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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: Richard S. Gates who wrote (14972)6/4/1999 9:04:00 PM
From: Coz   of 25548
 
I wish I could help you with that, Gipper. I just don't know. It is my understanding that these shares must bear the name of the legitimate owner. I don't see how they could settle in your brokerage if this is really the case.

If I were in your situation. I would call my brokerage and talk to their retirement planning guys, I would probably call Larry Regis at Medinah and explain the circumstances because he can talk to Les and possibly their attorneys that set this up. I would also call my tax preparer and try to get some information on that.

I would also ask Medinah what the value of these shares is. Right now the broker is carrying them at zero value. I would ask the broker, if they could be removed from the account at zero value. That would solve the tax problem (I think). You could return them when they go public.

Again, I just don't know how to handle this situation. I do not have a retirement account that I trade in, nor do I know much of anything about retirement accounts and trading in them. There must be people at your the place you have your retirement account that can help you with this question. After all, it is there job to deal with these accounts, surely they must know how to deal with unusual situations when they arise.

I suppose last of all, and I do hate to say it because Oregon is such a high tax state, but a profit is a profit is a profit. I'm going to get nailed on taxes if I sell, but still, it is a profit.

--Coz
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