98-22504. Midland, Inc.; Order of Suspension of Trading

[Federal Register Volume 63, Number 161 (Thursday, August 20, 1998)]
[Notices]
[Pages 44665-44666]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-22504]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


Midland, Inc.; Order of Suspension of Trading

August 18, 1998.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Midland, Inc. (``Midland'') because of questions regarding the accuracy 
and adequacy of information disseminated by and about Midland 
concerning, among other things: Midland's assets and liabilities; the 
identity and assets of the companies that Midland has announced 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 
officers, and because Midland has failed to file with the Commission a 
Form 10-KSB for the year

[[Page 44666]]

ended December 31, 1997, and Forms 10-QSB for the quarterly periods 
ended March 31, 1998, and June 30, 1998.
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of the above-listed company.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the above listed 
company is suspended for the period from 9:30 a.m. EST, August 18, 1998 
through 11:59 p.m. EST, on August 31, 1998.

    By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 98-22504 Filed 8-18-98; 1:04 pm]
BILLING CODE 8010-01-M