Medinah Minerals (MDMN)

[hoopsville]

Uh, what's to prevent the market makers just to continue shorting the stock? They are pocketing about $200,000 a day now with no apparent difficulty in keeping the share price low. What's to prevent them from shorting 10 times as much? I think the answer lies in a cash dividend to be declared by Medinah at the AGM. A shareholder survey of holdings has indicated that there are over one billion naked shorts outstanding. Each penny cash dividend would mean the market makers, or the hedge funds behind them, would have to distribute $10 million to the holders of those phony short shares. And if Medinah were to indicate that this was an ongoing quarterly dividend, now the MMers would seriously considering covering their shorts.