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There is no intentional ignoring of CDCH for MDMN. Many of us view them as one and the same. Yes they are two separate share structures with two separate boards. However CDCH has empowered JJ and Les to get this done for them.
There futures at this point are completely connected.
BTW...I think any talk of a reverse merger is ludicrous. It's not happening. Who are they supposed to reverse merge with?
- KMT
" Jack, Mike is not SIP. SIP is a very intelligent, funny, outstanding character, morals to die for, and married to chewie. LOL! "
Vince:
The reason Jack thought SIP was Mike is because he's become awfully bullish and is "pumping" (as you call it) MDMN on MP as much as anyone else.
In fact, about 10 days ago I he was taking issue with my saying Les had not left for Chile. He insisted Les had left and refused to believe otherwise for a bit even after some people said they spoke with him in Vancouver. He's obviously got sources that others don't.
- KMT
Vince:
You said....
"I'll treat you like I do Kevey and Mikey. Ya leave me alone I leave you alone."
If that's the case, then why did you respond to Hulkster in a message with this...
"After you get tired of trying to realize that many of us are tired of the ten year crap, you just might understand, until then, use the ignore button, you might have to pull your head out of Kevey and Mikey azzes first!"
Mike nor I did anything to initiate your attack on Hulkster or us via the way you attacked him. It seems every chance you get you take a pot shot at us. Why?
You fail to realize that there are dozens of posters on MP that have their own contact with LP and others, have their own thoughts about this, believe it is going to happen, and don't care what you, Mike, or I think. I haven't posted on MP in close to a week.
Is the reason you like to always single Mike and me out because you don't have access to MP?
Do you really think we are the only one's who are bullish on MDMN?
Do you really think all those people are incapable of making investment decisions without our input?
Why didn't you castigate geoly for posting what LP told him via email? Was he acting as LP's mouthpiece?
- KMT
jack:
What are you worried about all this stuff for?
I thought you were of the opinion this is nothing but a Vancouver P&D anyway. If that's the case we don't have a prayer of reaching $0.30. Too many of us with millions of shares would be out before they could run it that high. Heck, you'll be out of here with a double.
Thanks for looking out for us though.
But to answer you as if it were an honest question...
IMO, you make some faulty assumptions (mostly likely because you believe we're all being taken for a ride). The first is you're assuming MDMN issues the shares. Secondly your assuming they get nothing in return for them. Both those remains to be seen.
No shareholder in their right mind would want dilution with no corresponding value returned.
The only reason MDMN has had to dilute to this point is to pay bills. After they have some cash the days of shares to pay bills will be long gone.
Why would the largest shareholders (JJ and other insiders) want to dilute their own position? According to MDMN Q&A, the plan is buy back stock and possibly swap stock with JV partner.
I suppose that plan will either gain or lose credibility after we see the terms and partner for the JV.
- KMT
You're right Miningman. Not many people would, and I wouldn't advise it. I can't speak for anyone else, but I did. LOL
Call me happily stupid! LOL
- KMT
::: Geoly, nice post. Let's hope it works out! :::
Now again you accuse me and Mike of being paid promoters when you know it is BS. I am sorry for your bitterness. I hope someday you can get past it.
Along with that you conveniently forget "History." Anyone with an average of $0.50 was listening to you 7-10 years ago, along with me, Mike and others. You were touting this just as much anyone else. Remember or should I pull up your SI posts?
If your average is $0.50 you could not have possibly averaged down. Vince, for over 4 1/2 years the price of MDMN was $0.005 a share or less. Sorry you didn't take advantage of that.
Go ahead and have the last word on this topic. I'll let the share price over the coming weeks and months speak for me. :)
And while you're bringing up history, please share the "apology" email that you sent to me (and copied others on) about how we were on the same team and such.
- KMT
Sensationalizing a move from 2 cents to 60 cents divided by 10 years !!!! Hmmmmmmmmmmmmmmmmmmmmmmm.
Yes, I would say that's sensational.
Please enlighten me with how sensational your investments are? What have you bought that has provided a 30 fold return in 10 years?
On top of that, many of us will get even a better return than that. Our average is below $0.02 and IMO we'll get better than $0.60 average when we cash out. Furthermore, all of our money hasn't been tied up for 10 years.
Your problem is you probably bought most of your shares at $0.50 a share ten years ago and are begrudging those of us who averaged in and down and are actually sitting on gains at this point.
- KMT
Sure, whatever you say Vince. Make something up after the fact to cover your error instead of simply admitting your math was wrong.
On one hand you say the decimal was in the wrong place for the example, on the other hand you say its in the right place but by the time book value reaches the shareholders it gets cut by a factor of 10. As they say in LA, "that dog don't hunt."
As far as $0.02 average, you're right. Anyone who believed the things you and others wrote would not have averaged down during the five years we were below $.005. The only people with averages over $.02 to $.05 are those who have been in for 7-10 years and never averaged down. Most of the people I know are siting pretty with their average. Those who bought in the last 7 years will make a very good return, IMO.
- KMT
Argue his numbers? They are just plain wrong. The basic math isn't right. Why should I bother debating his assumptions?
When I read it last night I wasn't going to say anything. I assumed most people were bright enough to realize that $500,000,000 divided by 850,000,000 shares is not $0.06 per share.
By the way, a $0.58 pay out on a $0.02 investment is a good deal, in case you have trouble doing the math. :) It may end up even better than that when JJ gets this wrapped up and drilling confirms the value.
- KMT
I asked MDMN management about the increase in authorized shares of MDMN a little over two months ago. I was told the reason for the increase was that there is discussion of a stock swap with one of the potential JV partners. Furthermore, I was told if a stock swap is done it will be done subsequent to the JV, not as part of the JV, and at much higher prices.
I have revisited the issue at least three times and the answer has been the same.
From the latest Q&A on Medinah's site.
Q) “Is it true that the number of authorized shares for MDMN was recently increased from 750 million to 850 million? If so, can you explain why this was necessary? Naturally, shareholders are concerned about the potential for share value dilution that an increase in outstandiing shares would cause unless there is some offsetting event. Can you explain why we will not need to worry about dilution if that is the case?”
A) The Company policy is to restrict share issues to the minimum necessary to service essential needs for the continuation of the corporation and its contractual obligations. Negotiations with several potential Joint Venture participants indicate a possibility of their involvement in the equity of Medinah, outside and apart from the basic participation proposals.
Most of you don't believe anything MDMN management says so what does it matter anyway? It's a non-reporting pink sheet. Treat issued as authorized. Then when they deliver a JV with a major and do a stock swap down the road you'll be pleasantly surprised.
And for those of you who say MP site is worthless, we hashed this out several weeks ago.
- KMT
Why not do some real due diligence and find out?
It's not difficult. Some of us new about MDMN's increase well before it was posted on MP.
I'll give you a hint. Do a business entity search at the secretary of state site for state where CDCH is incorporated. It's the same state that MDMN in incorportated.
You can examine both companies corporate actions there.
I'm not trying to be harsh, but me telling you how to find it isn't going to learn you much. :)
- KMT
You know, I much prefer the way STAY communicates with shareholders. They just take your money and don't tell you anything. :)
- KMT
Here is why the stock guru's are endorsing him and Canadians too!
I'm willing to deal with the pain of the alternative. At some point this house of cards is going to fall. Fram oil filter..."pay me now or pay me later."
- KMT
"Power corrupts, and absolute power corrupts absolutely." ~
Lord Acton
OT:
Here is one that is talking about it.
http://www.ronpaul2008.com/issues/debt-and-taxes/
Here's one guy that "get's it" on many of the issues, IMO...
http://www.youtube.com/RonPaul2008dotcom
- KMT
As of yesterday the answer was USD.
We'll find out in the next 16 days. Eric is going to lose the second bet with me. I have complete confidence. ;)
- KMT
Yes, that is more your style. :)
It's the substance that counts though. Ice cream is ice cream, but Baskin Robins makes 31 flavors because we all like a different style... There I go getting too deep again. LOL
How's this for you. Only the lead dog gets a change of scenery. :)
- KMT
When difficulties overtake you and life seems unfair you usually have two choices. You can become bitter or better. Sadly, far too many people become bitter. I have a few long time friends here who have become better. You know who you are. Thanks for the many conversations and phone calls over the last ten years! Our day is coming.
One of my favorite quotes (by Aragorn in Return of the King) the spirit of which helped me get through some tough times during the years 2-5 or so in Medinah....
I see in your eyes the same fear that would take the heart of me.
A day may come when the courage of men fails,
when we forsake our friends
and break all bonds of fellowship,
but it is not this day.
An hour of wolves and shattered shields,
when the age of men comes crashing down,
but it is not this day!
This day we fight!!
By all that you hold dear on this good Earth,
I bid you stand, Men of the West!!!
- KMT
Miningman,
Do you own stock in MDMN or CDCH?
If so, why?
- KMT
LOL. Come on Eric. You know that's Vince posing as another alias. He had the same alias on MP that he was using.
Sure, me, Mike, Les, we're all in on a scam.
So what's your position in this Eric? What do you think is going to happen to the stock price? Don't play good cop/bad cop. What are your actions saying?
So do you think me, Mike, and Les are all running a scam?
- KMT
From the latest Q & A...
Each of the potential Joint Venture participants have timelines to present formal offers; however, as we were dealing with 12 separate groups, in all different stages of due diligence, involving numerous trips to the property to examine the workings and geological sampling, and all with different dates on Non-Disclosure and Non-Compete agreements, there is not a common formalization date. We anticipate “Plan A” completing in October. In the unlikely event “Plan B” is necessary, this should complete in November.
I'll see you all in three weeks (unless Plan A closes before then). No sense jawing until then...too much life to live.
- KMT
From the latest Q & A...
Each of the potential Joint Venture participants have timelines to present formal offers; however, as we were dealing with 12 separate groups, in all different stages of due diligence, involving numerous trips to the property to examine the workings and geological sampling, and all with different dates on Non-Disclosure and Non-Compete agreements, there is not a common formalization date. We anticipate “Plan A” completing in October. In the unlikely event “Plan B” is necessary, this should complete in November.
I'll see you all in three weeks (unless Plan A closes before then). No sense jawing until then...too much life to live.
- KMT
Ah this board is a nice place these days. :)
So we wait now to see what the diario oficial shows later this week. Some are hoping it will name names. The Q&A just posted says it will not.
Regardless, if a decision is reached by Oct 11, it won't be long before we all find out. The Q&A said October. We've waited this long, we can wait a bit longer.
What will the reaction be if LP and MDMN pull a rabbit out of the hat?
- KMT
For those that are following along, it seems this link explains the process we soon will be or are already going through.
http://www.state.gov/e/eeb/ifd/2006/61970.htm
I believe we'll be able to check here to get information when it actually has gone through the process.
http://www.diariooficial.cl/
- KMT
No, not by foreigners, but by foreign corporations. There is a difference.
If there is a better way to have this structured, please share it with us. I'd love to bring it to the attention of management and the BOD. From what I gather it was quite expensive to set it up this way. Given that CDCH will have to have someone qualified as an owner for Cerro Chile, your research could save them a bunch of time and money.
I briefly looked over the trust agreement documents and they all looked fine to me. The CDCH board has extensively looked into the setup and from what I gather they have no issues.
It would be great for you to get a full legal opinion on it from some international lawyers. I would sure appreciate the work. Otherwise I can only trust what I'm told as being true.
On the other hand, if your only purpose in raising this is because you distrust management, why don't you sell your stock and move on?
- KMT
Not really Elrac.
Quite frankly Vince ticks me off. Apparently he has a fetish with me and mentions me by name or picks at something in every third post of his.
I will no longer respond though. I'm not going to let him goad me into his games any longer. He lives off this stuff and I'm just enabling him by responding. It's time to starve him of it.
Cheers.
- KMT
Thanks Dr. Phil...
Now I'll leave you to be king of the board. Just a tip though...know your patient before you start doling out advice.
- KMT
P.S. Please take the last word...you cannot seem to live without it.
"Welcome to the real world?"
I feel for you Vince. You need to learn not to be so jaded.
Saying I begin to see the world the way you do is no compliment!
"Kevin seems to want to pass the koolaid around and not take a sip, sorta like Clinton not inhaling."
I guess from someone that thinks about life like you do that would be a compliment. LOL
Realism isn't living like Eyeore. It's understanding there are pitfalls and crooks and choosing to live above it.
- KMT
P.S. Go ahead and post the full content...i.e. the post before it too.
P.P.S. By the way, keep trying to work the emails and figure out what is going on. People are on to you. Nobody is going to tell you anything. Your tactics are just like HPOBET. You make assertions that aren't true and then call us kool-aid servers when your false assertions regarding us don't happen. Nice game. Yup, you're mister integrity! NOT
Hey Kook-aid server...
Why don't you point out the full context of my post?
People of character take responsibility for their decisions instead of playing the victim and looking to point the finger and blame others for their losses.
From my MP post...
One last thought...the market gives you what it gives you. You know what you want, but you take what you get. Anyone hearing JJ or anyone else saying that this will hit $1 and then getting upset if it doesn't needs to learn that lesson. This is not a CD with a guaranteed 5.36% return. This is a high flying pink sheet (hopefully.) It's not the place for naive or new investors to be playing around. Believe me, I cut my investment teeth on MDMN almost twelve years ago now. It's a painful place to learn about the realities of the market.
- KMT
P.S. Ernomad...that is what your proteges should be focusing on from my message.
Hey pal. Medinah hasn't been $0.30 in over 8 years (July 1999). You might want to indict Vince too. :) He was a big cheerleader back then.
Anyone listening to Mike would have continued buying when it was down under .005 and would now be in the black! HA!
Anyone listening to Vince would have stopped buying and sold for a loss.
So which one are you? Do you mean to tell me you've been holding for 8 years now and are over a 30 cent average? And you're blaming that on Mike?
- KMT
You still don't get it...YOU ARE THE ONLY ONE NOT WELCOME AT MP.
Others are welcome and have voiced contrary opinions, myself included. The record speaks for itself. You see Vinnie...it's all about YOU. You can't get over the fact you're opinion is not wanted, mostly because of the manner in which you share it.
Continue to whine and complain all you want. I don't think Mike is going to let you back in. If you're nice though, I may try and put a good word in for you.
If you have a quarter, call up someone who cares about your complaints. Mike put on the MP outer thread that in his opinion and other shareholders, offers are in. Pure speculation as far as I'm concerned. Whether I think offers are in or not is irrelevant.
I do think anyone buying at this price won't regret it. When? I don't know. This week, next week, or the month after. It doesn't matter to me. I'm not a seller nor a buyer at this point.
Cheers....and let me know if you'd like some cheese with your whine.
- KMT
P.S. Last post from me on this subject. You thrive on the attention this brings you. Sorry, but that's how I see it. I'm off to post my positive and negative sentiments at MP. Let the hype begin! All rumors are at a fevered pitch and are saying a deal is upon us. Imminent? We'll see. This is Medinah after all and new definitions have been created for soon, extremely soon, next week, close, imminent, and the like.
P.P.S. 21 posts on IHUB today and more than half from you Vince. You like to hear yourself post, huh? :P
Along with that Mike, they conveniently overlook the fact that you've also mentioned supporting information like IP results, drill results from the 18 holes, assays and grab samples that we "heard" have been done by interested parties, assays from the newly discovered breccia pipes, along with tracing and grabbing samples from the adits.
Admittedly, some of this information is non-public and only hearsay, nevertheless, to me it paints a nice picture. We all agree drilling is needed to confirm and prove up the property.
Mike, I suggest you keep your posts to the MP site. Your posting over here just creates controversy and attention which is what some people thrive on. Kool-aid is much better served on MP. Let everyone here drink the kook-aid. ;)
- KMT
Elrac:
I posted the answer on MP. I asked both companies that question over a week ago. IMO, it's a good use of money. Given that we have none, he only is going if acceptable offers have been made. :)
- KMT
Vince:
If it is all about Mike's ego (and mine too as you seem to continue to want to belittle me and tie me to Mike every chance you get) then why can you not let him have the air space?
You are the humble and mature one. Humble and mature people don't need to correct others or point out their failures every chance they get.
So Vince, you're such a great, mature, and humble guy....be bigger than the ones your accusing.
- KMT
P.S. Since 8/30 Mike has made 5 posts on these boards, I have 5 and you over 33 posts. Think about it...and since you are so much more mature and humble than me (which I readily admit) go ahead and add another post to your tally and rebuke me here.
Exactly elrac...
The old Indy boy needs to follow the advice he gave me. :)
Cheers,
KT
What did you say about having fun and entertainment and not taking this too seriously?
You need to take that advice! LOL Ha!
Rip off is an expression...it's a sucker bet...if they want to bet money, put it in the market rather than on a bet you cannot win, regardless.
It reminds me of the story of a sales manager that had a contest for his sales team. He bet each of his seven salesman a case of golf balls that they wouldn't win the sales contest. LOL He lost one of those bets and won six. Not a bad deal for him.
- KMT
BTW Eric, it's been a while since we have spoken. Your read on this is WAY, WAY wrong. You've been drinking too much of the cajun kook-aid. It has a bitter taste because that's its root.
This is big...very big, and you are going to end up wishing your children listened to Mike and not you. I seriously believe that. You might want to buy a few more drinks for that customer of yours and find out what is really going on.
Of course, there is no reason not to simply leave the money in the account and wait for the announcement of a deal (or a little precursor that I think will tip the hand.)
- Kevin
Anyone betting on a JV is stupid (myself included for taking) eric's bet.
Guys don't let Eric rip you off.
Heck I'll bet anyone $100,000 that Medinah doesn't have a JV by December 2010.
As long as I know you have the ability and will actually pay, I'd be stupid not to make the bet and you would be stupid to make it.
I simply put my $100K in the market. If I lose the bet my $100K is worth multiples. If I win the bet, I have free shares after December 2010.
- KMT
George:
Make him give you odds, otherwise your money is better off in the market.
- KMT
Vince:
Let me see if I can help you out a bit...
Asserting that anyone who has done their own research and decided to invest and risk their own capital is a kool-aid drinker is belittling at best.
Your continued and constant attempts to knock anyone down a peg who believes this investment doesn't endear you too anyone or make you any bigger. In fact, it does the exact opposite, it makes you smaller.
The fact that you cannot control the volume of your posts and you need to be heard multiple times a day forcing your opinion to be agreed with doesn't endear you to anyone either. Just look at your volume of posts compared to anyone else on the thread.
If you want to argue facts, argue facts without the constant attempts to insult and belittle anyone who disagrees with your interpretation.
Along the same lines, nobody I know is threatened by your questions. Nothing is wrong with asking tough questions. As we know, in pinksheet land, it's very tough to get answers to those questions that can be independently verified. Most of it comes down to he said / she said and ends up being a matter of trust or gut feel based on looking at circumstantial evidence and such.
What people get tired of hearing (from what I gather) is your interpretation to the lack of answers to your questions. We simply disagree with you. Yet you want to force us to believe your interpretation.
You have asserted that Mike is an insider and that I am insider. You have also asserted that Les is a crook and runs this in a six week cycle with us cooperating and pumping up the stock so he can take our money. You have even "questioned" our integrity and insinuated we are getting compensated for it.
What ticks me off is you know better, yet you continue to spew utter BS like that every couple of weeks or so. I don't consider anyone that does that a friend of mine or my investment.
So, you have done DD, have you? Tell me, who are the names of the parties that JJ is in negotiation with? How can you verify such? Why did you believe Les when he thought that July was it? Did you ever find out what happened that caused July not to be it? How many people have you spoken with that have spoken with Juan personally in the last six months? When did you last speak with Juan?
- KMT