Cerro/Medinah/Auryn- 2018 Q1 General Discussion 🌄

[DonD]

@easymillion

I don’t see an advantage to this scenario as it delays the time that significant news may be released while shares are held in corporate hands.

Nothing should delay significant news from being released. Isn’t significant news required to be released when the company is public?

@easymillion

Announcing an ex-dividend date a year in advance is not realistic.

What is un-realistic about announcing the date well in advance of the ex-dividend date?

@easymillion

What I would prefer to see is AURYN assistant a transfer of CDCH restricted shares into individual MDMN shareholder’s accounts as quickly as possible.

Take a few moments to recall how much trouble the majority of shareholders had with many brokerages in getting the restriction remove from the Medinah dividend shares? Every brokerage that requires a fee to have the restriction removed could charge that fee to every shareholder for each account he or she owns that receives restricted shares of CDCH. Ameriatrade now charged a $250 fee to process the restriction removal for each account. I believe Etrade has increased their fee to $500 per restriction per account and each shareholder is still subject to the $75 TA fee. If Medinah Corporate holds the certs,until the restriction can be remove, they can do the heavy lifting of the restriction and issue free trading CDCH shares directly into everyone’s brokerage accounts.[quote=“easymillion, post:122, topic:2170”]
All 7B CDCH shares should become free trading (no restriction) around Dec, 15, 2018, or shortly after.
[/quote]

If that’s the date then great but they will not become magically free trading until the restriction is removed by the TA and via the paperwork processed by the brokerages. (Think about the last MDMN restricted dividend and how much trouble shareholders had fighting that process.)

@easymillion

Any transfer to individual accounts needs to occur prior to that date. Ideally, significant news from the AURYN mining side should await until after transfer has occurred to individual accounts and shares have the restriction lifted, IMO.

Again, CDCH is a public company and, I believe, CDCH/AURYN is required to disclose significant news. Additionally, It would be to the detriment of those current shareholders of CDCH shares that are currently free trading. I don’t believe it’s fair to current CDCH shareholders to say, “we are not going to release great news about a significant gold/copper discovery until the MDMN shareholders with restricted CDCH shares in their account become free trading.” Do you?

@easymillion

How much news will shareholders receive prior to the transfer to individual accounts? If significant news is released prior to the transfer to individual accounts, only those currently holding CDCH shares (fewer than 350M free-trading in OS) will be trading on any good news released.

Think about this. You are correct only if the restricted CDCH shares have been transferred into individual accounts. (This is a major point.) If Medinah shareowners have the restricted CDCH shares in their account then Medinah shares have no known future value and the CDCH shares can not be traded until the restriction is removed. On the other hand, if you hold Medinah shares in your account and a future ex-dividend date has been announced to receive unrestricted and free trading shares of CDCH then MDMN has the opportunity to continue to trade based on real time value and news releases from CDCH because MDMN has the know future date to receive those CDCH shares into the MDMN accounts.

@easymillion

The major news flow will come after the RS consolidating the capital structure correction and the move to a higher tier or exchange that is accompanied by a name change.

Again, I believe a public company is required to release major news as it occurs, or at least in its Q or year end report.

@easymillion

A final thought … does MDMN corporate already have a claim to it’s portion of CDCH restricted shares?If so, when will distribution to individual accounts occur?

Hopefully they have them now and will release them to the individual accounts just as soon as the restriction is removed. And while we are waiting on having the restriction removed and for them to be placed into individual accounts, based on ownership at the ex-dividend date, the Medinah shares will trade on the bases of the future dividend of free trading CDCH shares.

My concern is if it does not go similar to what I’m hoping will happen then if restricted CDCH shares are placed into my account MDMN will have no anticipated future value, and will be worthless, while at the same time I will be left with untradeable restricted CDCH shares until I fight the same fight I fought before to get the restriction removed from my Medinah dividend shares after paying hundreds of dollars in fees to do so.

[easymillion]

@DonD

My concern is if it does not go similar to what I’m hoping will happen then if restricted CDCH shares are placed into my account MDMN will have no anticipated future value, and will be worthless, while at the same time I will be left with untradeable restricted CDCH shares until I fight the same fight I fought before to get the restriction removed from my Medinah dividend shares after paying hundreds of dollars in fees to do so.

That is my concern also. I have raised quite a few questions since the announcement a month ago. A simple share swap for assets pro rata is the most likely solution with the fewest obstacles to be overcome (no dividend, no MDMN). A NOBO list must be ordered to determine individual accounts. I have asked repeatedly when does this intend to be done? There should be some procedural steps taken with a date of record announced prior to any swap. I would envision a share for share transfer (not a dividend) pro rata. Remember, shares were exchanged (sold) from a private company to a publicly traded company.

To provide liquidity to these companies and give their shareholders direct ownership in the underlying asset, AURYN has sold its mining claims to Cerro for 6,650,000,000 common shares of Cerro and cancellation of Cerro’s AURYN shares.

It would occur basically as a consolidation. MDMN’s only asset at this time are the shares in CDCH and CDCH’s ownership of all mining claims formerly held by AURYN. Will CDCH quarterly reports have audited financials, or will audited financials occur only after consolidation and name change? Lots of questions to be answered. Thanks for sharing your ideas, Don. It remains to be seen how this all works out.

[MikeGold]

Only thing to add to the conversation is that Cerro will likely be above a dollar this year due to a reverse and some positive developments. Hence it might not be impossible to do something with any Certs that one has to deal with and trying to do something with them at a brokerage.

[papplesnap1]

Don D. I still have restricted mdmn shares in one account and they will not even entertain the idea of removing the restriction untill the e value is over $1 a share. Until and if it ever happens they are eating these shares up with monthly service charges. They are all a bunch of crooks IMHO.

[Karl]

What is your brokerage firm? The reason I ask is if they have lifted the restriction for some then they have to for all! All it takes is a call to their compliance officer and a call to the SEC.

[peter]

I tried that with Stifel and again got no where. I send documents etc and they still refused to lift the restriction. I am sending the restricted MDMN to the T.A. or at least trying to get that done. Then wait this out and hope for the best.
what an absolutely intricate web Les created over the decades to obfuscate and confuse.
I can not begin to comprehend how Keven managed over his year and a half CEO, to get through enough of this &^&%&* mess to get us a fresh start!!!

[papplesnap1]

My brokerage has changed 2 or 3 times since I retired. It now is Alight Financial Solutions. It was from a 401K self trading account I had at work.

[papplesnap1]

Peter, Please let me know how it works out so I can atempt the same thing.

[whatever]

Google Earth has 12-21-2017 images up but i see no real changes, Hope I missed something

[peter]

ok, it may take awhile . pm me from time to time so I don’t space you out.
Thanks again to les, this mess goes on and on.

[DoneDeal]

4 million up for sale @ .0035 who wants them

[King_Of_Pain]

You’d have to be crazy to own this stock. Oh wait.

[mangelsen]

Ok…Here is a crazy thought. Has anyone considered selling their mdmn shares. But only to buy back the post conversion shares. That way your shares will not be locked up for and year. Plus it just seems there could possibly be complications with the conversion. I admit it might be risky as we do not know whether the conversion price will be higher or lower than the present price. Just an idea…

[MikeGold]

Just a guess, Auryn may not really want to release any news under the name “Cerro”. Perhaps the next news we see is an announcement of a name change back to Auryn or perhaps to Chile Block-chain Unlimited??!! Not sure of what the mechanics involved are (probably easy) but they might be waiting for some procedural step to occur before they can do it.

[TDK]

That is coming to an end now. Govt a little slow.

Zerohedge

[Dentman]

Tired of seeing this price manipulated. Nice $5 trade to start the day.
I realize there is no assigned value but still doesn’t mean someone or ones isn’t controlling the price.
This could go on for a while, When do we get cdch shares?
Will it be an issue with lack of trading of cdch in coming days?

[madmen]

A Curiosity

An hour and fifteen minutes after close of market today, I logged onto my etrade account for a peek at the two and only stocks in my portfolio, MDMN and CDCH. Usually when I do this at this time of day, I see after-hours trading information for each of them. I checked a handful of other stocks and all of them showed normal after-hours activity, but MDMN and CDCH showed no bid, no ask, nothing at all, just this: “- - -”

I have decided that there can be only two explanations for what this might mean:

1. Nothing.

2. All the Behind Scenes Maneuvering (BSM) that has been going on under the Cone Of Silence (COS) has been completed, and in order to prepare the way for our Big Eagerly Awaited News (BEAW), Auryn or Maglas or god-her-own-self had to shut down after market trading in both stocks prior to activating the New MDMN and CDCH World Order (NMDMNCDCDWO) and sometime beginning the instant that I post this but no later than Wednesday’s opening bell everything will be made clear to all of us and I and possibly you too will wake up as millionaires.

Which is it?

— madmen

[jazzy340]

Or another $5 opening trade will bring us down another 18%… lol

[Eshopllc]

Nothing. E-Trade shows the same info almost everyday.

[DoneDeal]

Next deadline for news will be March 31. Anyone else agree?