Can I get an Amen?!
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Expecting accountability for potentially criminal malfeasance and corruption is not âharping on the past.â Rolling over and accepting it is self defeating, rewards the bad behavior, and ignores potential restoration of damages done. Speaking of tiredâI am tired of folks saying that we should expect this kind of crap because this is a pink sheet stock. Pink sheet stuff means that we are taking a bigger risk on the financial success of the company. It does not mean that we should expect criminal behavior on the part of management.
Fact - the LDM was given away in a glad handed insider deal with prior knowledge of discoveries not shared with us.
Fact - we were told that ore was being stock piled out of the LDM. Where did it go?
Fact - the Ulander deal was done an individual with a known criminal record who had no resources to back the promises. Who makes deals like that? You wouldnât sell your car to someone like that much less the ADL.
Fact - we were told that there were side contracts to the Auryn deal and ndaâs prevented us from seeing them. This has now been shown to be a lie.
Fact - Les Price and others spread distracting rumors about BS like the Bogdan insanity, Claro share selling, Juanâs uncle, etc etc etc. How much of this was true and how much was designed to keep us hanging?
Fact - The day the Auryn deal was announced someone started selling and the selling hasnât really stopped. The total volume of selling points to an inside element. Claro? Juan? Les? Auryn people? This selling has made no sense.
I could go on but will be accused of harping on the past. Ultimately, we have been cheated out of a significant chunk of our investmentâs potential. Why do we have to stand for this?
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[quote=âHurricane_Rick, post:347, topic:1377â]
This informational meeting is being hosted by AURYN. There is no cost to MEDINAH âŚ
AMEN
This forum is not going to resolve these issues. There is a new BOD heading Medinah now. Perhaps formally addressing issues directly to the new BOD, or bringing questions to address the BOD directly at the Informational Meeting would be better use of time.
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The words from Mr. Kirkland at the last AGM echo in my ears.
Hear, Hear! Well said JGold!
Aardvark
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No one has said you or LG must stand for this. You are free. Nobody has you chained up. Instead of talking about it, pick up the phone, break out your checkbooks, hire a lawyer experienced in international securities law, form a class action, and have at it already. And in a few years when you have the results, let us know how it turned out.
But other guys are free too. Doc and his group, and Kevin and his group, etc. have said they arenât interested in such action. And so far there is no evidence Auryn is interested in such action either. Why do you want to keep nagging them about their decision?
If you want to suggest some other action like issuing shares so MDMN can pay for an adit etc. then contact the company and suggest it. They seem to be responding to interrogatives now that Kevin is helping them out with communications. If they say no, they say no. If you want to ratchet up the intensity after that, itâs up to you. But just saying it over and over and over again here on TMP is accomplishing nothing.
I will be the first to suggest the following: TMP has outlived its usefulness and devolved into little more than rival verbal gangs armed with LIKE weapons. At this point, TMP is hurting the value of my shares, not helping. IMO TMP has become a middle-city ghetto with guys hanging on the street corners looking for some trouble and shouting out declamations to the rivals across the way. And it serves little other purpose. I propose a wind down after the Auryn informational meeting. Yes life without a bad habit like TMP is hard to imagine. So the knee-jerk reaction will be shock an contempt. But in the days and weeks ahead consider it. And for the truly addicted in danger of ill-health with out their daily fix, thereâs iHub or maybe start a new 12-Steps-To-Freedom-For-The-TMP-Addicted forum.
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The audit is already on-going. Since Auryn is involved,(and a Medinah shareholder) one has to believe they are highly motivated to find any impropriety that may have occurred. They have more than enough leverage in the form of existing shares that are still owned by the insiders, debts that havenât been paid yet, their assets in AMNP, CDCH and especially Nuoco and the associated shares of Auryn to force a claw back of stolen booty if there is any evidence of dirty doings.
In other words, those in control arenât putting up with all the historical crap. Some may recall that during Juanâs reign of terror, there was little that could be done without slitting our own throats. With Juan gone, Auryn fully in control, the share price already destroyed; there is plenty that can be done.
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Couldnât resist posting just one excerpt by HR from iHub (of many worthy of noting) :
The shareholdersâ meeting is the opportunity for all shareholders to face management of both companies and ask whatever they want to in an open and unfiltered setting. Anyone complaining about this opportunity has to have their head examined IMO.
HR does a commendable job moderating over there, as well. Thank You HR for your well reasoned comments on both boards!
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Since my name was listed on the 2012 shares from the company, I can say this:
I believe on two occasions in the last 10+ years I was asked to purchase shares direct from the company to help them cover some of their monthly burn rate!
I know that I paid .05 per share for 500,000 shares and .02 for another 500,000 many years ago.
None of the shares that I had purchased were preferred and donât know if anyone else did or did not acquire preferred shares!
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I may be wrong but I believe I have a recollection of TMPâs original objective was to offer a controlled board for shareholders to come together in a positive environment where the positives of the time could be discussed as a counter to the other forums that offered the Janice Shellâs, Tony Elgindy (Anthony@Pacific), and all the other bashers who routinely prevented potential new shareholders from hearing the positives.
Now, as I review what I just said I have to question if the first editions of TMP were maybe ahead of their time and some, not all, of those offering contrarian views at the time were often closer to being right than wrong. However, this may now be the perfect time for TMP to be available to the public while standing by its original objective.
I say now is the time for TMP because after easymillionâs comment about IHUB earlier I took a quick look over there. That quick look confirmed that the need continues for an informational discussion forum that can be offered to the public that has the ability to remove those whoâs only purpose is to disrupt any meaningful conversation with garbage content. I believe now, as we move away for the old to the NEW Medinah, will be the exact time TMP will have an opportunity to be the forum it was originally created to be.
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When we started this new forum, a couple of weeks into the New MDMN their was a cry for less moderation and a more open discussion, we decided to let it go. Not so much that it was the wild west, but enough so that many could get their issues out there so we could have a decent discussion and it wasnât so lopsided. Many here had/has many issues with what was and what is.
Letâs face it until the SP headâs north there will still be issueâs, if you think that those issues are caused by our forum, I can pretty much guarantee they are not.
We are being driven by a professional company, doing a professional job at getting production material out of the ground and turning it into an income. I know you have heard from several that the SP should be moving upward, but I have yet to see a company without proven reserve OR without income have a rise in the SP after suffering from battered syndrome the way we have.
Until the SP turns north I would hope we (TheMiningPlay) could continue on the path we are on. Suggestions for those who are attending the SH Meetings as to questions or get togetherâs are very important as is someone who is trusted to bring back a summation of the meetings, that would be much appreciated.
After the meetings, I think then would be an appropriate time to discuss the future of TheMiningPlayâŚ
Thx GC
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[quote=âcornhuskergold, post:354, topic:1377â]
Instead of talking about it, pick up the phone, break out your checkbooks, hire a lawyer experienced in international securities law, form a class action, and have at it already. And in a few years when you have the results, let us know how it turned out. [/quote]
I think JimGold is well aware International Securities Litigation is not an attractive or inexpensive option to pursue.
Disputes involving U.S. investors typically have been settled in negotiations between the investor and the appropriate government entity. Disputes have been referred to the local judicial system although the time required for resolution may make this an unattractive option for foreign investors. Because of the high caseload, understaffing and antiquated case-management procedures, resolution of business disputes in the civil court system can take four to five years.
http://www.state.gov/e/eb/rls/othr/ics/2015/241516.htm
IMO, MikeGold is quite correct in stating:
[quote=âMikeGold, post:355, topic:1377â]
The audit is already on-going. Since Auryn is involved,(and a Medinah shareholder) one has to believe they are highly motivated to find any impropriety that may have occurred. They have more than enough leverage in the form of existing shares that are still owned by the insiders, debts that havenât been paid yet, their assets in AMNP, CDCH and especially Nuoco and the associated shares of Auryn to force a claw back of stolen booty if there is any evidence of dirty doings.
[/quote] I say letting the new MEDINAH BOD and MASGLAS straighten out any identified past transgressions is the preferred way to advance PPS. Kicking early production opportunities into high gear is of the highest priority.
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Informational Meeting now also posted on Aurynâs main page.
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Expect a light to moderate storm to impact the mountain Monday morning. Should start out as rain and end as some snow.
More than inch of liquid expected so could potentially slow things down again.
It looks the entrance to the Caren is coming along nicely. Nice wide area now in front of where the new mine entrance will be.
For some perspective, the above picture is the red area in the Google Earth picture below:
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nothing ever said here moved the needle either way. Dont give yourselves that much credit. This page needs to be light mod and poster need to relax a little state your case without it being personal and honestly give the new company a chance to friggin mine the place before we throw the baby with the bath water. MDMN never got here even with NUCCO they took a bulldozer and pushed dirt. FIRST time I called LES about an update he told me the truck broke down coming down the mountain with the GEO. LOL that was one of many. I dont see crap like that being said I see numbers and forward movement. ALLOW it to blossom
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There are actions the BOD can take without the rest of us having to pony up for a class action lawsuit. The audit is a start. They can also invalidate and suspend shares awarded improperly. That would put the burden of legal action where it belongs.
I also find that it laughable that my words are harming anyoneâs investment. What harmed our investment was the bunch of us greedy lemmings listening to the tripe we were being fed by con artists and incompetents. The real damage was done by theft, dilution, and false statements. Putting our heads in the sand about it wishing it would go away does nothing.
Any serious investor will perform due diligence and see the sordid history. Posts like mine are not the source of that history. Any serious investor will continue to shy away until there is a real sign that new management can and will turn the tables on the past. Two things can be done to do that. The first is issuing a real cash dividend (not shares or minted silver coins lol). The first step will take some time to accomplish and therefore the shareprice recovery will take some time. A second step, which has potentially quicker results, is a full exposure of past deals with aggressive recovery actions. Cancelling shares will immediately improve dilution and prevent some current and future selling at critical times. If I thought that someone could expose that I âstoleâ shares, I think I would be selling them off in an inconspicuous way right now. Itâs harder to take cash from someoneâs wallet then to cancel securities.
Of course I will accused of focusing on the past. The opposite is true. The time is now to move forward with real actions to raise the share price.
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Hey Mike⌠thanks for all you do.
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Is anyone disappointed that our âshareholderâ meeting has turned into just a âinformationalâ meeting? I assume the original two day shareholder meeting, would have included the informational part as well. Just curiousâŚ
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We will be told the reason at the info meeting.