Medinah Mining Inc. (MDHM) Message Board

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

MDMN 0.0001000

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Jan 16 9:30 AM EST

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To: Win-Lose-Draw who wrote (17035)	7/12/1999 10:05:00 AM
From: Mike Gold	Read Replies (1) of 25548

"Well that much is probably true, as there aren't many more to issue!" NOT TRUE. MEDINAH COULD STILL ISSUE ABOUT 30 MILLION COMMON PLUS MORE PREFERRED SHARES IF THEY LIKE. IN ADDITION, THEY COULD REAUTHORIZE THE SHARES OUTSTANDING CAP-THROUGH A SHAREHOLDER VOTE. KEEP IN MIND THAT SHARE ISSUANCE DILUTES MANAGEMENT'S OWN EQUITY POSITION IN MEDINAH. Look back over the last couple of years; every time there's a push to "bust the shorts" it turns out that the float went up significantly. TRUE. CHEAP SHARES REQUIRES THAT LOTS OF SHARES BE ISSUED TO PAY THE BILLS-IF NO SHORT POSITION-HIGHER SHARE PRICE-LOWER NUMBER OF SHARES THAT NEED TO BE ISSUED-IT IS A VICIOUS CIRCLE. IN THE PAST, MEDINAH SHORT STRATEGY CONSISTED OF SIMPLE SHARE REGISTRATION-THE WAR PLAN THEY ARE FOLLOWING NOW HAS A NEAR 100% CHANCE OF SUCCESS. Don't you think that maybe, just maybe, there is no massive short position? THE SHORT POSITION IS MASSIVE AND REAL. MEDINAH HAS PROOF. (TIDBIT-THEY HAVE PROOF THAT DAYTON MINING IS BEHIND A LARGE FRACTION OF THE SHORTING THROUGH NESBIT BURNS) That the phantom shares are, yet again, more issued stock you hadn't previously known about? NAKED SHORTING CAUSED CREATION OF PHANTOM SHARES-MMs SOLD SHARES THAT THEY DIDN'T OWN. IN ESSENCE-THERE ARE ABOUT 130 MILLION OUTSTANDING COMMON SHARES. THAS HAS BEEN CONFIRMED THROUGH SHARE CENSUS AND MOSTLY CONFIRMED THROUGH THE YET TO BE FULLY COMPLETED ACCOUNTING PROCESS BEING CONDUCTED BY THE DTC/BROKERAGE HOUSES/TRANSFER AGENT.

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