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Wednesday, June 27, 2012 11:18:47 AM
It would be good to know their holdings and interests in MDMN as well as other publicly held corps. What they do in other private businesses, as long as there are no conflicts of interest with their Medinah holdings is none of my concern.
I have to believe there are some members of management who have and are selling shares. I have no proof. Just my opinion. That in itself, is not an issue. When you couple sales of shares by management, insiders, with announcements of done, done, done deals and other self serving announcements and discussions and updates, that's when I get off the bus.
If I were LP or any of the others, I would come clean and announce I am selling shares, as do other insiders in listed companies. But that's me. There is no requirement here to adhere to the same set of ethics and rules that listed company insiders do.
So pink sheet company insiders are free to pillage the shareholders value all they want, and many do. I am not saying these guys have been doing it or are doing it. It would simply surprise me if they have not and do not sell shares when sp go up as they have from their original cost, which has to be way below where the sp is trading today and especially at the peak of $0.16-$0.19 area. Volume...at the peaks. Who is selling. I bought at the peaks. I might have bought LP's shares. I bought because they announced done, done, done.
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