Keep in mind that the shares currently being sold may not be shares owned by Les, but rather the “investors” that Les had fraudulently sold MDMN shares to over the years. At this point there really is no way to tell.
3 Likes
Expanding on your post, Les received cash for the shares he sold and essentially put it in his pocket. In 2012 an “investment” of $55,000 in AMNP in the name of MMC Mines (a BC company controlled by Les) was made. Another $55,000 “investment” in AMNP using GXK Ventures was also made in 2012. Surely other monies were passed through to other “investments” controlled by Les as well as the fraudulent shares passed to the “MMC Mines (MDMN) investors” to be sold into the market. How many John Does are there? Was the MDMN suit filed only after Vital Karra’s shares bought through MMC Mines (as though it was represented to be associated with MDMN) were successfully returned to the treasury? If so, surely his cancelled check made out to MMC Mines can be introduced into evidence and used to subpoena additional bank records in BC banks of others who were duped or conspired, IMO.
5 Likes
Correct me if I’m wrong, but in order for a stock price to go up significantly, you need lots and lots of NEW investors. Why would anybody, especially institutional investors buy a single share of MDMN when that scumbag Les is still involved and on the loose? Until he is gone, gone, gone and the share mess is repaired, the share price is going nowhere, imo. Hope I’m wrong.
Vark
2 Likes
Can shareholders who got screwed in the Amnp / Medinah Gold, smoke and mirrors scam, bring criminal charges against Les and those involved? Regardless of Gary and Vittal getting conned into not representing shareholders.
Remains to be seen what recourse shareholders may have. I would think it more likely that Gary could bring a civil suit of some kind if his hands are squeaky clean, but that is just my uniformed opinion. I have no idea. Perhaps one of the legal eagles here would like to comment.
Can you post the Level 2 Don or CHG ?
Thanks
Here is my New Year’s wish, besides health, happiness, joy, and prosperity to all, I wish that MDMN starts the new year with a clean slate. In other words all the bad news is out and we will only hear good news moving forward. and that we have seen the bottom to the MDMN stock price. The past is the past and the future should be now much more brighter.
Happy New Year to All, Except Les!
18 Likes
I agree Karl. Happy New Year to all. May it be a happy and prosperous one for all of us Medinah shareholders.
5 Likes
Looking for good news for Medinah in 2017!
7 Likes
And JJ… trust me.
Happy New Year to all my MDMN comrades.
17 Likes
No argument from me, just waiting for a suit to land in his lap, since he was an officer of the company and most likely complicit in the fraud!
4 Likes
View this email in your browser
Progress update for Amarant Mining AB (publ) for Sept – December 2016
Amarant Mining AB (publ) is pleased to announce that we are finally underway. It has been a long and difficult journey but things are looking far better today than they looked a year ago.
The rebirth of the company is well underway with operations in Suriname started during the beginning of Q4.
Since our last newsletter we have achieved the following milestones:
The financial reports for 2015 were audited and approved by the AGM.
The Board has been strengthened with two new professionals, Mr Jonas Lantz and Mr Ryan Abrahams.
Listing process is under way.
The last of the restructuring is proceeding and the new shares are now issued and registered with the Swedish Bolagsverket. You will receive notification of your shareholdings by the end of January.
The Gold Future has been renamed as the Amarant Royalty Note (“ARN”) to better reflect its actual nature as a participation in a royalty stream from the Benzdorp Concessions.
The Board has approved a new budget for 2017 to 2020.
Funding for the first production line and exploration unit has been secured through a loan from a London based investor.
A new share offering to strengthen the Company’s equity position is underway. This is initially directed to existing shareholders of the Company.
The Company successfully participated in two investment conferences, one in London and one in Munich in October and November.
There is still a lot to be done before we are fully operational.
Uppdateringsframsteg för Amarant Mining AB (publ) för Sept - December 2016
Amarant Mining AB (publ) har nöjet att meddela att vi äntligen har kommit igång. Det har varit en lång och tuff resa, men det ser mycket bättre ut i dag än det såg ut för ett år sedan.
Återfödelsen av företaget är i full gång med verksamhet i Surinam som startade i början av Q4.
Sedan vårt senaste nyhetsbrev har vi uppnått följande delmål:
De finansiella rapporterna för 2015 har granskats och godkänts av årsstämman.
Styrelsen har förstärkts med två nya personer, Jonas Lantz och Ryan Abrahams.
Noteringsprocessen pågår.
Omstruktureringen fortskrider och de nya aktierna är nu utfärdade och registrerade hos det svenska bolagsverket. Du kommer att få meddelande om dina innehav vid slutet av året.
Gold Future har döpts som Amarant Royalty Note ( “ARN”) för att bättre återspegla dess verkliga natur som en andel i en “royalty stream” från Benzdorp Concessions.
Styrelsen har godkänt en ny budget för 2017 till 2020.
Finansieringen för den första produktionslinjen och utforskningsenheten har säkrats genom ett lån från en Londonbaserad investerare.
En ny aktieemissionen för att stärka bolagets ställning av eget kapital pågår. Detta är initialt riktad till befintliga aktieägare i bolaget.
Bolaget har deltagit i två marknadsföringsevenemang, ett i London och ett i München, i oktober och november.
Det finns fortfarande en hel del att göra innan vi är i full drift.
Copyright © 2017 Amarant Mining, All rights reserved.
You are receiving this email because you subscribed to our mailing list at our website.
Our mailing address is:
Amarant Mining
STORA FISKAREGATAN
Karl…do you, or anyone else know if the “Bogdan” fiasco is in any way reflecting on Les or connected to his schemes.
Also wondering if the news from Amarant has any effect on MDMN or are we out of that completely???
TIA for any responses.
HAPPY NEW YEAR TO ALL STILL HERE!!!
3 Likes
On Bogdan I doubt Les is anyways connected but who knows for sure!
On Amarant, we do have shares, not sure if they are still valid, but I would not count on them having any value. JMO
Happy New Year to all. I am wondering if we will be starting a fresh discussion page for 2017?
2 Likes
As previously reported:
The first test production shipment of three trucks of vein material commenced on Monday, December 26, 2016.
I believe we all owe a sincere thanks and our gratitude to all the following and including Kevin Tupper, President & CEO Medinah Minerals, Inc.
“AURYN management would like to thank the miners who are sacrificing time away for the holiday to stay on the mountain and continue mining and exploration activities. In a show of solidarity, the entire AURYN Executive Team is joining the miners and will spend Christmas Eve on the ADL with them.”
Hopefully positive results of this test shipment will soon be reported. If that report could be moved to the front of the line it should make a great first post on the first quarterly discussion of 2017.
5 Likes
Happy New Year to all, hoping for only great news from now on, might even buy more MDMN, call me crazy,but at these prices i can double my shares for not even a tenth of what i paid for the other half.
7 Likes
Good idea, forgot to warch the calendar…
GO HERE:
http://theminingplay.com/t/medinah-minerals-mdmn-2017-q1general-discussion