To: KMT who wrote (6162 ) 9/15/1998 9:19:00 PM From: Handshake™ Read Replies (1) | Respond to of 25548
"Point 13 states in part, certain properties in this action are not owned by the plaintiff, Medinah Energy Inc. but are held or owned by Sierra la Plata, S.A., the wholly owned subsidiary of plaintiff, Medinah Energy Inc. FACT - true and the term "wholly owned" in this case constitutes ownership of the company and therefore, any and all assets and liabilities. Medinah does not deny responsibility and ownership of its assets in Chile to suit the need of the moment." This has always been my favorite part. IMO if someone who worked for this the subsid of this company and was trading in and out of stock for whatever reason they would be violating "insider trading" rules as mandated by the SEC, of the US of A, not Canada. I'm not saying this is going on, just stating a FACT for future reference should it ever come up. oh say in a court proceding. See guys, if a company such as Dayton, or even a Homstake was trying to play hardball and use hardball tactics to discredit a company such as Medinah in order to gain properties or leverage on that company THEY would not need to resort to "shorting" a stock in order to gain an edge. All these companies would need to do is disclose fraudalent "insider trading" activites to the proper authorities for one hell of a feather from the reg agencies and all the leverage they needed. Vice versus, if I was a Medinah type company and I knew one of their board members had my stock and neither the company or that shareholder had not disclosed I could use this to my advantage. Not doing so IMO would open up the litigation gates, and the failure to act upon it and just BS about puts it in question as being such...BS that is!. Again I'm not stating that these comapnies are invloved in the depicted forgiven examples just trying to make a point clear....LOL! :-) Gary, its all in that RICO!