Replies to post #51239 on Medinah Minerals (MDMN)

[stevej]

Hulk: I certainly did not forget to include that part of the statement. Rather, I did not know what it meant. Or put another way, why state that the security deposit of $54 million is "to be completed"? Who are the Vendors? Actually, I do not understand the last part, and indeed left it out. If someone can explain to me why the update should include a statement, followed by a statement that contradicts the clear English of the prior statement, I'll be happy.

[Toxic Avenger]

You'll note:
- There is no value assigned to the 90 million shares. It's left to the reader to ASSUME it's $54 million, but that's a big assumption given Medinah's history.
- Shares have been remitted to "the Vendors". Who are "the Vendors"? Again, do you want to ASSUME it's Medinah?
- How are Alluvia shares valued? It's a private company. Is it simply what Amarant says it is?
- What are the detail terms of the deal? How much of Medinah claims does Amarant already own? How does their ownership change as milestones/payments occur?

This is a company that is supposed to be moving toward "fully reporting"? Yeah, it's going to be a LONG trip at this rate.

[536hr]

Excellent reply Hulk. Apparently Krak didn't see that statement either. Like I have said before if MDMN hit .50 certain people would still say it is a pump & dump, and a scam.

All anyone had to do was call Les Price and they would have found out exactly what was happening with MDMN Chile. And for those who don't know, what happens with MDMN Chile happens to MDMN USA!

It is really happening this time, and by that I mean all is well in Medinah Land. Fun times for us, not so for others..

Mike