Medinah Mining Inc. (MDHM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Medinah Mining Inc. (MDHM)

MDMN 0.0001000

0.0%

Nov 28 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TomNY who wrote (15149)	6/9/1999 10:06:00 AM
From: Mike Gold	of 25548

Something to consider: Recall this Newsrelease? "Lake Elsinore, Ca., August 4, 1998... Medinah Energy Inc., wishes to announce the adoption of a resolution creating 10,000,000 Class A preferred shares holding the following privileges: 1. Issue and redemption price - $1.00 per share; 2. Dividend rate - $0.10 per share, payable at such time as the Board of Directors determine; 3. Convertible at the option of the holder to common charges of the Corporation at the ratio of $0.25 for each common share divided by the purchase price of each preferred share of $1.00 each; 4. Owners of record may convert 1/3 of their Class A shares on July 10, 1999, 2000, 2001;......" The significance of this is that management will be able to convert 1/3 of its Preferred Shares to free trading common shares on July 10 of this year if the share price is at $1 per share. I'm sure management will do everything in its power to get the share price above a dollar by then. Cheers.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next