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

To: Robert G. Ruth who wrote (20566)	11/16/1999 11:17:00 PM
From: Jim Bishop	Respond to of 25548

FWIW from RB By: Crafty1 Reply To: 2998 by Handshake Tuesday, 16 Nov 1999 at 6:30 PM EST Post # of 3004 It seemed to me, that this being a material statement of fact there would be some reciprocal announcement on the Nasdaq "company" side. Being unable to find such an animal - I called Russell Godwin to inquire if I was going to be able to find one. He suggested it was only a material statement " in MDHM's" case. 3 or 4 major shareholders of the other company have agreed to go forward and it is being taken to a special meeting of shareholders for a vote close to the end of the month. This other company as an example would have an asset... they would sell that asset and dividend the proceeds to it's shareholders - thus leaving a shell company. That shell would then be the basis for the combined/merged new company. In my opinion what would go into that is the two properties from MDHM's side and financing of drilling from the other side. What the ratio's are going to be (as to who puts in what) ... is probably what is giving the us 200 day window in that it's probably based on the next round of drilling results. The vote on the other side will probably give management the latitude to work within certain parameters to get the deal done.... based on results I assume. Any comments?? If they trade at $5... and put up 3 mill to drill .. we put up the properties .... 20 mill in market cap(approx) that works out to between 6 and 7-1, give us some latitude for the possibility of a great property. maybe it becomes 4 or 5 -1. who knows this may not be all bad. Crafty1