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: Mike Gold who wrote (5180)	8/11/1998 9:17:00 AM
From: Joe Bilich	Read Replies (1) of 25548

Mike--thanks for all the good information. IF (as you note, this is only a possibility at this point) in fact they do have both a rich placer deposit and the source of the eroded material that would make MDIN instantly a very different and much more valuable company. One question--in your discussion you mentioned that the reason for the preferred issue was to avoid a flood of sales as Rule 144 stock came on the market. You indicated that such sell-side volume had been what shorts had been expecting. That was my reasoning as well. OK--so the shares expected by shorts won't materialize now. So--do we have the potential for a short squeeze? Did you and Ralph discuss this at all? Was the company trying to put pressure on existing shorts or simply prevent further price erosion as Rule 144 stock came on the market (which would attract new shorts)? Did Ralph comment on what the preferred issue did vis-a-vis existing short positions?

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