4/7/16
15:59:31 Buy-162,566
Sell-822,814 Most at the bid
User name checks out
Once the MOU is official there is not much the BOD has to do. Compensation should be minimal. Non Gratis IMO. They have been compensated enough. They no longer must pay claim expenses, which is the biggest nut. Normal operating expenses can be drastically reduced with a little common sense. Expect some dilution. I have suggested, post MOU, full disclosure of all planned 2016 expenses, including compensation, and a plan to pay for those expenses via a loan on future production or dilution with a pledge to buy back shares. There are smart minds on this board that have managementâs ears who could develop a solid business plan. The current BOD isnât going away. Perhaps we can direct our energy and business savvy to help them make better decisions rather than taking a path that has little or no chance to succeedâŚJASâŚ
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Good luck with that.
I read these comments along with those from Cabezon and can only shake my head. The reason why this investment has been such a trainwreck is because many of the long-term shareholders have taken a âdefenseless positionâ as powerless common shareholders while insiders have diluted the sheet out of the company. Even worse, many of these shareholders have stuck up for seemingly obvious abuses along the way. Inexcusable IMO.
Why spend your energy and time on âpapersâ describing the unlimited upside of the mountain while youâre percentage of the mountain drifts away? One very simple example of how shareholders can actually make a difference was when it was discovered that Chapinâs brother was taking millions of shares for a virtual office. Or how about the ridiculous liabilities that CDCH had supposedly accrued over the years? They were reduced significantly. JJâs claim that he owned 50% of CDCH through CDCH Chile? Gone.
If the collective shareholder base âsacked upâ we can, and will, prevent these crooks from further diluting this investment. Because Les and JJ/Claro have sold so many shares, they have lost controlling interest, and the shareholders who actually have the fortitude and number of shares to change the status quo are going to step up.
This existing BOD is a group of legacy puppets and insanely unethical âmanagers.â The âwe have no other optionâ mantra is not only lazy but highly destructive to the potential positive momentum of this investment.
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Wow great plan uneven know are u a BOD? If we have to give advise to our BOD, we are in trouble. Why canât they retire into the sunset are they that more greedy?
âand the shareholders who actually have the fortitude and number of shares to change the status quo are going to step up.â
Youâve been talking about this for quite some time. What are you waiting for? Go for it. I canât wait to see the results.
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How specifically do when end this madness and prevent this from happening again. If we are going to dilute. Canât we sell a percentage of something to get enough moneyâs to pay ourselves a dividend to figure out how many legit shares we have and exactly how many shareholders and how many shares are BOD have? Is that possible or is there another way.
And why would they get to vote the street shares slick?
like I saidâŚâlazy, defenseless shareholdersâ have contributed to where we are todayâŚhopefully, a more proactive shareholder base will improve our prospects moving forwardâŚyou are clearly not going to be part of that effort b/c you believe that insiders owning less than 20% of the company have some sort of iron-clad immunity. You should hope, for your sake, that youâre wrong. Otherwise 1.5 cents is going to be looking very attractive to where we could trade in the future.
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Back to my original point. Since there seems to be no up front money Medinah needs to operate on a shoestring. I was told how much the shareholder meeting would cost the company. I was floored by the amount. One can rent a very popular and professional meeting room in LV that holds 1500. Throw in some necessities the price is max 5k per day. Since shareholders attend on their own dime, so should the BODâs. That saves 30k. Itâs a start.
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John.
Call me and others all the names you want. Prove it. I dare you to try.
Good luck. Notice I responded without calling names. You should learn from it.
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Like I said. If you believe the existing BOD will remain and still stay invested in this stock there are a lot of ânamesâ I could call you but smart wouldnât be one of them.
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Like I saidâŚso far⌠all talk and no action. Action speaks louder than words.
Iâll say it again. I dare you to try. Keep us posted.
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What specific action can shareholders take to replace the present BOD? I do not recommend anyone getting their shares in certificate form. I did it for 2012 agm to show at the door. They only checked brokerage statements and it took me 4 months to get the certificate shares back in my etrade account. Huge hassle!
KBKâŚAsk BaldyâŚHe seems to have a plan But has yet to act on it.
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Doc has been talking about getting some type of monies on any of these deals for years to try and determine whether we would experience a short squeeze from naked shorting but I believe the BOD donât want cash because it might end the viscous cycle of dilution.