Guys (and girls)…it is not that difficult to understand.
THIS STOCK SUCKS!!! IT HAS FOR MONTHS IF NOT YEARS!!!
The company is a whole different story, but let’s stick with the stock. IT SUCKS!!!
Most people won’t go near it with a ten foot pole. It has 3 billion shares outstanding. It has been littered with fraud that is only beginning to be exposed and cleaned up. It has outstanding lawsuits. It is much more thinly traded than when it was considered relatively active from news (fake news for Les to dump shares into). The company has gone silent for a reason and not because Kevin wants to torture shareholders. What incentive does Maurizio have for releasing news on Auryn at this point? Seriously.
Stop watching the ticker and think about it. What sane investor would go near this stock? Emphasis on “sane”. There is a large disparity between bid and ask for a reason…there is little demand on either side of the equation, so you have big swings in the price on little shares traded. This happens with thousands of low interest penny stocks every day. That isn’t manipulation. It is called disinterest and it is there for all the reasons you guys complain about for the last 6-12 months.
MDMN is a 27.5% shareholder in Auryn, nothing more and nothing less. There is no difference where this stock trades right now unless you are intending on buying or selling in the short term. Short term = prior to the inevitable conversion of MDMN shares into Auryn shares, however that conversion shakes out. Current shareholders will convert their shares into Auryn on a pro rata basis. The only thing that matters as far as your investment is concerned is the number of shares that Medinah can claw back from the Les Price fiasco and the number of shares Kevin can maintain in the O/S.
The equation of your ownership is this:
MDMN has approximately 3 billion shares outstanding. Medinah owns ~27.5% of Auryn. If/when MDMN is absorbed by Auryn and Auryn is publicly traded, that 27.5% will be divided up on a pro rata basis into the new publicly traded entity based on all entities owning a piece of pie of Auryn. Each MDMN shareholder will get an equivalent amount of shares in the new entity based on their current ownership of MDMN. Though this is not taking into account outstanding debts that MDMN has to take care of. It doesn’t matter whether MDMN is trading at .005, .05, or .50. We are getting the same percentage of Auryn shares on a pro rata basis no matter what! The only person who cares about the price is the shareholder who wants to accumulate more shares for a cheaper price or a shareholder who wants to sell their shares at a higher price. Anyone in between doesn’t really matter.
If you understand this concept, you’re not complaining about the share price because you know it is completely meaningless in the end game. It doesn’t effect your eventual ownership position in the new Auryn entity. If manipulation exists (it doesn’t), it is completely arbitrary and meaningless.
The market doesn’t matter because the manipulation has already occurred - and that was Les Price manipulating every shareholders’ hopes and dreams while he fraudulently sold shares behind their backs.
This will eventually straighten itself out, but shareholders will not be privy to it until certain matters get cleared up or certain milestones are achieved. It doesn’t take a rocket scientist to know what those things are. Until then, we wait.