Looking for a short squeeze? There's a good one setting up
in a little known company call Medinah Energy- MDIN. Now
even MDIN management says CALL FOR YOUR SHARE CERTIFICATES!!!
The second paragraph of MDIN's news release
today says:
Medinah Energy Inc. requests that shareholders
register their shares with the transfer agent,
American Stock Registry, Salt Lake City, Utah,
in order to receive corporate information.
See:
rgm.com
This is after weeks of the short squeeze being
organized on the MDIN thread here on SI.
(Click on my name above and browse some of
the recent posts on MDIN and NPEC, a sister
company.)
Have you ever seen a company ask its
shareholders to register their stock with the
transfer agent before? This is preparation
for what may become one of the best short
squeezes of all time. Per Investor Relations-
Dave DiRicco at 1-415-261-9608 there are only
approx. 800,000 shares of MDIN in the public's
hands (out of 39,130,334 shares issued and
7,390,334 "free trading" shares.)
The rest of the shares are either
section 144 stock with restrictions (which don't
come off until next Aug) or owned by insiders
of the company.
With the registration drive which is being joined by
all of the company's insiders, illegal naked
shorting of this stock will be brought
to an end. Having the shares in cash accounts,
IRA's etc. will NOT do it. But once the transfer agent
has registered all the shares of the company-
including the entire public float- any futher shares
which are called in will require a purchase on the
open market from one of the registered stockholders
to complete delivery of the share certificate. The
shorts will be required to cover as shares
which they have shorted are called in for delivery.
The existance of the 39,000,000 shares has lead some
shorts to get way ahead of the game. Hence, it appears
that hundreds of thousands of shares have been
sold by naked shorters- with the expectation that they
will be covered once the Section 144 restrictions
come off. But there is a huge valley of
destruction for the shorts to pass through before
the restrictions come off of 31,740,000 shares.
An explosive situation like this only comes up once
in a very long time. For those who are willing to
take a bit of a chance on a very promising situation-
BUY SOME MDIN!!! and get out there- and
REGISTER THOSE CERTIFICATES!!!!
For more info see the thread at:
exchange2000.com |
