Medinah Mining Inc. (MDHM) Message Board

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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)

MDMN 0.0001000

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Nov 28 9:30 AM EST

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To: TomNY who wrote (9876)	3/9/1999 3:47:00 PM
From: Geoff Coates-Wynn	Read Replies (2) of 25548

Tom- Wrong!!!, that's why reverse splits suck. Sometimes a company will say they just want to get the price up to get on a major exchange, but unless they back it up with a proposal to decrease the authorized shares in accordance with the rev. split, I wouldn't believe them; generally it's just so they can issue more. By the way, a RS can be any amount, not just 2-1. Also, I should point out that mgmt at both companies have made it clear thy do NOT intend to RS, and that's a promise they've kept. Now a question- I seem to recall seeing companies who had issued common shares up near their max without taking into account preferred conversion, warrants, etc, and then had to approve additional shares or a RS so that the conversion could occur? Anybody able to clarify whether this can happen? Geoff

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