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


To: Ken Sammut who wrote (13507)5/10/1999 9:16:00 AM
From: Jane4IceCream  Respond to of 25548
 
In My Own Opinion,

Last Fridays action looks to me to MAYBE be the start of that action. Mostly orderly trades and not as much "shaking the trees" as previously. Also, as OFW pointed out we witnesssed the presence of 5 market makers on the bid at .50

Should be a very interesting week, to say the least.

Janebird



To: Ken Sammut who wrote (13507)5/10/1999 9:18:00 AM
From: Wes Stevens  Read Replies (1) | Respond to of 25548
 
Thanks Ken, that is about the way I read it also.

Anyone else see this happening differently?



To: Ken Sammut who wrote (13507)5/10/1999 9:38:00 AM
From: Solon  Read Replies (1) | Respond to of 25548
 
Hi Ken,

Simply put: anyone holding a stock short is responsible to pay ALL DIVIDENDS issued representative of the proportion of shares they hold short. This means that (by dividing up their company and issuing dividends), MDIN has forced the shorts to finance their remaining properties. This is how I read it.

In terms of their being any shorts, or how many there are...I don't have a clue. There was a fairly long build-up to this, and lots of churning--so I expect that a lot of shorts covered. However, I'm also convinced that many of our shares were held by very tight fisted shareholders. It has been a very interesting chess game, and I think MDIN management have thought out some shrewd strategies. I think this week will be the most interesting week in a long time. Just my silly intuition. I'll be away from the computer all day. Everybody have a good one.

Barry