Medinah Minerals (MDMN)

[Pocho69]

Great post from BE, he did hit the nail on the head.


Based on examples like the Ciclon deal, I don't think our BOD, nor this board, ever even understood what a " Capital Company" meant. This update basically says the company is trying to figure out what to do with all of the worhless claims we "acquired" over the years in exchange for generous shares to JJ & Son. Maybe this will quiet the silly notion that the amount of hectares we have grown to own somehow justifies the shares outstanding.

The only claims with value are the same claims this company owned when there were only 150M shares oustanding. The "consolidation of non core claims" is a fancy way of saying that they are "mopping up the lost and last decade of JJ's mess."