Replies to post #50579 on Medinah Minerals (MDMN)

[janice shell]

You have correctly identified the loophole that the Off Shore scammers EXPLOIT.

Do you not yet grasp that in a Reg S placement, the company is KNOWINGLY selling stock to the "offshore scammers" you describe?

In reality, some Reg S placements are entirely legitimate. What's wrong with the exemption is that non-reporting companies don't have to tell anyone when they do one. Nor need they divulge how much stock is involved.

[jetpilot1101]

You have missed the point but that's ok.

...and you assume that all CEO's of pink sheet companies are on the up and up.