Replies to post #57769 on Medinah Minerals (MDMN)

[jetpilot1101]

You need to take anything said my Les with a grain of salt.

1. How can you have a verbal LOI or MOU when by definition, those are written documents?

http://www.thefreedictionary.com/letter+of+intent

http://encyclopedia.thefreedictionary.com/Memorandum+of+understanding

2. He admits that MDMN is dealing with "major" entities.

3. It appears news on LDM is forthcoming.

4. He admits he is meeting with "institutional investment firms" and those firms will be with MDMN for the long haul.

[janice shell]

Is the company currently in receipt of an LOI or MOU from any of the companies interested in the ADL? SEVEREAL VERBAL NOT YET IN OFFICIAL DOCULMENTS

How can a "letter" or a "memorandum" be "verbal"?

I HAVE BEEN, AND CONTINUE TO MEET WITH THE INSTITUTIAL INVESTMENT FIRMS...

Uh-oh. Toxic financiers?

[Pocho69]

quote:
While I appreciate the fact that Les is patient enough to answer questions on what seems to be a daily basis, the institutional investor comment is comedic. I don't know of any quality institutional investment fund that would invest in a company without audited financials, no formal resource report and trading in the low pennies.