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Tuesday, April 21, 2015 2:58:43 PM
1) Why would JJ sell (now) for less than what Auryn is offering him? Auryn certainly isn't going to offer for less than the current market value if they want to entice him to sell to them. And Auryn's option price is a minimum of $100 million so JJ knows that the value of MDMN has a floor of .074 ($100 million / 1.35 billion OS) without including LDM/NUOCO.
2) JJ, as a 10%+ shareholder, is considered an affiliate of the company, and therefore is precluded by SEC Rule 144 from selling more than 13.5 million (1%) of the outstanding shares per quarter. He would have to file the requisite Form 144s as well.
3) Auryn is not going to spite themselves and the millions of dollars they've invested in the project thus far just because "they don't want JJ to profit from it or them". Both parties are in this thing to make money and any petty differences can be tabled and/or endured for that common goal.
4) If "Auryn really doesn't give a rats ass about MDMN SH's", then since their BOD and associates own 150 million shares of MDMN, then transitively your notion means that Auryn doesn't give a rat's ass about themselves. I think you have to rethink that one.
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