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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: J. Nelson who wrote (6956)	11/1/1998 11:59:00 AM
From: Wayne Allen	Respond to of 25548

Mr J, how are you sir? Just a quick glance at latest financials has me asking some questions. 6/30/98 there were $300,000 in term deposits 9/30/98 there were $10,000 in term deposits 6/30/98 there were $51,297 in prepaid expenses 9/30/98 there were $193,022 in prepaid expenses 6/30/98 there were $30,021 in loans receivable 9/30/98 there were $75,421 in loans receivable It would appear that the deposits were spent in prepaid expenses and perhaps loans to insiders or subsidiaries. Would VERY much like to know who the prepaids were paid to, as well as who owes us money and if it is secured with collateral. Also interesting is investor relations increased from $25,470 in June 1998 to $50,755 in September. Is something brewing? Advances to subsidiaries, get this, went from $6,717,360 in June to $11,972,859. Close to double in 3 months! Would like to know: Why the advances? How were they funded? Either there is a lot of debt financing or they may be hinting at something with these numbers. If you are wondering, I got the figures off of MDIN web page. I am not analyzing their statements, but rather asking questions concerning some items that, er, piqued my curiosity. Have a good weekend, Wayne