Medinah Minerals (MDMN)

[jetpilot1101]

The going excuse seems to be that all these behind the scenes wheelings and dealings by Les, JJ and who knows who else are so complicated that the average shareholder can't begin to figure them out. I never thought insulting shareholder intelligence was a good strategy but apparently some folks invested in this play seem to think it is.

Once again, THIS STUFF IS VERY COMPLICATED. Kneejerk reactions suggesting fraudulent behavior by those with perhaps 10% of the facts or expertise to render a judgment can be very damaging TO ALL SHAREHOLDERS.

I have a few suggestions.

1. File paperwork with the SEC and let the shareholders figure it out for themselves via legitimate documents. The reason it is "very complicated" is because MDMN is a non-filer and no one has a clue about what is going on.

2. The insinuations of fraud are directly related to the fact that MDMN doesn't file with the SEC. If no one knows what is going on, how can people not suspect fraud? After 24 years, MDMN is no closer to being an SEC filer than when they started. (FWIW, Moving up OTC tiers doesn't count, fiing paperwork with the regulators does.) How come none of the proceeds from all the years of dilution went towards making MDMN a legitimate SEC filer? How come after a quarter century they still file unaudited financials? With a mountain that people claim holds billions in gold and other metals, you would think MDMN would want to at least have the appearance of legitimacy? What is so incredibly hard about filing paperwork with the SEC? In all seriousness, how much does that cost?

I applaud some shareholders who are finally fed up with the mushroom treatment and are speaking out. It is long overdue.