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


To: Geoff Coates-Wynn who wrote (11986)4/29/1999 7:47:00 PM
From: SwampDogg  Read Replies (2) | Respond to of 25548
 
So should I buy tomorrow or maybe wait for a dip next week?



To: Geoff Coates-Wynn who wrote (11986)4/29/1999 8:10:00 PM
From: Ken Sammut  Respond to of 25548
 
Just spoke with my broker as I was trying to get an understanding of how we will receive a certificate for our Dividend shares in Medinah Gold. If Medinah Gold was going to be a publicly traded company from the very beginning then obviously the brokerage houses would end up doing all of that and your new stock would be placed in you account.

Since this is going to be a privately held company (at least for awhile), Medinah (or it's agent)will probably have to do all the paper work and determine who (through the brokerage houses and the Transfer Agent) are the shareholders at the close of business on May 7th.

In all the years I have been investing, I have not gone through anything like this. This should be a fun exercise to watch. I assume we eventually will get a certificate or some acknowledgement if it is done by book entry form stating how many shares we have. Then at some point in the future, we will all get the opportunity to be involved with an IPO. I have been involved in buying into an IPO but never been an original shareholder before the IPO is brought to market. In a sense whatever the price that is established for the IPO, we will eventually be receiving free money (shares that could be sold or held).

Wow, we are making money and getting a financial education on top of it.

Ken

PS Please let me know if I am wrong in my assumption regarding an eventual IPO.