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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (13652)	4/29/1999 3:52:00 PM
From: Trader J	Read Replies (1) \| Respond to of 56537

CD: From what I understand, since it is a private placement, you cannot pay the dividend. They are doing this to FORCE the shorts to account for their shares. I understand that they designed this program with two separate lawyers well versed in short squeeze strategy. Tj

To: Canuck Dave who wrote (13652)	4/29/1999 3:56:00 PM
From: Trader J	Respond to of 56537

Here ya go.... To: Handshake (11913 ) From: KMT Thursday, Apr 29 1999 3:25PM ET Reply # of 11929 It looks like the shorts have 6 1/2 days to cover their short position otherwise they'll also be short the dividend which can't be covered because it's a private company. I hear we'll probably be sending in our certs soon to be null & void Medinah Energy certs for the T/A to exchange for certs of Medinah Mining and the dividend. By isolating the Lipangue and LDM properties all by themselves it sure looks like the company is grooming them for a sale. Any buying done between now and the dividend date will net us the dividend. I don't know if that means it has to settle by Friday which means buying by Tuesday or doing a cash settlement. This would be a great time for one of those nine majors who have signed NDA's to lay a big fat tender offer on the table! It's show time!!! KMT