Medinah Minerals (MDMN)

[Hurricane_Rick]

And if MDMN let's Price off the hook as you've been wrongly advocating, NONE of these shares would be getting recovered.

With 3 billion shares outstanding and millions of preferreds that are entitled to 10% annual dividend per year, MDMN would essentially and eventually crumble under the weight of that share bloat and dilution and current investors wouldn't see any potential recovery from their investment.

Medinah management is doing the right thing by going after Price and those investors that were unjustly enriched by Price's scheme at the expense of common shareholders.

If you still think this is a waste of company resources, just do the math on the number of shares recovered from this one shareholder's 57 million common shares returned, 127,000 preferred that could've been convertible to 127 million shares at 10:1 and that carried an annual 10% dividend.

Additionally, this shareholder most likely provided valuable information and the money trail which can strengthen the company's case against and turn the screws on Price.

But of course, had the company done nothing, then nothing is exactly what the company would get.