Medinah Minerals (MDMN)

[Money_For_Nothing]

The point is that the money may be tied up on the investors side as a result of the funding issues, So technically, they funds maybe in their account but cannot be transferred to the US account without the proper paperwork.

We might have a confirmation of the borrowing and funding at the JV level but these funds cannot be released until the proper paperwork is completed in the country of origin. Which might not be the country of the JV partner.

Example - JV partner 1 borrows money from a Austraian bank, these funds were to be sent to US by the JV partner who is lets say in Chile, the JV country. I can forsee a number of problems arrising from the country of Austraia, Chile and the US based on how the funds are transferred.

Each have there own taxes, treaties, govt regs and banking requirements. It may not be just a write a check type transaction. It could be that big and complicated. Now add in two or five other JV partners some of which have their own funding requirements and it is not beyond possibility that something somewhere got screwed up.