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


To: Geoff Coates-Wynn who wrote (4649)7/29/1998 6:22:00 PM
From: Mike Gold  Read Replies (1) | Respond to of 25548
 
Geoff, what you are missing is that the shares in question are the R-144 restricted shares that are out of the float to begin with. They come and go and never show up on the trading log until the restrictions come off. Their dissapperance helps by making each common share repressent a bit more of the company.



To: Geoff Coates-Wynn who wrote (4649)7/29/1998 8:15:00 PM
From: J. Nelson  Read Replies (2) | Respond to of 25548
 
Geoff: First great to see you on the board! Second why not roll 25MM over to Prfd.

take the 25 million shares and convert them 1 for 25 to 1,000,000 prfd shares
with a basis of .1575 cents or times 25 = $3.94 for a new trade issue of Prfd stock
with a value of $3.94 and a dividend payable when there is profits to support it.
Would you now have a over $4.00 issue of stock that could make you qualify for
the full NASDQ board? That folks is a question....?... as I have no answer for the
rules of full NASDQ yet there is a $4.00 amount and must that be on the common.
See I think any new issue can be what it's made to be! ie. 1 for 1
1 for 5 1 for 25 or the other way..
Where to hell is that news!