![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, December 31, 2016 12:41:30 PM
If MDMN wasn't wasting monies... chasing Les down a rabbit hole... the future outlook... would be even better... but that is what it is...
I'm with you and Bubba on the stock being an interesting high risk/high reward investment on the condition that our stolen shares are retrieved and the share structure made right again.
3 billion shares, half of them stolen, with the uncertainty that they will ever be retrieved, makes this a sub penny stock despite any future good news. The stock is simply tainted at this point, and new investors are not interested.
I believe the new management believes there is possibility in the mountain, as do I. That is why it is imperative that all stolen shares be clawed back, even at the cost of legal fees in the millions. Let's do some simple math: If, on good news, with the current 3 billion O/S, the stock doubles to a penny. That represents a market cap of 30 million dollars, divided among those 3 billion shares. If our stolen shares are retrieved, and the O/S brought down below 1.5 billion, roughly 15 million dollars are made and our share price doubles again. If the stock were to climb to a nickel pps on truly outstanding news (for the sake of argument), we would retrieve 75 million in stolen market capital.
This is why spending a couple of million on legal fees to pursue the Canadian shyster is a good investment. Management is pursuing this because they believe in the mountain. If it turns out to be as good as hoped, a couple of million is a very small price to pay for tens of millions in return.
This appears to be a no-brainer, at least to me, and is certainly not, as you state " wasting monies... chasing Les down a rabbit hole."
I might add that this nonsense about "forgiveness" and "cheek turning" has no bearing on business matters. Given the circumstances, it is offensive to contemplate..
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM