Coz: Well get this! FMMG Research Highlights states (In August, 1997 the
company (MEDINAH ENERGY, INC.) acquired the assets of Frontier International
Resources Inc. for 30,000,000 restricted common shares. The assets comprise gold,
silver, and copper properties, delegated to Medinah's whollyowned Chilean
subsidary, Sierra La Plata S.A. for development.
So why would Frontier International Resources that is owned by Medinah be
selling shares for $236,250.00 ? Why would Medinah give back to Frontier
shares of preferred stock if Medinah owns the company? Why buy out one firm
Frontier with 30,000,000 restricted shares and the owners of the shares
hold the 144R shares only to cancle 25,000,000 of them for a 4 to 1 new
issue of Restricted Preferred Class "A" and recieve a total of 7,465,000
of the new shares with a 4 to 1 conversion of 29,860,000 in total. Unless
the diffrence of 4,860,000 is for PP. investors of the past and 5,000,000
shares are held of common yet in Frontiers hands (of orginal owners) hmm
It looks like a company that was acquired in August of 1997 for 30,000,000
shares is not closed yet opening for trading again. Yet they could not
trade the 5,000,000 144R issue or could they? and if so will they? hmmm.
intresting if any of this is of fact from the information supplied to
FMMG, by Medinah. IMO we have some answers due the stockholders of
NPEC/MDIN/and or FIRE. Well that's just my take on the mess so have a nice
day thinking.
Jim.... |
