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...and the scam continues.
No competent individual who cares about his reputation will associate him or herself with MDMN. The closest MDMN came to having a reputable board member was the piano man. But after a year or so, he smelled a rat and bailed. The BOD has always been populated by insiders who are paid in free shares and frankly don't care a lick about the share price. Sure it is better for them if they get a good pump but anything they unload into the market is pure profit so why would they care. MDMN has been rinsing and repeating the same tired story for decades. Auryn does appear to be the most legitimate partner they've had in recent memory. I don't think anyone can predict how this will turn out but regardless, it is going to be a hoot.
My apologies - I meant to post a new message about the DD I did on the latest rumor from Les and his mouthpieces. Will keep an eye on PDAC 2016 attendance and see if Auryn or MDMN ever are listed as potential exhibitors.
If Auryn hasn't signed up for a booth a PDAC 2016, I'd be surprised if they get one. On page 4 of section 3 "Exhibitor Quick Reference Guide", there is a list of deadlines that need to be met. As of now, they have missed everything up through Floor Plan Approval. The next deadline is on Friday, Fire Safety Reply.
The website still allows you to sign up for a booth - cost for the 4 days is a little less than $4K Canadian. The application seems to imply that you can apply for a booth but that they won't process payment until you are offered a booth and subsequently accept it. It isn't a given that they will let you in.
I'm more than a bit skeptical that Auryn will get in but I suppose it is still possible. Here is the question - if Auryn doesn't have a booth at PDAC 2016, will the hard core supporters of Les finally call him out for what he is, a liar?
No it isn't. Auryn Resources Inc. is a completely different company.
http://www.aurynresources.com/
Auryn is not listed on the attendee list yet but there is still plenty of time to register. They are most likely getting some last minute affairs in order before they do.
Either that or they assigned the task to Les Price. Unfortunately, he got hammered and forgot to register. I'm sure he'll register when he comes off his bender.
Rumor has it that Auryn will be at PDAC 2016 in Toronto from 3-9 March, 2016. Another grand opportunity for Les, Greg, and the rest of the BOD to party it up on the shareholder dime.
Auryn isn't listed on the exhibitor list but they still have time to register.
But isn't this a long term investment?
What about all the folks who bought at .09 or higher? It's not so good for them now is it.
A run to 02 is great for the flippers but the long term delusional believers who bought at much higher prices are still screwed. For them, the chart is CRAP.
You're welcome. Nice to know someone can appreciate a decent read. I'm still waiting on the blizzard of news from Auryn that was promised but never materialized. I'm so disappointed that we never received the traditional Christmas Letter. I always felt like part of the MDMN family when JJ looked back with fondness on another year of failure and professed to be helping shareholders. We now know he, or members of his family, were selling shares like crazy. But I'm sure it was all part of the plan - after all, he probably just wanted to drive the price down so he could get more shares for less money.
Somewhere a village...
The slide deck was informative and educational given last week's TSX rumors. That's the point, educating oneself.
Excellent presentation - a bit long but well worth it given the TSX rumors.
https://www.osc.gov.on.ca/documents/en/Securities-Category4/rule_20150304_43-101_tsx-venture.pdf
Take a look at slides 57, 115, and 136.
Thankfully MDMN isn't in charge of the merger/IPO. They would be laughed out of the room if Les and his band of flunkies even mentioned the concept.
https://www.pwc.com/ca/en/transaction-service/publications/pwc-guide-going-public-canada-2014-05-en.pdf
Page 10, section 6.2 of the following document made me spit coffee all over my keyboard. As if MDMN could even remotely begin to comply with this requirement.
http://www.blakesfiles.com/Guides/Blakes_Going_Public_TSX_TSXV_in_Canada_EN.pdf
Headed over to the TSXV, MDMN complies with none of these requirements.
http://tmx.complinet.com/en/tsx_manual.html
I ruined another keyboard when I read section 316:
There is 19 page ppt on Auryn's website under projects. Seems to have been met with minimal market reaction but I think the next update comes out "next week".
The oracle and the dentist should be laughed out of town and ridiculed to no end. Instead, you have the archangel (he who shall not be named lay this be deemed off topic) and Saint Jim as the anointed prognosticators of MDMN. Why people still listen to these clowns is beyond me. As they say on Fox NFL Sunday...come on man?!?
It takes a lot to admit you got suckered. One of the hardest admissions I've ever had to make. But I learned a valuable lesson - never again.
Medinah Minerals: The Never Ending Excuse Generator.
Every time the deal starts going south (and it always does), the insiders trot out another new excuse for why it didn't work out this time. You've done a nice job compiling a fairly exhaustive list. What really amazes me is how many shareholders are still hanging on to this POS. They can't all be imbeciles, so what keeps them hanging on even after Lucy has pulled the football out from under them countless times over the last two decades.
Nothing about this stock is ever good largely because it's always a huge load of BS. But I agree, somebody knows something that's worse than usual. This usually happens right before the deal goes south.
That works for all of us poor shareholders. Management has a different moto:
Medinah Minerals: More Shares for No Money!
Ex, I think they can pump this pig to at least .02 near term. I know you know this but the insiders are going to be unloading like mad into any run. No one went broke taking a profit!
Clockwork, here it is. Latest super double secret rumor posted on the "other" site. This came from a "confidential" source.
The lead prognosticator is telling us that news is imminent and we should be very excited. I can't wait - it's like Christmas in medinahland!
An IPO for Auryn, where, on the Berlin Stock Exchange? I suppose they are taking a trip to fantasyland where MDMN lists on the TSX and becomes a multi-billion dollar mining company rivaled only by Barrick and Newmont. A 43-101 report will never happen and if it is released in conjunction with this turd, I'm sure the Canadian regulators will be less than happy. They do frown on those types of activities and usually get the SEC involved. Not sure what flavor Kool Aid the oracle of idiocy is brewing but it's got a a lot of stupid sauce mixed in.
Sure did...thanks for checking in.
The NSS theory has always been and always will be BS. As you know, it is always trotted out and painted as fact when the share price is declining and duped investors don't want to admit that the management of the company they have fallen in love with is out to screw them. The root of the NSS theory isn't fact, it is pure emotion. The problem with pink sheet stocks is that "investors" fall in love with them and lose all rationality when discussing them. Sure, they may sound rational but if they actually look objectively at their arguments, they would realize how foolish they sound. Occam's Razor - "Among competing hypotheses, the one with the fewest assumptions should be selected" sums it up nicely. Is NSS really some grand conspiracy by a ton of brokerage houses who would face significant penalties, go bankrupt, and otherwise crash financial markets or...is it an implausible theory designed to cover up greedy insiders illegally selling shares. You chose.
MDMN is particularly interesting in that they have managed to keep this charade going for decades. Somehow, the management is always able to endear themselves to shareholders and continually fleece them. Maybe this is Stockholm Syndrome. While I'm interested to see how this whole Auryn deal plays out, what I'm really interested in is what happens if it doesn't...
Have a good night Ex, your charts are always welcome here. They present the cold hard facts that some are unwilling to accept. FWIW, I've got a lead on a good source down south. Conference call scheduled for tomorrow - no MDMN affiliation but based in Santiago and close to the mining industry.
It certainly is behaving like a death spiral toxic financing scam but I don't think MDMN has actually engaged in toxic financing. Instead of sleazy financing companies dumping like mad, I think the dumping is mostly insiders and anyone from the Auryn side of the house who received free shares. They probably want to extricate themselves from this mess sooner rather than later and move on to the next deal. Either way they win - they got a crack at the mountain and even though it appears to be a complete bust, they still walk away with something (e.g. dumping of zero cost basis shares for some financial reward). Really it was a win-win for anyone involved...except of course, the shareholders.
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v/r
JP1101
Not sure who is hanging on but I know who's buying.
What has opposable thumbs and lives in a zoo?
Yikes. The news must be fantastic for the price to react like it has on good volume.
This has been attempted on several occasions throughout the years. Everytime access to the property has been requested, it has been denied or ignored. The only way you are getting on the property is if the cretins who run it are sure you will toe the company line (e.g. Dr. Kleen).
A friend of mine offered to pay for an independent geologist to assess the property and provide an unbiased report. The request was ignored. Another friend asked for a tour of the property. Originally, he was slated for a tour but when JJ found out he was slightly skeptical, he was denied access. Google earth indicates that some work is being done on the property but who knows what that work actually is. The only way to verify the claims of the company would be to go down there and put boots on the ground. Good luck getting approval for that. I suppose renting a helicopter and flying over the property would do the trick but who really wants to spend that kind of dough when they are already way under water.
It sure does seem like this scam is coming to an end. I think this next PR from Auryn will be the last gasp. If it isn't phenomenal, this is going sub-penny pretty quick
Happy Thanksgiving to all who contribute to this board. Spend some time with friends and family today and recognize what is really important in life.
No one in their right mind will give MDMN $100 million. Given the extent of the corporate malfeasance and the complete destruction of shareholder wealth, forking over that kind coin to this band of shysters is not going to happen.
But hey, bring on sub penny, I can't wait for those prices either. The lower the price goes, the more entertaining the shareholders get. Just about time to trot out the old NSS theories and get people pissed off at the "system".
Maybe I'll buy a slug of shares when this hits .001 and flip it at .002 for a quick 100%.
Or...and much more likely, it will be 19 pages of complete and utter BS.
That would be my guess. it looks like he passed this word to his favorite insiders who have probably been unloading. Now that they are done, they leaked the info to the rest of the shareholders to arrest anymore damage done when the PR release from Auryn is a total bust.
I guess those billionaires backing Auryn are too savvy for the BOD. True to form, they don't want to lose any of their own money which means that the shareholders are on the hook. They didn't become billionaires by gambling on turds like MDMN, they became billionaires by dealing shrewdly with legitimate businesses and recognizing con men when they see them. I'm guessing, Auryn saw Les, Greg, JJ, and Claro coming a mile off and postured this deal to ensure there was no way they were going to be screwed by these two-bit shysters. Welcome to the real world of business deals.
Are you going the the correct site? You know they recently moved to a different site - I haven't found a way to see suspensions on the new site.
Today is ugly - lots of red on volume, isn't boding well for MDMN and the "huge" news coming out.
For the record, DID NOT invest $32k into MDMN. I was trying to make a point but unfortunately the explanations of said point are verboten. So, please stop refering to that post as fact since it was obviously a fabrication, yay first ammendment!
Now on to more pressing issues. My sources tell me that an announcement is imminent and should happen "next week". It was supposed to come out yesterday but the judge involved in the share arbitration of JJ's second uncle's cousin's sister's boyfriend's ex-wife wanted to start celebrating the gringo Thankgiving Holiday a bit early. He consumed entirely too much turkey, passed out on the bench from a tryptophan overdose, and cracked his noggin. I hear it required 10 stiches and in case you are wondering, he's resting comfortably at home. Unfortunately, he is unable to resume duties until "next week" so it looks like the imminent PR is once again delayed. If you desire to send a get well card or money to speed the process, send to the following address:
El Vergel 2316
Providencia
Santiago
Chile
Best wishes to the judge for a speedy recovery!
Did they suspend badly? If they did,you know something is very wrong with MDMN. Silencing dissension is never good in a penny stock, next thing you know they'll be opening secret skype rooms to engage in group hugs and tell themselves how awesome MDMN is. Burying one's head in the sand isn't good...