@stratman The black reply button on a person’s post references that post. The big blue reply button after the last post is a general post to the topic.
PS… Be careful of the delete button😠
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No worries. It could have happened to anybody. How many times have all of us accidentally deleted a string of e-mails from our own servers…besides…I’m not sure all that much was lost…
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Last few comments from me for awhile.
It’s worth pointing out the irony: Les and JJ could have made a lot more money on this investment if they simply stayed legitimate and found a legitimate partner. I’m fairly convinced that Partner A through Ulander were basically placeholders to run the stock up for insider sales. Once the stock needed a legitimate partner to stay afloat JJ/Les ran the risk of being exposed (as they just were) but it was a necessary step to further unload shares. If Les/JJ went with a legit partner from the beginning their gains would have eclipsed the back room sales.
There is no doubt that Les/JJ and the rest of the complicit insiders felt “they could get away with it” because a) the loose laws of the OTC and b) a wildly supportive and forgiving shareholder base who focused on NSS and Lespeak to explain aberrations in the market.
We won’t see sophisticated/institutional/large investors in this stock until there is visibility of the outstanding shares. Assuming 3B is the number this can be our floor but we still need the final number. IMO, all of the insiders (including Vittal and Gary) need to be gone and appropriately penalized before real buying comes into this stock.
On the more positive side a successful clawback (500M+ shares) with the the cancellation of the preferreds and potentially the 5% of AMC that Nuoco currently owns could bring the dilution way down. If Les cooperates, I’m guessing he still has a lot of assets to seize (offshore?). It’s not easy to spend that much money. Maybe it’s not too late to get the money JJ received for his recent sale. Who knows.
If these guys are “relentless” in their pursuit of a clawback it will take many months but we should received intermittent updates. If not, there will be the usual shareholder class actions that follow this type of event where sharehsers will go after the assets of everyone involved.
Mostly speculation from here but I’d love to hear confirmation, from AMC, that Les is actually meeting with them. Which would be a positive sign. Without confirmation it’s just more Lespeak.
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Hey,
Speaking of Ulander!
Have our Amarant shares undergone a conversion?
Are we shareholders still “invested” with Amarant?
Shouldn’t all MDMN shareholders receive notice of this undoubtedly impactful upcoming event in order to attend the AGM?: 
Progress update for Amarant Mining AB (publ) for June – July 2016
June and July have been a very hectic period for Amarant Mining AB (publ) and we are currently making headway on various fronts.
…Events planned for September:
AGM on the 30th September, the official invite will be sent out 4 weeks prior to the meeting.
Begin delivery of the shares issued in accordance with the conversion agreement.
Do the first drawdown and make the initial payments for Delling and Vidarr.
Investor meetings in Perth and Sydney.Events planned for October:
Investor presentation and webinar with a discussion of the company’s new start and business plan.
newsletter@amarantmining.com
I agree with much of what you said John. Further, once the corporate goverance issues are stablized, I would suggest a name and ticker change, and when capital is available an audit of the financial statements. Not now, but as I said, when things stablize and there is capital.
Here is another thought. Over the years Les always talk about different groups buying shares of MDMN. The latest was that the London Group was buying. Maybe the London group was buying, but not on the open market.
Easy I posted the link 3 hrs. ago. This has been a crazy week for MDMN. I’m guessing when all is said and done we will be getting a 25%-30 % haircut from Les and JJ stealing those shares.
Some Nice BIDS coming in
On a bright note - there must have been a disconnect in the market after all if we doubled our O/S overnight and we are only down 20%. This should make an interesting case study. Maybe we will be a footnote in some future finance book.
Karl, you still speak as though Les was a truth teller. Why do you still believe there was big groups buying shares. He is/was a habitual liar. I think it was just another invented lie.
I do not and I never did, but you totally miss the point!
O/S didn’t change overnight, just the knowledge of the existance did.
The “market” knew the right number of shares, and would have adjusted as the shares were sold into it. If the 1.5 billion shares were literally dumped overnight, then you would expect a 50% drop, as the “market” adjusted. The 20% drop we have would be accounted for by people getting out do to the news of the malfeasance. I agree, that drop could have been much bigger, so I too am glad it has held this well. imho
I don’t believe that for a second. If anything, this flushes the turds down the toilet and we move forward with a real company and a real mountain…
Missed it -Thanks.
Although speculation, I agree with most of Baldy’s most recent comments, but there is a great deal of detailed information that isn’t answerable right now. Did everyone take a close look at what the company has released and what’s been getting discussed here the past couple of days?
From the 6/30/2012 non-cash transactions
The company issued 7,350 of its preferred shares in repayment of shareholder loans - $1,551,186
Preferred stockholders exchanged 1,550,000 preferred shares for common shares - $30,000
Makes no sense whatsoever to me. What is the conversion for preferred shares?
Really screwed up accounting/bookkeeping.
It looks to me like the big elephant in the room has actually been revealed by the Okanadian Management’s claim that was filed in a Nevada court.
From the Quarterly report:
125,000 Class C preferred were issued @0.007:
25,200 to Donald Johnson
100,000 to Okanadian Management Corporation
What is Okanadian claiming they bought for $100K? The 100K shares as recorded in the Quarterly Report may be correct. What is the conversion ratio? The 0.007 has to be after conversion. It is very likely a scriviner’s error, whatever it is. It looks like 14,285,715 common shares (after conversion) is what was actually bought, but not properly recorded. I don’t see anything that states anything about a convertible ratio for these shares.
What is really important is the difference that appears from the “discrepancy” report of 4,122,200 Preferred Class C Shares outstanding and the Quarterly report only 3,209,000 Preferred Class C Shares outstanding, there are 788,200 of these Preferred Shares not accounted for! Where did they go? When were they converted and when did they land in CEDE and CO? Did they even land in CEDE & CO? If not, Are they still available to be recovered in cert form from individuals? These are the questions that will need to be answered and revealed. Until then … moving on with production is of primary importance for all MDMN shareholders and AURYN’s success.
Call me crazy…we were f***ed until this news got out. NOW…we have a path forward without the crooks, film-flam artists and bottom feeders. Boy, there was a whole s***load of them…
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Does any one know the set up that let a rep of Medinah Chile have authorization to get shares of Medinah N.A. issued (assuming the TA is not an accomplice)? Other than the link of JJ being in both and someone from Medinah Chile telling JJ to sign off multiple authorizations how else could a rep from a sub company get shares issued for a parent company?
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I’m just the messenger with no opinion
ADLM appears to be currently available. (Altos de Lipangue Minerals)
Forgery…answered my own question.