Replies to post #77550 on Medinah Minerals (MDMN)

[Minichiello]

Rick, you missed the shares that AURYN issued for the cash call.

[Hurricane_Rick]

Some other things to consider that I didn't take into account in my very rough conversion, MDMN has debt to take care of, operational costs and legal bills. The company is still clawing back shares and who knows what will come of the current lawsuits. As such, the share counts I estimated with will certainly be adjusted later on, so it is difficult and premature to make a determination in that regard. I'm just giving a back of the matchbook picture of the conversion formula.

[insidetruth]

auryn has 32,000,000 shares issued and will have more if they do an ipo to get trading the issue price is 6 cents per share
auryn has total control of the shares until such time as mdmn pays all its debts to auryn, which we are told is several million dollars
tupper promised a update for the quarter ending march 31 2017, to remove the stop sign but also should give all the information as to shares outstanding, etc.