Medinah Minerals (MDMN)

[Money_For_Nothing]

I hate wasting one of my last two post for the day on something that should be obvious, but it might help you and other understand this investment better.

If you have done your DD homework you would see that financials are issued every three months, that is call a quarter. The September quarter is available on the company Web site. These reports are called "financials" and list the activities for the YTD (year to date).

So see if you take the numbers for the December "financials" and subtract the previous quarter you can find out how many shares were issued during the quarter and for what price. The way you do that is you look at the equity account (bottom of the financials) and see the dollar value of the increase in that account and divide it by the number of shares issued.

That will give you the dollar average the shares were traded at. In this case, your $35 Million is just BS. The fact that our cash balance increased but our revenue or liabilities did not reflect a corresponding increase, it is fair to infer that the escrow account represents money paid for those shares but not released from the escrow (or trust)account.

Additonally, there is possibility that this money is money we were required to put up for our portion of the future drilling and production. But we will not know which explaination is right until the deal is done. Based on previous company communications, it would seem that if we are waiting on the first "tranche" (strip of an obligation) and we are due a non refundable deposit if the deal does not close, that this is OPM (other peoples money) that the legal right have not transferred to us as of the end of the year.

Hope this helps. Accounting 101 class is closed now we are just waiting on the bell.

If your In, Your in