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

To: Alan Markoff who wrote (3828)	8/17/1998 4:25:00 AM
From: Selk	Read Replies (1) \| Respond to of 7039

Very good post on the history of this outfit! Enough blame to go around, isn't there? Has this company EVER produced anything except headaches and broken promises? First order of business should have been the installation of a revolving door! Selk

To: Alan Markoff who wrote (3828)	8/17/1998 5:08:00 AM
From: wlcnyc	Respond to of 7039

Amen!

To: Alan Markoff who wrote (3828)	8/17/1998 7:46:00 AM
From: Dusty	Respond to of 7039

Alan Markoff, thank you sir for the great post! I am continuing in my effort to dig out any and all information in the latest SEC filing Midland filed dated 6/29/98. From the best of my recollection in the beginning when Midland, Inc., was presented and initial due diligence was presented, I somehow got the definite impression this was basically a shell company. It had appeared that most of the business ventures had gone south or sour so to speak. Yet I find in the last SEC filing that some hefty financial compensation was paid to the following individual. Robert W. Marsik, 1996 100,000 0 President, CEO 1995 $ 85,000 0 and CFO 1994 72,000 0 Employment Agreements: Mr. Marsik previously entered into an employment contract with the Company on September 1, 1995, which had a five year term ending September 1, 2000. Mr. Marsik, pursuant to this agreement, received a base salary of $100,000 per year and $500 per month as a car allowance, as well as health insurance under the Company's policy and vacation benefits. The contract was terminated on the acquisition of the Subsidiaries on February 18, 1997. The Company and its current officers are presently negotiating agreements as to compensation. Stock Option Plan: On September 1, 1995, the Board of Directors and shareholders of the Company adopted an incentive stock option plan (ISOP) for employees of the Company and the Subsidiaries. The ISOP is intended to advance the best interests of the Company by providing those persons who have a substantial responsibility for its management and growth with additional incentive by increasing their interest in the success of the Company, thereby encouraging them to remain in its employ. Further, the availability and offering of options under the ISOP supports and increases the ability of the Company to attract and retain individuals of exceptional managerial talent upon whom, in large measure, the sustained progress, growth and profitability of the Company depends. Only employees who have contributed to the profitability or administration of the Company and/or its subsidiaries are eligible to participate and are only entitled to receive that number of shares which fairly reflects the value of their services. The ISOP is presently being administered by the Board of Directors. The 500,000 shares available for grant under the ISOP have been registered under the Securities Act. All options granted under the ISOP will be evidenced by agreements which will be subject to the provisions of the ISOP, as well as such further provisions as may subsequently be adopted. The option price per share will be determined by the Board of Directors at the date of grant, but will at least equal the fair market value of the Common Stock on the date of grant. Any person owning 10% or more of the voting power of the Company who may receive grants under the ISOP will have an exercise price equaling or exceeding 110% of the fair market value. All options must be granted within ten years of the date of the ISOP, and no option may extend beyond the expiration of five years from the date of grant. As of May 5, 1997, no options had been granted under the ISOP.Memo ------------------------------------------------------------------- Memo: For a "shell" company this appears to be fairly substantial compensation. For that kind of money this individual should have been doing something to enhance the company's bottom line. I think you have hit on something Alan, and it stinks for sure. While reading Alan's post where he took time to put it all together, it does appear either the officers and directors of the company had or has delusions of grander or it is in reality a "SHELL GAME." All of my information was derived from the last SEC filing 8-K dated 6/29/98. I will share a tip that can greatly speed up research with any SEC filing. Save it to a file and import it into your word processor so you can do a word search. This will save untold hours of reading. Folks, this is just my opinion take it for what it is worth: I believe may small companies who are shells and possible scams are counting on we the shareholders NOT reading the SEC filings. Call their bluff and get busy digging. Like Gary said it is all there, but if we do not each take time to do our own digging we will likely not see the red flags waving in the breeze... Dusty

To: Alan Markoff who wrote (3828)	8/17/1998 8:32:00 AM
From: Dusty	Read Replies (2) \| Respond to of 7039

Alan, and All: FWIW the following may prove useful? <<The address for Mr. Traios is 3 Irodotou Str., Piraeus, Greece>> Do you think Mr. Traios would do some dd on the Greek shipping company; maybe Charlie Stidham, EVP could fly over and assist since he is reported to be in charge of shipping and trading operations. ------------------------------------------------------------------ <<the address for Mr. Pierce is 4221 E. Pontatoc Canyon Dr., Tucson, Arizona 85718>> I am curious if this is Mark Pierce's CURRENT address? It was my understanding he had his case moved to a Denver jurisdiction? Does any one have a working phone number for Mark that will net a live connection and not an answering machine? It seems that the area code for him has recently been listed as 303. The prefix for AZ is 602. ------------------------------------------------------------------- << and the address for Mr. Marsik and is 12528 Kirkham Court, Nos. 6 & 7, Poway, California 92064.>> ---------------------------------------------------------------------- CALL to ASSIST: *** Does anyone reading this post know if any of these men are living in "high" rent districts? If you are in any of these areas and could do a drive by and report on your findings it would be great. The shareholders need to know what assets might be available to them. <<No arrangement or understanding presently exists for the election of directors or executive officers.>> I can think of an arrangement; shareholder take over. I would venture to say of the shareholders who managed to amass the fortunes invested in this shame, they have as much capabilities as anyone who has been in charge of the company to date. The shareholders have the right as well as the responsibility to step forward and demand resignation of any and all who have failed to perform in the best interests of the company. Furthermore, a few good candidates for CEO would be; Richard Harris; Alan Markoff; Jeff Rainey or Wayne Balkwil; all are men of integrity. This is a random listing of names and was not done in order of qualifications. If there are others who have a business background and wish to toss a hat into the ring, please do so. We are talking the loss of vast sums of money; this is not a game. Trying to rush to sign another agreement with a shipping company that none of us know for sure it is even legit or viable; could be akin to adding gas to an already raging fire. If someone has discovered any meaningful due diligence on NHSA please step forward and post it; or at least inform the rest of the readers how and where to obtain information on this company. There are some who are against the facts and truth coming to the attention of the shareholders. They want to get the price up by any means. My guess is they plan to bail out and leave any unsuspecting shareholders holding the bag. This is unacceptable; IMHO Dusty

To: Alan Markoff who wrote (3828)	8/17/1998 6:49:00 PM
From: Boob	Respond to of 7039

EXCELLENT POST ALAN!!!!! That really puts a whole new perspective on this stock....I had forgotten about those "deals" that seemed to have vanished by the wayside..... Reading that post really makes me open my eyes...you're right, something does stink....I am sitting at a huge loss on this one and in hindsight, we were all morons for not seeing this ploy all along. It is obvious to me there is more than one person (DF) responsible for the "scamming" of investors....thanks for opening my eyes Boob...will do all I can to get to the bottom of this pile of $hit