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: EtTuBrute who wrote (8940)	2/6/1999 4:33:00 AM
From: on parole	Read Replies (2) of 25548

BONZO, I didn't respond regarding shorting at these levels. I asked the same question of the company some time ago. The response I received was that shorts were betting there would be more dilution since the company did not have the cash to institute a drill program. They did not take into consideration that the shares for drilling were restricted with a buyback option. I do know of another company where people posted on the old Yahoo board they were shorting at .07 and were going to make a fortune. Everyone laughed it off, and guess what, they made a fortune. The company paid off debenture holders with stock and instituted a 1 for 70 reverse split. People got wind of it the day before it was to happen bailed and the stock opened the next day around $2.80 with a move straight down. The stock has been as low as .15 to .20 and has just recently made it back to .80. I looked back at my notes since the time for drilling and results has been mentioned as overly optimistic. I see I have 1st core written down so maybe this would make more sense.

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