Business
Shareholder Update - March 18, 2010
Shareholder Update - March 18, 2010.
About this update from Medinah Minerals, Inc.
[{"type":"text","content":"As our Medinah shareholders know, the last few years have been a time of extreme financial stress for families and businesses. Each of us has had to face an unbelievable period of uncertainty and trepidation for the future of our financial well being. Medinah Minerals, Inc., as a Company trying to do business in this most difficult time, with minimal resources, has endured during waves of business failures and closures by even the giants of industries. Every obstacle thrown in Medinah’s path has been met with resolve, but make no mistake, “it has been beyond difficult.” We have continued to entertain every prospect and possibility with fervor, but have been unable to finalize a deal through the latest month of February 2010. With our bags packed to leave for Chile in early March, came the word of Chile suffering one of the worst ever recorded Earthquakes and subsequent Tsunamis on February 27. We each wondered what had happened to the Chilean population, and specifically to Señor Quijano and his family. Word came days later, when minimal electrical and communicative resources were somewhat restored, that Señor Quijano and family were physically safe, but devastated by the death and destruction throughout many areas of Chile. We were also informed that each of Medinah’s holdings was minimally impacted. As we were previously scheduled, and at the request of our Company President/CEO, Juan José Quijano Fernández, members of the Medinah team decided to still travel to Chile, through the objections of our families. Subsequently, American Airlines and Hotel Kennedy canceled each of our flights and hotel arrangements several times delaying our departure 1 week due to the Chilean airport terminal suffering extensive damage and the rearrangement of all of our previously scheduled meetings. Our decision to still go to Chile was to represent the shareholder body and thoroughly analyze and support Señor Quijano’s endeavor to bring to fruition a “deal” for the benefit of Medinah’s shareholders. Over the course of extremely difficult circumstances, untold delays, altered schedules, cancelled meetings, cancelled flights, subsequent earthquakes, and hundreds of significant aftershocks, etc. we were able to adapt and adju...