Medinah Minerals (MDMN)

[Beth0515]

I appreciate the shout out and I have been pointing out the inconsistencies in the MDMN story for many years, however you are confusing me with someone else as I didn't send you any PM, nor did I think the share count (other than the one at the meeting years ago that supposedly "proved" naked shorting) was a farce.

Well, maybe you have a twin? I could have been more clear in any case, your focus was on Auyn's supposed acquisition of 150MM shares.

Toxic Avenger Member Level
Sunday, July 05, 2015 8:23:09 AM

I still believe the smoking gun with be the 150 million shares Auryn held.
- They never explained where they came from or indeed if they were purchased.
- There was no explanation as to the intent of the ownership.
- There was no price or value provided.
- The amount was not stated as "approximately 150 million", which suggests it is a precise amount, not an approximation. This in turn suggests it was not accumulated over time, but in a single transaction.
- The lack of the words "purchased, bought" or the source of the shares suggests they were transferred without cost.
- The period preceding Auryn's ownership announcement saw the continuation of a long priced decline, which would not suggest buying pressure as 150 million share purchase would be expected to generate.

While some will argue that MDMN's lack of comment in the filings about these shares suggests they were simply open market purchases, I would point out that Auryn is the one who disclosed the position and they are under no obligation to disclose details. MDMN's record with disclosing negative material information, has been so dismal as to account for the lack of comment on their part, IMHO.

Since that announcement 5 months ago, there has been no further mention of the shares held. Even at only the recent $.03 PPS, those shares would have generated roughly $4.5 million if sold on the open market.

"The Board of Directors of AURYN Holdings Corporation and associates currently holds 150 million common shares of Medinah Minerals Inc."