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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: BKLYN BOYZ who wrote (11940)4/29/1999 4:54:00 PM
From: KMT  Read Replies (3) of 25548
 
All:

I've had some questions so I'll clear this up right now.

This is a dividend not a reverse split. Anyone who tries to convince you this is a reverse split is short, IMO. You do not lose your MDIN shares, you still own them. In addition to your current MDIN shares, you now receive 1 share of the newly formed private company for every 10 shares you have of MDIN.

Along with your MDIN shares, you'll own stock in the newly formed Medinah Gold company which has purchased all of MDIN's assets except for the Lipangue and LDM.

Of course anyone who is short the stock won't be able to pay the dividend given that they can't buy stock from the newly formed private company. So....I guess they'll just have to pay whatever the going market rate is for MDIN to cover their short before the dividend date.

Tomorrow they may try to work together...let's just see how long it is before one of the shorts breaks rank...you know it's going to happen shorty...then it's every short for himself...don't let the door hit you in the you know what on the way in. <G>

KMT
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