RESPONSE TO SHAREHOLDERS
Q&A WEBSITE
November 2, 2007
We continue this week with answering the most commonly
asked questions, in no particular order.
Q) “First, let me thank you for your exceptional
effort to communicate with your shareholders and address
their questions, concerns, and general need for information.
It is highly commendable. In my nearly 5 years experience
with investing in penny stocks this is the first time I
have seen such transparency. I for one thank you.”
”However, as one might expect, every Q&A post
by you, while informative, has generated more questions.
Such is the case with your latest effort.”
”Therefore, would you please clarify and expand
upon the following statement, "The Management Committee
will be responsible for supervising the programs and making
timely disclosures to all participants."
”What exactly is the management committee? Is that
committee in place and functional at this time? Who will
be its members? How many individuals will there be on the
committee? Where will they come from? What do you mean
by "timely disclosure"? "Timely" by
whose definition? And will "all participants" include
the shareholders?”
A) As is normal with most Joint Venture Agreements between
junior and majors, a management committee is formed to
oversee the development program and report results to the
participants. I personally have participated in many such
committees representing the financial process and have
been accompanied by professional geologists to follow the
exploration and mining aspects.
Most agreements contemplate a five-person committee – two
representatives of the junior, two from the major and an
independent chairperson. All public companies must make
timely disclosures of all significant events and this procedure
will be followed so current information is provided to
Medinah shareholders.
Q) “When will 3rd quarter financial results be available
on the website as well as the latest update to the shares
issued?”
A) The Accountant is finalizing the current quarter and
the results will be published along with an update on shares
issued.