Medinah Minerals (MDMN)

[easymillion]

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As most shareholders already know:

Naked Short Selling VS FTDs
For those denying the daily FTDs reveal a possibility of a Naked Short in MDMN there are many lengthy exposes of the problem.
(quoted from another board - links removed)

"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.

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. "

To be clear, I don't say a naked short is present in MDMN, although just the fact 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. Shares short (legitimately) are required to be covered within three days.

However, in the daily Reg Sho FTD reports, the FTDs frequently approach or exceed 50% of shares traded. The reports show a failure by MMs to locate shares, match trades, or have shares in inventory. Anyone watching this stock for any length of time will surely have seen a pattern here that is more than simple market making. Any chatter appearing on the boards "high fiving" this type of activity is reprehensible in that it may be construed as abetting an illegal activity. IMO

Easy