Replies to post #69290 on Medinah Minerals (MDMN)

[Anvil]

JMO, but I don't think shareholders have the right to demand a review of mangement/BOD trading records. Nevada law is very one sided with protections for the Company.

However, if I interpet NV law, shareholders equating a minimum of 15% of the o/s, can call a special shareholders meeting, as well as, request to review the Board Minutes/Resolutions and probably the T/A register.

From the above, they will be able to see who got what certs, and if and when the restriction/legend was approved for removal.

Where the pitchforks are missing the boat is that as a pinkie, officers and directors do not have to report their stock purchases or sales. The only regulation is that affiliates can't sell more than 1% of the o/s per quarter.

I am quite sure that a broker's compliance department would monitor the number of shares sold by affiliates.

Now Les, whom claims not to be affiliate, could sell as much as he wanted. But again, I would hope the Compliance Department would be smart enough to see that he is the ultimate insider and hold him to the 1% rule.

[mrbubba]

Jetpilot, I'm thinking Les will put disgruntled shareholders in their place when the dust settles and he has the time to do so. In the meantime, there is no legal requirement that he prove a negative to you or anybody else.

What if you were accused you of cheating on your wife. Should you have to stop everything and "prove" it?

If you guys want to really find out what's going on, the real solution is to simply file suit. It's cheap. And you'll only have to spend 1,000.00 or less on discovery to get your answer. The whole thing should cost you less than 2,000.00. Just do it already if you're that concerned.

[BigBaboon]

MDMN's BOD is a group of Professional Businessmen... they are doing their job... the last thing they would want is a wannabe team of self proclaimed auditors... who will waste everybody's time, effort and money...

This group you talk about... have nothing to bring to the table... except interference and trouble...