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

To: Handshake™ who wrote (2001)	4/13/1998 10:23:00 PM
From: K A Anderson	Read Replies (2) \| Respond to of 25548

Ok this is how some of the more ruthless investors (that are not) MMs short OTC stock... its not exactly ethical, a grey area on being legal. I dont condone, recommend practice or use these methods myself, and am posting this knowledge for educational theories only... (whew hope that enough CYA for myself) Set up multiple accounts 2 5 10 20 30 accounts (at one time) however many you feel you need or can afford, make sure the broker will allow you to sell in these parameters. But never do this out of your primary stock brokerage account. A.)You call your broker and tell him you hold the certificate and would like to sell it. In the meantime you have to get your shares re-registered because the stock will due in 3 business days. If the stock is not received within 3 days the broker will grant you an extension for 2 more days. If the stock is not received during this extension then the broker will call you and tell you that you have an additional 5 days to deliver this stock or he will be forced to buy these back at the current market price. You then tell the broker that you lost the certificate and you then must file a "Lost Certificate" which buys you an additional 30 days. B) During this time your shares are getting re-registered and you have just sold short a bulletin board stock. If the stock has fallen in price at the end of your 40 days that you "sold short" then you buy it back at the current price and you have made your money. C) Your account will be put on 90 day restriction and your broker will not let you sell anything that is not in the account, so you move on to one of the other accounts you have set up and start all over again. Yeah this is nasty trading, and its ruthless. I dont know if it applies to the situation MDIN is now in, but thats how the average investor can short an OTC right here in the US using a US broker. KAA