Replies to post #77755 on Medinah Minerals (MDMN)

[Medinaminer]

The con artist is gaming the system to the max.

He extracts all the equity on his house, never intending to meet the mortgage payments. Borrower lives it up. The lender forecloses and looses a good percentage of the loaned funds. Con game is complete.

This man should be hung from his ankles, upside down, from the flag pole in the City Center in Santiago.

He is not fit to be called a human. Even animals have regard for natural laws. This is a gross, stinkin flesh masquerading as a human.

Despicable thief.

[Veblen]

You are assuming he can't pay. In all probability he doesn't want to pay.

He has probably hidden all his assets (or protected them from seizure in some manner) and is planning to "leave town".

He has also probably mortgaged the residence to the maximum so that there would be little or no equity left for creditors.