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

To: BB BOB who wrote (15195)	6/10/1999 10:07:00 AM
From: Greg Cassinerio	Read Replies (1) \| Respond to of 25548

Here is the explanation I received from Ameritrade: You are the "owner" of a security on the day you purchase the security. This fact, however, does not always determine whether you are entitled to dividend shares. To determine whether you are entitled to dividend shares depends on whether you need to be an "owner" before an ex-dividend date, or a "record holder" before a record date. To be a record holder, your trade must settle on or before the record date. With respect to the dividend shares paid on Medinah Energy, there was no ex-dividend date. In other words, the company would only be paying dividend shares to those shareholders who were record holders as of the record date (May 7). In your case, your trade did not settle until after the record date. Thus, you were not paid dividend shares for the 7,000 shares. If you have any further questions, please call 1-800-669-3900 and speak with an Ameritrade Representative. Thank you. Mitch Olson Ameritrade Reorganization & Safekeeping 1-800-669-3900 Option 2, Ext. 4511

To: BB BOB who wrote (15195)	6/10/1999 10:21:00 AM
From: Coz	Read Replies (2) \| Respond to of 25548

BB Bob, Here are my notes on this subject from just before the record date: 05-06-99 Russell Godwin, 1-800-547-9375 I spoke with IR again, and here is what I was told. Normally you have a cash dividend, and with a cash dividend you have the ex-dividend date three days prior to record date. In this case, because it is a stock dividend in a private company, they have called a record date without calling an ex-dividend date. The stock is record date as of tomorrow, Friday, but it is not ex-dividend date until the company gives the shares out. This comes through management from their securities lawyer. IR says that the company has been quite clear that they will give a dividend if you are a purchaser by the record date--not closed or settled, but a purchaser. I asked if I buy shares tomorrow if I would get the dividend and was told that I would. I would advise calling Russell in IR and explaining your situation to him. It might also do some good to call Larry Regis, too (909-245-9498). However, on the radio show Regis said you had to buy on or before Wednesday to get the dividend. That's why I called Russell to clarify this (notes above). I hope this will help. It seems like you are due this dividend. --Coz