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

To: James Bender who wrote (3302)	8/10/1998 12:57:00 AM
From: Ga Bard	Respond to of 7039

Are we over the authorized amount of shares? Yep Are we going to be asked to authorize more shares during this new shareholder meeting. Possibly yes... we need a registration ... can't issue shares without a registration and can't do a registration with out shareholder vote in a fully reporting company when it is more than the 350,000 registration that exists now. Even though there are stops transfers in place the stock has been issued. Now if we get an aquistion and they get issued restricted shares that equates to more than 50% to authorize the registration and can be done without a shareholder meeting I believe. If there are no aquistions then we get a shareholder meeting we have to vote. I personally will vote for the registration myself. Since we do not have an acquistion I do not consider it until it is a black and white deal. Just waiting GB