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


To: EtTuBrute who wrote (8940)2/5/1999 10:59:00 PM
From: on parole  Read Replies (1) | Respond to of 25548
 
BONZO,

You can call the transfer agent to confirm more shares aren't being issued with more dilution, so if additional shares are being sold where would this imply they were coming from? With BB stocks volume is misleading as every transaction between mm as well as to the ultimate shareholder is counted in the figure. Even with all this the price has gone up so what is your theory?



To: EtTuBrute who wrote (8940)2/6/1999 12:21:00 AM
From: KMT  Read Replies (2) | Respond to of 25548
 
Gary:

It's quite easy to churn a stock and make 1MM shares of buys look like 6MM shares, no?

KMT



To: EtTuBrute who wrote (8940)2/6/1999 4:33:00 AM
From: on parole  Read Replies (2) | Respond to of 25548
 
BONZO,

I didn't respond regarding shorting at these levels. I asked the same question of the company some time ago. The response I received was that shorts were betting there would be more dilution since the company did not have the cash to institute a drill program. They did not take into consideration that the shares for drilling were restricted with a buyback option. I do know of another company where people posted on the old Yahoo board they were shorting at .07 and were going to make a fortune. Everyone laughed it off, and guess what, they made a fortune. The company paid off debenture holders with stock and instituted a 1 for 70 reverse split. People got wind of it the day before it was to happen bailed and the stock opened the next day around $2.80 with a move straight down. The stock has been as low as .15 to .20 and has just recently made it back to .80.
I looked back at my notes since the time for drilling and results has been mentioned as overly optimistic. I see I have 1st core written down so maybe this would make more sense.



To: EtTuBrute who wrote (8940)2/6/1999 9:54:00 AM
From: findstock  Read Replies (1) | Respond to of 25548
 
t. Nice to hear from deepthroat. Does deepthroat have any info on who sold millions into the millions and millions of shares that were bought this week,

Bonzo, maybe you need to refrain from eating bananas for a while...who sold a great number of shares this past week....

Keyword: Daytraders
Keyword: Short termers
Keyword: Bought at .20 and sold at .30...

There are people Bonzo that trade on a 5 cent profit, and I mean a TON of them....and there are daytraders that have bought and sold this stock probably 6 to 8 times this week.....you talk like you haven't ever been in a bb before, or you don't know what happens when the price has gone up from .07 to .37...put that increase in your calculator and see what you come up with......however, many of us are waiting for the REAL price of this stock to come forth.....again, I recommend that you stay away from bananas, and sniffin the Vanillia extract....relax and enjoy the ride