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

To: Joe Algermissen who wrote (5477)	4/24/1999 1:07:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 7039

Its all in the filings ... From the 10K .... C. Investment: During 1998, the Company purchased common shares in Cyberquest,Ltd., a privately held Colorado corporation (Cyberquest), for $23,125. These shares of Cyberquest were later exchanged for 1,315,800 common shares of CBQ, Inc. (formerly known as Freedom Funding, Inc. ), a publicly held corporation (CBQI). This exchange was characterized as a tax free reorganization under the Internal Revenue Code and resulted in Cyberquest becoming a wholly owned subsidiary of CBQI and the Company holding restricted shares in CBQI. A former executive officer and director of the Company at the time of the investment in Cyberquest and the exchange with CBQI was also then a majority shareholder, executive officer and director of CBQI, although this person was never a shareholder, executive officer or director of Cyberquest. Cyberquest is a developmental stage company operating in the internet business. The Company's investment is stated at cost at December 31, 1998. Management believes the stated cost of the investment approximates fair market value at December 31, 1998. It is reasonably possible that management's estimate of the fair value may change. GB

To: Joe Algermissen who wrote (5477)	4/24/1999 1:10:00 AM
From: E Richter	Respond to of 7039

Read the filings. It's in there. I think the original investment was around 23K while CBQI was still a private company, but I don't want to get the details wrong. ER

To: Joe Algermissen who wrote (5477)	4/24/1999 12:16:00 PM
From: Dusty	Read Replies (4) \| Respond to of 7039

Joe, those are good questions. Maybe someone can lay out the connection between CBQI and MIDL? In the meantime the fact is all Midland has is a stock certificate which is paper. No assets or real value exists unless or until the stock is sold in the open market. So the true value of the stock we hold does not have a constant value due to the fact the share price is a changing factor all the time. Last I looked it was down .75 cents but perhaps the price has gone up in the past couple of days? One thing appears clear to me;if Midland sold all of its stock in the open market to obtain cash for whatever reasons, it would likely tank the price of CBQI shares. Regards, Dusty

To: Joe Algermissen who wrote (5477)	4/26/1999 12:37:00 PM
From: Joe Algermissen	Read Replies (1) \| Respond to of 7039

Okay, Midland owns 6.4% (1,315,800 million shares) of CBQI's stock, for which it paid $23,125. According to Midland's 10K, Management believes the stated cost of the investment approximates fair market value at December 31, 1998. On that date, CBQI's low was $6.25 and its high was $8.25, so the lowest value I can see would have been $8,223,750. As I write this, the bid is $3.38, making those shares worth $4,447,404. A few obvious questions leap to mind: 1. How do we reconcile management's "fair market value" with the actual price of the stock on the date in question? 2. Where did Midland get the $23,125? 3. Why don't my investments perform this way? 4. I've got a check for $23,125 ready to go. Since CBQI is selling for basically half of what it was in December, can I get 2,500,000 shares of CBQI for it? But I'm not greedy - I'll settle for 1,000,000 shares. 5. Can someone show me a picture of our fairy godmother who turned this pumpkin into a magic coach? I'd love to see Midland trading again, and I hope we all get our money back. But all I see right now is a lot of hope hanging on some all-too-familiar hype. Joe P.S. You'll note that this post doesn't flame anyone, either by name or by inference. It just states a few facts and asks a few questions.