Medinah Minerals (MDMN)

[CoreSample]

Well, as a former executive you certainly understand prima facie essentially means "at first blush", or "until rebutted".

And here is what Medinah has recently told us, in their own words:
Medinah Minerals, Inc. Management has now proceeded to the finalization stage of the Joint Venture Agreement
and
Company Management has today received written documentation that the first tranche of funds, necessary to complete the initial catalyst part of the Joint Venture Agreement, are finally in the last stage of transfer to the Company bank account.
and
until we have verified funds in place, the Joint Venture Agreement is not fully consummated
and
Medinah is waiting to receive affirmation that the transfer of funds, the last step necessary to finalize the Joint Venture Agreement, is completed.

So, let's cut to the bone and examine our evidence (in English)-

-The company is trying to finalize a deal
-The company got a letter or fax saying that money, a necessary ingredient for the JV to exist, is in "the last stage of transfer:" (whatever that means)
-Without money in MDMN's hands (e.g. we have verified funds) we DO NOT HAVE A JOINT VENTURE AGREEMENT

I think even the most optimistic of stockholders have to concede these statements are meaningless. Nothing has been established. The only promise or forward focused remark is really, until they get the money, they've got nothing. There is no "information" here. This is fluff, not fact. I have never seen a company use so many words to say essentially nothing.

There may be a deal, we will see. But your suggestion that there is anything definitive or factual that could merit regulatory oversight in these statements plainly falls flat. They do NOT say the JVA exists, in fact they go to great pains to say it DOESN'T. And of course, that is by design...

~~CS~~