Medinah Minerals (MDMN)

[Goldstrike]

You actually believe... Les Price... would be responsible.. management...???

This question was asked of you and you have answered it in this and your previous posts, stating that Mr. Price was a brilliant strategist and should not be so disparaged by the shareholders. Mr. Price is the arch enemy of the common shareholder. What happened to MDMN’s sister, NPER, is what would have happened to Medinah, namely a shameless theft of capital and an eventual end to the company. Most think that this was Mr. Price’s aim with Medinah.
The quip in my post about Mr. Price’s ability to provide more than adequate communication to the shareholders reflects back on his previous role as chief storyteller and confidence man. As I’ve said before, the great tragedy of this con was that a very promising property was presented to us and that they used that promise and the dreams of (often) naïve investors to advance the money making schemes of a small clique. Although evil, this was indeed brilliant strategy, a plan benefiting a very selfish few.
My heart goes out to the poor people who lost much of what they had with this company. Fortunately, I am a small investor of 150,000 shares, cautious from being burned in another mining stock that lost half it’s value. That’s nothing compared to my 90 per cent loss in Medinah. But then, it was only 8 thousand bucks of my money that now is worth 800 dollars. Worst was the tongue-lashing from the wife when she found out how the story turned out.
It was a good story, entertaining, to be sure, a real cliff-hanger at times. Not worth the price of admission for many, however. It is to those victims of this con that we owe a debt of respect , and it is wise to remember that with a bad decision, any one of us could have made the same dangerous mistake of overbuying a company and a story that enthralled us. So a little respect for the people so deeply hurt and whose names are disappearing from the forums and hope for legal justice for the perpetrators, both the chief criminal and all his pied pipers is in order, I think. Above all, thanks to current MDMN management for their great effort. Remember, no news is often good news.