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Gold/Mining/Energy : NP Energy Cp New -- Ignore unavailable to you. Want to Upgrade?


To: J. Nelson who wrote (13956)2/4/1999 10:24:00 PM
From: Ken Sammut  Read Replies (3) | Respond to of 22810
 
I thought I would post the following as many new shareholders are finding this thread.

As we all know, NPEC owns 20% of MDIN. As MDIN continues to move up, NPEC will also be a beneficiary over and above what NPEC's businesses contribute.

I copied this post from a regular on MDIN. The company has believed that there has been a large short position and has encouraged shareholders to request that the stock be registered in shareholder name instead of street name.

>>>To: KMT (8874 )
From: Realist Thursday, Feb 4 1999 8:42PM ET
Reply # of 8889
A source I spoke with today indicated a Chilean group, which holds
10,000,000 shares of mdin and has been trying unsuccessfully to receive
their certs received a call from the transfer agent today. The response:
we're not able to deliver them. What happens now, does the transfer
agent contact the SEC and the mms are forced to cover? If a short
squeeze can occur in a penny stock this looks like it has all the
ingredients: strong fundamentals, a large short position, and a large %
of certs registered. Let the games begin. >>

If the MM's have to buy on the open market to replace the above shares, it will be great news for MDIN and NPEC.

The link below will take you to the MDIN thread and KMT's post. KMT is tracking how many shares are now out of street name.

Message 7668853

Ken