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 10:45:00 AM
From: Ken Sammut	Read Replies (2) of 25548

MrD, You may be wrong. Medinah Gold is a private company. A broker will not hold the shares. Once the TA gets things figured out, I am sure our brokers will send us our certificates. All IRA/SEP securities must be held by a trustee (broker/bank etc.) and only certain types of securities are allowed in a retirement account. Privately held companies (to my knowledge are not). Depending on the timing of how all this shakes out, there may be a very good chance that shareholders who received the dividend from shares held in their retirement account will have no place to put these shares. Not their fault but they may have no recourse but to take the penalty. The upside is that currently the shares have no value. Shareholders who have this problem will need to eventually contact Medinah Gold management and ask them for a letter of valuation. If the valuation is low, the penalty and tax will be nominal. Do not rush out and do this until we learn what kind of time frame we are looking at for a Medinah Gold IPO. All of this IMHO. Ken

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