Medinah Minerals (MDMN)

[arkeo]

The language is as plain as day. Anyone interpreting any other way than it is plainly written is doing some serious word gymnastics.

With the formal signing of the Joint Venture Option Agreement, Medinah Minerals, Inc. (MDMN) has agreed to a restrictive issuance cap of 1.5 Billion, fully-diluted, common shares during the entire 36 month Option Agreement period with AURYN Mining Chile.

Definition of 'Fully Diluted Shares' The total number of shares that would be outstanding if all possible sources of conversion, such as convertible bonds and stock options, were exercised.

The total number of shares MDMN can have fully diluted for the entire 3 year agreement is 1.5B. They are already over 1.3B fully diluted.

Anyone reading it any other way is trying not to read what's there.

For the record I have contacted management and verified the interpretation.

There was some intentional aggressive selling today. Bear raid, shorts, call it what you will - some group was selling hard into buying and the big buyers simply stepped away and let them drive it down. The price will recover.