Medinah Minerals (MDMN)

[easymillion]

Naked Short Selling VS FTDs
For those denying the daily FTDs reveal a possibility of a Naked Short in MDMN I attach a link (there are many) to a lengthy expose of the problem.
http://www.buyins.net/articles/christian.pdf
"It is not these temporary failures to deliver that cause the
concern; rather it is the prolonged failures to deliver caused by
manipulative naked short selling.
80
The prolonged failures to
deliver resulting from naked short selling can reach such high
levels that the total amount of failures to deliver in a stock may
be greater than its total available public float of the security.81 " p1045

To be clear, I don't say a naked short is present in MDMN, just that the daily FTDs appear somewhat suspicious in that an inventory does not appear to be kept by the MMs engaged in making a market here. My understanding is that shorting used as a strategy to control price in a market is illegal, whereas with legitimate market making, the occasional occurance of an inadvertent short is permissible.
Easy