Medinah Minerals (MDMN)

[arkeo]

It's only unclear for people who don't understand what "fully-diluted" actually means or for people who intentionally want to make it unclear, or for people who think everything MDMN does is unclear.

Seriously folks. We know MDMN has written ambiguous and lousy press releases in the past. This isn't one of them.

Fully diluted has one meaning and only one. Issuance also has only one meaning. They can issue as many shares as they want until the fully diluted share count reaches the 1.5B cap. After that they can no longer issue shares of any kind or class for the 3 years of the agreement.

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. Companies often release specific financial figures in terms of fully diluted shares outstanding (such as the company's profits reported on a fully diluted per share basis) to allow investors the ability to properly assess the company's financial situation.

Get it through your heads...FULLY DILUTED means what the shares outstanding would be if ALL POSSIBLE sources of conversion were exercised!