I thought madman gave a pretty good description of what WOULD have happened, given it was a Medinah shareholders meeting, I think this is why Auryn took over, so that an informational meeting could take place, and card’s could be placed on the table, I have been informed that seating has boomed since report has been issued… don’t know if there is any left!!
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Also the congress which is being held September. Auryn Masglas Bhp sponsoring
I believe you may be referring to a poster that later corrected his statement when he explained he had misunderstood or misread the release published by Medinah when he read the June 16 date thinking that was when Medinah became aware of the problem rather than the Aug 23, 2016 date identified in the release.
OTC Disclosure & News Service
Las Vegas, NV -
On June 16, 2016, the past and present Board of Directors of MEDINAH Minerals, Inc. (OTCMARKETS: MDMN) announced the initiation of a comprehensive analysis of MEDINAH’s books and records. On August 23, 2016, MEDINAH determined that there have been ongoing share issuance discrepancies with what was reported on MEDINAH’s 15c211s regarding the actual outstanding shares. Today we contacted the SEC and FINRA and are filing formal complaints regarding these discrepancies.
The current 15c211 as filed on August 15, 2016, can no longer be relied upon. The Company will be filing corrected quarterly statements as soon as practicable. Although the investigation is not complete, it appears that the representative of Medinah Mining Chile was engaged in the sale and/or allocation of primary shares without the knowledge of past and present Directors and Officers of the Company. Additionally, it does not appear that these inappropriate transactions were for the financial benefit of MEDINAH. The Board is continuing its investigation and will not stop until satisfied that all important facts are known.
I can see very clear its some people on this board that don’t see very clear into the near future. You would be very surprised how many people invest by reading message boards if they didn’t we wouldn’t have iHUB/bashers and others. I guess your new to investing.
Still, the news felt like this!
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Let’s state the obvious, Medinah was to have a shareholders meeting, something they haven’t done since 2012, thinking they had news to tell not only the shareholders but announce to everyone that we have a very solid deal going on here.
After internal brief review by Auryn, discrepancies show up, now what Medinah BOD wants to put themselves in front of an audience, that is only looking for blood.
Realisation check… No one.
The only way to avoid calamity and get the true message out is to go through Auryn. As some have said it is nice to have new leadership…
I for one hope it is positive, seems to be.
I also hope that We are not so thankful and appreciative that we stand and applaud when we are told we are family and we will see this through.
We need to make sure that serious question’s are asked and what assurances we need to put in place.
Stand by and let things happen or be proactive… discuss!!
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You are right, I would be surprised. Your example of proof that people invest based off information from strangers on the Internet is the existence of another message board. Sound logic. Very silly of me to think otherwise.
FYI I have been investing for over 25 years and my portfolio has never been better except for one stock(I’ll let you guess which one it is since you are playing the smart one)
Congratulations?
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I am so depressed.
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Strangely enough, it appears to me that MG, Doc & Baldy pretty much have a very similar opinion of the fact that most of the recently discovered damage to our share price had been done through the years and thus the share price already reflects much of it because the market has already discounted it.
While the above opinion is somewhat reassuring, I have hard time to wrap my head around it.
How the market knew if it was never disclosed and communicated? And even now that it has been a week siince MDMN communicated that there are 3B outstanding shares, when I open up MDMN on my TD Ameritrade account, it shows that the O/S is only 744.6 Mil and it has shown this figure unchanged for quite some time despite several last “official” reports of 1.35B outstanding shares.
So how does the market know all the above? Where does it show beside the share price (supposedly)?
As Doc alluded to in a recent post, the market forces adjusted the price per share as shares were “sold into it.” There was, of course no public disclosure before the fact of the bloated O/S. Again, as Doc mentioned previously, “If the 1.5 billion shares were literally dumped overnight, then you would expect a 50% drop, as the “market” adjusted.”
We’ve gone from 1.6 cents to 1 cent since news. What percentage drop do you call that?
Less than 50%
Also would put most at panic selling and EOM. There are several taking advantage of this which probably isnt a bad thing.
I thought that we had started a decent upward trend, I am hoping that the market has already taken this into account. Best thing is no more surprises from here on… ONWARD and UPWARD, I heard the term go…
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hey doc so when I was telling everyone it’s not the shorts and someone was selling was I right? Face it guys we have been screwed here. How bad? sadly we all knew something was off. They always blamed outsiders like CLARO or something else. THESE MEN need to address this theft and address it quickly. Auryn in my book has been doing the right thing for a while and seems to me figured it out and acted on it. Thank you. BUT how the hell do I get my money back? THEY DONT GIVE A SHIT ABOUT THE STOCK they got the GOLD the property!! I want to know how ME THE SHAREHOLDER is going to get his money back! LIKE MOST HERE A very large part of my life savings is sitting here STOLEN form me. AM I going to LAWYERS and court hell no. that more time and money wasted to get shit back.
IF les and company say its BS then prove it! I personally dont think it is I knew something was off and didnt think it was JJ/CLARO selling. When shares are being dumped on the market and the prices doesnt matter its always free shares. someone trying to cash in that got them for free. I asked LES 100X if the company was selling I should have asked if someone was stealing the friggin SHARES~!!!
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The damage has been done over years, sounds to me like they have the biggest culprit by the hair… I had bought over the last month or so like many averaging down, thought about selling when I heard the news but decided to do the opposite… just shoot me now:angry:
It is know another waiting game for me, hopefully short term.
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The problem I have with your predictions are as follows :
First the meeting is Auryn’s and not Medinah’s. It is more or less to promote what they are doing and how well they are executing on their plan which is not impacted by anything Medinah has done with share count. So in that respect I see no reason for Auryn to postpone the meeting; More so the meeting actually becomes more important for Auryn to show follow through.
Prediction 2 the worse is yet to come: This one is a hard one since based on current information I feel the cat is out of the bag and the worse is if they can’t put it back into the bag. At this point it is too early to tell if what is done can not be undone to some degree. If it can’t that is probably where we are at the bottom, if it can then we and our stock price will probably begin a recovery. You have to realize Auryn has a big incentive to make things right, since if this can’t be undone they just lost a big piece of their investment as well as controlling interest in MDMN. I highly doubt these guys will let that go… JMO
On your forward thinking I think you are confusing MDMN with Auryn since the permits and mining operations are in Auryn’s name and have little to do with MDMN and this issue.
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