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Monday, July 27, 2015 11:39:24 AM
Auryn "held" 150 million shares.
No news from Auryn or MDMN for long period.
Logical assumption, Auryn is selling off some, or all of their 150 million shares.
You raise another interesting point, since Auryn has an option to purchase 85% of MDMN for between $.074 and $.033 per share (unless the A/S is raised or there's a reverse split), would they really want to buy 11% on the open market?
And if they had at substantially higher prices than the current, would they not be doing so now, as MDMN hits new lows?
I believe once they sell off the 150 million shares, there will be news. And it won't be good.
Competing is intense among humans, and within a group, selfish individuals always win. But in contests between groups, groups of altruists always beat groups of selfish individuals.
E. O. Wilson
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