Medinah Mining Inc. (MDHM) Message Board

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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: KMT who wrote (4590)	7/29/1998 10:53:00 AM
From: WHL	Read Replies (3) of 25548

Well, Kev. I gotta say that MDIN has a very nice feel to it these last few days. The CCI looks like it will turn positive today. If so, we will be well over $.30 again in short order IMO. The biggest problem and what kept tanking the stock ($.81 to $.15 and $.50 to $.10) was the issuance of new shares. Even though the issuances were for acquisitions not overhead, the stock still tanked. Now we can forget all those issuances in one shot. More than all of the stock that was overhanging the market has been eliminated in one stroke. The TA confirms that 25,000,000 shares are gone from the market- all at once- poof. This is not something that is going to happen in the future with some reverse split or whatever. This is something that has happened already. The outstanding shares have been cut in half. As an extensive owner of this stock, I find this discovery to be good- very good.

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