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

To: Debbie777 who wrote (2196)	7/9/1998 8:15:00 PM
From: campe	Respond to of 7039

Deb, Good post and very well summarized. You have a legitimate gripe...MIDLW holders have as much invested for the long run as any P & C holder and should be included in the trust.

To: Debbie777 who wrote (2196)	7/9/1998 8:45:00 PM
From: Ga Bard	Read Replies (3) \| Respond to of 7039

Deb you can vent on me all you want. I realize the warrant holders are not getting the dividend but on numerous post I believe it has been discussed that the warrants have no voting power, nor anything except a right to buy the common for .50 at which time they would acquire common stock which would give them voting rights and an actual interest in the stock instead of an anticipated interest. Warrants are certificates entitling the holder to buy a specific amount of securities at a specific price for an extended period, anywhere from a few years to forever. However no one can guess that any money will be coming into the trust or when. But the stop tranfers are still in place. The stock and warrants from my understanding will have to be bought back that have not cleared DTC that have stop transfers on them unless a judge orders the stop transfers lifted. Now any money is another situation. I personally do not know any specificchain of events that helps everyone but the events that are being done helps the ones that have an invested interest (basis). I have a 5 digit loss also in equity. JMHO GB

To: Debbie777 who wrote (2196)	7/9/1998 8:49:00 PM
From: Jack of All Trades	Respond to of 7039

Well Deb I sit in basically the same position 5 fig loss but I have 25% P. Call me crazy but after the release today I have set a time table in which to avg down. As far as I am concerned we have made a great hurdle to get the LT wrapped up. The Liquidating Trust has initiated suit against Mr. Daniel W. Fisher, former CEO and Chairperson of the Board of the corporation and his affiliates. Now we have a law suit, when you have a law suit the defedants have to be served... So now the DF and affiliates will have to answer this suit.... Who will win the race to the exit doors first.... BUT we also have a shell that has now fully detached itself from DF/Arcon... Awaiting next round of financials and hopefully a JV, reverse merger, acquistion... My 64K question is... Which will come first and when????? JeffG

To: Debbie777 who wrote (2196)	7/9/1998 9:45:00 PM
From: Kurt N	Respond to of 7039

Now is a good time to apply the lessons/terminology learned in regards to dividends/splits, which has been a learning experience for all :-) The PR says that the liquidating trust will pay a dividend. That means there are 4 dates involved of which 2 are established. Announcement: 6-28-98 SOR date: 7-14-98 ex-date: not set payable date: not set (and won't be until everything is liquidated) Which date is the most important??? The ex-date and it may not be earlier than the SOR date (it may be the same, which would be good). I believe when an SOR date is announced/set by the company it must be announced at least 3 business days in advance. Considering how the PR was after market close 3 business days would by Friday 7-10, Monday 7-13, Tue 7-14. It does give people who were never ever owners of any of the triad (MIDLP/MIDL/MIDLW) an opportunity to benefit from the L.T., which I don't like either, but those are the breaks. As far as warrant holders not benefiting from the trust, I understand since I own the entire triad (MIDLP/MIDL/MIDLW). The elements of the triad each have their own advantages/disadvantages. One thing in common with all 3 is a major equity loss on paper. One way to look at this is that you were given a 3 day window to either exercise their warrants (and become common shareholders) OR to use that money to buy common/preferred (costs less to buy common than exercise the warrant!!). This isn't what you wanted to hear, but a lot of people are in the same boat in regards to the warrants. It's brutal for those that only own the warrants, but the warrants should move up the fastest out of all 3 when the common is at $.70. Kurt ------------------------------------------ biz.yahoo.com >>Midland Inc. (OTC Bulletin Board: MIDL - news), today announces that, as of the close of business June 28, 1998, it had created a Liquidating Trust for the purpose of collecting all assets of the corporation which existed on that date.<< ... >>The beneficiaries of the Trust are all shareholders (Preferred and Common) of record as of the close of the business day July 14, 1998.<< .... >>The dividend of the Liquidating Trust shall be distributed on a post split basis to the Preferred ''A'' shareholders.<<