Replies to post #53455 on Medinah Minerals (MDMN)

[safecents]

So if Amarant doesn't fund by the end of the year than we can sell our collateral...????

REALLY?!?

To who? Amarant cannot even find some sucker to by back 10% to give JJ his $5.4 million walking around money to let the drilling begain.

How much did those 90 million shares cost Amarant?

Maybe $399. That is what it costs to set up a corporation on legalzoom.com.

This was a suckers deal and it surprises the heck out of me that investors do not understand that 90 million shares of NOTHING is NOTHING.

This is not a publically trading company. It is a private company.
Before you invest in penny stocks one should understand the basics of corporate law.

Stick with trading in index funds. Much less of a chance of you losing your life savings...or maybe a fixed annuity would be better.

I know high risk high reward but most here don't even seem to understand how the deal is structured and how poor of a deal this is for medinah.

Why did they make such a lousy deal?

Is the mountain real? Than why didn't they get a better deal than this.

We fall 5% per day on average until we are back at support of 4 cents...than we see if we go even lower. Very possible.