Replies to post #77958 on Medinah Minerals (MDMN)

[Beth0515]

I'm steadfast with the opinion that unaudited financials aren't worth the paper they're printed on (or electrons expended when transmitted) but I understand MDMN's lack of liquidity precludes any chance of a real audit, and given that we trade on the limited reporting spectrum of the pinkies, this at least removes the stop sign. But on the positive side, the notes to financials are the best drafted to date. None of the confusing/conflicting BS we used to argue over for weeks post-issue.

[Veblen]

I never found these notes Thanks

[Veblen]

"Note 6 – Directors Fees

The Board of Directors passed a resolution on March 1, 2017, to compensate Board Members and Corporate Officers with a total of 1,000,000 shares of AURYN stock. That compensation is for corporate governance through the anticipated existence of the Corporation. The entire amount has been expensed (at the reported value) in Q1-2017 even though a portion is for future services."

How can MDMN give away AURYN securities that are pledged as collateral for the AURYN loan and

How was it possible to expense the VALUE of these AURYN shares since there is no market for them?