Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jim Gold who wrote (14799)	6/1/1999 4:50:00 PM
From: Coz	Respond to of 25548

I do not fully understand this either. It sort of sounds like we will have to call in our Medinah Gold certs to get an accounting, but I will check into it further. --Coz

To: Jim Gold who wrote (14799)	6/1/1999 8:57:00 PM
From: Ken Sammut	Read Replies (1) \| Respond to of 25548

Jim, >>>Coz, Regarding various brokers placing Medinah Gold "shares" in accounts without certificates: Isn't this another form of shorting? If people think they have shares even though they don't, there will be no push to squeeze real certs out of the MM's. Additionally, once Medinah Gold can be traded, will these brokers allow their clients to trade these phantom shares? Sounds like we need to confirm with those brokers or the transfer agent that they really have the shares.>>> As Medinah Gold is a privately held company, the brokers are not too concerned about when they will receive the actual certificates. It will be months before Medinah Gold will be able to pull things together and go public. Plus none us really knows how quickly management wants Medinah Gold to go public. It will not be the individual investors pushing to get the certs but the TA that will (on their own time schedule) determine if there is a short position and if so, how large the short position is. An MM would not be short in a case like this but an individual or investment group could be short. The TA will be able to determine who these people might be. IMO, contacting your broker (other than giving you some piece of mind) will not do all that much. Unfortunately, we just need to be a little patient as the TA sorts things out. Ken