Medinah Minerals (MDMN)

[jetpilot1101]

Latest from Les. I've copied the entire post so I'm not accused of cherry picking.

From rayfer22:

I tried to ask Les a few questions that shareholders were asking after the update came out this week. I want to get some clarity on a couple of other questions I ask, so I am not going to post them until I hear back from him.
Regarding the JV contract we are all anxious to have announced. JMO but I wouldn't let the fact that he said there would not be any additional announcements (updates) on the progress of the ADL or the LDM to discourage anyone. I believe the announcement on the JV contract will come sooner that most think. I do know several weeks prior to the meeting in Chile, that MMC lawyers were working on documents with a mining company. Now was it the partner that was picked? I don't know! Some have alluded that they think the partner was probably chosen prior to the meeting in Chile and I tend to agree. But as Les said, they had to give the principles an opportunity to present their offers so that in the event they wanted to do business on other properties, they would continue to show interest and possibly come back to make offers. I think at this point it may a be a little risky to flip shares but that's everyone's right to do so. At this point I know I am not going to do it.
As in the past, I tried to correct some of his spelling.
Have a great day everyone! It's only going to get better from here!
Ray

From Les Price (note: rayfer22 is the one asking the questions)

1.Did I not understand correctly what you said about the MOU? I thought that both parties would ink the MOU and from there it would be processed, etc and then the final draft would be signed by both parties, announced to shareholers and then from that final MOU, the JV contract would be drafted. Just curious how all this played out differently!
Answer: ALL PARTIES DECIDED THAT WOULD ONLY WASTE TIME AS MEDINAH WAS QUICKLY ABLE TO MEET ALL THE OBLIGATIONS SO WE DECIDED TO PROCEDE STRAIGHT TO CONTRACTS.

2. Since you are an officer of MMC what office or function will you now fill?
Answer: AT ATHE MOMENT NOTHING HAS CHANGED BUT AN OPENING IS LEFT FOR A DIRECTOR OF MEDINAH FOR US TO JOIN

3. Will there be additional announcements this week regarding the progess of management in finalizing the JV agreement for the ADL?
Answer: I DON’T THINK SO

4. Will there be any announcements this week or in the next few days regarding the progress of mining efforts on the LDM?
Answer: NO

5. What are the terms and conditions of the 35 million non-voting Restricted Class “C” Preferred Shares?
Answer: LEGALITIES NOW BEING WORKED OUT WITH THE STATE OF NEVADA

6. Can the 35 million non-voting Restricted Class "C" shares be converted into common stock?
Answer: YES

7. What is the issue price for the Restricted Class "C" shares to Medinah Mining Chile?
Answer ONE DOLLAR PER SHARE