Replies to post #74730 on Medinah Minerals (MDMN)

[Minichiello]

Quote:If the Articles of CDCH require 3 Directors and there are only 2, then the same problem exists as with Medinah. And if this is so, only two Directors when they require three, then the recent deal they did with AURYN is illegal.Or better still ask the SEC about this if you don't believe me. :Unquote

"Oh the illusory drama! There is nothing illegal about the Auryn deal. The Auryn deal was finalized BEFORE Chapin stepped down."

We're not talking about Medinah. We're talking about the 5% of AURYN that CDCH owns. Right?

[Minichiello]

"First of all, the provision and the specifics for holding an annual meeting is already dictated in their Articles of Incorporation so I'm not sure what director resolution needs to be passed for something that is already accounted for in the company's by-laws."

Not true and exactly the opposite. If the former were so, why hasn't there been a AGM for over 2 years? The current Board sets the time and date for a AGM and if there isn't a Board quorum they can't legally validate the meeting.

[Minichiello]

Quote:They can't even legally operate their current bank account without 3 Directors. :Unquote

"Poppycock."

I don't think you've read the paperwork that comes with opening a corporate bank account for a Junior company. All of the Directors have to sign approving the account and if the legal requirement for Directors has not been met, as in the case of Medinah, the account can't be opened. Does Medinah currently have a bank account now that Chapin has resigned?

If you know of one that doesn't require this, please tell us the name so we can all use them.