yes. but the silence is painful.
1 Like
Deleted by me
I received a reply late this past week which was in response to my e-mail to CDCH submitted a few weeks ago requesting a timeline update. This reply stated that the late filings and info âabout where the spin-off and split standâ are pending shortly with a nod to this upcoming week.
CHG
5 Likes
Nah. Not necessary. Just produce and keep shareholders informed.
Performance and results will trump everything (unless youâre just looking for some hand holding).
1 Like
Thanks for posting. Good to know the âDark statusâ should be lifted soon from the OTC site.
1 Like
Any updates on news forthcoming?
I believe that everything will be brought current on or before August 15th filing deadline.
2 Likes
Yes, I think things will unfold by the August 15th filing deadline. Everything is moving forward, if not just exactly as anticipated from the SHM. Shareholders have been waiting to hear that good things are coming. We need to hear all information on where shareholders stand regarding the spin-off and split. Everyone should realize we have a âlock-inâ on the AURYN shares that were received (once the spin-off and split are completed). The silence is deafening! There is a reason CDCH shareholders were invited to attend the upcoming meeting at the Mirage in Las Vegas. I expect weâll hear much more on how things are progressing on the Fortuna from AURYN/MASGLAS in the Informational Meeting. Remember that the shares in AURYN are not just tied to what is found on the Fortuna claims, but also the entire exploitation of claims owned by AURYN.
Hi CHG. Its been nearly a month since your statement. Do we know anything more?
I have not been able to get a response out of the company - so you know as much as I do
1 Like
Looks like financials are out.
Looks like the tailingâs project was cancelled since Cerro was unable to raise capital and 3 of the new directors resigned.
No surprises in this update. The previously proposed talings project was not , IMO, very compelling. George had been looking for another alternative for the past several months. Whatever direction they ultimately go is only a premium to the 5% of AMC that will be spun out.
Iâd like to see this spinoff sooner rather than later to avoid further dilution but, then again, they list Chapin and Les owning 13% of the company. If AMC conducts a legitimate audit on MDMNâs books Iâd expect them to uncover enough damning information for a claw back (return shares to the Treasury). The games played towards the end with CDCH were even more ridiculous than what we witnessed on the MDMN side of the ledger. It wouldnât be unreasonable to look shares being returned to Cerro. Note: the 50% supposedly owned by crook 1 & 2 (Les/JJ/Cerro Chile) miraculously disappeared when somebody bothered to take a precursory review of the books.
You really canât make this stuff up and yet many folks still have Les on their speed dial.
4 Likes
Youâve expressed a favorable opinion of George Young from early in the reorganization efforts, which is understandable, given his impressive background and experience. It is good that he remains on the BOD. It is unfortunate that the two BOD members resigned, but may be understandable considering the amount of time spent on trying to cobble together the La Serena project that did not gain financial backing. It was stated that over $260K had already been spent on sampling, metallurgical testing and engineering designs for the proposed project. It was my impression that the major upside on the La Serena project, after acquisition of the processing equipment, would have been produced from reprocessing and recovery from tailings at other nearby tailings remediation projects. The lost opportunity cost (DCF time-value-of-money compared to NPV) is not gratifying for shareholders.
It seems you may have had additional information that George Young (and Jose Borquez) had other projects on the drawing board. Hopefully an alternative will have financial backing in place and may be awaiting a suitable shell (CDCH). It seems that with Borquez being a member of the investment committee for Orion Mining Fund that a suitable project worthy of funding is likely to be found. Iâm sure all shareholders would like to see a spinoff sooner than later. Retaining both their expertise and contacts are extremely valuable in moving things forward to attaining/funding any new potential projects with a successful spinoff.
Also, one thing mentioned in the just released Quarterly Report is that 250K Series A Preferred Shares were cancelled, presumably Christopherâs.
Easy, The share were indeed that of Christopher. He is no longer allowed to own any penny stocks.
He can own, but he canât be officer or director on a penny stock company.
mdmnholder, That is not what I was told by Partrick. He is in a position to know. Sorry.
To see the SEC ruling on Christopher Day go to MDMN discussion board dated 5/28/16 comment 402 of 1188 by poster Mitch145. It will take you to IHUB where the Ruling is highlighted at the top of the comment.
The restrictions of Christopher are at the bottom of the ruling.
should these guys still be invovled in CDCH if they allowed LES to steal those shares? Should we be concerned about their involvement