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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: Handshake™ who wrote (4871)8/4/1998 9:38:00 PM
From: J. Nelson  Read Replies (1) of 25548
 
Ah, Handshake: I think Ancil was right in the math. You see the truth is to read them

News realeasssses real slow and studder so I can understand them while ya read dem.

1. ISSUE & REDEMPTION $1.00 NO UP OR DOWN VALUE!
2. DIVIDEND RATE 10% PER YEAR IF APPROVED! I THINK ON THE COUNT YOU HOLD OF PRFD SHARES ONLY
3. CONVERSION FIXED PRICE .25 CENTS. FOR EACH COMMON OF 4 PRFD NO MORE NO LESS.
4. OWNERS OF PRFD. CAN ONLY CONVERT 1/3 OF THERE TOTAL CLASS "A" OVER THREE YEARS (that one
may be a little trick with the dividend) (we should talk about that more)
-----what happens to the stock if you do not convert say 600 shares no conversion 1st.year
second year convert 200, year 3 try to convert yet you can only convert 1/3 that's ah 1/3 of
400 = 132 class "A" so look out. Now what happens to the non converted shares???hmmmm...

Ancil how am I doing?

5 that is little trickey to do will try that in the next post.

Regards,
Jim....
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