Medinah Minerals (MDMN)

[jetpilot1101]

I'll give MG the benefit of the doubt and say he penned the letter himself with no management help. All I have is his post on the alternate MDMN forum so I'll cut him a bit of slack.

It certainly does appear that the rumors surrounding Ulander were true. MDMN really got themselves in a pickle this time.

My concern at this point is the signed contract. Obviously MDMN has one with the man. If they didn't, they would have been lying to shareholders. So assuming they have a signed contract, Ulander has some leverage over them as long as he is not in breach of contract. Everything official from MDMN states that he has not breached the contract. So how long can he tie up MDMN in court or at the very least, prevent them from courting another company to purchase ADL?

Bad situation all around.