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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.00010000.0%Nov 21 9:30 AM EST
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To: Jim Gold who wrote (14799)6/1/1999 8:57:00 PM
From: Ken Sammut  Read Replies (1) of 25548
 
Jim,

>>>Coz,
Regarding various brokers placing Medinah Gold "shares" in accounts without certificates: Isn't this another form of shorting? If people think they have shares even though they don't, there will be no push to squeeze real certs out of the MM's. Additionally, once Medinah Gold can be traded, will these brokers allow their clients to trade these phantom shares? Sounds like we need to confirm with those brokers or the transfer agent that they really have the shares.>>>

As Medinah Gold is a privately held company, the brokers are not too concerned about when they will receive the actual certificates. It will be months before Medinah Gold will be able to pull things together and go public. Plus none us really knows how quickly management wants Medinah Gold to go public.

It will not be the individual investors pushing to get the certs but the TA that will (on their own time schedule) determine if there is a short position and if so, how large the short position is.

An MM would not be short in a case like this but an individual or investment group could be short. The TA will be able to determine who these people might be. IMO, contacting your broker (other than giving you some piece of mind) will not do all that much.

Unfortunately, we just need to be a little patient as the TA sorts things out.

Ken
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