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Thank you for the informative and entertaining description previewing the latest version of the never-ending story.
However, to pick nits, you missed one critical juncture in the information cycle- Homeland Security. Surely they need to completely review any Chilean-based PR before vouching for its tasty goodness.
There is also a chance FINRA will want to vouch the process as well.
On a slightly different note, can someone remind me of the relationship specifics of the nepotistic regime supposedly representing MDMN's best interests?
I used to have a file where I traced this nonsense, complete with flowcharts in a futile attempt to make sense of this circus, but I torched it after the Swedish Sensation saga.
There's JJ, the esteemed author of so much Chilean mining law, which no one can cite, who we all know, of course. Then we have Claro. Isn't there an uncle or some other relative lurking about as well. My memory just isn't what it was, regrettably.
Anyone who can remind me what we know of "la familia" I thank in advance. I know I can reconstruct this, but would prefer not to waste any more time with this pig than absolutely necessary...
Sorry, Bubba, but I don't buy off on your apologetic screed, not for a second.
A company that no ethical qualms about handing out millions of shares to a related party for "rent" for a nonexistent office can't claim poor because they choose to let a clown issue garbage financials. And let's be serious, it isn't that expensive to clean up the embarrassing grammar in the footnotes or to properly format statements. I could vastly improve that garbage in 45 minutes of work. And it isn't just the financials that suffer. Lacking internal controls allows malfeasance and undetected insider shenanigans. Look what happened to the original drill cores- lack of control of the chain of custody rendered those worthless and completely untrustworthy.
I can point you to any number of OTC stocks that actually have pride with respect to their most important communication medium. MDMN is not one. This is by choice. Spare me the "pinkie" disclaimer. Instead, see it for what it is- yet another example of complete absence of any sense of fiduciary duty by an inept management.
FACT OF LIFE- PROMOTERS OF PINKIES NEVER RUN OUT OF EXCUSES FOR FAILURE TO EXECUTE. LEARN IT. LIVE IT.
You're welcome, Myrtle. It is just so regrettable (and yet eminently avoidable) that "The Song Remains the Same" after all this wasted time, energy and opportunity cost. But, please pardon the terrible mixing of metaphors, clowns can't change their stripes...
LOL, no, sorry, no it is not.
MDMN is a thinly traded pig, let's not pretend it is a real stock.
Ahhhhhhhhhhhh!
Ze pig hit a 52 week low today! .016.
It is most relaxing and enjoyable to be a part of this!
All valid points, kezzek.
May I add some additional "tell tale" warning signs?:
-Visible promoters with sleazy track records including breach of fiduciary duty, license forfeiture, and being a subject of a federal sting operation
-Complete lack of attention to detail and quality with respect to the financial statements
-Tribes of minions garbling repetitive, nonsensical, and completely unsubstantiated promotional messages
-Unrestrained dilution and insane amounts of outstanding shares, with insiders typically receiving the lion's share for "special", poorly-defined reasons with a complete lack of third party valuation or fairness opinion
-"Snake oil and smoke & mirror" schemes like "stock dividends" which insult investor intelligence
-General meetings that occur on an irregular basis and require stockholders to submit to ridiculous "scrutineers" and metal detection devices
...I'm sure I'm missing some others, feel free to chip in!
LOL, perfect timing, eh, Veb?!?
Drilling season. Yeah baby!
Boy, those are some sloppy financials!
That entity is a perfect affiliate of Medinah, zero attention paid to detail.
Wow! Picasso is getting cheaper by the day! A $19 trade!! Nope, nothing fishy there... Take a look at today's chart and try not to laugh.
I think there's a spankin' new top secret board with revised secret handshakes for the cultists to continue to marvel at this company's incredible future without the outside world poking in. Too bad previous bans likely exclude present membership. Too bad for us, at least...
The last few posts by Goldcoast and Superdow are quite instructive with respect to the Medinah scam and the lies the promoters spew forth.
"Averaging down" only works for the pigs with their snouts in the Medinah ATM trough as it entices buying so as to fund their lazy, luxurious lifestyles. It is BEYOND obvious the only selling is coming from INSIDERS.
Here's a couple good reads regarding "averaging down", courtesy of none other than NASDAQ, Investor's Business Daily, and InvestorGeeks:
"Why Averaging Down Is A Bad Investment Strategy"
http://www.nasdaq.com/article/why-averaging-down-is-a-bad-investment-strategy-cm155259#ixzz3p9CfjgH3
"The Worst Mistake that a Trader Can Make: Average Down"
http://www.investorgeeks.com/articles/2006/08/24/the-worst-mistake-that-a-trader-can-make-average-down/
"Psych 106: Never Average Down In A Losing Stock"
http://education.investors.com/investors-corner/563054-psych-106-never-average-down-in-a-losing-stock.htm#ixzz3p9CusRpa
I've been investing for 40+ years. I know a thing or two about the subject and have some insight into investor psychology.
When someone says "pps is not that important at this stage of the game" it usually means that analytical measurement has been discarded for emotion-driven rationale. In other words, rational discourse has left the building in favor of dreams of pixie dust.
The ONLY relevant benchmark for a publicly traded security IS PPS.
Our PPS remains in the tank for a multitude of reasons-
-Prior disasters compiled with a historical pattern of outright lies from management and their "backdoor" sources
-Zero interest from "outside" investors and even less than zero from institutional investors
-Business is situated in an unattractive industry sector with little if any hope of a short to mid term recovery
-Continued relationships with unsavory characters of dubious moral integrity continuing self-dealing relationships while ducking having a competent accounting firm review financials and internal control structure. These idiots can compensate "Buy Ins" but not a CPA firm. Give me a break.
-A vote of "no confidence" that management was able to negotiate a deal with AURYN that is in the stockholders best interests. Fact #1 supporting this- They refuse to make the specific details of the deal public (as they also did with every other failed deal in the past). Fact #2 - Kirkland warned the deal "may not be in the best interests of stockholders" or words to that effect, right before he ran for the hills rather than sully his reputation by being attached to Medinah (supposedly on the cusp of such great things, yeah right).
So, in summary, PPS is ALL that matters, and all the stomping of feet in the world or intentional obfuscation won't change that basic fact one iota.