Medinah Minerals (MDMN)

[superdow]

Mdmn shareholders may never see auryn financials but hopefully mdmn management is not kept out of the dark.

How things have changed for mdmn shareholders. We were once talking about 15 percent free carried interest in the "mountain" with relatively low outstanding shares. Now we own 25% of a company auryn that is willing to take an industry standard carried interest (3%). That 25% percent interest is subject to additional dilutation when auryn goes public or even issues more shares before going public to finance operations. Moreover, mdmn's outanding shares have at least tripled from those 15 percent free carried interest days and there may be additional dilution to cover legal fees or to convert preferred shares legally held.

It may simply be ridiculous to believe mdmn could ever reach the 2 - 3 cent level again.