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: eims2000 who wrote (14671)	5/30/1999 7:02:00 PM
From: superdow	Respond to of 25548

That is a nice feature but I keep hoping that one of these bashers will say something worth reading:)

To: eims2000 who wrote (14671)	5/30/1999 9:49:00 PM
From: Jim Gold	Read Replies (1) \| Respond to of 25548

You had asked about why Medinah would hype by a press release unless it is to raise the share price. I would tend to agree that the press release is certainly intended to raise the price. If you look at the recent history of this company, the logical conclusion is that it is cash poor and that it has had to dilute to continue funding of drilling, assays, attorney's fees (cusip change and Dayton), etc. Using a press release to raise the share price ideally accomplishes two things. The first is enables necessary dilution to be kept to a minimum, and the second involves the primary goal of a company employee. In a sense, the single purpose of a corporate officer is to enhance shareholder value. There is no other reason. This seems so obvious to me that I don't understand why you presented your question as if there is anything wrong with it. Am I missing something?