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

To: Handshake™ who wrote (7182)	11/17/1998 4:14:00 PM
From: Handshake™	Read Replies (1) \| Respond to of 25548

Interesting story: 1) Maybe they should buy Medinah out 2) look what it says about margin..point being only the MM's are short Medinah not anyone else. IN ITS QUARTERLY FILING with the SEC, K-tel says it has been notified by Nasdaq that it is not in compliance with the exchange's net tangible asset requirement — which calls for net assets exceeding $4 million. The Nasdaq counts net tangible assets as total assets — excluding goodwill — minus total liabilities. Under that definition, it appears K-Tel's net tangible assets are about $1 million — meaning it needs to raise some equity to stay in compliance. The company has requested a hearing with the Nasdaq's listing qualifications panel to get an extension on delisting, a notice for which was sent to K-tel when it failed to meet that $4 million requirement for 30 trading days. A K-Tel spokesperson says no date on that hearing has been set. A Nasdaq spokesperson says the average amount of time between notification and decision on delisting is about six weeks. Dow Jones reports the notice was sent three weeks ago. If K-tel were to be delisted, the company says it will try to list on Nasdaq's small cap market. While that market also has a net tangible asset hurdle of $4 million, K-Tel could qualify because its current market cap exceeds $50 million. That is as long as the company's 8.3 million shares stay above $6 each. If K-Tel were to be delisted and not gain listing immediately (if at all) on the small cap market, its shares would trade in the more obscure pink sheets; in that case its quote would not be found in the newspaper each morning. More importantly, stocks on the pink sheets can't be bought on margin and are less liquid. It has been individuals — witness almost all the trades being for 1,000 shares or less — who have been buying K-Tel. And many of these at-home traders have been buying those shares on margin. So without the ability to margin this stock, the buying power could well dry up. At the heart of this story is the fundamental issue for K-Tel. While the shares have soared and fallen on prospects for its newfound distribution channel over the Internet, K-Tel has been losing big money for such a small company. During the three months ended September 30, K-Tel had negative cash flow of $4.8 million and used another half million dollars for investing. To finance that, it borrowed $1.4 million under an existing loan and $2 million from its chairman. Since the company is more or less tapped out on borrowings from banks, it's clear it needs money to fund operations and get it back in compliance with Nasdaq. Last week in an interview on CNBC, K-Tel's president, Larry Kieves, said the company is looking. Click here to listen to the Kieves interview. “We are looking at several options now,” he said. “We are looking at several strategic opportunities for our company that would be very premature to announce right now including most traditional financing options, a secondary offering, perhaps partnering up with somebody in a strategic venture with regards to our sales.” The company may need to move fast.

To: Handshake™ who wrote (7182)	11/17/1998 7:38:00 PM
From: Ancil	Read Replies (1) \| Respond to of 25548

You say everyone should register their shares . Tell me is it possible that the insiders don't register theirs because they might not have ANY!!!!!!. Now that you have taken KMT position of spokes person for the company you could find out for us but make them prove it to us that they have stock that they have had not just new stock issued to them . THE SHARE COUNTS GOES UP EVERY TIME YOU CALL THE TRANSFER AGENT. GREAT BUY BACK PROGRAM. Odd every time shares get issued new money go into promoters the stock goes up on high volume and then falls apart and goes back down.

To: Handshake™ who wrote (7182)	11/17/1998 9:34:00 PM
From: Coz	Read Replies (2) \| Respond to of 25548

HandShake, As I recall, it was Ancil's bashing that pretty much caused KMT to quit posting. Now it looks like he's going to pick on you instead of simply looking in his mirror to see the cause of his investment problems. Please just ignore his nonsense when he posts it. I don't want to see you bug out of here to because of him. Remember, there are many here who greatly appreciate all you have done for us, especially your trip to the AGM and sharing the information you gathered there. I certainly have gained much from what you have shared here. Stay with us, man. Coz

To: Handshake™ who wrote (7182)	11/17/1998 10:41:00 PM
From: J. Nelson	Respond to of 25548

Handshake: If MDIN can't get money after the FED. cuts 1/4 % today there is something very wrong with there business clout! Heck who would not wish to get a deal like they have to offer. That dirll program is going the same way the last one did. It took time to rase cash and it was used up by the time the program came along so they did another deal. The buck is not the problem with the company it's the deals they make in there play on time and the price of the issue. This firm is run as a private company with investors and stockholders who are never asked to help till it's to late. What was it last time a need for cash and they let the stock run to .50 to .81 cents to firm up the deal. Time to do it again IMO. that is rase the price to cover the costs. You see if there is a short posittion it's not covering and waiting for sell's to cover and there may be that type of large posittion that will wait out the time as a short holds the cash in his/her fist untill the deal is done or there is no cover. From .50 to .07 is a wide gap to fill and with 5 MM to 8 MM short it would take days to run the issue up to .50 and the time is not here with peace on the issue. That is MHO on this deal at this time. So now it's buy, sell, or hold, as there is time to sell and buy back pre 1st of year or wait for it to happen.