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

To: Handshake™ who wrote (4871)	8/4/1998 8:50:00 PM
From: Ancil	Read Replies (2) \| Respond to of 25548

Check your numbers again. Take a look at the total picture.

To: Handshake™ who wrote (4871)	8/4/1998 9:38:00 PM
From: J. Nelson	Read Replies (1) \| Respond to of 25548

Ah, Handshake: I think Ancil was right in the math. You see the truth is to read them News realeasssses real slow and studder so I can understand them while ya read dem. 1. ISSUE & REDEMPTION $1.00 NO UP OR DOWN VALUE! 2. DIVIDEND RATE 10% PER YEAR IF APPROVED! I THINK ON THE COUNT YOU HOLD OF PRFD SHARES ONLY 3. CONVERSION FIXED PRICE .25 CENTS. FOR EACH COMMON OF 4 PRFD NO MORE NO LESS. 4. OWNERS OF PRFD. CAN ONLY CONVERT 1/3 OF THERE TOTAL CLASS "A" OVER THREE YEARS (that one may be a little trick with the dividend) (we should talk about that more) -----what happens to the stock if you do not convert say 600 shares no conversion 1st.year second year convert 200, year 3 try to convert yet you can only convert 1/3 that's ah 1/3 of 400 = 132 class "A" so look out. Now what happens to the non converted shares???hmmmm... Ancil how am I doing? 5 that is little trickey to do will try that in the next post. Regards, Jim....