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


To: Coz who wrote (15318)6/11/1999 2:52:00 PM
From: Mr.D  Read Replies (1) | Respond to of 25548
 
I just put an order in for a few shares at .29 it is a 1 with a few 00 behind it 11:45 PT we will see. Good luck to all. Mr.D.... I just got a call they gave me 20,000 of my order,a lot more to go.



To: Coz who wrote (15318)6/11/1999 4:42:00 PM
From: David Colvin  Read Replies (1) | Respond to of 25548
 
Cosmo,

As far as MDHM share held in a retirement account goes, they are safe from shorts there. Leave them in your retirement account so you don't incur any penalties. The whole issue of requesting your certificates goes to keeping your shares out of the hands of short.

To clarify a little bit.....the whole issue of requesting your certificates goes to keeping your shares out of the hands of legitimate short sellers who can legitimately borrow shares to do their short selling! IRAs can't be margined and are, by definition, cash accounts. Shares held any type of cash account (IRA or regular) cannot legitimately be borrowed by short sellers. Only shares held in margin accounts can be borrowed.

On the other hand, there just "ain't" no defense against illegal naked shorting, and very difficult to prove without a complete accounting of all the shares out there via, among other things, a move to another exchange, a company name/cusip change or a merger.

Dave