Medinah Mining Inc. (MDHM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

MDMN 0.0001000

0.0%

Nov 28 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BB BOB who wrote (15195)	6/10/1999 10:07:00 AM
From: Greg Cassinerio	Read Replies (1) of 25548

Here is the explanation I received from Ameritrade: You are the "owner" of a security on the day you purchase the security. This fact, however, does not always determine whether you are entitled to dividend shares. To determine whether you are entitled to dividend shares depends on whether you need to be an "owner" before an ex-dividend date, or a "record holder" before a record date. To be a record holder, your trade must settle on or before the record date. With respect to the dividend shares paid on Medinah Energy, there was no ex-dividend date. In other words, the company would only be paying dividend shares to those shareholders who were record holders as of the record date (May 7). In your case, your trade did not settle until after the record date. Thus, you were not paid dividend shares for the 7,000 shares. If you have any further questions, please call 1-800-669-3900 and speak with an Ameritrade Representative. Thank you. Mitch Olson Ameritrade Reorganization & Safekeeping 1-800-669-3900 Option 2, Ext. 4511

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next