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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?


To: J. Nelson who wrote (3805)6/29/1998 12:18:00 AM
From: StaggerLee  Read Replies (6) | Respond to of 25548
 
I'm no geologist, but it seems pretty simple to me:

1. Hire a Big 6 CPA firm and have an audit performed. This should take six weeks, tops. Simple, if you're clean.

2. Once this is complete, obtain a NASDAQ listing. This should take about 3 weeks, tops, assuming the ball is rolling now, as they claim. Simple, if you're legit.

3. Dig up gold out of the freaking Chile ground and issue a press release to that effect. (It would be a first for this company, which otherwise reaks of deception and fraud). This should be done immediately. Simple if it exists as management has claimed all along.

Assuming the press releases have been legitimate, the completion of these tasks should result in a share price in excess of $10 (ie, $500 million) within two months. To the great satisfaction of shareholders, I might add. This seems extraordinarily simple. Any other course of action should require an explanation from management.

How hard is that? What the hell kind of business plan does this company have, since it apparently doesn't see things as clearly as this? WHAT'S THE DELAY HERE? OR IS IT JUST FRAUD?

Can anyone think of a better, more direct way to increase shareholder value (which, by the way, is management's job)? Every day that goes by makes it smell fishier. The market's not buying their story. That's why the market values this company at about 2% of what the press releases suggest the company's worth.