Medinah Minerals (MDMN)

[Hurricane_Rick]

Auryn doesn't have public shares yet. Medinah owns about 27.5% of Auryn. Auryn has 100 million outstanding shares if I recall correctly, so MDMN would be entitled to 27.5 million Auryn shares to divide among its shareholders. Those would be divided up among the 3 billion MDMN shares. If my math is correct, then each share of Auryn equates to approximately 109 shares of MDMN (3 billion divided by 27.5 million).

So if you own 1 million shares of MDMN, that would convert into approximately 9,175 shares of Auryn shares. What that equates to in price per share is unknown at this point because Auryn does not trade publicly yet.

Let's say that Auryn goes public with 100 million OS and is valued at $100 million or $1/share. Your 9,175 shares in Auryn have a value of $9,175. To measure the impact of the fraud perpetuated by Les Price, if there were only 1.5 billion MDMN shares outstanding, your shares otherwise would've been valued at $18,350.


Somebody please double check my math.