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

To: Jane4IceCream who wrote (20441)	11/16/1999 10:27:00 AM
From: Win-Lose-Draw	Read Replies (1) \| Respond to of 25548

When all is said and done in the end and the share price of Medinah is well over $1 and they are either still in business or in business absorbed by or side by side with another entity..... What on earth are you talking about? That isn't even remotely what the PR said. MDHM becomes MDHME, there is no way to avoid that now. Nobody is "merging" with MDHME! On the contrary, Les and the boys are going to dump tens of millions of MDHME shares on the market to buy a few percent of some NASDAQ company. The reason they need the 200 days is because the selling party doesn't want MDHME stock, so Les and the boys need time to dump it and raise cash. There is no merger here. What kind of merger is that when noone wants the stock of one of the supposedly-merging companies? There is no NASDAQ listing for MDHME. If - and it's a big if - this goes as suggested they're going to have 8% of a company that generates ~$400k in annual earnings (based on $300k for the past 9 months) making MDHME's share about $35k. Wow. $35k in earnings for the 37M MDHM(E) shares left in the till and a total OS of 150M. What a bargain! That's an EPS of, what, 3 one-hundreths of a cent??? LOL!