Medinah Minerals (MDMN)

[easymillion]

JUNE trading Stats - FWIW

With MDMN there were a total of 74,641,367 shares traded in June, which represents 10.5% of the approximately 710M shares issued, or about 0.5% daily turnover. Liquidity better than with CDCH, not just as percentage, but also sheer volume. Surprisingly, the daily FTDs averaged about the same percentage as CDCH at 47.9% with a total of 35,763,968 FTDs for the month. Don't know exactly what that means, but it seems like there was little effort to locate or secure shares to enact daily trades ... more than simple "making a market" by MMs, IMO. These could represent mostly wash trades between MMs, IMO, to keep from hitting the 13 day rule. I could be wrong, but there are not a lot of companies with that high a percentage of FTDs over an extended period of time, as far as I know. Perhaps things will change after JV announcement and LOI gets signed and released.
easymillion