Medinah Minerals (MDMN)

[easymillion]

Medinah COULD do what "real" companies do

and FULLY REPORT within SEC requirements, but no, they don't seem to mind the taint of the "Yield" attached to their OTC ticker. Wonder why?

CS - You have got to be kidding ... This is a pink sheet company, not part of the S & P 500 Index! lol
One day this may be a Sarbanes-Oxley compliant company, but it is non-sensical to even consider it before moving to a higher exchange. You are an accountant, and I presume maybe even a CPA. Do you believe what the CPA Journal has to say about the cost of Sarbanes-Oxley compliance?

Audit fees are expected to increase approximately 38% during the first year of compliance with section 404, according to a survey of public companies by Financial Executives International (FEI) in January 2004.

The survey also reveals that total costs of first-year compliance with section 404 could exceed $4.6 million for each of the largest U.S. companies (companies with over $5 billion in revenues). Medium-sized and smaller companies will also incur significant additional costs to comply with section 404, the survey finding an average projected cost of almost $2 million. Interestingly, the projected costs are higher than originally anticipated based on an FEI survey conducted the previous year.

This projected increase is consistent with PricewaterhouseCoopers’ June 2003 survey of 136 U.S.-based multinational corporations, which revealed that the number of senior executives describing SOA compliance as costly had nearly doubled since its enactment, from 32%
to 60%.

http://www.nysscpa.org/cpajournal/2004/1104/perspectives/p6.htm

As you so aptly put it a few days ago when discussing the lack of detailed financial reports:

I realize we have the mother of all world class mineral deposits and that the company's market cap will be soon measured in terms of tens, if not hundreds, of BILLIONS US$ soon, but it would be nice to have the "little things" better understood.
~~CS~~

As a fellow shareholder, quit sweating the small stuff and "little things", as you put it. There is nothing of consequence that can be added to shareholders' knowledge about this company that hasn't already been revealed and discussed ad nauseam. The focus is entirely on seeing our JV completed prior to Sept 16. Then we can start asking about improving our financial statements and having audited financials.
If you're in, You're In!

Invested in the Mountain…
And that’s what counts!
Easy