Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ga Bard who wrote (2200)	7/9/1998 9:04:00 PM
From: Frank Fontaine	Read Replies (2) \| Respond to of 7039

Gary, This is not meant as a flame to anybody. I think what We have is a classic case of people buying securities with out fully knowing what they are doing. Warrants are not stock. Warrants are only a right to do something. In this case the warrants are a right to convert to common shares of stock at a given price. Nothing more. Warrants are different for almost every company. It depends on the designation at the time the warrants are issued. Again, Warrants can be bought and sold but they are not stock in a company. Only a right to do whatever their designation was at issue. Frank

To: Ga Bard who wrote (2200)	7/9/1998 9:18:00 PM
From: Debbie777	Read Replies (1) \| Respond to of 7039

Gary, Don't get me wrong.. I knew I had no voting power when I bought the warrants. I bought as many as I could get with the funds I had at the time.. knowing I was going to have exercise funds available this month (from other Stock options that were going to become vested). I figured that would give me the most shares for my money at a price I could afford. I believed so strongly in the potential of this company that I was terrified the price would go up on the commons before my funds were available. I didn't want to take that chance so I bought the warrants. ROFLMAO.. that's pretty funny considering the common is now going for less then what I paid for the warrants!! I would have no problem with any of this had it been past P&C holders who had invested before all hell broke loose. What I have a problem with is someone who had no previous interest, who hasn't lost a dang thing, can now come in and have a interest in the Trust over people who invested earlier. Voting power or no voting power that is not right. I hope for the longs that stayed in and waited that you do receive funds from the trust. Deb'