MDMN - 2016-05-16 Weekly Discussion

Weekly Discussion
202

In the spirit of a fresh start for this board I’ll assume the position of the resident arsshold and suggest that you avoid nonsensical references to evil market makers and questions related to production or other events that have not been disclosed by the company. This is no longer a “what did Les say” penny stock forum. Avoid the “why would anone sell at these levels” mentality" and exercise some patience on actual results.

It’s unfortunate that Doc and whomever else were blowing up balloons while you waited for a payday but ignore the fluff and wait for some actual data. I promise you will be rewarded as these results matriculate. A continuous focus on day to day price action will make you and the readers of this board insane, Please act accordingly

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203

Your position is well established. Fresh start is a good mind set. This has become a term play for those who have the wherewithal, patience and believe in the reserves.

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205

Where did you find this volume shorted data?

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Daily short volume can be found here:

(Date is entered manually in URL and percentage is calculated from the figures reported).
or here:

(use “ORF” file)
Bi-Monthly (long short) files are here:
http://otce.finra.org/ESI
(check OTC other and enter MDMN in equity “ISSUE”)

207

To be clear regarding the daily short volume report, it only reports a short sale that in not covered within 30 seconds. It could be subsequently covered, otherwise, any long dated open short positions would be reported on the bi-monthly Reg SHO list.

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208

Within 30 seconds? Interesting…
Where did you find this?
I had always thought of it as end of the day data…

The Daily Short Sale Volume Files provide aggregated volume by security on all short sale trades executed and reported to a FINRA reporting facility during normal market hours.
ADF Regulation SHO

209

I will dig for info over the weekend, but yes 30 seconds.

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210

I thought with all this great news this week we would at least have set a floor in the .02’s guess we will have to wait for production to start and revenue coming in for us to move up.

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I agree we should be trading above .02 at a minimum. And I love it that our sp in the future, will be based on merit and results. But as it stands today, there is very little interest in buying our stock. Just look at our volume this week, even after receiving our best news ever. I assume we are months out from production results, and may even have a hard time staying above .015. It is “almost” hard to believe, but anything is possible in Medinahland. What also concerns me are those shareholders with millions of shares, that do not want to wait it out. Perhaps they may unload a portion of their position. The last thing we need right now is any selling pressure. So we continue to wait it out, which is something that we all have become experts at…

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212

Related and of interest:

From Sprott US Media

With no money, exploration companies could do no work. Some assets got dropped because carrying costs could not be met; other assets got dusty sitting on a corporate shelf and getting zero attention. Investor relations people found work in new sectors.

Now that’s all changing. Today folks are busting to get all their ideas going before the rebound takes off. Assets are being dusted off. Investor relations people are getting rehired. Money is available again, which means explorers can explore, developers can advance, and miners can acquire.

When gold goes, major miners are the first to respond. Their share prices have done phenomenally well this year; Kinross is a good example, up 160%.[i]

Along with majors went the small group of companies that managed to maintain momentum through the bear market. …

It is easy to look at those companies and think, “Well, I missed it.” And yes, anyone who did not invest in late 2015 missed this part of gold’s rally.

But a gold rally has many parts.

A second wave has gotten underway more recently. Gold consolidating at its stronger level for two months has created confidence this is not a seasonal move but the beginning of a new gold bull market.

Mining’s movers and shakers have been awaiting this for years.

These are the guys who spent the bear market gaining ownership of prospective projects, eyeing juniors with good assets but bloated share structures or debt, connecting with successful management teams or technical groups that needed a new vehicle, and telling their contact lists to be patient.
…
The first move in gold and gold equities already happened. If you missed it, the important thing to remember now is that this is a stepwise process.

The current step involves bringing broken companies back from the brink. That means fixing broken share structures, rejigging entrenched management, and raising some cash.
…

This is the second “junior minor” related advert I have received in the last week or so. Sprott understands this market very well. They were buying stuff in the second half of 2015 anticipating the current turn around. Now they are anticipating the next legs in the smaller producers and exploration juniors.

Thus I am actually getting a bit optimistic that Auryn’s timing may turn out to be pretty good. By the end of the year production results will become clear, exploration results should really be piling up, and hopefully production expansion plans on Fortuna etc. are already being discussed. And this should be around the time the next gold / miner phases get going imo.

I am going to call Q1 2017 in particular as potentially really moving MDMN to the next level, not that there won’t be gains before then.

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213

Enter mdmn at the top

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The daily short report is fairly meaningless, especially if it is actually based on a 30 second window to locate shares to fulfill the entire order being filled by a brokerage as reported by mdmnholder. The more important report is the bi-monthly short report that shows there is no significant short position in MDMN during any recent bimonthly report:
http://otce.finra.org/ESI
Airshares are very likely a phenomena of the past. As Masglas and AURYN obtain certificates for their shares, the effective float should start to decrease as indicated by a decrease in shares held by the DTC on the next few Quarterly Reports. Q1 2017 should be quite interesting regarding a much tighter float, along with greater transparency in progress being made by AURYN. Will there be promotion of AURYN’s projects? Those attending October’s SHM should have an opportunity to ask questions and gain greater insight into what is in the shorter and longer term plans by the MDMN BOD for shareholders, along with any planned presentation by AURYN.

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To that notion…how many years have people been pointing to the daily short report as if it carries some kind of hidden meaning? And this observation has amounted exactly to what? It’s as silly as the clowns on I-Hub that constantly point to “Picasso” painting the tape…as if a single small end of day trade matters.

Shareholders have been complaining about the shorts for what, 20 years and counting now? Don’t you think at some point if there is a short position, that it would’ve been covered at least a little bit in that 20 years? No market maker or hedge fund or nefarious financial entity is going to keep a short position open (or grow it larger) for 20 years. This simply makes no sense. And assuming shorts completely piled on 5 years ago when MDMN was trading in the teens, they’d have to be complete financial incompetents if they haven’t covered that position by now. What?..they’re holding out for another 1/2 penny of downside? Not likely.

If a short position exists in any equity, at some point (or points) they’re going to eventually lock in their profits. If not, then the naked short truthers are essentially looking at the Warren Buffet of short position holders in this dinky little penny stock. I don’t think so.

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216

Rick, there is a very recent Supreme Court case concerning air shares. The Supreme Court believes in it.

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217

No doubt there are always financial shenanigans going on, particularly in the unregulated pink sheet market. No disputing that. However, with MDMN specifically, it makes no sense, fiscally or otherwise, that any financial entity holds a short position for 20 years.

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218

So you think they’ve covered since the shareholder meeting with 400 shareholders holding 1.2 B shares against 710M outstanding?

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219

The naked shorting in question took place back around 2006. Chances are it was done using the options loophole exploited by a number of people back then. Escala was an exchange listed stock at the time. There was no question it was being shorted naked; it had persistent threshold fails to deliver.

Escala was a scam. In 2005, it had to restate a string of financial statements. That should have been the first tipoff. Then in 2006, the offices of its Spanish affiliate were raided by the police. Charges followed.

The CEO, Greg Manning, is now portraying himself as a victim, but he was, in fact, eventually sued by the SEC for his role in the Escala mess.

Some seem to think the Supreme Court decision will make a difference that will favor plaintiffs. But the issue at stake was jurisdictional, and the Supremes in large part affirmed a Third Circuit ruling. I personally don’t believe it’ll make much difference.

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220

I work in a business environment which involves very large health & welfare and pension funds.
Although I don’t handle the investment side, I know a number of people who handle billions of $s for these funds
The majority of these money managers will not touch penny stocks due to the corruption involved.
We make money by buying low and selling hi
Market makers make money by us buying hi and selling low
There are influences in the market which help them achieve their goal.
Hired guns, algorithmic buying and selling controlling the bid and ask, collusive efforts, take your pick.
When it comes to making money, anything is possible because greed takes over.

221

Absolutely. MDMN was trading around .12 then and got back up over .16. MDMN has since dropped around 90%. It makes absolutely no sense that the short position wouldn’t be covered over a 4 year time frame to lock in that kind of profit when the remaining “upside” of going down further is only a penny or two at most.

For example, Medinah folklore has put a 2 billion figure of naked shorts outstanding. Let’s just say its conservatively 500 million. And let’s say the short position has an average cost of .10 per share. MDMN is currently trading at .015. That would put the shorts’ unrealized profit at $42.5 million. I’m sorry, but there’s just no way a short is going to keep an unrealized gain of $42.5 million open on a penny stock…particularly one that has had a penchant for making a run from .01 to over .10 several times in its history. They’re going to lock in that profit at some point.

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