SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?


To: Mike Gold who wrote (20413)11/15/1999 8:34:00 PM
From: Handshake™  Respond to of 25548
 
Mike there has always been a cloak...lets hope that cloak suckered the 'ol boy Nancouver network and not the lit'l ol shareholder.

Besides that NASDAQ company if they have signed a NDA and are in negoiations would need to file an 8K ASAP imo. I'm sure the regulatory agencies do have some time frame that is alloted for "secrecy" so that the parties can negoiate in good faith without having competitors get an unfair advantage. As a shareholder in the other company I would certainly want to see Medinah's audited financials to make sure a left hook doesn't hit them from afar!!! That may be why the 200 days. Time to drill, time to assays and time to bean count!!!!. Amazing they announce this now huh? If the other shoe drops tomorrow....then maybe we can stop saying "next week"

:-)



To: Mike Gold who wrote (20413)11/15/1999 8:51:00 PM
From: john  Read Replies (1) | Respond to of 25548
 
I will admit that I'm a little disappointed in the PR.

You should be Mike, it appears it is no more then a stalling tactic.

Was hoping for more specifics and not such a long time frame.

The Mercedes Chrysler merger was quicker.But then again this one is what? FIVE times larger, LOL

I do know that the company in question has required the confidential agreements but wish it was otherwise.

I call another LES PRICE "tall tale" to that statement, does anybody believe anything Les Price says.? Don't all respond at once, may knock the SI servers down.

Now we have an unknown company we are merging with

There will likely not be a merger

and an unknown JV fund partner and

Only an IDIOT fund manager would J/V with this company, but heck they may announce a financing as early as tomorrow.....................

naturally to be completed within 195 days

cofidentiality agreements in place, naturally.......

I mean after all the fund manager would not want to be known as an idiot in front of his peers


an unknown short position

You mean, the imaginary short position

since nobody was shown the forensic audit

Another Les Price "tall tale"

and an unknown gold deposit because we haven't drilled enough drill holes.....

Actually, NO known gold deposit, but they may drill in the Y2K, but methinks not

enough to drive me to drink!

or to at least think about a class action suit, Les usually loses, but where are the assets? nope waste of time there,

pass the rum


Ahhh, its not so bad. I like to believe that Medinah has other unpleasant surprises for the short position.

They do, they are buying all the shorts a 5 day Disneyland pass for the price of three, boy that Medinah management knows how to get value for a buck.....................

and while all the shorts are in Disneyland, Les and wife will be on their annual Christmas cruise, just laughing his backside off at the Medinah shareholders who have so defended his practices over the years.


Naturally, while on that cruise he will be reviewing the SB-10 filings so that Medinah can become fully reporting.

Cheers.

and cheers to you to Mike, congrats for hanging in this LONG, today's news has got to be disheartening



To: Mike Gold who wrote (20413)11/15/1999 10:37:00 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 25548
 
I will admit that I'm a little disappointed in the PR.

Yep, still batting 0.000 Mike. Plastic spoons and tin cans of Chef Boyardee. And if they give you many more of these PRs you might want to consider saving those plastic spoons; won't be long before you'll be able to trade them one-for-one for MDHM(E) stock.



To: Mike Gold who wrote (20413)11/16/1999 6:27:00 AM
From: Joe Bilich  Read Replies (1) | Respond to of 25548
 
Mike--as an MDHM long, much as I would like to agree with you, I really can't. This release stinks.

All in all this looks like a complicated way of saying "we are working to acquire a NASDAQ shell, have a target, and are negotiating terms and conditions". In no way should this take 200 days. That kind of timetable also precludes getting things done before MDHM would become MDHME and vanish from our screens. If MDHM takes such a 200 day route to the NASDAQ it will have a pink sheets sticker on its travel trunk if and when it gets there.

This release was pathetic. It is vague, noncommittal, and fails to define a deliverable except that we might see it next July. Further, it says that "MDHM will acquire...". Acquire what? Presumably a NASDAQ listing. For what? Gotta print shares imho. Worse, it is written by #*)$%)*(%MDHM! It is not some other, independent outfit saying that MDHM has assets worth some (even indefinite) price.

If you have any influence on MDHM management please use it to get them to realize this kind of release only further erodes their credibility.