Still nothing from the company about how many MMining shares have been issued and how many MGold shares have been distributed to the brokers. Not a thing about any "massive short" position, and most telling, not a blessed thing about having an auditor and become reporting. Tick-tock-tick-tock.
Win-Lose-Draw: The answer is available to you with even a minimal amount of effort, and I quote from the May 14, 1999 News Release by Medinah Mining.
"The consideration for the sale of these properties to Medinah Gold, Inc. is 11,694,033 common shares, which have be declared, effective May 7, 1999, as a dividend to all equity holders of Medinah Mining, Inc. on a ratio a 1 share of Medinah Gold, Inc. for each 10 common shares owned of Medinah Mining, Inc. and 1 share of Medinah Gold,Inc. for each 4 preferred shares of Medinah Mining, Inc. The result of this dividend gives 100% ownership of Medinah Gold, Inc. of the current shareholders of Medinah Mining,Inc. in the same ratio as their present equity."
1.) The number of shares issued to the brokerage houses is 11,694,033 minus (the number to the registered shareholders plus the number issued to the preferred shareholders)
2.) Why do you wish to know the number of "street form" shares the brokerage houses received? Is this number important to you? It's not important to me. |
