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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.000001000-99.0%Jun 3 1:07 PM EST
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To: Don Rohner who wrote (3529)6/17/1998 7:36:00 PM
From: Mike Gold  Read Replies (1) of 25548
 
How was MDIN able to pull off this coup of DAY?

Speculation:
1) Some connection between Manchester Group and London based investors who hold much of MDIN's stock.
2) London investors decided that DAY stood in the way of MDIN's aims in Chile-more specifically the Andicollo properties.
3)These same people saw that DAY was ripe for a take over.
4)They got in touch with DAY's debenture holder who at this point was quite unhappy with things as well as DAY was late on their payments due to continued nonprofitability. D holder agrees to plan.
5)The Manchester group begins to buy DAY and demands there be a vote for new board members who are favorable to MDIN.
6)They outline their plan to major DAY shareholders, ie buy certain choice properties of MDIN's needed buy DAY to operate their process profitiabily while at the same time settling all law suits against DAY. Then DAY can be profitiable, MDIN gets lots of much needed cash to pursue their goals and they all live happly ever after.

I wonder how much of this is true? Other possibilities; MDIN mergers with DAY in share exchange and DAY becomes MDIN. MDIN gets its much needed exchange listing and DAY gets some great gold properties. MDIN gets to use DAY's underused production facility for cheap to proess nearby ore.
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