CDCH - Discussion

[cornhuskergold]

double points for you then - three pointer maybe since you Michigan folks like your roundball

[Baldy]

@MikeGold

Perhaps you didn’t see this statement in Medinah’s latest filing?

“During the year 2015, the Company accepted 750 million shares of newly issued CerroDorado, Inc. in exchange for payment of a $151,325 receivable. At the time they were received,the shares had a value of $593,100, leaving an extraordinary gain to the Company of $441,775.These shares are on deposit in the Company’s brokerage account.”

Mike. Over twenty or so years stuck in this investment and you still seem to be unable to learn any lessons. Not only do you continue to rely on Les for the latest next week nonsense but you also seem to rely on these financials like they are actually credible. First of all, 750M shares would be valued at $5.93M million not $593k so, we should assume they meant 75M shares. These debts were already resolved many months ago. As I’ve stated in the past a little common sense goes a long way. Use it…

[MikeGold]

Ha…too slow! See above. Perhaps you didn’t notice the smiley face?

[Baldy]

@MikeGold

Ha…too slow!

Story of my life. Now back to my summer vacation

[DoneDeal]

Haven’t these guys received enough form us shareholders!?

On a side note Gold moving up

[Baldy]

@Wizard

However on the MDMN balance sheet it says 7.5 million. Par for the course.

And the conversion for these shares would be at over 2 cents so there would actually be an extraordinary loss for $75k. THE MORONS RUNNING MDMN SHOULD BE LOCKED IN A CLOSET UNTIL WE ARE ABLE TO EXIT FROM THIS INVESTMENT.

[DoneDeal]

CDCH ASK now @ .0169

[Baldy]

@Baldy

Patrick,

We/I appreciate the update. I can only reiterate that they best way for everyone involved to actually make some money here is by taking the proceeds of the Fortuna sale and a) distributing those shares to shareholders while winding down CDCH or b) maintaining the company at a near zero expense rate to avoid dilution while waiting for the value of AMC to materialize. I happen to believe that the ultimate path forward for Auryn will be to tender for MDMN and all other AMC holders within the next six month. This would unlock some real value.

One question for you. Can you please provide an explanation for the current ownership split between CDCH and CDCH Chile? It looks like JJ’s ownership was reduced based on the shares returned but I can’t find any details on the capital structure that can quantify what 2490 shares translates to.

Many thanks, John

Response

“The capitalization of Cerro Chile is 5,000 shares total. As a result of the ownership transfer, Juan is no longer associated and CDCH owns 99.8%. The remaining ten shares are held in CDCH’s trustee’s name as it is required by Chilean law that at least one individual or entity who is legalized under Chilean law be a shareholder”

Exactly as we hoped (and previously speculated). AMC is taking out the trash (JJ) to the common shareholder’s benefit as they move to control the mountain.

[DoneDeal]

Glad I’m a Cerro Holder. She’s moving up nicely

[NoDoubt]

Thank you very much Baldy John M.!

[TradeRich]

@leanandgreen

Congrats, it must feel like a million pounds of weight off your shoulders.

Thank you. It does, although only one shoulder.

[TradeRich]

Deepest appreciation as always to you for staying on top of things John!

[bytal]

If MDMN accepted some newly issued shares of CDCH sometime last year does anyone know if the number of shares outstanding is still 274,265,640 or has it changed since Sept.?

[Wizard]

CDCH Shareholder Census for The Mining Play

CDCH Shareholder Census

After speaking with other shareholders I am willing to setup and manage a census of CDCH shareholders that frequent The Mining Play. This is a private census and is completely voluntary. The problem we have had with other census attempts is that people sabotaged the results by entering bogus information. Also individuals entered information but were double counted because they were included in other people’s “groups”. We are going to avoid that in this attempt. There is a link to the census be…

[cornhuskergold]

@bytal

If MDMN accepted some newly issued shares of CDCH sometime last year does anyone know if the number of shares outstanding is still 274,265,640 or has it changed since Sept.?

From CDCH filings:

As of December 31, 2014, there were 263,279,928 shares of Common Stock
As of March 31, 2015, there were 274,265,640 shares of Common Stock

In the Apr 27th filing for Q1 2015, ended Mar 31, 2015, it says:

2015
250,000 shares were issued for cash, pursuant to a subscription agreement, at $.02 per share 1,250,000 shares were issued for cash, pursuant to a subscription agreement, at $.02 per share 793,650 shares were issued for services rendered at $.0252 per share
992,063 shares were issued for services rendered at $.0252 per share
7,500,000 shares were issued to settle $593,100 of debt, at a valuation of $.07908 per share 200,000 shares were issued to settle $20,000 of debt, at a valuation of $.10 per share

So the settlement of debt referred to mistakenly in the MDMN financials as involving 750M shares, involved 7.5M shares, and occurred in Q1 2015

UPDATE:

The most recent MDMN filings state:

During the year 2015, the Company accepted 750 million shares of newly issued Cerro Dorado, Inc. in exchange for payment of a $151,325 receivable. At the time they were received, the shares had a value of $593,100, leaving an extraordinary gain to the Company of $441,775. These shares are on deposit in the Company’s brokerage account.

MDMN’s filing is inconsistent with itself as previously pointed out by Wiz, MG, etc. in regard to 75M vs. 7.5M. I have no idea how to reconcile CDCH’s statement that there was $593,100 in debt and MDMNs statement of a “$151,325 ‘receivable’” and the rest about “extraordinary gain”. Maybe it was beer thirty when they put together MDMN’s filing.

Finish your work Auryn, please.

[bytal]

Thanks for clearing that up for me CHG

[NoDoubt]

Anyone else wondering when CDCH share price will exceed MDMN share price? Even more interesting question wh will CDCH share volume traded exceed that of MDMN share volume in a given month?

[long_and_strong]

My last post/comment on this topic. If 15% of AMC = $100,000M+ (hypotheticals I know), then wouldn’t/shouldn’t AMC’s eventual value (according to CDCH’s deal) be $667M? Interestingly, CDCH’s current market value of $50M/$667M = .074 - ring a bell?

[moviespdx]

Please forgive me as I am a neophyte in regards to this stuff. How does owning 5% of a private company help us shareholders?