To: Handshake (11913 )
From: KMT Thursday, Apr 29 1999 3:25PM ET
Reply # of 12028
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!!!
|
