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Microcap & Penny Stocks : MDI Entertainment (MDIH)

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To: Mr. Jens Tingleff who wrote (367)4/26/1999 9:27:00 PM
From: MDIH-Fan  Read Replies (2) of 563
 
With regard to the short position in MDIH I thought I may be able to offer an explanation. Since MDIH is a bulletin board stock market makers have the ability to short the stock on an up tick and a down tick. They can also carry the short forever!

It is for this reason that MDIH wants off the bulletin board. The only thing missing is the $3 requirement which I believe is not far off.

I also believe this company has no plans to execute a reverse split to achieve this number. The vote was in an effort to get shareholder approval should the board deem no other alternative. This saves the burden of calling a special meeting which also translates to added expenses. A few 200-300,000 share days, and we my friend are off to the races.
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