registered the Trust with the local courts in Denver ... Once Mark has the Tax ID & affirmation then an 8K will be filed, hopefully this should be out week after next. Next is the law suit in the US: Mark has drafted it and should be filed this week with the federal district court, Legal representation has been retained. Bahamas Lawsuit: The Bahamas are very English (British) and should be filed within the next month; However the stop transfers are still in place; legal representation has been retained in the Bahamas. Violations: Sec 5, 12, & 17 of the SEC act of 1933 plus the 10B of the exchange act 1934 Because of there was no 144 stock available what was sold was unregistered stock which was restricted stock. Mark has engaged accountants for the 1997 audits and 10Qs to be filed. Mark has filed the 10b-17 with NASD on Thursday July 1, 1998 for the Liquidating Trust dividend. The 10b-17 to NASD on the split was filed a while back however Mark has not gotten the CUSIP for the 3:2 split as of yet. That is about it. Please if everyone would refer to the SEC filings for the specifics. GB