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: BB BOB who wrote (16373)	6/30/1999 2:50:00 PM
From: Ken Sammut	Read Replies (1) of 25548

Hi Bob, I just posted the following on Ragging Bull as many are getting the two types of shorting confused. >> You are getting the two types of shorting confused. Legal Normal shorting is done with borrowed shares and is done on almost all non-BB stocks. Most BB stocks that truly have a short position are being shorted through naked shorting. A professional trader will sell shares of non-existing non-authorized shares. This artificially creates more shares outstanding. Calling in your certs, enables the TA to see how many unauthorized shares there are.>> The reason the company wants everyone to call for their certs is to force the TA to do a complete accounting of the shares. I would think the TA could do an accounting anyway but with 100s of investors yelling for their certs, it may happen sooner than later. Once the accounting is done and the professional traders (and guilty brokerage firms that allowed it to happen) are pointed out, the company and the SEC can take whatever action that is necessary. By the way, you are in no danger of losing your shares (its value) if you kept the shares in street name. I do not know of any US brokers that do not insure their customers accounts. Ken

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