Medinah Minerals (MDMN)

[Surwin]

Only 5% of AUMC shares are currently trade-able or those shares that CDCH exchanged for AUMC shares. Also this 5% appear to be tightly held. The other 95% are currently restrict shares and owned by Auryn private company. Once the restriction is lift and the unrestricted shares are exchange for MDMN shares there will be about 30% trade-able in theory, 5% from former CDCH shareholders and about 25% from MDMN shareholders. I say in theory since Auryn also directly owns shares of MDMN that they purchased in open market and from JJ ( approximately 17% or 500M shares of MDMN owned by Auryn private).

I imagine that all the shares Auryn private holds of AUMC will be tightly held, especially those shares that resulted from the purchase of MDMN shares, since their cost in effect were significantly higher than the current price. So in the end there should be about about 20-25% of AUMC that will be trade-able or 1.4-1.75B shares, when today only about 350M are so called trade-able and they appear tightly held by former CDCH shareholders, thus the daily transaction volume is extremely low. fwiw.

I expect that with such low trading volume there is no reason to make an effort to move the stock price up with good news. That will all change once MDMN goes away and all that is left is AUMC. The best strategy assuming they have a strategy would be to wait until that time to release positive news that could move the stock price and result in nice trading volume. JMO