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

To: Errick who wrote (9875)	3/9/1999 3:39:00 PM
From: TomNY	Read Replies (3) \| Respond to of 25548

Errick, wouldn't a reverse split halve the number of shares? I don't think they'd still be authorized for 100 million under those circumstances, would they? Wouldn't that number become 50 million? Otherwise your stake would immediately be worth half as much. Answers, anyone?

To: Errick who wrote (9875)	3/9/1999 3:54:00 PM
From: on parole	Read Replies (2) \| Respond to of 25548

Errick, Let me expound some more on my original comment. Yes, I agree, the best case scenario is always to issue the least possible # of shares, hit on the first holes, prove what you've got, and be bought out. That is a given. As an investor in these companies we know they have no cash so you have to accept dilution. What is disturbing is when you buy in way too early, months before the event is to occur, (drill program in this instance,) and the dilution continues to pay overhead and not invest in what is necessary to maximize shareholder value. The shares now are to maximize shareholder value so I don't see we can have it both ways. Would we rather stop the drilling program rather than continue and dilute? That is my point.