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auryn chile is a private company and always has been altho management said they were going to go public. under chilean corporate law, minority shareholders holding less that 30 percent have very little power and as maurizio has never provided a auryn chile shareholders list no one knows who the other shareholders might be that could combine with mdmn 25 percent.
the problem is you dont know who, if anybody is running mdmn They no longer have a registered agent in nevada to serve legal papers on and goodin wont even accept telephone calls According to the postings the company directors left are italo, a very junior chilean lawyer who knows nothing about public companies, and an ex broker from peru On the pinks the stop sign remains as they have not complied with the dec year end filing, have totally missed the march 31 filings and will probably miss the june 30 dates as well We dont know when, if ever, the auryn shares will be distributed altho my sources tell me it will not be this year
So sad to see a wonderful property stolen from the mdmn shareholders with no compensation!!!
do you have any idea how that could be done??? they never have a shareholders meeting!!!!
as the original sale of the alto to auryn chile was contrary to all the statutes of nevada and was never approved by mdmn shareholders the law clearly states this could be upset with severe damages to auryn chile however, with mdmn having no money and no way to raise any what would you do with the property??
would have been nice if amparo, maurizios wife, or maurizio himself had paid for any of the shares. Tupper did his investigation and indicated amparo had been given 140,000,000 shares with no payment and maurizio had been given 280,000,000 shares without payment and tupper said they all agreed to return the shares to treasury but Tupper left before he got that done.
totally agree with you goodin and maurizio have worked together to totally destroy mdmn and to them the many shareholders are nothing but a nuisance to be ignored and treated like mushrooms!!!! the fact remains that maurizio ends up with totally ownership of the alto properties without paying mdmn a single cent for the property
i would hope that management would come out with a news item stating they have now set the firm date to be january 1, 2020 and we could all sit back and wait with no further delays after that
although its a drop in the bucket when are we going to get our auryn shares has anyone had an update??
if they do not distribute the shares,even tho the return is so small, i would suggest this could possibly open up goodin and maurizio to criminal charges, or at least serious sec complaints for what they have promised
their issue that the removal of the restrictions is a big deal does not wash. any securities lawyer worth their salt could resolve this issue legally in less that 2 weeks. this is done every day with sec approvals
my geo contact has been in chile all week the word i get from him is the auryn distribution to mdmn shareholders will not take place until 2020. The timing will kick off when you see mdmn finally become legal in the state of nevada by paying their fees and filing who the heck the officers and directors are now!!! we may know more when and if mdmn ever files the march 31 and june 30 2019 long overdue disclosure filings on the otc markets and gets the stop sign removed
not dead yet just taking its last breath
the destruction of cerro dorrado by maurizio and goodin defies logic maurizio took, without payment all the preferred shares carrying 100 to one voting rights to auryn allowing him to do whatever he wanted without regard to any shareholders rights. all done with no shareholders meeting to approve anything. next he issued to his private Chilean company auryn chile 66 million shares
all this allows maurizio and goodin to acquire 100 percent of the entire alto package without paying one cent for the property or ever holding a meeting of mdmn, cdch, or auryn to approve anything. a complete theft of both companies. the promise of a distribution of auryn shares to the shareholders of mdmn has never come about and no word as when or if this will ever happen the next thing you will see is the retirement of goodin from auryn with another sweethart deal for him similar to the plus 400,000$ he got in march when he abruptly left mdmn with no management or direction
Will be interesting to see how this all plays out!!
first word for months today and stock trades down to 0.25 cents any hope for the future????
this information is at least two years old and has not been updated
i see today that medinah has now gone to a full stop sign on pinks for lack of compliance as well they are still not legalized in the state of nevada. we do not know who is in charge of the ship since goodin resigned. i am beginning to think goodins girl had it right when she let it slip that medinah is dissolving into thin air!!
goodin is still listed as a director of auryn we know he resigned suddenly from medinah after getting a gift in excess of 400,000$ as a parting fee for doing nothing for a year. what you were told is a violation of every section of the securities act re auryn et al and if he thinks he can hide from this he will find out he will be held responsible for all his misdeeds
according to the charts this is an all time low at least when goodin was president there was a live body to answer for mdmn even is he had no idea what he was doing. but now there is not even a named president or officers to give us any information, no matter what that might be sad sad sad
whats so wild today? i am confused!
good history report but none of this goes to todays status and the fact over the last three years since goodin and maurizio took over we have seen absolutely no progress other than both the mdmn and cdch auryn trading has gone Nothing but down to todays outlook as there being little or no chance of any recovery from their actions or inactions. The worst of this is the 100 to one rollback of the cdch auryn stock after issuing maurizio plus 66 billion shares and now the stock struggles to trade at 50 cents
Maurizio ends up with 100 percent of the alto properties without putting up a single dollar of cash to medinah!!!
after a complete digging by gary goodin, your friend tupper, and the forensic auditor they hired nothing was found that les had done improperly. do you think the facts are that they attacked the wrong party?? we all know that les had no powers to do anything that was not totally signed off by the directors.
at any rate they have now had 3 years to resolve any issues and all we see happening is many promises and nothing ever comes true!!!!
you, me and lots others!!!
sorry Goodin received a bonus of plus 400,000$ not 4000$ as reported
Maurizio and an update on Medinah
It appears to me that maurizios major plan is to hope that medinah goes away and dies a natural death.
A summary of the present status is a follows
Medinah is not legal in the state of nevada since october 31, 2018 the outstanding fees now exceed 3000$ and most important, the registered agent resigned in december and a new one has not been appointed
There is a yield sign on the pinks because mdmn did not provide the required comfort attorney letter december 31 nor the financial update due may 15 2019 and this will soon turn into a Stop sign
Gary goodin resigned as president and ceo on march 17 2019 after receiving a bonus of more that 4000$ in shares of auryn and a replacement has not been provided Who is in charge of the ship now?
All of the private shareholders of maurizios company in chile, Auryn mining chile, have received their pro rata shares of auryn mining and are able to deal with them. mdmn is still holding the auryn shares for the mdmn shareholders with the continuing excuse they cannot remove the restrictions on them, which in reality is a very simple process
The auryn shares are suffering badly after a rollback of 100 to one they now trade on very light volume with a low of .05 cents to about 50 cents.
We have heard nothing about the Hoth contract to see if they are really doing anything on the ldm reported contract
We could go on all day about this but it all points to little or no value for any of the existing mdmn shareholders!!!!
if you are a registered shareholder Pacific transfer would send you the auryn certificates. if your shares are in a brokerage account the transfer agent will send the shares to your brokers who would put them directly into your account. in either case you have nothing to do until or if medinah decides to send out the shares they seem to have some difficulty figuring out how to get the restrictions lifted from the shares
big move on the market today. the shares went from .05 to .06 up 20 percent!!! slow move up to a dollar at this rate
i think you are probably close to the mark. pity the long suffering mdmn shareholder that has held on to plus 1 million mdmn shares who cant sell now because he would miss the pitance being offered in auryn shares and after the distribution his mdmn shares would be worthless. boxed in to very little value either way!!!
the proposal is to distribute the auryn shares to mdmn as a dividend not an exchange therefore mdmn should continue as a trading entity.
the cost to reinstate mdmn in nevada is over 3000$ not a lot but must be paid. the company constution dictates it remain as a nevada corporation and subject to all nevada statutes in order to conduct business!
yes this is gary goodins office address the issue remains the company no longer has a Registered Agent in nevada which is required by law as the official contact for all filings and notices.
that is the office contact and operational office for gary goodins law practice now that he has resigned from all positions in medinah after collecting his plus 400,000$ salary for last year i guess no one has bothered to change this. as you know there is no filing in the state of nevada so its impossible to see where, if any, mdmn continues to have an office or if they have a registered agent in nevada to legally continue in business
today, may the 15th, is the due date for the corporate updates on the otc markets so possible this information will be contained in the fillings.
strange trading today as low as .05? then someone bought 100 shares at .74 at close sure dont know what will happen is goodin ever releases the shares to mdmn
any word when the auryn shares will be distributed to the medinah shareholders???
this was promised for the first quarter in 2019 and still no word
hopefully the distribution will spark some interest in the auryn market!!!!
it means gary goodin despite his last year fees of plus 400000$ is continuing to do nothing to administrate these companies properly
i was able to reach both sites mdmn and aumc thro the back door with lots of caution warnings
i see both the medinah and the auryn web sites seem to be down maybe some exciting news coming??????????????
great job doing the research on the hoth file. obviously the ldm is either very little use to hoth that they dont even have a record of a contract with auryn or they have already moved on and are not going to do any work. either way, it would be nice if auryn could release the truth for once.
as we no longer have a named president or ceo to ask i dont know where one goes from here to get the answers
i see on pink sheets today mdmn now has attracted a red caution flag indicating limited information available
sorry i missed this what does this mean???
thank you for the great report however, in reading thro the data i can find no mention of the ldm nuoco or alto property where maurizio tells us they are working. can you check this out to see if i am right??
the web sites are not well maintained. the current information can be best found on the otc markets site, mdmn, under the heading disclosure. it brings you up to december 31, 2018 with the next filing up to march 31, 2019 due on april 15. they have not maintained their standing in the state of nevada since october 31, 2018 so whatever is posted there is no longer applicable.
trading at .11 cents again today looking great!!!!!!