Medinah Minerals (MDMN)

[Hurricane_Rick]

As simple as it is, that's a great question.

I think much of what is going on behind the scenes with this is in Auryn's hands at this point and we'll need to hear more from them as to what is or can be done. It will be interesting to see how FINRA will handle this. Usually, they're stopping illegal abuses as they occur, but the damage has already been done here. To MDMN's current management's credit, they immediately reported the abuse to FINRA and announced it immediately during trading hours as well. So I don't think a trade halt is warranted, but that's just my guess with my fingers crossed as well.

Short term trading will be to the downside as fed up shareholders understandably bail. Given MDMN was trading at .015 recently, the comparative market value with the unexpected dilution is more than 50%, so I could see it trading down to .007 in the short term...ugh.

Assuming shares are not going to be clawed back, a reverse split of some sort seems inevitable. Fortunately, MDMN does not require much capital to continue as a going concern. They are merely a 25% owner of shares in Auryn and other ADL-related entities (NUOCO, CDCH), so they don't have tremendous bills to pay to keep operating...though I'm guessing their legal and accounting bills will be going up for the next few quarters.

Whatever shareholders' expectations were for the end game of this investment, we can cut that in half thanks to Les Price.