It does not matter if only 5% of cdch is tradeable, it is a public company and as such it has a responsiblity to its public shareholders to keep them informed. Yes all shareholders should be treated equally which means Auryn should not have more information that the 5 % which is currently tradable, BTW another 25% is tradeable via MDMN. So in essence 5 % is directly tradeable with another 25% indirectly tradeable. We are a shareholder that is being treated unfairly with lack of information.
Eligibility Requirements OTCQB
U.S. companies must have audited annual financials by a PCAOB auditor. (Tier 2 Regulation A Companies are exempt from requirement to use a PCAOB auditor for their initial audit)
Meet minimum bid price test of $0.01
Not be in bankruptcy
Have at least 50 Beneficial Shareholders, each owning at least 100 shares
Have a freely traded Public Float of at least 10% of the total issued and outstanding of that security.
Companies with a freely traded Public Float of at least 5% (and $2 million in market value of public float), or a separate class of securities traded on a national exchange may apply for an exemption (see OTCQB Standards)
International companies must be listed on a Qualified Foreign Exchange (or SEC Reporting) and submit a Letter of Introduction from an approved OTCQB Sponsor
I’m just holding my tongue. I can’t believe the fanfare related to a reverse split. Pretty standard move by any company with a massive float with no relation to the underlying fundamentals. I’m still waiting to see why Maurizio deserves controlling interest in this investment after spending very little and accomplishing less. The easy answer is that he stepped up when nobody else would after the void created by a crooked BOD. The current market cap is pretty rich compared to other more advanced projects in a clearly distressed sector. Entertaining to watch but insane to add until there is clear evidence of progress IMHO. A reverse split is not progress.
we have been in a BLACKOUT longer if included all the years we have been lied to. When you do a reverse split and not counter with good news you loose more share price. There is nothing good in a RS without news moving this forward. Take the BS story line your going to make up I’ve been here 15 years like an asshole I listen to the story line and and didnt sell when I should have cause I listened to pipe dreams. I want facts and actually waited long enough to start hearing them and all I got was a RS so far. I dont want to hear how rich the land is cause honestly I dont own the land I own the stock that does so show me news!
I go back a year , look what was spent, compare that to what the company had forecasted and reach the very obvious conclusion on what they accomplished. This isn’t tricky stuff here and anybody who’s under the assumption that this money has been pouring money into this project behind the scenes has read one too many chapters in Doc’s ever expanding novel. This has been a tough space for the past 7 years and counting. Maurizio has some hard work ahead of him.
Money spent, obviously a significant indicator of progress is not the only indicator of progress. Discussions, negotiations, strategic planning, partnering etc. can all be significant steps of progress taking place that we are not aware of.
Need to go back to this list. It appears that they have a decent management team in place, and also have accomplished the last task. However, the massive exploration program and being an active gold producer seems to be the missing ingredients to our success. An explanation from Auryn about why those two items haven’t happened yet(aerial photos show the mountain was ghost town last season) would be nice but better would be an announcement that those 2 items have started.
Since our latest news release suggested more news is coming…one can hope it will be related to the 2 unfinished items.
This picture here says a lot. Thank you Kevin for sharing. I don’t think Sillitoe would be wasting his time with his busy schedule over dinner if this mountain didn’t hold anything. This week we should get more of a picture of where this is heading. Jmo
Wiz stated he just received the picture via text message, indicating it was sent very recently, and at least implies that the picture is current / recent. However, also recall the clear statement:
Quarterly financials are out for both Medinah and Auryn. Does not appear to be anything interesting in them. Perhaps Cerro/Auryn should spend their $21 that they have in cash and buy a large 5 topping pizza?!
Veggies only, no cheese and gluten free of course!
How does it serve Auryn’s best interest to have no money in their new Auryn Mining Corporation? Where exactly is the money hiding out in assuming there is some money somewhere in one of their various shells/entities?
Mike that’s a great question. Do you think a major party is going to come in before that ticker changes or in this quarter with the money to fund this project? Obviously we know 21.00 is not going to cut it
where’s Mike and what have you done to him…
