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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?


To: Win-Lose-Draw who wrote (17598)7/26/1999 2:03:00 PM
From: Mike Gold  Read Replies (1) | Respond to of 25548
 
" That's all the "proof" you had? You made that allegation based on Dayton's share-price??? Dayton has stated in writing that they hold no position, short or long, in Medinah."

I suspect their statement is an outright lie like several of the previous Dayton press release regarding Medinah or a play on words-ie shorted from an offshore account or through a third party etc. Nobody has more motive to short Medinah than Dayton as their only realistic possibility to survive the court cases would be the demise of Medinah prior to the cases coming to trial.

"BTW, if insiders control the share price at Dayton, a reporting company, what makes you think they don't control it at Medinah, where everything is wrapped in veils of secrecy?"

In the case of Dayton, insiders are simply not buying shares of Dayton despite record low share prices and have small positions to begin with. In the case of Medinah, insiders have a large position in the form of preferred shares-quite a vote of confidence that they have in their own company. None of the preferred can be converted to common for sale until a strike price of $1 a share is reached. Registering for sale of their non-preferred holdings probably is an indication that management wants to participation in the upcoming short squeeze which they have carefully planned.

What do suppose the odds the share price will reach a dollar? If my paycheck was based on this-I would move heaven and earth to see that it happens-exactly what Medinah is doing despite historically low gold prices.