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Again Rick Amarant has 10 years to paid up or loose the money correct? answer this question to yourself honestly. Since we do not see or have seen the contract nothing stands on the way for Medinah to Cash the 3.0 billion shares in the next say 5 years or even 3.
Rick
I have never said this is a SCAM. Please re-read and follow my thought. If Amarant does not perform and you know very well THAT is a possibility. 10 years and 180 million is a long time to be engaged to be married to Medinah without ever performing. Agree?
I do not want to be negative but the circumstances circunventing this deal are completely designed to make any shareholder like myself go BANANAS and question the integrity and capacity of the BOD and YES JJ.
How many PS we had prior to these 3 billion shares? 1.2?
Now we have issued an additional 3 Billion? How long is it going to take? Another XX years? A pretty good return on investment to me If I was a member of the BOD or Juan Jose Quijano Fernandez.
In reference to all these investors bankers, the consortium partners, their geologists, lawyers and financial backers and their investors etc etc)Rick THIS IS A PRIVATE DEAL AND THEY (meaning Amrant) ARE IN NO OBLIGATION TO DO ANYTHING(Unless they release the names of the mega partners which we still do not know if theY even exist)What you are referring to is NOISE.
You guys get so wrapped up on this deal
Number of shares ready to be sold 3,000,000,000.00
at an average of 10 cents per share
let me see if my math is correct.....
3,000,000,000 X 0.10 = 300,000,000.00 US dollars
then Why JJ and the BOD would get into a contract with all the headaches of mining (environmental, labor laws, liability, claims, chilean Gov etc etc )when you do not have to do anything other than keep sharehoders interested on this play by not ever closing a deal and cash 300 MILLION DOLLARS?
Its in black and white to me
sorry for the oversimplistic example but I think it fits MDMN.
Rick
What is your take. IMHO, They are English Language Masters. The word schedule does not convey very well knowing the history. The question is JJ going to give the titles without the money? or is there another extension pending?
Krak
I would not put so much weight on an individual that has no formal training in finance. His information comes from LP and we all know LP is a promoter.
Dear Rick
No need to pretend I own an organization as I have already done that.
Real Estate is and has been my thing. I am still receiving income per month from my investments. So humor you and pretend is not what this investment is about. its about responsibility, integrity, and God forbid accountability of the Board and specifically JJ.
There are many things I do not get Rick and as I am getting older, I have learned that it is impossible and impractical to know every aspect of a specific investment.
What you see silly I see it as the right thing to do. The main objective of any public company is to increase shareholder value. Where is it?
Let me put something into perspective. JJ owns everything yet there is no accountability. What you are saying is that he does what he wants, whenever he wants, and however he wants, and whatever he wants to do and there is nothing we can do about it? Really? Do you really believe that? Is that what you are trying to convey? Is this person some sort of God? In previous e-mail, I did tell you that action can be taken and there are proper channels to do it. I am not suggesting that I or the people I am associated with will take action, but I think that this is the time for this man to perform.
Please recall that he has actually bankrupted his own organization to keep his properties two decades ago?at the expense of shareholders?
You of all people coming later into this investment have to understand the LIES yes, the LIES this company has publically issued has caused a lot of harm to good people. I am sure that you understand very well what I am trying to convey. Soon imminent, the one yard line, soon, next week and all these inexcusable excuses as to why the deal has not been consummated.
Rick
Properties do NOT generate REVENUE unless they are developed. Why dont you get the word Performance? . In essence this whole deal is way OVERDUE. AGREE?
Do you have industry experience? My bad automibile example is REAL and happens everyday all over this country AT LEAST IN REPUTABLE ORGANIZATIONS.
I wish I had more time to debate with you but I do not have the time..see? I am evaluated on what I produce DAILY,MONTHLY, QUARTERLY AND YEARLY ARE YOU LISTENING?
My Warmest Regards
CS
Not all of this. You missinterpreted my message. SO tired of being lied to. Even the Medinah Minerals updates are full of loopholes, half azz true(s), and very deceiving.
bENNY
You are confirming my point. THEY NEED HELP. They have demonstrated that they cannot be succesful in closing a deal.
CS
Benny
If they really had the shareholders interest in their plan. This deal should have been completed a LONG TIME ago. I have said many times before.There are companies out there (Wall Street) that would assist in getting a profitable deal for Medinah as I watched from the inside a couple of them in my life time.
CS
Rick
I will give you an elaborate response when I have a chance. We must think outside the box.
CS
I am not saying this is a SCAM Benny. I am saying that these guys BOD and specifically JJ need to be held accountable for what they do. So far after 16 years of BS it is ENOUGH. IF jj IS IMCOMPETENT THEN REPLACE HIM.
The only surprise you are going to get is the one that has attached the year 2016 OR THE DEAL HAS BEEN CANCELED.
CS
Benny
Even if this was scheduled for April. Do you see any signs of this happening. I do not.
CS
Someone call either JJ or Ulander. NO IPO for March that is for sure. THE PATH IS IDENTICAL TO MONEY LANDING AND EARLY DRILLING.
update is out
update is out
Addendum
[color=red]IF HE EVER DOES [/color]
Yes, the money is in place, we are at the 1 yard line, soon, inminent, and the most important next week announcement. Enough of this garbage. Wait until Duhlander coughs up the money.
What can we all say. your battering average has been 100%. I cannot believe how many fools follow LP. The man is definitively will have to answer some questions at the time of Judgement.
Indeed very interesting stuff. what does all these mean for shareholders anyone?
You cannot make assumptions of good or bad until you have the facts period. We do not know anything about the sampling plans they have used and to what extend. In other words, the sample plan if followed correctly will indicate the interval of confidence of finding "X" amount of Gold, Silver, and Copper in the approximate area where the samples were taken. We do not even know what statistical distribution (i.e Poisson, Normal, etc) they used to conduct the sampling. I agree with you in everything else. PURE BS and as any other shareholder digusted with the DONE DONE DONE DONE BS for years.
Rick
Please indicate where it says otherwise
Thanks
CS
Rick
We HAVE NOT seen the contract. I am assuming its just your opinion correct?
Thanks
CS
Rick:
If you are going to state that it was due to new regulations, NOT please state why he cannot longer hold the CEO position.
CS
Excellent Rick....The question is where is MDMN on the Amarant's list to catch up with previous commitments?.
Rick
I cannot begin to understand how this company has operated and it is hard to argue with Krak that the BOD, Leslie Price and JJ are in to benfit themselves and no one else. You are going to say here is another guy complaining. How can we NOT complain? These men have manipulated shreholders day in and day out since 1997 with the statement "We are in the process of finalizing a JV". George "The Monkey" could have done a better job.
The positive thing on all this is that Amarant is taking over, but the unfortunate thing is that by the time Amarant begins the work on ADL, the stock will be so diluted that the if it moves up it will be a miracle. The only people cashing in are the BOD< JJ and LP from cashing in 3 billion shares. Why would JJ at 75 years oF AGE would handle so many headaches with the ADL project when he can comfortably cash 3 billion shares at a price of 10 cents on the average. that is my friend 300 MIILION DOLLARS. All that movement (Selling) in the weeks prior to the Amamrant announcement, THEY (BOD, JJ, LP) KNEW SO THE DUMPED. IT MAKES ME ILL that these guys can be so deceptive.
call for an AGM and DO NOT VOTE FOR JJ. THAT IS THE SOLUTION
Funky
A well organized put together thought on what the situation is
CS
Rick
You seem to be an intelligent individual with lots to offer on this or any other forum. However, I think you miss the fundamental bottom line of Medinah MInerals' life performance. Being here longer than I would want to admit, you have to objectively see that JJ's performance so far is and has been CATASTROPHIC AT BEST AND right down to illegal. THE DEAL WAS NOT DONE IN VEGAS AND The BOD and JJ lied to all of us in Vegas. Not Once not twice...multiple times. I am excited that Amarant is taking over so we do not have to hear the CROOK saying the deal is at the 1 yard line anymore.
However, one of the big concerns we should have as shareholders is to understand the connection of the 180 million dollars and MDMN USA. I see a lot OF speculation but I have not seen yet one chilean or US OFFICIAL document showing where this money is going and how it is EXACTLY going to be distributed. The website info does not count as it has proven time and time again just to be inaccurate and misleading. Do we really think they will pump some of those millions on MDMN USA?
AU
I have seen your comments for a while and would like to direct you to the Security Exchange Commission (SEC)Economical Crime Division. Do something if you feel that strongly about MDMN Board and JJ are a scam.
CS
Well Rick lack of transparency and the fact that these guys flat out lied at the shareholders meeting and yet managed to farm out 3 BILLION SHARES AND NO DEAL. You can not blame these guys for railroading JJ and his gang. JJ has been closing a JV since 1997 and I hope they do not have a shareholders meeting in Feb 2013 without a deal IF ANY IS ANTICIPATED. I AM SICK OF THE LIES, DELAYS AND MORE LIES. The only hope is that Ulander follows up with the funding.
They are not wrong Goldywang. They know what they are doing
Please someone tell me how Amarant (a private corp) is going to benefit shareholders? What is the incentive for Amarant? The only way I see it would benefit shareholders is after they find what they say it is on the ground and that appears to be months if not years away. Rick can you give me a DIRECT LINK? Not the Alluvia shares or the undisclosed alleged major public partners.
CS
Thanks Rick. it seems that they do close deals. It is an assumption to think the the remaining 6.0 million will go to MDMN but it is a logical conclusion. Being a private company the only way I can see us benefiting from this deal is that Alluvia will directly own Medinah and have it as part of its portfolio when it IPOs.(and that is another issue by itself time wise) If MDMN remains the child company of Amarant, a private company, I fail to see how the SP will increase.
CS
Rick
Please explain what does this mean for us?
Thanks you
CS
kmn wrote: I was told the drills will be on the mountain well before the end of the year. And yes I did mention the Dec holidays that shut down everything for a couple of weeks. I was also told there is no delay in this go around for the funding. It is set and I can not see it being very far away. Again more than words is what the action of the company is telling us. They spent a lot of money and really pushed throughthe issues that Sandy caused so the yield sign could be removed. We also have last weeks meets that were held in both SLC and Vegas. Those meetings involved the directors of MDMN, Les, our securities lawyer, the PR firm, the purchase group in a phone conference, accountants and I am sure the transfer agent. Kirk
The drills will be on the mountain well before the end of the year? REALLY? Kirk THIS IS THE END OF THE YEAR.
is there something wrong with your thought process?
Lets see if that hapens Rick. Cannot blame the krak head for having a battering average of 100%. These people never deliver and if anyone have done any DD on LP, you will know that he was ordered to repay 4 million dollars he stole from two old ladies in Canada."You life is a combination of your work, your dreams, your deeds, and your experiences" I wonder where LP falls under this.
CS