Medinah Minerals (MDMN) - 2016 Q4- General Discussion

Congratulations to Kevin! Kevin is truly a shareholder advocate, level-headed and smart. He has significant skin in the game being one of the larger investors in MDMN and will definitely have shareholders’ backs who share the same longer term goals of digging the company out of this current hole and moving forward with anticipated revenue from ADL. His relationship with Auryn and Maurizio is a boon to all shareholders.

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You’re right. “Fake” is not correct. So, what is the word/term for when a company sells shares of itself and receives NOTHING in return because some criminal put the proceeds in his own pocket?

Congratulations Kevin. I am comforted and elated that you are at the helm.

Congrats Kevin. Let’s get this turned around!!!

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Kevin, we’re all very proud of you and grateful that you have stepped up here…we know it’s on the behalf of all of us and we are greatly appreciative…

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So if I, Jim Gold, misrepresent myself as an officer of Microsoft and forge officers’ signatures on paperwork to their TA, and their TA issues me shares based on that, the Microsoft has to eat that? The shares are real even though they were not authorized by a real officer of Microsoft? In my little mind shares are valid only when they are properly authorized oterwise I could sit at home and print them myself. I think the complication that it may be hard to figure out which shares has nothing to do with that and that’s what the forensic audit is for. The shares issued to this criminal are unauthorized and invalid and I dont care who they were sold to even if it was me. They need to be vaporized and if individuals don’t like it they can try suing all involved.

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I will accept the rebuke in the spirit in which it was made. I would change my language and not use the word fake. I would use the word illegitimate (which I have used previously). I was in a bit of a hurry this morning. :wink:

Either way, MDMN has to take the position of the illegitimacy of the shares, requiring the persons/entities who received the shares to prove they secured them as a bona fide purchaser for value. Which, IMO, for the various reasons I have stated in earlier posts as well as other members reasons, the persons/entities will have a difficult time proving; however, the point of my post goes to finding these persons/entities from whom we claw back the shares. MDMN needs info and docs quickly so any illegitimate share do not continue to be sold into the market, thus making them legitimate shares. IMO, MDMN needs to go to every former officer and BOD member, except you know who, and say give us everything you have RE anybody who may have gotten shares and we won’t lump you in with them. IMO, it gives MDMN a chance to get the most shares clawed back in the shortest time, for the least cost.

Lastly, congratulations Kevin! I hope you will continue to provide a fair and balanced approach to MDMN business which you brought to your time here.

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Any “illegimate shares” issued and still in a broker’s/holders account can be frozen by MDMN requesting the clearing firm to freeze the shares. However, this is only temporary and they will eventually be released unless there is a court order. Not only did I go through this in another life, but MYEC went through it with Scottsdale Capital. Scottsdale needed a court order to continue the freeze, MYEC did not provide it, and the shares were unfrozen.

Kevin,
Excellent move to assist in protecting your fellow shareholders. We greatly appreciate your efforts in not the best of circumstances!

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Restricted shares and I believe cert shares are currently frozen pending the audit/investigations. Any cede street name shares would likely be untrackable and more difficult to claw back.
If you recall, the extra 1.5 billion shares were “authorized” but not “issued” by the vote in Feb. 2012. That would make the majority of the fraud fairly recent although it is believed to go back further overall.


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Congrats Kevin!!
Just awesome to have someone that everyone obviously looks up to.
Taff

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Congratulations Kevin on the appointment to the CEO position. It is a new day hopefully for Medinah as well as its shareholders. I always like the saying “if I could turn back time”, but today I hope time will be on our side moving Medinah towards a positive cash flow position fairly quickly. . Here is to good judgement, responsibility, and a brighter future for all legitimate Medinah shareholders!

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Things appear to just keep getting better in Medinahland. :slight_smile:

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absolutely at $0.0085, every day lower and lower but slowly :confused:

Of course I’m not happy with the share price. In terms of dollars I’m probably hurting more than just about anyone else who posts here. Fortunately, all the information that we’ve been hearing all year points at a brighter future, at least for those with the ability to be patient, not focus so strongly on the share price, and use the current information we have to paint a clear and bright… and profitable… picture of our future.

If MDMN holds true to the many long standing comments I’ve heard over the years about them paying dividends to shareholders, along with the exploration information we’ve been told thus far, I’m still very content to sit back and wait. The share price will turn around in time.

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I’m hoping we get something from Auryn re positive initial production results that will start giving us some credibility
Watching the price get chipped down on BS trades is getting old

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Guy’s there’s 3b shares outstanding Where is this stock going Does any one think there might be a roll back?

Actually, that 3b has already started to be reversed because of returned shares from Greg and Vittal. Granted, it is just a start…

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Yes, along with all the others who congratulated you Kevin, count me in. Just the right man for the job at just the right time when needed! You did a superb job at the Informational Meeting, and I have no doubt you’ll continue to perform for the benefit of all legitimate shareholders going forward. Thank You! Thank You! Thank You!

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USD Index breaking above $98 this morning.
EURo losing $1.10 support

Copper is potentially falling out of a long forming wedge (all of 2016). Copper is very correlated to the overall commodity indices and is an effective global economic measuring stick. If you look at the longer term price chart for copper, a fall out of this wedge could be ugly. Definitely worthy of watching. Many of the bigger copper miners till now have until recently avoided some of the major pain experienced by other major commodity mining companies (e.g. gold, iron, aluminum etc). Recently their financials overall have started to show the pain of $2.10 copper. Another leg down would definitely indicate it is their turn to bleed, cut back, write down, etc. until there is a reduction in production and a rise in price.

Hopefully there is a good 5 to 10 years of high grade gold to keep Auryn busy and let a PN JV play out till the next copper market recovery.

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