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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?


To: Rich who wrote (15138)6/8/1999 10:39:00 PM
From: on parole  Respond to of 25548
 
You have three days from the time you execute the trade to deliver the certificate. When you request the certificate your broker still shows you own the stock until it is sent out by the transfer agent at which time the broker will show record of as well. Even if you wanted to trade the stock the day your broker showed the certs had been sent out three days should be sufficient for you to receive them. This is straight from my broker who is office manager of JC Bradford. You should make sure yours will do the same for you.



To: Rich who wrote (15138)6/8/1999 11:02:00 PM
From: Coz  Read Replies (1) | Respond to of 25548
 
Rich, you need to call your broker and ask how they handle this. I have polled a number of people and most seem to agree that it is no problem to take possession of your shares. Most brokers will allow you 3 days to deliver the share certificates after you sell them. However, I have gotten different responses from the 2 brokerages I use.

Make sure when you call your broker that you tell them how many shares you have as that may make a difference. It is curious that my discount Broker seemed to have no trouble when I asked about selling shares that I hold in certificates. They said just send them in within 3 days of the sale. That would be easy to do with overnight mail. However, my full service broker wanted to retain possession of the shares. They suggested I place them in an LSK account (Local Safe Keeping account). In this type of account the shares are supposed to be unavailable to be loaned out for shorting purposes. It is important that everyone asks their broker these questions about trading to make sure what you need to do.

--Coz