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


To: Jack of All Trades who wrote (4112)8/20/1998 5:37:00 PM
From: Alastair McIntosh  Read Replies (1) | Respond to of 7039
 
Reason for Halt;

I periodically review the list of SEC trading suspensions and saw this stock listed. The reason given for the halt by the SEC is as follows:

The Commission temporarily suspended trading in the securities of Midland because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things: Midland's assets and liabilities; the identity and assets of the companies that Midland has announced it plans to acquire; Midland's current operations and business prospects; the composition and involvement in company affairs of Midland's purported management; and the possible misappropriation of assets by Midland's officers.

The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.

edgar.sec.gov