Midwest Holding Inc. (MDWT)

[Big Casino 1518]

I totally understand your position. I foolishly invested in a large volume of shares also, so we are in the same boat.

This company has been a shit-show since the beginning. The Meyer clan were a interesting group - and not in a good way. When Rick Meyer "retired" i had renewed optimism.

Now that we have a new Chairman & CEO, which I am happy they split the role even though they appear to be friends. These guys have an energy about them that I can't help but like. The website (www.american-life.com) has been remade and doesn't look like a 1990's dial-up website. They shuffled up the board, added a new member and changed the business model.

The 10-K was a disaster - but we expected that with the news they had put out.

A lot will be revealed when the 10-Q (quarterly report) comes out next week. The new product, the MYGA (multi year guaranteed annuity) will have had 3-4 months of sales. I originally expected one to two million of sales for the quarter. I think I may have underestimated the sales. We could have sold much more than that, so I am revising my estimate. Ten million or more in sales. Anything less will be a disappointment.

Also in the 10-K the company stated they will be rolling out a new product this year as well. No info about what type it will be.

This is a highly risky company with a highly risky stock, but I am cautiously optimistic. The next few quarters will tell us if it has a chance or not.

Best wishes for a profitable future for this company!