Replies to post #62137 on Medinah Minerals (MDMN)

[Beth0515]

Once upon a time I had WAY more than 1/2 million shares and back in 2012 I still had a nice chunk. When the price started dropping after Duncelander I sold more shares. Hell of a strategy huh?

Have you ever heard of the idiom "Hoist by his own petard"? Shakespeare first used it in "Hamlet", I believe. Please allow me to demonstrate-

Again, these were YOUR words, October 3, 2012, Post 52245:

Here is mine. I first bought Medinah in 2006. My cost basis is below 4 cents. I hold over 500,000 shares including the now unrestricted dividend.

Five months later, you said this, March 26, 2013, Post 56356:

We have traded just over 2 million shares today or about 1/6th of my total position.

So, that means you were down to 333,333 shares. Taking you at your word, you sold 166,667 or so between 10/3/12 and 3/26/13.

Assuming your "below 4" cost basis for your "over" half million shares was $0.039, that is a cost of $19,500. To recover $19,500 (and get to "house money" status) you would have had to sell those 166,667 shares at a price of at least $0.117/share.

But guess what? The price was that high only one brief day subsequent to your October post and ended up 43.75% down over that five month time period. Unless you sold those shares the very next trading session after your 10/3/12 post, it is mathematically impossible to do what you say you did. By November 1st the stock was down to just over $0.09 and would fall $0.01 over each of the next three months.

Were you in the mood to sell during that period (again, you had one day to make the magic sale)?

Let's review your iHub posting highlights during that October-

52397, 10/6/12

Dude, I like you but I can guarantee you that BE is not selling a single share. he is way to smart to sell now that we are on the doorstep.

52469, 10/8/12

Wow, were really tanking here...NOT!!! Some people need to more attention to the facts and less to the rhetoric. Follow the bouncing ball folks because this is the bottom floor and the elevator is GOING UP!!!

52602, 10/11/12

I would suggest starting with the team that is Amarant. Pretty impressive bunch of guys. Bet your bottom dollar they did their DD on Medinah and the mountain and despite all the noise decided to pony up the drill money and shares of Alluvia. 1st tranche is on it's way...MARK IT!!!!

52779, 10/22/12

Personally I am very excited because I know that everything is on track and the deal is real.

I think I've made my point.

As for your questions, they have been answered in the past, regardless of the irrelevance of same. Some DD will flesh that out for you, I'm in no mood to waste any more time here.

Cheers!
B.