Medinah Minerals (MDMN)

[Hurricane_Rick]

Your investing experience must be mostly with scams. Public and private, because I personally don’t know of one other public company that doesn’t have two signatures required whether the check is for the monthly phone bill or a 10 million dollar purchase of equipment.

Um, let's not misrepresent what I said, shall we? The fact that I said that I personally don't care whether the companies I have invested in mandate dual signatures, has no bearing whatsoever on the company I've invested in. For all you know, my portfolio could all be DOW components, and I don't give a crap how they sign their checks.

I guess we hang out with different classes of companies as, other than Medinah, the public companies I know are audited each year.

Here's a heads up you may want to be wary of with MDMN - it is an OTC Current Pink Sheet company. They are not an SEC filer. As such, there is no requirement for audits. There is no requirement for dual signatures (that I know of). There is no requirement for almost anything except for the requisite quarterly and annual disclosures in order to maintain their OTC Current status. Should MDMN decide to uplist to a higher tier or exchange, then that will change. But until then, shareholders should expect that any disclosures or corporate governance above the minimum required is a "nice-to-have", not a requirement. if this is a make-or-break issue for any investor, then they shouldn't be investing in pink sheets.

The fact that Les Price had arranged to have the Directors from all over the country (and now the world) and therefore they were physically unable to properly manage the bank account was very convenient for him.

Where are you getting this from? And in what way have they improperly managed the bank account?

And now you say that Greg Chapin has taken over that role? What, they don’t know anybody in the same city? How very very convenient.

Greg Chapin is currently the primary financier of the company. You'd have to ask him what his specific role is beyond that. But I'm guessing based on his role on the BOD and his financial commitment, he's keeping close tabs on how MDMN's money is being spent.

I’ve also heard recently from a good source that the Letts camp thought that the Medinah Board of Directors were “weak” and they wanted it to stay that way. If I were buying shares in a public company I’d want the Board to be weak also. Makes the open market shares cheaper to purchase.

Oooooooh a source!!!! Here is an unsourced opinion if you care - Medinah's BOD IS weak! I don't need to poll anyone in the Letts camp on that. Just ask all but a small handful of shareholders. Take a look at the history of this company and read the director bios on the corporate website. Not to diminish that which I don't know about Karra and Goodin, but by all public indications they are nothing more than MDMN-friendly, though trusted, placeholders. At least I know with Chapin that as much as he probably wants out of his current role on the BOD, he is committed to protecting his significant investment (and my relatively minor investment) in this company.

Everybody around Medinah is in hiding and unless you’re a favored person, like yourself, with a private phone number or email, none of the Directors can ever be contacted.

I'm a favored person? LMAO! Don't confuse having a relatively positive outlook on this investment with being favored by...or being in communication with the BOD. I have never spoken with anyone at MDMN except at the 2012 AGM. My communications are essentially unilateral, though I could probably change that somewhat if I chose. If there is an issue I feel strong enough about, I know how to get their attention...I've done it before. Other shareholders could do likewise if they are resourceful, persuasive...and respectful.