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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: robert heisman who wrote (22)9/11/1997 8:50:00 AM
From: WHL   of 25548
 
Stock promotion thoughts. Please consider the following: Both MDIN and NPEC are short on cash. I don't think there can be any doubt of this in light of the numerous older projects that need to be funded and the multitude of new projects that are now on line. So, would it be probable that Barry Kaplan is trying to sell his customers MDIN stock that is already in the float? I think not. It seems much more likely that the stock that is placed will be restricted stock from the treasury of NPEC, the coffers of existing shareholders and even new issues of MDIN. The sales may in fact increase the total number of shares outstanding.

It is my understanding that the purchase of the total float would cost only $1 M or so at today's prices. There are said to be only 600,000 shares in the float. That is not going to keep a stock promoter busy for long. So it is probable that Barry Kaplan Associates are busy selling stock that will be new to the street- although subject to restrictions which will keep it off the street for a specified period of time.

We will need to know what exactly is going on (in a non-hyped sort of way) so that we can coordinate our efforts with these sales efforts by the company. We certainly can get a cartel of at least the amount of the float together. We need to make sure that the company and/or Barry Kaplan will not take advantage of any run up in the stock's price by selling new issue and thwarting our efforts.
United (and pre-planned) we are strong!
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