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


To: findstock who wrote (8134)12/28/1998 10:43:00 AM
From: Handshake™  Read Replies (1) | Respond to of 25548
 
Interesting read

Sunday December 27, 9:36 pm Eastern Time
Company Press Release
SOURCE: IKAR Mineral Corp.
IKAR Files Suit Alleging Fraud And Short Selling Scheme
VANCOUVER, British Columbia, Dec. 27 /PRNewswire/ -- (OTC Bulletin Board: IKAR - news) Management has announced today that it has filed civil suit against three British Columbia residents for perpetrating an orchestrated fraud scheme against IKAR Mineral Corp. involving the short selling of IKAR shares.

The alleged fraudulent scheme was exposed in Saturday's edition of the Vancouver Sun in an article authored by award winning reporter Mr. David Baines. Those named in the suit are Bumen Shefik, CEO of a purported Cyprus bank, Renfrew Securities Bank & Trust Ltd., Lee Gahr and Mojgan Shefik. In addition a demand has been made for the return of $230,000.00 USD, misappropriated from the company's bank account.

It is still not clear whether the short selling was orchestrated for short-term profit, or as part of a sinister scheme to take control of the company and its substantial mineral assets and exploration rights in Tajikistan. The Company has filed the appropriate liens to secure recovery of their loss and will seek further compensatory and punitive damages as well.

Copies of the extensive Baines article describing the lawsuit, and/or a free investor package can be obtained by calling the company at 800-322-4527. For more information about this and related developments, you can visit the company's web site at ikar.com

SOURCE: IKAR Mineral Corp.



To: findstock who wrote (8134)12/28/1998 10:54:00 AM
From: Handshake™  Read Replies (1) | Respond to of 25548
 
"now I know it doesn't say WHEN the drilling will start, but this again is a constant with this company saying that something is going to happen and as I recall a lot of people must have been contacted and there were many posts on here and much excitement....here it is the 28th and as of yet the people are not there and we don't know where they are.....couple this with the courts were suppose to make a desicion OVER A MONTH ago... and many people were again told this.....so once again in IMO MDIN is equally responsible for the share price being what it is......when is the drilling GOING to start and how much longer are we going to be "jacked around"?"

fs, So far believe it or not the company has basically delivered on much of what has been whispered. Maybe not to the shareholders delight in the form of a higher stock price, Of that which has not been announced or "delivered" there exist a very logical and reasonable explanation...again much to our disdain. BUT, the Chile decision will make an important milestone at the Andacollo, (remember Les and the boyz have no control over the release of this decision and can not manipulate Dayton's release of it as well....) ALSO, the drills will soon be turning, as the list of "delays" in the form of any BS statements or "jacked around" statements should be kept to a minimum. its basically sh*t or get off the pot time. So hang in their, lets see what they can deliver.

:-)