Medinah Minerals (MDMN)

[Goldstrike]

I beg to differ with you on this one. I believe that these gentlemen have come to a studied conclusion regarding the possible value of these claims. However, monetizing the claims ala JJ style not has benefited the shareholder. Yes, a bit of dilution came our way via the share dividend, but that was just a dry bone.
I'm sure any shrewd businessman, compromised or not, would take a sure thing over a gamble. A sure thing in this instance turned out to be endless cycles of promotion and profit-taking from the ballooning share structure over time.
The gamble was taking a charge on exploration and drilling of the property. If increasing the share count meant freeing up funds for drilling, everyone, including shareholders could benefit.
The choice was made by management. I think it's really just about that simple.
It appears the story has been told. Almost all right-thinking shareholders realize the page must now be turned.