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


To: Coz who wrote (16371)6/30/1999 1:32:00 PM
From: BB BOB  Read Replies (2) | Respond to of 25548
 
Hey Coz,or anyone, are the shares not "shortable" from the moment we request them or until their actually issued with our name on them??In other words at what point are they "safe"??
Regards,
Bob



To: Coz who wrote (16371)6/30/1999 2:11:00 PM
From: Richard S. Gates  Respond to of 25548
 
Coz:

I couldn't agree with you more. Also, the 3 day "problem" can be easily remedied by using FEDEX or some other express mail option. The negative bias of this message almost (I said almost) makes me think someone is throwing a curve ball to DISCOURAGE what is obviously the wise and prudent thing for a shareholder to do. I must add, at the risk of being redundant; make sure that everyone who owns MDHM shares MUST request delivery of those shares in their name ASAP! GOLD shares have not been given to the DTC so you will get nowhere in your efforts to have them delivered to the owner. The reason this is so is that there is an imbalance in the books at the DTC because of the large "SHORT" position in MDHM. Until that is squared, no share count of GOLD shares will be accurate and thus the TA will refrain from sending GOLD shares to the DTC. We are in a "pickle" at this time and must wait for the resolution of the DTC problem.

According to IR, there is a time limitation which the DTC must meet (an SEC regulation), and the time's getting short (no pun intended)! Russell did not know the time limitation, but it's been seven weeks since May 7, 1999 and answers should be forthcoming soon.

However, just because you cannot receive GOLD shares at this time doesn't mean you should not pester your broker about them. The more noise we create, the better it is for us.

At this time, the only GOLD shares that may be sent to the owner of record are the ones which issue from registered MDHM shareholders as of May 7, 1999. Any holders of "street name" shares of MDHM will NOT be able to receive GOLD shares delivered to them personally until there is resolution at the DTC.

Does this make sense?

The Gipper