Replies to post #66196 on Medinah Minerals (MDMN)

[Starman365]

I have already traded MDMN 3 times and I currently own a small position below where it is trading so I am doing very well for a 'short term' holder. My first buy was below .04c. My best sell was .1073. I hope it goes to .066-.060 because I will go in heavy and make another killing. Right now I only own 250k shares at .0686.

[Starman365]

Your Quote:

"You may want to consider this and set your time frames and share price expectations accordingly. "

Which is why you received the response you did.

I understand with all the stuff I have read about MDMN's past you may be a little frustrated. I hope things change and it looks like they are changing but I feel there is still a long road ahead.

I still think this stock can trade into the teens after another pullback near term which is the only reason I am sticking around.

[Beth0515]

Quote:
Or they really need to FIRE their PR firm who don't know sh*t about promoting a stock.
Those are strong words, but tell me how they can fire a PR firm they haven't engaged? Maybe you didn't realize this, but the company, which is largely revenueless and operating on a shoestring budget, does not spend money on PR firms. Not good news for short-term shareholders looking for a quick flip. The BOD is not in the mindset of promoting the stock for short-term trading opportunities, but rather they are concentrating on building long term end-game value to the company and its shareholders.

Not to be argumentative, but I feel that this position is a tad disingenuous.

This company has a billion share float, and while some of this came in connection with securing property rights and related acquisition activity, much of dilution seems to have resulted from, let's say, "interesting" arrangements with company insiders.

Just in the last year we've "compensated" Jeff Chapin (Greg's big bro, I believe) with stock worth over $60,000 for "office rent" in Las Vegas. Since we have zero employees or Vegas activity, nor a true LV business address, even the most supportive of stockholders has looked at this insider deal with suspicion. I think a $25/month rented post box would serve our needs adequately.

$60,000+ would buy a lot of PR expertise, and ANY PR expertise would be better than what we're stuck with. (no offense intended, Roberto...)

Yes, our company is cash-poor and illiquid, but I grow weary of hearing budget excuses for lack of proper simple execution when it seems apparent the company has no problem dealing out stock when it suits their agenda.

I inquired about this rent deal earlier this summer if anyone is interested:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=102958045