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


To: BB BOB who wrote (14883)6/3/1999 9:41:00 PM
From: Coz  Read Replies (2) | Respond to of 25548
 
Not to worry yet, BB. These dividend shares have not settled yet. What you received is an accounting credit for your dividend. This is an acknowledgement by your broker that they own you a share dividend. Now that the brokers are crediting everyone's account, they will send in a request for shares, but the TA will not issue a single share until every brokerage has sent in their request. At that point, the TA can count up all the requests, and if they don't match up to the shares issued, someone is going to be in big trouble, and they will have to either buy the dividend shares from registered owners to give to those who hold shares in street name, or make a cash settlement instead of supplying the dividend shares. Hmmmm, how much are your Medinah Gold shares worth to you in a cash settlement? <ggg> --Coz