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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: john who wrote (20117)11/5/1999 12:14:00 PM
From: Mike Gold  Read Replies (3) of 25548
 
John, some Medinah longs have been selling recently as their patience with the company has simply run out....probably explains most of the recent decline.

Regarding the short position....the audit only showed an estimate of the short position as of the dividend date. My notes from the AGM-short position between 10 to 30 million-"closer to 30" as of May. It does go up and down. A few shareholders at the meeting who are very good at watching the tape believe shorting has been continuing unabated since that time so that the actual short position could be much higher.

Mike Morrison-attorney has 100 public companies as clients-most of which have a problem with shorts. He says that the short position with Medinah is the largest he has ever seen....
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