I was able to get Raul to respond to a few questions. Very appreciative of his efforts. I am sure he is limited in what he can give as he indicated that we just need to wait until Auryn gives us an update. As I understand his role, his main focus is to stay with Medinah through the "share exchange".
From the OTC Disclosure and News Service: Press Release | 04/02/2019
"Raul del Solar and Italo Volante will remain as the Companys Officers and Directors, during the process of removing the restriction on the Companys AUMC shares and allocating those shares to the Companys shareholders."
Here are a few excerpts from the email exchange:
"from Medinah`s point of view I am waiting for an update from Auryn. Soon after that we will be making an announcement with respectto allocation and exchange of shares for AUMC, I cannot be more detailed at this time, thanks, Best"
"Good morning...the reason is Medinah`s main asset is AUMC, we need cash mainly to pay debts and cover some expenses in order to proceed with the allocation itself, please refer to 2018 full year report for a detailed on liabilities that need to be taken care, the better AUMC is as a company would make it easier for an allocation to happen soon, there is no changes to the announcement made by the company before on this aspect, just waiting
for the best time to do it so everybody is better off, thanks."
"Hi, a couple of clarifications with respect to your email. AUMC has no say in this matter, they have already allocated shares to Medinah.
How and when AUMC shares are allocated to Medinah shareholders only pertains to Medinah. At this stage it's not to the benefit of Medinah any debt swap, Medinah debt is no interest bearing at this point, we just need to sell AUMC shares to pay debts at best possible price and proceed with allocation. It is understood that the higher the price of AUMC shares the better off MDMN will be"
