Medinah Mining Inc. (MDHM) Message Board

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

MDMN 0.0001000

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Nov 28 9:30 AM EST

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To: Mr.D who wrote (14876)	6/3/1999 5:52:00 PM
From: David Colvin	Read Replies (2) of 25548

If they are restricted for one year,and you can't do anything till then. I think your time would be from the time you send them in for regular shares. Restricted or not, the shares were a dividend on shares already held in the IRA. Whether the shares have value or not (can be traded) is inconsequential and must remain in the IRA. Think about an regular quarterly dividend on a stock such as Intel. My Intel dividends hit my IRA and stay in my IRA until I make a withdrawal. IRAs are like big black holes.....nothing can ever come out of them, and if something does their will be taxes to pay at the ordinary income tax rate plus penalties if you are not at least 59 1/2. All of this, of course, doesn't apply to the new Roth IRAs for which withdrawals are not taxable after you reach 59 1/2. Dave

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