Medinah Mining Inc. (MDHM) Message Board

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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)

MDMN 0.000001000

-99.0%

Jun 3 1:07 PM EST

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To: Joe Bilich who wrote (9518)	2/27/1999 12:05:00 PM
From: Ken Sammut	of 25548

What is a cash poor company to do? I do not like it but issuing new shares is the easiest way for them to raise money. There are enough geologists on this thread to know you are looking at a lot of cash needed to drill these holes. I was in one penny stock that I wish they could have issued more shares as they were cash poor and found it impossible to secure financing. They were even a going concern and had revenues but the business was also in a foreign country. Not a credibility issue to me but a simple cash issue. Guess you guys never had your own business. Getting financing is not easy. I cannot imagine what it would be like to get financing for a concern abroad. Be happy they had the shares to issue. If the gold is there, we will all get a nice return for our investment risk even with the additional shares. We have never been this close (time wise) to knowing if we have a winner in MDIN. Your are at the roulette table and the ball is already rolling (in this case you do have a little time to add some more chips or take some more off before the ball stops). Your call. Ken

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