Medinah Minerals (MDMN)

[Beth0515]

The dilution has already been accounted for in the market...

This is patently absurd on any level. Around 10 million or so shares have been traded since the revelation of the fraud MDMN allowed to be perpetrated. 10 million shares represents approximately 0.33% of the float.

The only thing that has "been accounted for" is that every common stockholders' intrinsic, or book value per share if you prefer, was cut in half by the thieving insiders at MDMN. There is usually little correlation between book value and stock price, and even less when you are talking about a heavily diluted pink sheet joke like Medinah that has essentially zero stage presence or market awareness, absolutely no institutional support, and only claim to noteriety is the sordid history of the crooks and imbeciles at the helm of the company.

The stock price didn't magically adjust to reflect the 50% loss in value. It takes sellers to move stock price, and the majority of non-insiders probably feel like it is better move to hope for the highly unlikely potential the Auryn/Masglas deal will work out in MDMN's favor versus selling for a penny.

And mark my words- there will be no, as in ZERO, cash dividends in 2016 or 2017 flowing to Medinah shareholders, most likely never. I will agree that Medinah has been a "blessing" to folks like Leslie Price and the Chapin family. I've little doubt they're quite "grateful".