Replies to post #59129 on Medinah Minerals (MDMN)

[Toxic Avenger]

Why does it sound like shareholders are going to take it up the %*% again?
What are the terms of the class "C" preferred? "We have first claim on all assets of MDMN"?

[easymillion]

SHAREHOLDER UPDATE - Thanks for Posting HR!
Beyond all the nefarious fear mongering conjectures, I think the explanations are really simplified into two major points. No more forward carrying interest notes in the way of one-sided loans to JJ for accountants to explain. Simply stated, it satisfies reporting requirements of publicly traded companies as it cleans up any grey areas of one public (MDMN NA) and one private company (MDMN Chile) trying to explain who paid what and when. Simplifies all the financials to one company reporting under:

Alternative Reporting Standard: When SEC registration is not required, companies must generally still make information publicly available pursuant to Federal securities laws, including Rule 10b-5 under the Exchange Act and pursuant Rule 144(c)(2) under the Securities Act. OTC Markets Group offers the Alternative Reporting Standard for companies who choose to make material information publicly available to investors

Also, now there is only one company and it's officers to deal with in determining signing all requirements and future details of any negotiation. Best possible outcome for all shareholders at this stage. We have the first step in becoming a profitable and fully reporting company announced today, IMO.
Invested in the Mountain ...
and That's What Counts!
$$$$ I'll be Taking it to the Bank $$$$
easy

[superdow]

"Medinah Mining Chile has acquired 21 additional properties including 100% ownership of the entire Gordon breccia."

Is the Gordon Breccia the area of adl in which the drilling occurred? I thought we had a 50% interest in the drilled area. Is this saying mmc owned 100 percent of that area before this restrucuring? did they mean to say medinah mining usa has acquired 21 additional properties including 100 percent ownership ....

I hope that those 21 contiguous properties are contiguous to the adl. I would hate to think we paid a premium to acquire some more of JJ's crap properties.

In the final analysis, the pros or cons of this deal must be based on the number of common shares that jj will ultimately acquire and his preferential right to any cash generated by mdmn. No one knows the answers to these questions apparantly.