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


To: superdow who wrote (5627)8/20/1998 4:10:00 PM
From: Handshake™  Read Replies (2) | Respond to of 25548
 
SD like I have always said, if their was a stew ya wouldn't have to issue more shares. Their only saving grace could be that the kitchen attendees could have said the deal is on if you prove it up. Have they been in a hurry to prove it up. IMO no. They have been very slow to prove it up. I would have had drill rigs all over that puppy. You can now see why they didn't want to do a MINE type announcement. Then the SEC would have stepped in and halted. That would have prevented them from issuing a million shares. Unless they are issuing shares in order to manipulate the stock down so they can personally benefit from it. Nawwww that couldn't be. Maybe control of the common is a problem for them. Fidiciary responsiblity has to be one of their top priorities right?

:-)



To: superdow who wrote (5627)8/20/1998 4:11:00 PM
From: Mike Gold  Respond to of 25548
 
Don't know the details about the share issuance. My guess is they are going to the guy who gave the $2.5 million loan to MDIN as part of the terms of the loan. No money, no drilling, no big gold deposit, no increase in share price so I guess they don't have any choice but to issue the shares. Ugh. Lets hope the drilling pulls us out of this mess!