Medinah Minerals (MDMN)

[Veblen]

"In support of MEDINAH’s desire to limit any further dilution and improve its capital structure, Mr. Tupper has agreed to serve as a volunteer while MEDINAH reduces its expenses and seeks to achieve a positive cash flow."

From the MDMN website news of the new CEO.

I can see expense cutting but where is the cash needed for remaining expenses after the cost cutting. Notice the phrase limit any further dilution that implies some further but limited share dilution. Who decides on the "limit"? Just what the shareholders need more outstanding shares.

I don't believe AURYN will provide any cash so look for more dilution.