Medinah Minerals (MDMN) - 2017 Q1General Discussion

[easymillion]

Amazing all the outrage!

@Baldy

What I would like to know: when did the “non-dilutable” factor go away.

I think we all know the answer to that. It was stated all previous agreements were voided with the successful completion of the Memorandum of Understanding (MOU) and signing of the “purchase agreement” for Medinah’s mining concessions. It was a lingering question, but has been conclusively answered. However, I do get where you are coming from, in that much information openly available has been removed. We still have this forum and the discussions that are meant to inform shareholders and civilly share ideas.

The missing piece of the puzzle actually surrounds the Okanadian investment agreement signed January 1, 2016. Medinah apparently agreed (on paper, anyway) to issue 100,000,000 million of Medinah’s Class C, Redeemable, Convertible Non-Voting Preferred shares to Okanadian in exchange for 100,000 Canadian Dollars. A lawsuit to enforce this agreement was filed 2/16/2016. This was the start of a cascading number of events plaguing the company and continuing to the detriment of shareholders, IMO. This was the action that forced the unfolding of many events that followed, much to the dismay of shareholders since that unresolved revelation. It is my understanding that this lawsuit cannot be resolved by arbitration, and must be answered in a jury trial.

Much has changed since the two posts below, but I consider them relevant. The questions being asked then have now mostly been answered,

Continuing the discussion from MDMN - 2016-02-15 Weekly Discussion:

@Karl

Once again another missing piece to our puzzle. Is out 15% equity interest simply straight equity interest, or not. My guess that until Auryn exercise the purchase option MDMN does not have capital contribution requirements. I also believe that Auryn will be public before the option is exercised and we will get 15% of the public company stock. The next piece is whether our 15% could be diluted or not, based on Auryn’s future capital needs. If the outstanding common stock remains fixed and all future financing is done via preferred stock( non convertible) and debt financing (non- convertible) our 15 % could remain undiluted. But if they do convertible debt or equity financing then our equity interest becomes dilutive unless there is a clause that MDMN always maintain 15% equity interest, which I doubt. But we must also realized that Auryn equity in their own company becomes dilutive as well unless they always buy equally into any dilutive financing in order to maintain their equity interest.

The other missing piece of the puzzle of course is what does 15% mean. Does it mean 15% FCI, or 15% straight equity interest or something inbetween. I leave that to whatever you like to believe, my thought is it is probably straight equity interest, but it could be something in-between as well. . JMO

MDMN discussion for week beginning

Continuing the discussion from MDMN - 2016-02-15 Weekly Discussion:

@Wizard

The contract is clear. Why do people invent things that are not there? Just read the contract.

Forget these pie-in-the-sky dreams that make no sense in the real world. NOBODY is giving anyone 15% of the entire AMC owned ADL with a perpetual non-dilutable interest.

There will be cash calls. We will have to come up with the cash or be diluted. If it’s common stock of a public company we’ll suffer the same dilution any other common shareholder would suffer. AMC is not going to be giving MDMN some special non-dilutable interest. There is no free ride here.

Read section 5 of the contract on page 14.

We turn over 100% of the rights to all the properties. AMC pays us $100 million dollars and 15% of the shares of AMC SPA.