Anyone notice “changes” made to the AURYN site?
Everything looks the same to me.
Karl,
The only “official information” from the company is the what is filed on the OTC!
MDMN is not AURYN.
I don’t see MDMN as a day trading stock, but then I don’t use L2.
As a speculative stock, many are fully invested at a risk level that does not allow further “investment” for now.
There are far too many investment grade stocks that have a ROI with far less risk.
Everyone has an investment style that individually suits their needs.
My earlier post was primarily addressing the fact that I believe there are few new investors presently attracted to this stock.
I agree with everything you said with the exception of why there is no volume. I never said that we are Auryn but in the end we are Auryn or 27.5 % of Auryn and nothing less! , All I said is that information seems to be slow and lacking, which I attribute to why no one is stepping up to buy the stock in addition to the big cloud over that stock. A simple update as to the current Les situation and/or any settlement proposals could begin to lift those clouds. Uncertainty always makes any stock less desirable including penny stocks, since the market simply hates uncertainty.
Anyone know if we could be in a quiet period with a company and that is why we haven’t received any news?
It’s pretty simple they need to start exposing the mountain to world if they want to start raising money come IPO
IMO, most, if not all, MDMN shareholders would not be able to bring criminal charges against Les. Les did not steal from any shareholder directly in the eyes of the law. MDMN is a corporation, a legal fiction which provides the created corporation with legal rights similar to those existing in a real person (ie: human). Because a corporation is a legal creation, shareholders were created to allow a percentage ownership in the corporation. Shareholders are not the corporation itself, but just have an ownership interest in the corporation. Les’ illegal conduct (whether criminal or civil) affected and harmed the corporation, the legal entity. The shareholders suffered a loss due to the loss in value of the corporation, but this loss cannot be recovered from Les. Only the legal entity, the corporation itself, suffered the harm.
It would be like your neighbor starting a meth lab on his property and having drug users constantly in your neighborhood buying meth from him. Your drug dealing neighbor did not direct his actions or harm directly to you; however, his actions have harmed your property values. Could you bring a criminal charge against him? No. The same with MDMN. Unless Les took some action to directly steal a specific shareholders shares, a shareholder will not have any ability to bring a criminal charge against Les directly. Only MDMN would have the ability to bring the criminal charge against Les, as MDMN suffered the harm.
As shareholders we could bring a derivative lawsuit against Les on behalf of MDMN if MDMN refused to sue Les (posted about in length a while back) or a breach of fiduciary duty claim against MDMN officers/BOD members who were running MDMN at the time of Les’ conduct (again posted about in length previously). Lastly, some statutory right to bring a criminal charge might exist, for example the whistle-blower statutes allow private party actions, but I have not heard of a statutory right which would allow a private right of action in a matter like MDMNs.
It sucks, but currently MDMN is on the right track, IMO, to resolve this matter in the best way possible for the shareholders.
What about suing for damages / loss of money, as a result of his misrepresentation, forgery, and stock manipulation?
You should review the posts from the shm last Oct. about the action being taken. The personal suit topic has played out for now and it is discouraged to be using this forum as a rallying vehicle.
For me the sooner MDMN shares get converted to Auryn shares, can’t happen fast enough at whatever price.I to was recommended this stock in 2012 ( a life time ago ) for a quick return. Those dreams are gone thanks to Les and the swindlers. I publicly want to apologize to those i’ve recommended this stock to right now. The sooner there converted the safer this investment becomes, at least it will be something. Sorry for the friday morning blues, it was my turn to vent.I have not posted in years and didn’t bring anything to the board then and still don’t.
Just to be sure i have no clue this will be the final out come, but are my hopes none the less.
I have been saying this for a long time.
We’re all in the same boat backwoods. “Les and the swindlers” sounds like a punk rock band. Lol.
Similar to criminal actions, those types of civil actions apply the same to MDMN and Les. Les’ actions to defraud, misrepresent, etc. all go to MDMN directly, not the shareholders, in general. Therefore, just like the shareholders do not have the right to bring criminal charges, we would not have the right to bring a civil claim. MDMN could, and is, bringing civil litigation against Les, but the shareholders can not. The only time a shareholder would have a claim against Les would be if the individual shareholder and Les had directly conducted business together in some manner. In legal terms we call it privity of contract. For example, if Les told a shareholder to give him $100k for shares, the shareholder paid Les $100k, and Les only delivered half the shares. This individual shareholder would have a claim against Les. Unfortunately, the general shareholders would not have this type of privity of contract with Les. We have to rely upon MDMN enforcing its rights and getting recompense from Les. Unless a party dealt directly with Les, you would not have the ability to make a claim against him through the mere fact of the ownership of your shares of MDMN.
The album name is “track suits and cigarettes”
Lol. First tune is “done done done blues”
Let’s hope the album art features Les in an orange jumpsuit
Why did the punk rocker cross the road? …Cuz he had a chicken stapled to his forehead. Lol
Wow, just learned what “SLEWING RING TURNTABLE BEARINGS” are. Amazing what you can learn by clicking these ads.
Keep clicking, it pays the bills!
My hopes are that by Kevin stepping down from Auryn PR position due to any possible conflicts with Auryn IPO, something is about to happen with the IPO
I can’t imagine Kevin won’t be in constant communication with Auryn. Hopefully he just can’t report on developments representing Auryn but can through mdmn.
We’re bleeding here Kevin