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

To: CIN-CIU-E who wrote (4106)	8/20/1998 9:48:00 AM
From: Jeff Harrington	Respond to of 7039

Well, I'm concerned about warrants. Never did like that term. Maybe we should ditch the warrants from our (ahem) stock structure. There's going to be enough warrants out there shortly already. Arrest warrants! Maybe we should issue arrest warrants only and not stock warrants. One thing I've been wondering about is what really happened with New Departure? How did Duke end up on the board after the reverse merger failed? What's up with that? JH

To: CIN-CIU-E who wrote (4106)	8/20/1998 10:03:00 AM
From: Rande Is	Read Replies (1) \| Respond to of 7039

I highly doubt anyone will be going to prison. These "busts" usually only net a hard hand slapping. Sometimes they will suspend or restrict securities trading, but more than one has returned with a different name to start again. The monies are usually gone and they simply claim destitution. The govt is usually left with nothing to pass along to shareholders and creditors. My guess is that there are a group of other penny stocks that have already been earmarked for take over by these same individuals. Reverse split, reverse merger, hire a pr firm, then start talking about new assets and projected revenues, fire up the press and sell that stock. Denver, Nevada Corporation, Vancouver or Boca Raton. These are the keywords for certain disaster. If penny traders were smart, they would get the ability to short the pennies. [Farsight and others allow in US with minimum cash equity] It is far easier to spot a loser than a winner. Rande Is