One of the things that most excites me about what is going on is this . . .
I no longer have to call someone or tap into the rumor mill to find out a story about what might happen. No longer am I waiting week after week with a carrot being dangled out in front of me, expecting or hoping for something to materialize that never does.
For the last several months it’s been very clear what was happening. AMC made the schedule clear for what’s coming for the next two months. Mine construction, early production. Any stories outside of those things I have simply ignored.
I check into MP far less often to find out what might be going on now and have completely stopped calling any shareholders to find out or discuss the latest rumor of the week.
IMO- Gary is an honorable person. He helped me out many years ago when I had a problem with LP, ID and (il)legality of the Frontier offering. Basically, I got screwed and Gary gave me good legal counsel how to proceed. I spoke with him again a few months back about ANMP and he was forthright with his information. I think we are in good hands and he will do his best to further the clean up.
The leader of a forum doesn’t check out because he no longer cares about rumors from the north. He stays connected to the daily pulse of the forum. Or he’s not a leader. Which is it?
Okay. My group is willing to give them the benefit of doubt until the shareholders meeting. We would expect positive developments in the interm.
I realize we are in a much better place but past complicity and future competence clarity is of the outmost importance. They have made a pledge to clear the books. Let’s see how they perform.
Probably not a fair assessment of Vittal unless you judge him on the share price. Juan’s antics over the last couple of years pretty much made his job impossible. One big thing to give him credit for-it did preside over the whole transition of the properties into Auryn’s hands who are infinitely more likely to make money from them for us. Also, him stepping aside right now is perfect timing for us all.
Re:Gary…no one here should be worried about him. Everyone who has met him including myself likes him. He is more than competent enough to get us through the current transitional phase. It has been awhile since I last met with him. Perhaps I should get off my lazy butt and drive down to Indy to see him?
all great news change is here hope we see that in the price. All I really care is getting a return to get the hell out. I no longer am interested in nothing else.
Agreed.Great news. Still think Gary should be gone and is getting paid 2,219,999 too many shares but it’s nice to see Vittal hit the road. I don’t think this will impact the share price but there is no doubting we are on some very solid fundamental footing.
Where’s all the agreements that were recently executed? These agreements need to be publicized (in English) so (1) our new friends can prove their character and stature, and (2) there will no longer be a shroud of secrecy. This is the way penny stocks operate - and that’s why they trade for pennies. It’s not on US to get out of this mindset - It’s on our new friends who everybody here thinks have come to the rescue. No more excuses for keeping us in the dark.
Dang…they were just announced yesterday. Good grief.
I just wish you were so insistent about penny stock mentality when you were getting the double secret handshake info that you unquestioningly accepted as fact.
An additional 125,200 preferred shares were issued to two parties, 25,200 to Donald Johnson and 100,000 to Okanadian Management Corp. The Class C Redeemable Convertible Non-Voting Preferred Stock is convertible at a fixed price discount of USD $.007 per share.
Anyone know what those shares were issued for? Nice discount, plus preferred! Fortunately it’s not a lot of stock.
Also wondering, does anyone know if Michael Thomas is still advising us? What does he or has he advised MDMN regarding? According to the filings he hasn’t received any shares for services since 2014. He is still listed on the website.
And I wish you would exhibit a little professional skepticism. I thought there was a “new day” around here. Quite frankly, we continue to bask in ignorance, as our new friends will not release the agreements. This has been and will continue to be the major source of shareholder discontent.
I never unquestioningly accepted anything as fact - I only espoused the free flow of information, everybody considering it, and then making up their own minds and moving on, as opposed to the one-sided version that comported with your own opinions.
you don’t know the conversion rate so it could be a significant amount of shares
when speaking to AMC, I would suggest you advise them to take a hard look at the books…both past and present…I’m guessing there are a LOT of shares that can be returned to the treasury (similar to what CDCH is doing)…I doubt Les nor JJ hold any more shares and they probably can’t afford any clawback but the preferreds would be cancelled and they would face some heavy consequences.
Again, it’s not our friends responsibility. MDMN signed the contract. Our friends just added two members to the BOD. So perhaps now that they are on there some of those answers may be provided. I’ll let you pressure them.
The company just announced it is doing a review of Medinah. As a possible new investor to MDMN would you not wait until the results of that investigation? I expect no real share price increase until results announced…also expect everything will be positive upon review.
I hope it doesn’t happen, but I wouldn’t be surprised if we experience some friction on The Mining Play as the shareholders divide into camps.
There are those who are in favor of the past where LP basically managed the company as a shadow CEO under a very passive BOD (mostly due to JJ having control of half the claims.)
Then there are those who are in favor of the transition to AMC owning 65% of the project and have 2/3 representation on the BOD. I believe this group has a majority of the shares between MASGLAS share ownership, friends and families, and long time, large shareholders who are looking for a change and will toss their votes in support of AMC.
Then there are the cautious ones who are in the middle. They don’t like how we were treated, but neither are they sure about the new team.
I am firmly in the camp of supporting the new direction. I welcome the skepticism of the cautious ones in the middle. I simply ask that you give AMC and company some time to demonstrate the differences.
To those in favor of the old status quo – sorry, but those days are gone. Don’t worry, the new team is doing their best to make sure your shares actually have real value!
