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Ditto
2010?? Try 2001. There are plenty of others who have been here longer.
HR and XBloc thanks for all the TA and DD as well. I really appreciate your daily consistency, credible DD and non kool aid commentary. Its a lot of work, so thanks very much; and I'm sure I speak for others as well.
Thanks ark, HR and ExB-much appreciated.
Deja vu all over again.
not a bad thought except that besides being a "stinkie pinky" there's 12 yrs history of false starts and broken "deals". not sure if s/h would appreciate that strategy. on the other hand not much s/h can do if it goes till april.
Leap Year. Give it a couple more days.
the obvious- 55 sq mi is just the surface area. Multiply that times the depth of the ore deposit for volume. That's a lot of tonnage. Shares well spent.
believe what you want, I really don't care one way or the other.
S/hs may have to get involved again. Go to the videos where they discuss the divvy. They mention that s/hs might have to get involved with their brokerage. As I've stated before I ended up going head to head with the compliance officer at my branch office and they refused to give me my div even after I proved that I owned the stock in time for the div date. They had that info already anyways, they were just trying to prevent me from collecting because they were on the hook to buy stock for my div because there wasn't enough restricted div shares to go around because of the ns. Les and Ken Tashuk(I believe) went to bat for me and forced my brokerage to buy shares for me. I still get the cold shoulder 11 years later at my brokerage. Just because its the right thing to do doesn't mean brokerages are willing to do the right thing. They don't like losing a cent.
All that info was public. The sec had that data at that time. Didn't matter. The value of an illegal ns means nothing especially if you're a pinkie and your company isn't worth anything. Doesn't matter what the potential value of your co is worth. Your value has to be tangible not "what could be". That's why everyone's focus is on gettin the deal done.
correctomundo
Were you around for the 2001 div,name and cusip change, and micro r/s? I was. What do you think all of that was for? All of that was for the regulators. If you weren't around for that, then you missed all of the discussions about the ns and proving it with the above. The ns position in this stock is old hat. Shareholders were urged to contact their respective State Atty generl, compliance officers, the SEC, at that time and demand a buy-in. I did all that. Did you? I still have copies of all my communications. Nothing happened. The regulators weren't interested. That's why the target is focused on completing a deal, proving up the mountain and going forward. The ns position is side dressing, not the main course.
You actually don't know what they've been doing. If they haven't done anything it's probably based on the results of the 2001 divvy--Naked short proved beyond any doubt--but the regulators did nothing to stop it nor to order a buy in.
Riddle me this? Who's on the MDMN mail list that they felt that it would be enough to do a mass emailing for pr? I'm sure les and greg and the bod knows we are going to need a lot of volume/new buyers. But on the video whoever it was talking(greg or les) seemed pretty comfortable with an emailing doing the trick.
Thanks OF. I did catch the part about the 10% div. I also heard the part about fulfilling Sarbane-Oxley requirements but did not hear the plans about moving to a better exchange or a proposed time ine in regards to such.
Did they mention at the meeting if and approx when we'd be off otcbb and on to a better exchange? I didn't hear anything regarding this on the tapes but I could have missed it. TIA
Welcome to MDMN; where business transactions will always occur without a doubt or trepidation....NEXT WEEK.
Its been a when since 2001. Still waiting....
My understanding at the time is that all of those things that you mentioned were to prove that there was a ns and attempt to quantify as best as possible under the circumstances. The div at that time was to put pressure on the nsers and try to induce a cover. You have to remember the time reference--back then all ns except for mms to maintain an orderly fluid market, was uniformly denied by the SEC and all exchanges.
If its like the last div its restricted stock. So you need to hold it a certain amount of specified time depending on the div restrictions. Yes, they did say you need to hold it 6 mos before you can trade.
Sustained heavy buying volume is all that will help. Teacups get broken all the time. If heavy buying doesn't happen neither will the pps, divvy or no divvy. jmho based on whats happened in the past. Our only hope is that our partner is a big bruiser that will carry us coupled with fantastic drill results.
That divvy did not cause any short cover like it was supposed to even though it proved without any doubt that there was a substantial ns. The price never improved. You need sustained buying pressure. Not just a divy.
So Les and co's atty stood by me and I got what I should have received without a hassle.
Let me tell you-things between me and my broker changed. Plus whenever I would call the brokerage after that people were tense and on guard whenever they would speak to me.
They're really not there for your good. Not your broker. Not the manager. Not the compliance officer.
My broker was a friend of mine before he was my broker. I kept asking him to help me get my div and he just kept blowing me off. I kept telling I was entitled to it.
His reply was "...frankly nobody cares."
Go back and listen to the MDMN meeting. Thats what they meant about the shareholders need to get involved. You're going to have to go head to head with your broker to get your divvy if you're on of the unfortunates.
Compliance officers? Let me tell you what happened to me first hand with the last divvy 10 yrs ago. The brokerage compliance pfficer told me that I didn't have the stock prior to the div date. I had all the paperwork and proved that I did even though she already had the same info at the brokerage. She tried to deny me the div even after I proved that I had all the evidence. I called Les-he got MDMN atty to write a letter telling her I was a stockholder of record, that I had a div coming and they had to provide me with it or an equivalent.
They had to buy reg stock for my div. How do I know that?
I got regular stock for a div eve.ryone else got restricted stock.
Can't get away from the basics. There's no denying them. Who cares who holds what currently. That's not what is going to drive the sh/price.
ie we need volume. That's what we hope the announcement produces. Volume preceeds pps.
What counts is getting a flood of new investors who exert an intolerable amount of buying pressure. Then the long holders can ride the wave.
Lets hope the deal gets finalized and drill results are spectacular. If we attract a plethora of new investors the overwhelming buying will take care of all contingencies. Don't focus on mm games and ns-- those are distractions. Focus on the deal finalizing and drills turning. Then we'll all be eating pig cheese and goat wine.
Over the past couple of years I've read different articles dealing with the metal reserve deficit of major mining companies on the Kitco website. So if you really want to read about it do what HR suggested about running a google search or dig thru past articles on the Kitco site. I'm not taking up my time to do your dd for you.
From things I've read the big boys have cash reserves but they are short of mining/mineral reserves. That's good for us and probably why we have suitors. Metal prices are up, and virgin mineral rich properties are few. We are blessed.
We're pink with no capital and the only currency we have is stock.
Compared to other pinks i've bought in the past these guys have done a decent job(I've been in 11 yrs). They could have, without any meeting since they control the majority voting shs (and i've had this happen several times), issued all the a/shs and diluted the snot out of the stock then turn around and do a 100:1 or 1000:1 R/S and wiped us all out, then reissue new stock. In pink country this happens a lot and its not against the rules(what rules-its PINK). Instead they've been frugal and only used stock for necessities and to jump on oppurtune property for all of our benefit. So MDMN doesn't follow normal proceedure of large cap cos. Its because we're not large cap. People have been screaming every time stock is used to pay expenses. We haven't had cash-- what else can they do. As far as not having a PR firm --what are we going to pay them with? Stock? And have the same people who complain about no PR firm also scream about using stock for currency. This is not a Fortune 500 company. Among the big complainers I wonder how many have actually gone to the OTC web page and actually read the incredibly little regs there are and read the SEC warnings as well. If anyone is upset its your own fault for buying pink and not understanding what you're buying as far as the mkt level.
We're lucky anyone would even want to do a deal with us. In large cap land doing business with a pink sheeter is like having a love affair with a leper. Corp people have big egos and dealing with a pinkie is really stooping low.
Thank you
Where can can you hear/view the meeting? TIA
You're probably right. But we need a lot of new buyers to really move.
Last year there was no more paperwork everything was signed just money transfer left.
Then money held up by homeland security.
It was we love all the terms and everything is fine just our own internal paperwork to fix.
Said that for approx 5 months. THEN around June....
CDCH is dropped. But we're still in love with you. Just our own paperwork hangup....AND..........NADA
Correct me if I'm wrong....PLEASE.
10 yrs ago they were doing a co-gen plant conversion for 10 million in my town. It made the top 10 domestic deals in business wk at the time. 180 million is crap?
Questions? Who cares. Questions won't change a thing. BOTTOM LINE: Juan, Les and BOD have the controlling vote. End of story. Not let them out of the room? Ever hear of cell phones, police and 911? Childish bravado talk that amounts to nothing.