MEDINAH MINERALS Question & Answers
June 3, 2010
Question & Answer postings are compiled from time to time, as an information source as to company actions and/or activities. Q&A posts will continue in the post-Joint Venture Agreement phase concerning Company activities, to provide ongoing information for the benefit of Medinah Minerals shareholders.
Q: Certain individuals have apparently initiated a census campaign in an attempt prove that
there is a huge naked short position in Medinah’s stock. These individuals are asking for
personal share holdings and brokerage information. Is the company working with this
committee on this? If so my friends and I are very concerned.
My opinion is that if the company is involved or even passively allowing these individuals to
carry on this activity with the company's shareholders, they should try to stop it. The
Company has a wonderful and very promising future by simply getting a JVA deal done on
the Alto de Lipange property.
A: Medinah Minerals, Inc., IS NOT
, conducting any campaign to identify, quantify, or qualify
the possibility of an illegal naked short position in the Company's stock. Nor, is the
Company contemplating any "call back" of the Company's shares. Medinah Minerals, Inc.
adheres to the principle that an individual's shareholdings are his/her personal affair and
the Company will not disclose that information to any third party.
Medinah Minerals Inc. continues to focus on the completion of a Joint Venture Agreement
on the Alto de Lipangue property in Chile, at which time it is anticipated that normal market
functions will resolve any short selling influences.
Q: Can the company explain and assist, if they can, in the efforts of the shareholders to
deposit paper certificate shares of Medinah into their brokerage accounts?
A: The recent rule changes by the United States Securities authorities are designed to tighten
regulations so as to assist in the avoidance of potential fraudulent acts by members of the
brokerage community, individuals, and companies.
The required "due diligence" now in force by various brokerage firms is somewhat onerous
and complex, but Medinah Minerals, Inc. continues to provide such assistance, validation,
and documentation as may be requested from shareholders.