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


To: Mike Gold who wrote (7397)12/2/1998 7:27:00 AM
From: craig poppe  Read Replies (1) | Respond to of 25548
 
The odds are slim to none. Let history and the track record of NPEC/MDIN management be your guide.



To: Mike Gold who wrote (7397)12/2/1998 7:49:00 AM
From: Handshake™  Respond to of 25548
 
JUst wanted to share this folks. Can't disclose the source, but this person is extremely knowledgable on the subject.

"In lieu of ordering certificates, another trick is to open a taxable account with another brokerage, then request a transfer of the shares to the new account. This will force "real" shares to be transferred because the new brokerage will NOT accept "phantom" shares.

As far as margin accounts go, shares held in those type accounts can be readily certificated or transferred to another brokerage because a stock selling for $0.08 isn't marginable anyway.

A little more complex situation is shares held in an IRA. That is a completely different animal because you can't hold shares for very long in certificate form (as I recall, 60 days) without it being treated as a withdrawl from the IRA. One trick is to create another IRA account and "transfer" the shares (of course getting certificates first)....taking 60 days to do it. *g*
"

Things your broker never tells ya...lol!!!