Learning to Pump POS Stocks
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Why would AURYN give any word about a share distribution to the mdmn shareholders? Mdmn owns the shares. They are mdmn's to do with as they please.
All preferred shares are cancelled for MDMN. If I were MDMN I wouldn't distribute anything. Besides, it is all irrelevant to AUMC.
MDMN could go to zero, and Les Price and his pals can try to tie it up all they want and bankrupt the company like they did before. AUMC will still move forward just fine.
Les Price was the one producing incorrect balance sheets.
You are missing the point. Medinah's debts are not even 400k.
The filings tell the story. You are incorrect. AUMC at $1 places MDMN over $0.005 book.
Over $1 on AUMC is at least $0.005 for MDMN.
This busts through $1 this year as they go into production. Count on it.
AUMC has a twitter feed.
https://twitter.com/aurynmining
Maybe the SEC will go after these guys if enough of us complain.
https://www.sec.gov/oiea/Complaint.html
I don't know the source. It was secondhand from a shareholder. It seemed plausible to me since I also saw a message on this board from BigBaboon that it would be taxes that gets Price. I read through all the legal documents and filings and message boards. Several shareholders reported Price and his companies to the SEC, FBI, Royal Canadian Mounted Police, and Canada Revenue Agency. The lawsuit made it very clear how the scam was being run. Read the lawsuit.
https://medinah-minerals.com/wp-content/uploads/2016/12/Mdmn-v-LP-PF-GXK-MMC-EtAl_2016-12-23.pdf
I have done my research. This has been a scam by Price and Quijano for over 20 years. Others have been in on it too. Probably Regis, the original Transfer Agent and some friends and promotional buddies of Price who were helping him move the stock.
The property is a greenfield with minimal old fashioned mining and has never been explored. Quijano and Price made sure of that by shuffling the properties between many private and public companies. Auryn did minimal exploration work and pulled all claims into one company. Price and Quijano ran their scam until Cordova and Goodin caught them.
Medinah owns nothing but shares in Auryn. Auryn will need to raise money to explore the mountain to see if there is any value. They won't do it for free. I am not waiting for it. Time to take my losses and move on.
A shareholder told me that Price is under investigation by the Canada Revenue Agency for tax fraud on the money he received for the unauthorized shares he was issuing. The money for the private placements went to a company that Price owned and not to Medinah. Just like Capone. It's the tax man that eventually gets these guys in the end.
"all the stock issues and her report came back that all the stock issues were legal and accounted for"
That's a nice work of fiction you just posted.
Price settled and Medinah got all his shares in Auryn, Medinah, Cerro and American Sierra. Price also dropped his questionable debt claims. Chapin and Karra voluntarily gave back their stock as well. Chapin claimed he was completely unaware of any of the illegal "fraudulent" stock issuance as Price was falsifying the numbers to the board of directors, accountant, and attorney.
According to the financials other shareholders who bought stock from Price gave back their stock too. People don't do that if it is all legal and accounted for.
According to the legal documents, Price's illegal use of board member signatures was standard operating procedure. He did so with the Okanadian deal which cost Medinah a lot of money as well. Price is still on the hook for this.
https://medinah-minerals.com/medinah-announces-legal-judgment-nevada-lawsuit/
This is a pattern. Honest people don't have these kinds of legal issues. He may get off on technicalities or better lawyering, but to say it is all legal and accounted for shows who you serve.
https://laxtongibbens.com/wp-content/uploads/2015/11/HUFF.pdf
https://www.theglobeandmail.com/report-on-business/bermuda-short-accused-known-to-investigators/article25303371/
https://medinah-minerals.com/wp-content/uploads/2016/12/Mdmn-v-LP-PF-GXK-MMC-EtAl_2016-12-23.pdf
The guy has been a con man for more than 20 years.
I was told that Price and Quijano did that several times. It was their regular habit. That is how they got claims into MDMN from NPER and into CDCH from MDMN and into their private LDM venture and back out of CDCH and into MDMN.
All of them are worth two shares.
He has not diluted the heck out of us like the others.
Hi les. Is that why JJ and you kept shuffling claims from one entity to another? You let the properties lapse, avoided taxes and rebid them under other company names over and over again while you illegally issued millions of shares through private placements and lived the high life with shareholders money?
It plays well to the user.
Tax bill will priced into that upgrade?
Cerro is the new Auryn and owns all the properties. We get CDCH for our MDMN stock after Medinah gets CDCH for its Auryn stock.
Medinah said, "To this end Medinah plans to satisfy its financial obligations as quickly as possible and distribute the remaining assets to our shareholders before ceasing operations."
Anyone have a guess as to how long that will take?
No longer "IMO". Now it's fact.
Why the new website?
Is anyone following CDCH?
Empty about.
It's alive.
Nothing? Why post that when the facts are clear?
Price gave back all his shares and shares in CDCH and AMNP per financials and was hit with $400k in judgment per MDMN web post.
http://medinah-minerals.com/medinah-announces-legal-judgment-nevada-lawsuit/
http://medinah-minerals.com/final-settlement-shares-processed/
Final total shows 4 million preferred decrease and over 115 million common decrease.
At $0.10 per year dividend on the preferred that's $2,000,000 recovered of 5 years at 4 million and it continues to pay going forward.
115 million common is about $500,000 at today's depressed price.
From financials
Furthermore, the company expects to receive shares in the following companies as a result of recent legal settlements:
• Cerro Dorado, Inc. (CDCH) – 19,300,000 shares.
• American Sierra Gold Corp. (AMNP) – 1,700,000 shares.
Duh! Medinah would have been crazy stupid to have a shareholder meeting in 2016 without full knowledge of the share situation.
Price had billion+ of shares issued. Maybe MDMN cancelling the shareholder meeting and allowing Auryn to do an informational meeting was necessary to prevent Price from taking over, increasing the shares authorized, and covering up his crap.
And it will only continue to grow as they strengthen as a publishing company.
Well that was fun.
From a stockwatch article.
There are enough "believers" to create a new batch of suckers.
The 2016 Auryn informational meeting has nothing to do with anything.
My point is the company has never been run legally. It was a scheme from the start.
The 2012 shareholder meeting, Amarant, preferred shares, property ownership. It was all a sham.
It started before that. I have been doing my research. Go back and read about the Bermuda Short Sting. They were trying to do the pump and dump back then and got busted.
Price got off on a technicality and immediately goes to work and keeps the game going for 10 more years.
More research. Go back further and you will read about Price defrauding some widows. Nothing changed with this guy in 25 years.
Auryn has stepped in and picked up any survivors. Whether it amounts to anything remains to be seen. Good luck.
There has never been a valid shareholder meeting. The company has been run improperly from day one by Price.
This is not very difficult. Shareholders were scammed by Les Price and Juan Quijano. The property is nothing but potential right now. AURYN has no value. It owns 100% of the ADL. Medinah owns 25% of AURYN.
It is that simple. Medinah shareholders should be thankful to AURYN and the BOD for cleaning Medinah up as best as possible and at least giving people a chance of some return. By any measure, Medinah should be 0 bid given the fraud.
Anyone that thinks otherwise is not thinking and has little understanding of mining or Chilean law or Les Price.
AURYN doesn't even know the value of the properties. They are undeveloped and unexplored. Read their press releases.
Medinah had no advantage.
They had no money. They were already being sued by Okanadian. They were already at their share limit from AURYN option agreement perspective (1.5 B) and from Price crook perspective (3.0 B)
Nobody would deal with Medinah. They would have lost the properties.
Hello? Medinah exchanged its property for 25% of AURYN long before the new board of directors took over.
Do you realize what an option agreement is?
Do you understand who had the option?
There was no reason for AURYN to exercise the option, that is why Chapin negotiated a deal and forced Price and Quijano to move forward.
Correcto mundo. There were more than 4 million preferred creating a debt to the shareholders of 400,000 US Dollars every year to Price and friends.
Before they were cancelled and all the rights with them it was over 2 million dollars. Share conversion for that would be another 500 million shares at the .004.