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

To: StaggerLee who wrote (3436)	6/16/1998 12:05:00 PM
From: KMT	Respond to of 25548

StaggerLee: That's my point. There's no way an insider would allow the stock to fall to $.09 (just 5 months ago) if he knew the assets were worth 100 times that much. And no amount of short selling can drive a stock down 95% when it is as heavily traded as MDIN was in 1997. I don't care if you borrow every share and short it -- it's not going to drop the stock by that much unless it is extremely thinly traded, which this one ain't. I disagree with your conclusion. With more than 75% of the shares held in restricted 144 stock and the "insiders" as you put it knowing what they have, what do they care if there's a short term dip to $.09. Take a look at how the company is structured. My conclusion is that management and "friends of management" own the lion's share of this issue. I don't think you'll ever see management's 144 stock come to market. It appears structured for a buy out. In order for any other entity to get a controlling interest they'll have to buy the company from management at a price that management deems fair. Take WHL's response to you to heart. You think these guys are trying to pull a fast one. I think we're sitting on a 30 bagger. Again, we'll see who's right soon enough. Believe me, it won't take too long. Cheers, KMT

To: StaggerLee who wrote (3436)	6/16/1998 12:08:00 PM
From: superdow	Respond to of 25548

Ya, I would be buying like crazy at 9 cents, however some of the best news has materialized since then