Medinah Minerals (MDMN)

[Toxic Avenger]

Really? Funny how they have never mentioned proving the massive naked short position to regulators, if, as you say, they've had that proof for a decade.

Doesn't allowing people to counterfeit your stock for more than 10 years suggest you don't care that it's happening? JJ is going after "Bogden" for a fraction of what the company knows others have counterfeited? Sounds a little callous, no? Isn't that like saying, "I'm going to make sure I get my shares back, but the stockholders who think they hold hundreds of millions of shares, but really have counterfeit ones are on their own"?

Just doesn't add up for me.

So either the company really can't prove there is a large naked short position (which should be easy if they have shareholders willing to provide brokerage statements showing far more than the float, or the T/A simply provides the info) OR they have proof, but don't want it exposed, which may actually be worse for shareholders as it allows more counterfeiting to take place. I welcome other possible explanations, but "they don't think anything can be done about it" doesn't cut it for me personally.