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


To: Handshake™ who wrote (13167)5/5/1999 12:02:00 PM
From: Jane4IceCream  Respond to of 25548
 
"if you had any sense at all you would be a buyer.."

I think you meant cents, but I'd rather that Mr. Loser not get a key to our clubhouse.

Carry On..

Jane



To: Handshake™ who wrote (13167)5/5/1999 12:03:00 PM
From: slave  Read Replies (1) | Respond to of 25548
 
This is not the kind of trading today that i thought we would have.Maybe it will get interesting after lunch.



To: Handshake™ who wrote (13167)5/5/1999 12:14:00 PM
From: Kenneth R. Moss  Read Replies (1) | Respond to of 25548
 
Handshake,

Why argue with "witless-LOSER-drip" ??

Witless=no brains, no comprehension,no common sense, Ga.Tech Graduate
LOSER= gone , lost marbles, no life, Ga. Tech Graduate
Drip= nuff said, just read his posts, Ga. Tech Graduate

See Vince, it would be a lost cause to argue with him. He doesn't have the sense to listen to the radio broadcast and hear what's going to happen to him and his cronies!!!!!!!

Regards,

Ken



To: Handshake™ who wrote (13167)5/5/1999 1:44:00 PM
From: Win-Lose-Draw  Read Replies (5) | Respond to of 25548
 
WLD How could that possible dilute the value of the company.

The day after the "dividend" MDIN will have exactly the same assets as it had the day before the "dividend". It doesn't matter what those are, they'll be exactly the same ones. Whether real, expected or imaginary, the value of those assets will not change because MDIN spins off another company. Will spinning of the company change the assay results? (No jokes please :-)

What will change is that the value, whatever it may be, will be spread over roughly twice as many shares. It's not the value of the company that is being changed, it is the value of your shares. This isn't exactly rocket-science; you're using the same bag of apples to make two pies instead of one.

There isn't anything inherently wrong with this; companies increase their shares-outstanding and spin things off all the time. Hell, YHOO announced they were increasing their OS by 5x! But to argue that this isn't dilution is ridiculous.

No new assets + more issued stock = dilution.

BTW, isn't ACA Howe now a part-owner of the new NPEC/MDIN shell? Not exactly an unbiased source now, is it?