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I'm feeling better than usual about this week, but I've felt that way before. I'm not going anywhere regardless. Only a matter of when.
Hard to say Funky. Might be because whomever is accumulating MDMN is more focused/enthusiastic about MDMN. Could be because of the relatively low OS and much thinner trading that perhaps the big boys do their thing with MDMN first and then follow up on CDCH. Maybe none of those things. All I can say for certain is that, based upon the communication I've had, there have been no negative developments, fwiw to you.
Very much looking forward to seeing what kind of DIPS we have once we get our news and higher prices.
KNOW WHAT YOU OWN!
Thanks... starts at 12:20
Congrats!
There you go again Eats... letting facts get in the way of fantasy!
It's as if they did this interview just for us...
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/5/11_Jim_Sinclair.html
It's as if they did this interview just for us...
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/5/11_Jim_Sinclair.html
LMAO!
"I guarantee it."
Oh, well that changes everything then!
LOL!!!
$8 is still a bargain from where this will be long term, imo.
This is a low volume sell off and an outright GIFT, imo. I'll be looking to buy at the 200 & 50 MA's today around 6.95 & 6.70. If I'm really lucky we'll get back to the high $5's next week before she heads back up.
The only gold bubble that is bursting is the paper bubble of the manipulated COMEX. Keep an eye on spot prices and watch the bullion prices from the dealers. There will most likely eventually be a disparity between the two as the gap between reality and the make-believe COMEX widens.
With silver recently plummeting from $50 to the $40 area, today King World News interviewed Eric Sprott, Founder of Sprott Asset Management to clear up some misperceptions about Sprott’s sales of PSLV. There is a great deal of misinformation out there regarding what Sprott was actually doing when SAM sold some PSLV. When asked about what has transpired Sprott remarked, “Well Eric in response to your question, any proceeds that we’ve received from selling PSLV have immediately gone back into silver or other silver equities. And I can tell you we have the highest position in physical ownership that we’ve ever had, and we have not lost one ounce of our encouragement for the outlook for the silver price.”
Sprott continues:
“I sort of regard the things that are going on in the (silver) market as basically some group of traders working to get the price down quickly, particularly the overnight action on Sunday night when it (silver) goes from $48 to $42 in whatever it was, 9 or 13 minutes. It’s a travesty of a trading system that would happen.
We’ve been committed to silver and the fundamentals for silver and people’s interest in silver, so it would be massively incorrect to suggest we think silver has hit a high. We don’t think that at all, I’ve suggested it (silver) should trade at a ratio of one to sixteen to gold. Gold I am sure will be $1,600 not too long from now, and by implication that would suggest it (silver) could trade up to $100 and I’m not shying away from that.”
When asked if the sale was small compared to overall holdings Sprott replied, “Well, relative to what we owned it was an incredibly small sale. As a portfolio manager we have to manage the portfolio and there were other things that were underperforming PSLV that we thought we should reinvest our money in so that’s exactly what we did, all in the silver area...Our position in silver today in physical ounces is higher than it’s ever been.”
Another mainstream outlet put out a story today about Sprott selling silver and buying mining shares. The truth is that Sprott Asset Management has in fact increased its holdings of physical silver to the largest level ever and the KWN audio interview with Eric Sprott explains his stance on the the silver market, Sprott Asset Management’s position in physical silver and more. To hear the interview CLICK HERE.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/5/3_Eric_Sprott_-_Sprott_Has_More_Physical_Silver_Now_Than_Ever%21.html
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/5/3_Eric_Sprott.html - this is the link to the interview
Silver Bears part 6...
Facts aren't debatable and fiction isn't worth debating. It's only a matter of "when"...not "if"!
It's only a matter of "when"...not "if"! No need for debate.
That one never attracted my interest except for a few trades several years ago. C & M always seemed to be where the action is, but what do I know? I just read squiggles for a living!
Boy, this stock and MDMN are both holding up real nicely week after week for being pump & dump scams run by a Canadian con artist and a Chilean fruit vendor!
Where have you been all year??? The rumor is "next week"! :-P
Ditto!
I don't have any problem with that. I'm hoping you do stick around... seriously! I believe the company is going to eventually be able to answer all of your questions and resolve all of your doubts... whatever they might be.
You must be getting excited with MDMN under .10! I'm happy for you!
Load 'em up!!!
Sell all you want... I'll buy more!
I know very well which ones to load up on and have done so. I've heard that sometimes the hardest thing to do is nothing. Well that's what I've been doing with my C & M positions for over half a year now and so far it's been pretty easy. I do have Tom Petty's "The waiting is the hardest part" playing in my head a few times every day though!
Enjoy the weekend folks, and let's all pray that CS and some of his chat buds here get their fill of shares before the money xfer comes through so that they can finally show their true colors!
I guess it takes all kinds BB.
Right after the money is transferred!!!
Absolutely!
You're absolutely right CS. Guess I should have paid more attention. I didn't realize you were digging up ancient history, but then if that's what you have to do to find dirt on the guy then that's what ya gotta do.
Oh well, I tend to be a forgiving person and since I have taken the time and responsibility to call the man and speak with him myself, I think I'll trust my own determination, but you keep on keepin' on.
You had that article pretty handy! You're on top of your game! Have a nice day.
Nope. Here, let me copy & paste the link for you since you didn't even look at it...
Les Price Acquitted on All Counts:
Medinah's Price Jubilant After Bermuda Short Acquittal
Re: 2/9/04 - [MDMN] Stockwatch:
2004-02-09 22:03 ET - Street Wire
http://new.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bi...
by Brent Mudry
It took a Miami jury just four hours to acquit Leslie (Les) Philip Price on all Bermuda Short charges, after an eight-day trial and an 18-month legal fight, which cost the veteran Vancouver penny stock promoter $400,000. (All figures are in U.S. dollars.)
"I broke down (after the verdict). I was so elated and my lawyer was so elated," Mr. Price told Stockwatch in a phone interview Monday after his acquittal in United States District Court for the Southern District of Florida.
"You have no idea how vile the U.S. federal (court) system is. It is garbage -- just pure garbage," stated Mr. Price. "I proudly wear my Canadian flag and I will wear it a lot more proudly now than two weeks ago."
Medinah shares rose three-hundredths of a cent to a half-cent on Monday on the OTC Bulletin Board, on volume of 1.17 million shares.
Mr. Price, the former head of North Vancouver-based Medinah Minerals, was found not guilty on all 14 counts, including one count of conspiracy, 10 counts of wire fraud, two counts of securities fraud and a related count of money laundering $9,980 of proceeds. Readers should note the money laundering charge relates solely to an alleged stock deal, and has no relation to the drug money laundering charges against other Bermuda Short defendants in unrelated indictments.
"I was on the witness stand for three solid days. That was gruelling, absolutely gruelling," states Mr. Price.
Neither defence lawyer Paul Donnelly nor Assistant U.S. Attorney Richard Hong, the lead prosecutor, could be reached for immediate comment on the acquittal.
While Mr. Price has no firm celebration plans yet for his return home to Vancouver, he says he was besieged by phone calls from supporters, associates and lawyers from "all over the world" after his acquittal. "I tell you what I'm doing after this call -- I'm going downstairs to the bar in this hotel, I'm going to get so stinking drunk they're going to have to drag me up to my room," Mr. Price told Stockwatch.
The jury was told Mr. Price was unwittingly introduced into the sting by co-defendant Joe Huard, a Shamrock Partners principal who pled guilty, and the lure of a $5-million financing for Medinah by undercover FBI officers posing as representatives of a fictitous British mutual fund.
The star figures in the sting, who never testified, were controversial U.S. penny stock promoters David Jones and Robert Schlien, who served as key federal operatives, dubbed co-operating witnesses.
The indictment claims Mr. Price agreed to arrange for co-defendant Mr. Huard, the undercover agent, co-operating witnesses and a fictitious corrupt fund manager a total of $1.5-million in undisclosed kickbacks in return for the fictitious fund buying $5-million worth of overpriced Medinah shares. Only a small fraction of these large planned amounts ever changed hands, in what authorities call a "test trade." The indictment claims the fictitious fund wired $25,000 to purchase 25,000 Medinah shares, and Medinah, on Mr. Price's instructions, wired back an alleged bribe of $10,000, less a $20 bank fee, to the undercover agent's account in Miami.
Mr. Price says there was a "big disconnect" between indictment allegations allegations against him, especially on the bribery claims, and the evidence at trial. "I don't bribe brokers -- I don't need to bribe brokers," Mr. Price notes he stated on the only favourable undercover tape the defence was able to get tendered as evidence.
"Basically this was a tape case. There were 168 tapes (of undercover conversations) and they (the government) said that only 90 were apropo. They played (in court) 14 tapes they chose, and they fought us on every other tape," notes Mr. Price.
According to Mr. Price, the whole prosecution case broke down on one point -- the value of Medinah's mineral exploration property in Chile. "They (the government) pooh-bahhed it as just a hole in the ground not worth a piece of ####. At the end of the day, the jury said, 'Wait a minute, this is a real property. They (Medinah) spent $15-million on it,'" says the promoter.
"It was their (Mr. Schlien and Mr. Jones) credibility versus the property."
Mr. Price says that while prosecutor Mr. Hong repeatedly tried to dredge up the promoter's unflattering baggage, especially the Cumo Resources case, now more than 15 years old, the judge refused to allow this into evidence. "She said very clearly that unless I presented myself as a golden-haired boy who never even had a ticket for jaywalking across the street" the government could not introduce this as rebuttal evidence.
FBI TESTIMONY ON SCHLIEN AND JONES
Both Mr. Price and his lawyer Mr. Donnelly confirmed that a significant part of the defence case hinged on attacking the government's deal with promoters Mr. Schlien and Mr. Jones, the controversial promoters who lured scores of Bermuda Short defendants into the multi-indictment sting.
The jury was told that neither have been charged to date, almost five years after they signed plea agreements in a penny stock criminal case, and they have only paid half their fines.
The following is a brief excerpt of cross-examination of the FBI undercover agent on Jan. 29.
"The (1999) plea agreement which they signed also stated in there they would pay a $1-million fine?" Mr. Donnelly asked the FBI undercover agent in cross-examination.
"No, I believe my understanding is that the fine is a total of $3-million, a million and a half for each of them," replied the FBI agent.
"Since they have been out of custody and signed the plea agreement five years ago now, they both have not paid the full amount?" asked the defence lawyer.
"I understand half was paid when they signed the plea agreement and the remaining half would get paid when they get sentenced. So, they have each paid $750,000," replied the FBI agent.
In further questioning, the FBI agent also confirmed that both promoters live in homes worth more than $1-million, and launched a new business venture after the Operation Bermuda Short arrests in August, 2002.
"Since the operation itself and since they pled guilty, Mr. Jones and Mr. Schlien have actually formed a business known as Financial Fraud Recovery. Isn't that your understanding?" asked the defence lawyer.
"Yes, it is," replied the FBI agent.
"Financial Fraud Recovery, one of the things they advertise themselves as, they gained expertise while working with the United States Government. Isn't that how they advertise themselves?" asked the defence lawyer.
"I think that's one of the advertisement parts, yes," replied the FBI agent.
"As part of their website and part of their advertising, they tout themselves as gaining expertise in the field, if you will, by working with and in conjunction with the United States Government. Isn't that true?" asked the defence lawyer.
"It's my understanding, yes, as part of their advertisement they have advised theye have co-operated with the government," replied the undercover FBI agent.
(Readers wishing previous details on Mr. Price's Bermuda Short saga may refer to Street Wires since August, 2002, under the U.S. symbol MDMN. Details of one Schlien-Jones case, Sky Scientific, are noted in a Street Wire dated Nov. 17, 1999, under the Canadian symbol VSE.)
© 2004 Canjex Publishing Ltd. All rights reserved.
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I think you mean "acquitted"...
"It is ironic you bring up Madoff as several of the charges (securities fraud, investment advisor fraud, theft) he was convicted of mirror what Les Price was convicted of in Canada."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=2337032
"Maybe past performance is an indication of future performance in
his case."
Oh, how I do hope so!
Just returning the favor.
I prefer fresh squeezed orange juice for that. Milk is too mucus forming!
Who do you think you are... Bobo???
Not a clue. Probably just a glitch in the system.
Ummmmmmmmmmmmmmmmmmmmmm...
no
Those who can see the mountain for the trees here will be among the recipients of the next major "transfer of wealth" in this country, which is slowly but surely emerging, imo. To those that don't... there's still time to open your eyes.