Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Handshake™ who wrote (10169)	3/13/1999 5:40:00 PM
From: Dan P	Read Replies (1) \| Respond to of 25548

Handshake: With Medinah at .40 or so, the issuance of some more shares can go a long way to pay for the drilling and other expenses. Would be nice to continue to get great drill results, which would undoubtedly get the stock higher, and be a lot less dilutive to issue new shares. Furthermore, given a solid company, I personally wouldn't be opposed to a reverse split, which would solve a lot or problems, although usually this is done in situations where the company is compelled for other reasons. Regards Dan

To: Handshake™ who wrote (10169)	3/13/1999 6:30:00 PM
From: J. Nelson	Respond to of 25548

Handshake: Why not pay off everyone with Preferred shares? It would stop dilution would it not? Think of it this way pay off the rent on the land with convertable Preferred shares of 4 to 1 v/s streight common. Just figure into it the cost of the .25 cent conversion price against the current price of the stock. IMO. this may be a path of real "Least Resistance for All" It would stop current dilution untill such time as the total project is bankable or a offer is made by a major. The dividneds could flow over to the holders and the flow of common out of the company ends. If it's good down the road the holders of the payments can cash up at .25 cents a share and get there big payoff at the end. What ya think? I know that would not allow for stock to be sold into the float yet the value would rise more without it IMO. Regards, Jim.