Purely on a financials basis, it appears MDMN is way, way, way, overbought. Over $50 million in market cap for a company which has less than $10 million in assets and retained losses of $6 million.
Of course, that may well be because of the March information that "On February 7, 2012 a joint venture agreement was signed on the alto de lepanque properties as to an option to sell 85 percent of these properties for $180,000,000 to be received over a three year period. Medinah’s net position will be about fifty percent of the total."
Meanwhile, on 6/15, there still is no final deal.
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