Medinah Minerals (MDMN)

[priles]

WOW AM I READING CDCH REPORT PUBLISHED TODAY CORRECTLY???
(FOR REFERENCE THE ANNUAL REPORT is named as a 15 C 2 11 which is really a quarterly report for the period ended march 31, 2018)
In march 2018 500,000 preferred shares were issued to Auryn holding corporation(not auryn mining chile) which is a private company owned by maurizio cordoba and his family. The consideration on the financials values these at $250. these shares hold voting rights in cdch at 1000 to one, or effectively gives maurizio 500,000,000 voting rights so his private holdings and auryn now control cdch, not the potential shareholders like medinah or others. Not disclosed is the profits that might accrue to these shares.
The effect of all this is that medinah and its shareholders have given up all its ownership and rights to the entire alto mountain for absolutely no cash and little, if any, probability of future values as maurizio now totally controls the future of mdmn
Cdch has now revalued the alto property, without the support of any professional reports, at 56,000,000$ in order to show a profit for this quarter. if that is a true value, and mdmn would have 23 percent, that is
about 12,000,000$ and with 2,900,000,000 shares outstanding you can see why mdmn trades at .003 cents.
The report has no mention of the alto property but does say they are interested in the northern chile properties of masglas, another of maurizios companies
The only hope i can see for medinah is some interested groups would come forward and return the ownership of the alto properties back to medinah, where they should always have remained!!!!

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