To: Ken Sammut who wrote (15895 ) 6/23/1999 8:34:00 AM From: Dave D'Biker Read Replies (1) | Respond to of 25548
To All National Discount Brokerage Account Holders: I had a lengthy conversation with a NDB agent (broker) regarding my Medinah Gold Dividends which are in street name. I asked for delivery and was told that they could not be delivered since the Company had put a freeze on them. I emphatically expressed my concerns, especially about the $75 dollar amount they wanted to charge for the delivery. I asked why and he stated that the dividends would have to be sent back to the DTC. I told them that I didn't believe they had the certs, but only a credit of such to my account and that I wasn't going to pay on something NDB said they have without documentation that the certs were in my name, including my account number on them. He had to put me on hold at least three times, having to hang up and call back after confirming these issues with management. He restated that the dividends were frozen that it was up to the company to lift the freeze. I then demanded a letter be sent to me stating such. Again I was put on hold. Later, the agent called back assuring me a letter would be sent stating NDB, DTC and MDHM management's current position. The letter from NDB stating the following conditions is as follows: "I am writing in response to your letter regarding the transfer requested on May 5, 1999. The xx,xxx shares of Medinah Gold that you requested to be registered in your name and delivered to your address of record can not be expedited at this time. Unfortunately, the shares are restricted dividend shares currently held at the Depository Trust Co.(DTC). According to DTC the shares issued by Medinah Gold Co. are currently frozen for delivery. However, the Medinah Gold shares are in book entry form in your account and you will be able to see them on your statement........................." dd