Medinah Minerals (MDMN)

[myrtle222]

njx I just noticed this.

MEDINAH MINERALS, INC.
NOTES TO UNAUDITED FINANCIAL STATEMENTS (PAGE 3) DECEMBER 31, 2011 AND 2010
See also Note 7.
NOTE 7—INVESTMENT IN MEDINAH GOLD, INC.
In December 2011, the Company settled its advances to affiliated companies by taking 4,500,000 shares of Medinah Gold, Inc. at a deemed value of $.10 per share.
At a directors’ meeting of Medinah Gold, Inc. on February 10, 2012 they approved an additional 5,500,000 shares of their stock to come to the Company in exchange for accrued interest on the indebtedness that was retired in December, 2011.

Did you find out if your shares are worth anything?