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

To: Ga Bard who wrote (2047)	7/7/1998 10:57:00 PM
From: Marshall W.	Read Replies (1) \| Respond to of 7039

Thanks Gary, I agree with your Post # 2047 portion hereby quoted: "I think warrants are anticipated holdings where the P and common are actual holdings. So I believe the dividend on the Liquidating Trust goes to the actual shareholders not anticipated are holders." After further pondering (brain strain), I have come up with a possible mitigating concept. 1. A former holder of Common shares may be entitled to share in a Liquidating Trust Fund when: a) Said Common shares were sold at a loss after an Act Of Fraud or irregular act, by a company Official or Staff, initialized a substantial reduction and/or a reasonable assumption of sustained or continued reduction of share value. b) The sale proceeds of said common shares were used to expeditiously purchase warrants or other equities of the same company, with the clear intent to enhance the present or future recovery of the incurred loss Best and appreciation for you good work, Msrshall W

To: Ga Bard who wrote (2047)	7/8/1998 10:27:00 AM
From: one_less	Read Replies (1) \| Respond to of 7039

What??? "I think warrants are anticipated holdings where the P and common are actual holdings. So I believe the dividend on the Liquidating Trust goes to the actual shareholders not anticipated shareholders." Isn't the P an anticipation of gaining 35 Commons, where as the W is an actual 1 to 1 exchange at the exercise? The W's aren't like options where they just cease to exist in a couple of months. If I don't exercise them, MIDL can force the exercise, which makes me see them as a Common in the waiting room. W holder, brees