Replies to post #76068 on Medinah Minerals (MDMN)

[Beth0515]

To be fair, BE on the other board made the valid point that if proceeds from the stolen shares never reached MDMN accounts, there is a very good chance of getting the shares back.
This has clear legal precedent and offers some hope.
Those whose shares were stolen from nper may be waiting a long time however...

It seems that that is what HR is suggesting.

I worry that the uber-optimistic MDMN rumor mill is once again setting stockholders up for a letdown.

Les is as slimy as they come, you have to wonder if he's in a hidey-hole somewhere in Saskatchewan.

I would be interested in any specific theory as to how exactly MDMN stockholders can expect redress?

[Veblen]

It seems to me that the MDMN BOYZ empowered whoever sold the shares to be in a position to do so and I don't think an innocent buyer would just give them up or have to due to the boards negligence. I doubt his lawyer would let him.

The buyer would be in the same position as an innocent holder in due course (as in negotiable instrument law).

The shares are negotiable, just look on the reverse side of the certificate.