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 (14913)	6/4/1999 10:43:00 AM
From: Richard S. Gates	Read Replies (2) of 25548

Mr.D: The point is that when the accounting has taken place, the Medinah Gold listed in the IRA account as restricted, no value, will be removed when the TA sends the actual certificates to the owner. At some point in the future the shares will have a value when the company goes public, and at that point there would be a substantial profit on the stock($.00 to $.50 for example). Most likely this would happen long after 60 or 90 days has passed making the owner subject to a 10% penalty, if he is under 59.5 years old, and income tax as well. I guess that when the owner gets the shares mailed to him then he should immediately send them to his broker, and hopefully that would be within the allowed time limit. Does this make sense? The Gipper

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