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

To: Mike Gold who wrote (13976)	5/15/1999 8:40:00 PM
From: J. Nelson	Respond to of 25548

Mike: I'm not picking on MDHM it's taking place on lot's of stocks. I cut this for proof from a board. Please read and try to understand that the reporting with the SEC. may become a big problem due to lack of firm numbers used for the audits! Clip......... To: XXXX,XX From:Mr. XXXX Friday, May 14 1999 8:06PM ET Reply # Xxxxx.X, Thanks for the respond. Perhaps, you misunderstand my question because you did not receive a Proxy Statement. xxxx 10Q report for 1st fiscal quarter clearly stated that xxxx had 10 millions authorized common stocks, and 5 millions authorized preferred stocks. The company had issued 14.4 millions shares of common stocks, which is 4.4 millions shares over the authorized amount.To repair the error, xxxx had to convert the extra 4.4 million shares into preferred stocks to comply with SEC. It means that xxxx had max-out its common stocks of 10 millions and should have 4.4 million shares of preferred stocks outstanding. (These are facts filing with SEC as of November 30, 1998). Here is my question: The Preliminary Proxy Statement I just received from xxxx indicated that as of March 25,1999, xxxx only has one class of voting stock, with a total of 7,843,234 shares outstanding. Why there is a discrepancy in the number of the outstanding shares? What happened to the other 6.6 millions shares of stocks issued? ******************************************************************* So what do you think? **************************************************************** Edit: Yet it's not as hard to figure out as this one..... To: From: Wednesday, May 12 1999 12:34PM ET Reply # Authorized/Outstanding Shares Just spoke with the Transfer Agent. Interwest Transfer Co., Inc. 1981 East 48800 South, Suite 100 Salt Lake City, UT 84117 (801) 272-9294 They said this is the most recent information they have (as of May 3rd, 1999) for ARET: - 500 million shares authorized - 470 million shares issued and outstanding (May 3, 1999) ******************************************************************* Good Luck, Jim... Regards, Jim....