“Lowlifes Only .com”
On a serious note, if Mauruzio is reading this, I would like to thank him for resurrecting mdmn.
I shook his hand in Vegas and was very impressed as I believe he’s a man of integrity.
As some have said, mdmn could have gone away but thanks to Mauruzio, Kevin, Gary and others, I think we’re going to do well.
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The tremendous grace shown to us by Auryn is remarkable and I’m grateful that we are still a part of the ADL’s potential. Should be a good, pleasing year of incremental progress for those that can remain patient a little longer.
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I’m sure these guys are very nice, but let’s remember this deal was “negotiated” and there were others interested in our properties. THEY are getting a little something nice in exchange here too. Also, keep in mind that stunts like those which are alleged against prior management are commonplace in the penny world - and these guys HAD to know something was amiss, so I’m guessing they expected it.
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IMO ---- I do not believe Auryn knew about the extent of Les’s corruption. Les has done this all his life. He conned shareholders for 2 decades that I know of directly. At one time we sent an accountant up to go over his books. Exercise in futility. I could go on but the long timers know the shit storm we’ve been through.
He managed to con the previous board and they were lulled (at best) into not fulfilling their fiduciary responsible. That absolutely does not let them off the hook!
If it wasn’t for Kevin and Masglas and the mutual trust and respect they have for each other, we would have ZERO as in ZERO! Kevin stepped into this when no one else would or could at his own risk and expense. ( full disclosure-- I trust Kevin and Kevin’s judgement and expertise so I am biased).
I suspect the investors on the Auryn side were very pissed finding out there were 3.5 +billion shares instead of 1.3 bil. Auryn could have taken over the property by calling the debt–money mdmn does not have. Instead we have a merging of Auryn shareholders and mdmn shareholders with a common interest. I agree that business is business. But this was worked out by two very ethical men on behalf of our shareholders and the business side of Auryn and their investors.
After all is said and done, it is my hope that Mr. Les Price spends the rest of his natural ( am I too generous with that?) in the worst jail cell, with a very claustrophobic roommate. And he lives a long, long time under those conditions.
Note correction on # of shares to 3.5 billion–need to wear reading glasses----didn’t need them when I first started -lol
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Well said Mr B. With very few exceptions, anyone who runs a large successful company IS NOT Santa Claus. Fingers crossed that these guys do the right thing on our behalf.
Vark
Well if we don’t win on our lawsuits, we could always report him to CRA for undisclosed revenues (Canadian Revenue agency) Can’t see him declaring his ill gotten gains 
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This might be the first of your posts that I’m in totally agreement. Calling Auryn our saviors (as we trade below a penny) is a bit ridiculous. Yes, we might be able to get out if this mess with 5 cents several years down the road (CDCH 10 cents) but we have a very long road ahead of us and gave up a significant amount of our ownership thus putting a cap on our upside. Yes, it beats a zero but .007 ain’t much difference in my mind.
As it relates to JJ. He needs to go down with the ship. There is a reason he agreed to sell all of his shares for 1.5 cents. He knew exactly what Les was doing. Throw Claro into the mix as well. There should be no surprise that men like these were involved with Bogdan and later Ulander. They are all crooks. MDMN needs to go after these men. I’ll take a pear farm. My twin girls love pears and I’ve always wanted a country estate in Santiago. It beats knowing that Senor Quijano ( *) isn’t living under a tarp.
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Could one reason for Auyan coming to the US capital markets may be to dissolve Medianah and only allow certain shareholders the right to Auryan shares? - They can hold shares in escrow that are being disputed until litigation is over/resolved. I am pretty sure.
Easier to be a gate keeper in that position, albeit they would need the specific SN of stocks that are being disputed. (Which I think they have)
Other notes:
Sociopaths are never wrong and never admit guilt.
We would all be gone if it was not for the Letts family period. My understanding The Letts fmaily are very well regarded in their country. Wrong family to mess with. Also, Not sure if you all understand how good the legal team is-top of the line! That can not be underestimated.
Also, Their friends have "skin in the game"
Fingers got caught in the cookie jar of the wrong family
I have been watching/waiting since 2011. I have many skins/chips in this game also
New CEO is a breath of fresh air
We will all be OK.
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Here is an interesting thought and one that should be a surprise to many and also a big regret for Masglas and Auryn. Why in the world didn’t they go to the Transfer Agent when they asked for the 1.5 B common share cap to get an accurate count of outstanding common shares, including convertible preferred shares at that time. I am a little surprised that they did not do this especially if they wanted to make certain from a financial perspective that MDMN could still operate and pay expenses within that cap! Also with them buying MDMN shares I would have thought they would have wanted to assure they were gaining controlling interest. Yes hindsight is great, but DD is better!
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Can you post a link to your statement please?
“There is a reason he agreed to sell all of his shares for 1.5 cents. He knew exactly what Les was doing.”
Also I do not agree with you that we have to wait several years to reach 5 cents. I believe we will reach that price range and more as soon as Auryn announces a JV with a major.
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Good point - but I think we all know the answer to that question. The folks at Auryn were and are smart, they are not idiots - they wanted MDMN’s properties (whatever it took - and which should tell you something in and of itself) and were probably scared to even make such confirmation with the transfer agent. Does the law REQUIRE them to have made such a confirmation? Maybe not, as they can always tell THEIR shareholders that MDMN made the representation as to outstanding shares in the contractual agreements.
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.05 in several years is highly pessimistic, .05 by year end is possible.
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No offense but, per usual, your and Hulkster’s input/enthusiasm doesn’t have much to do with the realities of our current predicament. A 5 cents valuation would be the equivalent of a $500M valuation for Auryn. If you spend a bit of time to understand what is needed to support a half billion market cap you might edit your response. A JV with a major will barely move the needle. There are examples of the same every day. Sure, this is a penny stock and anything is possible. But that’s not a substanititve argument for where we can/could trade.
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Once money starts coming in, everything is possible.
Nothing to be scared about, since all they needed to do is get permission from MDMN ( assuming the TA is under a gag order) to have the transfer agent confirm the actual numbers. I know they probably never imagined that Les was lying to them or that the MDMN BOD even knew the numbers given were not correct, but it would have been a rather simply procedure to get confirmation in writing and/or in a telephone call from the TA. I definitely would like to know the timeline line of these fraudulent transactions, especially as to when and where they occurred. In other words did they happen mostly after the 1.5 B cap or before, and did more happen after Les was out as a result of closing the MDMN-Chile sub or before and how many happen during Letts representation on the board? There seems to enough blame to go around and I know it does not make that much difference since we know at least one culprit and maybe additional one being JJ.
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You still didn’t answer my question where did Jk sell his shares @ 0.015? This is the first time I hear about it.
As for the .05 there’s the JV,gold,copper results, Aury listing.
Kevin indicated that if the market doesn’t give mdmn a fair valuation, there could be distributions
This probably wouldn’t happen until the number of outstanding shares is resolved and mdmn started to accumulate capital from gold production revenue
This could have an interesting effect on share price as well.
I’ve posted that price on this board over a dozen times and am very comfortable with the source. This was when the stock was a lot higher and we didn’t know about the 3B shares. At this point I’m even more confident that the information is correct. As to proof, there’s not a single cell in my body that cares if you believe me. Consider it speculation.
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Aren’t penny stocks,all about speculation,hmm, of course.