Medinah Minerals (MDMN)

[jetpilot1101]

It sounds like MDMN shareholders are being screwed by Auryn. Considering the initial deal was for Masglas to fund all operations, this is different and will most likely require MDMN shareholders, who own 27.5% of Auryn, to be diluted. MDMN has no cash and they have no more shares to issue so it looks like they may need to sell some of their stake in Auryn. Bad news for MDMN stockholders, good news for Auryn. Shareholders get diluted, Auryn begins the slow process of pushing MDMN to the curb with the eventual dumping of them into the ashbin of stinky pinky stock coming later.

What a scam.

I also heard this is being done to pay for Mr. Chacma's enormous medical bills.