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


To: Coz who wrote (8537)1/23/1999 9:39:00 AM
From: Handshake™  Respond to of 25548
 
Cos, just think if they recommend buying 25000 shares at .13 and a take profits at $5 (which be leaving the bus way tooooo early)...you could pay for over 487 months of subsciption.
Hmmmmmmmmmm

:-)



To: Coz who wrote (8537)1/24/1999 5:36:00 AM
From: Eashoa' M'sheekha  Read Replies (2) | Respond to of 25548
 
Thanks So Much For Your PM Coz.

Very interesting indeed.

I checked into a couple of questions I had myself.Apparently it is illegal to short stock under a certain price in Canada,not sure about the US,but if you had shorted it at a much higher price,you don't have to cover when it falls below a certain limit.Therefore,the shorts that may be on this one were likely placed there some time ago.

I looked everywhere to find recommendations by brokerages and newsletter
writers but could not find any anywhere.Too bad,as I would have liked to see what the industry was saying about this one.

I looked into why the stock price was increasing and couldn't find information anywhere on that.There has been no drilling on any of their properties that I or my friends in the industry are aware of,so results are certainly not leaking out.

I looked into the question I had about them being a Gold Mining Company,and can find no information suggesting they are actually mining anything at this time or have the finances to do so in the future.That would make them a pure exploration company that depends on outside money to finance their operations.Money is pretty tight in today's invironment.Best they may hope for is a take-over of assets if they can find a buyer maybe or something like that.

I looked into taking possession of the Certs.that someone mentioned here.I don't like that idea,as you cannot trade out of the stock until you send in your Certs. That is a pretty dangerous position to be in,unless you plan on holding them no matter what the company does or doesn't do.Being an exploration company, things can become quite volatile and crashes to zero and delistings are not too uncommon.I would rather have the flexibility of being able to buy and sell at will.By the volume generated on this one,seems many feel the same way.
If a company is concerned about a large short position,it should do what most companies do and make the stock unattractive to short.IE:Start a drill program and actually find some Gold.

I looked into the trading pattern on this one and find it to be a very simple one to follow.I don't think I should publicly state what my interpretations are here.I don't like posting to this thead in the first place after what happen a few months ago.I have never called a company a scam on the internet,but I did witness one fellow who named about thirty companies with no reprisal from either.I think a company should be proven a scam before posters can say that.

Well...that's about it Coz..thanks again for your PM.Like I say..don't think I will be investing in either Dayton or MDIN till their dispute is resolved.Too risky for me.
So maybe chat again when this is resolved.As far as who I think will win,I don't think Medina has a chance if what Dayton says is correct and the court finds it to be such.But again....toooooooooooooooo risky.

Take Care

May God Bless You All And His Eternal Light Shine Upon You With The Truth.