Medinah Minerals (MDMN)

[Minichiello]

Are you going to anticipate some money or are we going to reverse split and keep selling shares?

When you consolidate the outstanding shares on a 1 for 10 basis the authorized shares also consolidate by the same ratio. For example, the authorized shares for Medinah would be 300 million after consolidation and the outstanding would be 299,644,849. The number of shares available in the company treasury would also decrease by this ratio leaving 355,151 shares available for sale. Conversely, the share price would rise by a ratio of 10 therefore the shares would trade at a price of $0.05. At $0.05 this doesn't leave much money to be put into Medinah's bank account after their sale to the public.

Les is smarter than anyone on MDMN board and way smarter than me and you too.

Les may be way more experienced at thievery than any of the Board members but that doesn't make him smarter.