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Re: Mike Gold post# 60070

Friday, 11/01/2013 3:00:07 PM

Friday, November 01, 2013 3:00:07 PM

Post# of 80990
Other posters have performed worthy work refuting the most egregious fantasies and exaggerations in your post, so I'm left with only scraps, but since it is November, here it goes:

Medinah has completely changed its Board, added a CEO

Yes, on the surface this seem correct. But from a practical business management or investor relations perspective, exactly what has changed? Tenney is completely invisible and apparently ineffectual as well, as it was obvious he would be with his amazingly light resume devoid in related experiences. We still are force fed occasional "updates" which look just like the old unreadable garbage we're used to, celebrating "mini milestones" rather than providing any relevant information about the mystery JV we could use. Oh, I know, top secret super NDA, right?

And let's not forget our "completely changed board"! Please share with us what goodness Mr. Kirkland (of casino and piano fame) has brought us? Or Mr. Thomas, exactly how has shareholder value been increased due to his involvement? Specifics, please? Do you think for a minute they believe the lack of professional PR or IR services advances Medinah's cause? Now, I am of the opinion a board of directors should include a variety of professionals with different skill sets and perspectives, but given the innumerable "bait and switches" and broken promises of the past, I see absolutely nothing indicating anything of substance accruing to the involvement of those two gentlemen.

And aren't we paying these guys 2,000,000 in shares per year, or something like that?

And getting back to the already-refuted lark that "insiders have given up control", have you considered that JJ has millions more shares he can easily monetize, in stark contract to the thousands of hectares he's been consistently unable to monetize for over a decade? What does he care if he sells at $0.05 or $0.25? It's all "free money" to him!
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