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

To: superdow who wrote (7784)	12/15/1998 4:10:00 PM
From: Mike Gold	Read Replies (1) \| Respond to of 25548

Superdow, I think somebody posted that the brokerage companies would buy back the shares from the open market AT WHATVER THE PRICE in order to meet share registeration requirements and then send the bill to the MMs. If the MM's didn't pay up-they would be out of business and probably sued by the brokerage companies.

To: superdow who wrote (7784)	12/15/1998 5:47:00 PM
From: David Colvin	Read Replies (1) \| Respond to of 25548

perhaps this is a stupid question but if there is so much shorting by the mm's is it possible that an effective short squeeze could bankrupt them and leave those who have not registered their shares with nothing?? No way! Market makers are backed by "deep pockets" and would face all kinds of SEC grief/sanctions and lose the brokerages business if they didn't pay up. Way back in 1996 there was a hedge fund (As I recall, the Tiger fund) that went broke legitimately shorting Iomega (borrowing shares per the rules). They lost $500 million. I am willing to bet though that they had some kind of insurance to cover most of the losses. Dave