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

To: RMF who wrote (4878)	8/4/1998 11:57:00 PM
From: J. Nelson	Read Replies (1) \| Respond to of 25548

MICAP: Distrubeted 8,965,000 X 4 = 35,860,000 + 28,800,334 = 64,660,000 total shares of MDIN. Well hell that's one way of looking at it. I wonder if 1/3 of the shares went to early PP folks, as they were settled up with on a 3 to 1 basis. IMO it was 2 shares of common and you would get 1 share of Pfrd. yet I wonder if the 1 share was converted down to 1 to 4 ahead of the issueing?? hmmm that leaves us 1,465,000 @ 4 to 1 or a total of 5,860,000 common, and they got 2 for 1 so that would be 11,720,000 for a total of 7,032,000 shares in MDIN. the news said 28,800,334 total less the 7,032,000 = 21,768,334 and NPEC hold 14,400,000 some- = 7,368,334 now that's what could be a float? yet FMMG stated on or about May 98 there were 4,703,000 in the float on outstanding of 47,633,400 and we went up to 53,800,334 - 47,633,334 = 6,167,000 well now that's close. were looking for about 1,281,334 or some shares yet. Someone help with this mess as that's about it for me. Regards, Jim.... P.S. It will be more fun to see what they can do with this now that all the stock is Class "A" Preferred and NPEC owes nothing to MDIN or FIRE at all.