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Yes... one day of trading 2 million shares... out of 3 billion... does not constitute a trend... it's just one day of trading...
Nothing wrong with saying... we closed green... when we close green... it's just a fact...
totally disagree...
With 3 billion shares out... a mere 2 million traded... is nothing...
[/quote]I think we are all waiting... to see the markets reaction...[/quote]Well bBaboon, the market has spoken clearly.
We're in the RED, down almost 2% on 2,527,886 volume.
That works out to about $29,000 worth of trades.
The market-
A: continues not to like MDMN and
B: is also apathetic.
There were more sellers than buyers today. So sayeth the market.
When is our next countdown?
IF MDMN does get any benefit this (and to other investigators) is where the money will be going.
Thanks to the BOYZ! Glad I sold 90% of my holdings at .02+ because I believe it will be a long time before (and IF) it gets above that.
Within a law firm, you do know the difference between a bad attorney and a good attorney, right?!!
Gagged T/A is a sign of dilution, but if the T/A was aware of the illegally issued shares, then they were in on it and they weren't providing an accurate count in the financial statements. Ungagging them so they could provide inaccurate figures more frequently would have made it worse.
I pointed out years ago at the first meeting where "everyone added up their shares and there was definitely naked shorting" that insiders never providing their holdings publicly or trades was a bad sign.
Apparently this is yet another example of how "naked shorting" REALLY works. It's not offshore hedge funds and nefarious geniuses who figure out how to counterfeit shares in these stinky pinkies, it's insiders and the T/A.
I fear you are correct on most, if not all, of your points. It IS entertaining, that is for sure. I see Auryn has seemed to convince stockholders to expect a "consistent" 150 g/ton of Au in the weekly truck shipment. They must have a heck of a crystal ball...
...so supposedly "production" started yesterday. Hmmmm, wasn't someone talking about production beginning months ago? And "production", at the beginning consists of ONE TRUCK/WEEK. Oh boy.
Give Auryn credit for this hilarious disclaimer- "Investing in specific mining companies is filled with company risk and geological risk. If you cannot tolerate these kinds of risks, please consider please consider another investment."
Gee, thanks, Auryn! Way to speak to your audience, the vast majority of whom are 70 to 90+% down in this investment and require over 575% return from current price levels just to break even.
I'm sure many more rosy "forward-looking statements" will follow...
Ah, it also could have been because they had no money. I do believe that some large shareholders is loaning the company to do the investigation and litigation with payback from production.
Speaking of ellipsis and assurances and integrity, I am reminded of these:
#71460 “What...??? That is totally insane... MDMN is not giving away shares...!!! “
#71634 “MDMN is definitely not an insider enrichment scheme... “
#71602 “I know that JJ, Les and MDMN's BOD... have always had good intentions... “
#71566 ”No Les and Claro do not keep selling... “
#71513 “You might be surprised... at just how serious and business like MDMN is in handling their contractual relationship and obligations with Auryn... “
Remember the countdown for the guaranteed Ulander funding? Or the continued protestations that of course Auryn was going pay Medinah $100,000,000. How much cash did we receive from either party?
It's just a fact... it sure doesn't affect the investment one way or another... it just shows a character trait of Auryn...
And who said I'm not attending...??? I made the last two... but if one was to attend or not... it has zero effect on the information being disseminated... nor does it effect ones ability to receive the information... and why would anyone care... one who's attending or not...???
I can assure you... Auryn will have no plants... at the meeting...
No they did not do that... and such stuff...
It will be a very interesting... and informative meeting...
Redress? Again, from the other board, the hiring of one heckuva forensic accountant.
To be fair, BE on the other board made the valid point that if proceeds from the stolen shares never reached MDMN accounts, there is a very good chance of getting the shares back.
This has clear legal precedent and offers some hope.
Those whose shares were stolen from nper may be waiting a long time however...
"I'm not expecting any meaningful information at the mdmn informational meeting. It will be staged and interaction with shareholders (Q&A) kept to a minimum. It wouldn't surprise me if they plant the audience with company stooges again."
You mean... like this forum.... right...???
Are you planning on attending the meeting? I hope so because I don't believe it will be playing out the way you are thinking. I'm sure your commentary and criticisms will be addressed./
Hi Rick. October is a very busy month for my business and I will be unable to attend. Ironically, I believe that my commentary and criticisms WILL be addressed, as they are fairly elementary, obvious, and fundamental. However, I'm past the point of believing Medinah's stories, irrespective of the source.
Now I know, you'll tell me Auryn's different. We heard that about Ulander. Perhaps Auryn is different and this new chapter of Medinah actually commences. All I know is that absent a hail Mary share clawback it is now twice as hard for me to recover my nine cent plus cost basis.
I hope you'll continue the tradition of reporting what you see and hear, and not take any of my critiques personally. If you care to send your email address via PM, I'll respond. I can't originate PMs.
I can't wait to hear from you after the MEETING.
I'm tired of hearing about the 'Lett's Reputation" and how they wouldn't risk it for MDMN. At the Very Least they have "egg on their face".
I'm sure the sooner Auryn... resolves/deals with... this issue... the better...
Here's another blast from the past from the last infomercial. Try to read this with a straight face!
Steve Kleen said the 3 billion increase was a favor to us, to increase what they need to do on our behalf; that he commended them on their foresight. He said one reason he bought in was the strength of management, and that reason remains.
GC: the "kitty grows and grows". The issuance of cash gets difficult (complex process), but we will do it. Anytime you get to 100 million in cash, you are a micro cap, and he intimated we are going there.
GC: regarding the board we are on, eg. Pink sheet board : we are finally going to get cash to be where we need to be, but no timelines. We are preparing for the future. The 3 billion shares will be in the depository to do the types of things we need to do, if we need to use them; doesn't mean we are going to use them. Groups they deal with are amazed they have not raided the depository; unheard of for penny stocks.
LR: today's count: 1 billion, 93 million, 166 thousand shares!!
That's it folks, big applause to end the meeting
We'll find out the actual answers... when the meeting is held... only 10 days now till October 1st...
I anticipate a very informative meeting...
One more note, if indeed a billion plus shares have been counterfeited, at least some have been sold and some resold. Any notion of getting them out of the O/S, IMHO, should be discarded.
No, my bad. I'm the kind of idiot who still (when the occasional need arises) writes checks with the prior year as late a April. Something wrong with the left side of my brain... My point remains, you picked up the birdseed trail. Way more functional and instructive than the ignorant and repetitive platitudes we suffer.
I appreciate the shout out and I have been pointing out the inconsistencies in the MDMN story for many years, however you are confusing me with someone else as I didn't send you any PM, nor did I think the share count (other than the one at the meeting years ago that supposedly "proved" naked shorting) was a farce.
Remember when Auryn had 50 million shares. I suspected (and still do) they were given those shares by the company and they subsequently dumped them.
I still believe Auryn knew exactly the risk of these claims being worth far less than JJ and company portrayed, and made sure they were protected either way. They made millions selling those shares and now essentially own the mining rights. If there is any value, they'll get it. If not, they lose little or nothing.
Meanwhile the insiders profits all came from dumping shares.
As with almost every other stinky pinkie, retail funded insiders and in this case, a private company.
Chalk up another sad story to a dishonest group - with a criminal or 2 among them.
LOL... it is what it is... and 25% of Auryn... probably going to be worth some Big money some day...
Quote:
There are so...many... other personalities much more... guilty when it comes to misrepresenting this stock....
I agree with (t)hat
Ah Yeah MDMN owns 25% they'll share in 25% of profits Nothing wrong with that...
As far as I know, HR never defended Les. Maybe there were go-arounds about how the defense confused the jury about Price's obvious self-dealing bribe, but that is why they call it the hazards of litigation. There is a world of difference between exonerated and innocent.
Given the fact Rick showed up when the 1.6 Billion share hijack was revealed and admitted that those who questioned the sketchy backgrounds of some insiders and the ridiculous "financials" were ahead of the game tells you he is a person of integrity. I'm sure he, like I, still has skin in this game, and I hope things won't go too badly, but seriously doubt any other alternative.
There are so...many... other personalities much more... guilty when it comes to misrepresenting this stock....
Original contract was 15%... plus cash... ended up 15% plus another 10% in lieu of cash... to = 25%...
Geeshhhh... like I said... straight forward... and simple...
Well... the facts speak for themselves...
Auryn bought the Mountain...
MDMN will share in 25% of profits...
I understand the desire to trash Medinah at every turn, and there is plenty of fodder to pursue that endeavor, but let's not rewrite history to make a point, OK?
Amarant/Ulander breached the contract due to the inability to pay. They missed payment deadline after deadline and Ulander's entire shell game was crumbling left and right due to a lack of funding. Rather than extending Amarant any further considerations MDMN gave them a 60-day notice to pay or the contract would be rescinded. To Medinah's credit (believe it or not), they stuck to the terms of the contract, dumped Amarant, and began negotiating a new deal immediately after the deadline. Also recall that Amarant PRed that Medinah's cancellation of the contract was without merit and that they would pursue legal remedies.
And all those have become facts... or are still being worked on... those were the initial goals laid out... and are being or already have been achieved...
Auryn did purchase approximately 85% of the Mountain...
Auryn did purchase MDMN shares... no majority interest yet that I know...
And when revenues start flowing... MDMN will receive it's approximate 15%... with no cost to MDMN...
I don't know about the others, but I understand that Chapin will be there.
It will be interesting to hear his side of the story, assuming he hasn't been advised by any counsel to take the 5th.
Who will be representing MDMN, for example...
MDMN will definitely benefit... that is a fact...
I suspect all we will get is the usual innuendo and empty promises that reliably excites the base. I definitely wouldn't hold my breath waiting for the promised "official Medinah shareholder meeting". Not happening anytime in the near future, you can take that to the bank.
Here's the "agenda", per Auryn:
AURYN & MEDINAH Informational Meeting
AURYN Mining Chile SpA and MEDINAH Minerals, Inc. (OTCMKTS:MDMN) invite our shareholders to an informational meeting on Saturday, October 1, 2016, at the Mirage in Las Vegas, Nevada.
AURYN is hosting the meeting and welcomes all AURYN, MEDINAH, and Cerro Dorado shareholders.
This is an opportunity to personally meet and hear from AURYN’s leadership team and MEDINAH’s directors. The meeting will include a full presentation on the status of the Altos de Lipangue project and plans for its continued exploration, development, and exploitation.
The agenda for the meeting is as follows.
9:30 am Registration, Continental Breakfast, Meet & Greet
10:30 am MEDINAH Presentations
11:30 am MEDINAH Q & A
12:30 pm Lunch Break
2:30 pm AURYN Presentations
4:30 pm AURYN Q & A
5:30 pm End of Meeting
This is an informational meeting. An official MEDINAH shareholder meeting will be scheduled for a future date.
They didn't understand that Price and Quijano are professional crooks and the normal rules of engagement don't apply.