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[brecciaboy]

Mike,
Technically what you "purchased" is what you paid for, "X" amount of shares and indeed you can sell "X" amount of shares and pawn those bogus shares off on the next sucker. From a "rights" point of view like voting rights the DTCC has made the foundational concept of a corporation involving "one share, one vote" a total myth.  As far as you voting your Medinah shares you own what is legally referred to as a "pro rata property interest" in the amount of shares that your clearing firm successfully "obtained and maintained" in the clearance and settlement process.  If your brokerage firm clears through a corrupt clearing firm your voting power is nearly zip.  Corrupt clearing firms will either invisibly "shave" your voting power behind the scenes or allow its clients to vote what their monthly statement implies that they are "holding long".  If your clearing firm has 20 million legitimate shares in its NSCC "shares account" but is sitting on 30 million delivery failures and if you "own" 5 million shares your voting power will be 10% of what your clearing firm successfully got delivery of or 2 million shares instead of the 5 million shares you think you are voting.  You'll never realize this because the DTCC holds that any information related to delivery failures is of a "proprietary" nature deserving secrecy.

[57chevy]

What mike means is they are selling electronic shares that do not have a certificate to back the stock,basically they are selling air to people,the only way we would know if they sold us something real is by asking for delivery of share certs.So buy all you can sold short because thats why we are able to buy so many cheap,this will change once deal is in play.

Help someone that is not that sophisticated and tell me why I should care.  If I buy through someone like Scottrade, which I do, and then sell through them - am I really at risk not getting my money?  Doesn't Scottrade have to cover their MM's issues?

[TradinonUp]

I bought mine through E Trade, so what you are saying is they may not deliver on the price if and when it escalates.  I am a little concerned.  Is this whole system of stock purchasing that corrupt.  Should I order the Share Certs to be safe.  Should all of us order share certs to be safe?

[Mike Gold]

I bought mine through E Trade, so what you are saying is they may not deliver on the price if and when it escalates.  I am a little concerned.  Is this whole system of stock purchasing that corrupt.  Should I order the Share Certs to be safe.  Should all of us order share certs to be safe?

Etrade have historically been one of the WORST offenders. (NITE=Fraud)

[Usual Suspect]

If you order your certs you will get them over time but it may take more than the two weeks that they are required to get them to you.  After you order them they will be deducted from your account and you will not be able to trade the stock until you recieve them from the transfer agent.  Then a bigger problem developes.  There has been changes in the SEC regulations concerning penny stocks.  As a result your certificates may not be able to be deposited into your account or any account so you can trade them.  I ordered out my certs in CDCH two years ago.  I have accounts with Schwab.  It took seven weeks to get the certs after a number of heat calls with them.  In December I tried to put them back into my account.  They said because of the new rules they would not take them back even though I had bought them through them.  I contacted small brokerages here in town and the large national ones.  Only one firm would take them and only after I produced all of the purchase data.  Certs maybe great if you want to vote at a shareholders meeting or if there is a tender offer.  If you want to trade the stock, keep it in your brokerage for now.

[The Rod]

I bought mine through E Trade, so what you are saying is they may not deliver on the price if and when it escalates.  I am a little concerned.  Is this whole system of stock purchasing that corrupt.  Should I order the Share Certs to be safe.  Should all of us order share certs to be safe?

Medinah did just that, asked all the shareholders to register their certs.  It was back around 2000.  After that they declared a 20% stock dividend.  Here is some of the related info from the website :

Informational notice for shareholders of Medinah Minerals, Inc.

To all the Shareholders holding restricted Medinah Minerals dividend shares

On May 1, 2001, Medinah Minerals, Inc. issued a special dividend of common shares to all shareholders of record. As the two (2) year restriction period expires May 1, 2003, Medinah will NOT be requiring a Legal Opinion be given to the Company’s Transfer Agent after May 1, 2003 in order for shareholders to remove the restriction and therefore successfully transfer these shares.

[TradinonUp]

If you order your certs you will get them over time but it may take more than the two weeks that they are required to get them to you.  After you order them they will be deducted from your account and you will not be able to trade the stock until you recieve them from the transfer agent.  Then a bigger problem developes.  There has been changes in the SEC regulations concerning penny stocks.  As a result your certificates may not be able to be deposited into your account or any account so you can trade them.  I ordered out my certs in CDCH two years ago.  I have accounts with Schwab.  It took seven weeks to get the certs after a number of heat calls with them.  In December I tried to put them back into my account.  They said because of the new rules they would not take them back even though I had bought them through them.  I contacted small brokerages here in town and the large national ones.  Only one firm would take them and only after I produced all of the purchase data.  Certs maybe great if you want to vote at a shareholders meeting or if there is a tender offer.  If you want to trade the stock, keep it in your brokerage for now.

Thanks for the info, I just spoke with them regarding that.  I assume that as long as there is a market for buyers, they will be sellable.  Thanks

[The Rod]

I bought mine through E Trade, so what you are saying is they may not deliver on the price if and when it escalates.  I am a little concerned.  Is this whole system of stock purchasing that corrupt.  Should I order the Share Certs to be safe.  Should all of us order share certs to be safe?

Medinah did just that, asked all the shareholders to register their certs.  It was back around 2000.  After that they declared a 20% stock dividend.  Here is some of the related info from the website :

Informational notice for shareholders of Medinah Minerals, Inc.

To all the Shareholders holding restricted Medinah Minerals dividend shares

On May 1, 2001, Medinah Minerals, Inc. issued a special dividend of common shares to all shareholders of record. As the two (2) year restriction period expires May 1, 2003, Medinah will NOT be requiring a Legal Opinion be given to the Company’s Transfer Agent after May 1, 2003 in order for shareholders to remove the restriction and therefore successfully transfer these shares.

Here's some more on the dividend.

http://www.medinah-minerals.com/newsreleases/April20,2001.html

[The Rod]

I bought mine through E Trade, so what you are saying is they may not deliver on the price if and when it escalates.  I am a little concerned.  Is this whole system of stock purchasing that corrupt.  Should I order the Share Certs to be safe.  Should all of us order share certs to be safe?

Here is the info on the original share certificate registration / renewal to thwart the shorts :
http://www.medinah-minerals.com/newsreleases/April20,2001.html
Medinah Minerals, Inc. - News Release

Medinah Mining, Inc. Name Change and Reverse Split

Lake Elsinore, CA., February 28, 2001 . . . Management of Medinah Minerals, Inc. announces the results of the Extraordinary General Shareholders Meeting held February 19, 2001 in Las Vegas, Nevada.

The following resolutions were unanimously approved by the Company’s shareholders:

        1. To amend its Articles of Incorporation by changing the name of the Company to Medinah Minerals, Inc.

        2. To effect a reverse split of the total issued and outstanding shares of the Company on the basis of 1 to 1.01, and issue new share certificates bearing a new CUSIP number.

As a result of the adoption of the above resolutions, the shares of Medinah Minerals, Inc., CUSIP #58489M 10 9, will trade on the OTC Pink Sheets effective March 1, 2001. The stock trading symbol for Medinah Minerals, Inc. will be MDMN.

Every beneficial owner of Medinah Mining, Inc. shall have until April 30, 2001 to surrender their certificates to the transfer agent and exchange them for new certificates of Medinah Minerals, Inc. bearing the CUSIP #58489M 10 9. Any shares not presented prior to the expiration of the sixty (60) day period shall be deemed to be null and void and the beneficial owner of such shares shall have no further rights as a stockholder.

The transfer agent to effect the exchange is:

                American Registrar & Transfer Company
                342 East 900 South
                Salt Lake City, UT 84111

                Tel: (801) 363-9065
                Fax: (801) 363-9066

[SUPERDOW]

Is there any advantage to having your shares in certificate form if there actually is a short squeeze. These squeezes can be over almost as soon as they start and it could take weeks to get certs back into an acccount so as to particpate (by selling). I assume that I can't just go to an ameritrade office, show them the certs, and make a trade....

The only advantage I see is if the shorters go bankrupt and can't cover their positions and some people are left with phantom stock in their accounts.

I have quite a few shares in cert form. Will I have trouble returning them to my ameritrade accounts now?

[Handshake]

MMs building inventory, why would somebody sell this close?

[roundmot]

In a word, Monk - JMHO

[whatever]

Moly just keeps going up. Now $18.25. It can't hurt. http://www.infomine.com/investment/historicalcharts/showcharts.asp?c=molybdenum

[Handshake]

In a word, Monk - JMHO

R u saying monk is selling?

[uneverknow]

In a word, Monk - JMHO

R u saying monk is selling?

I sent Monk a PM yesterday making him aware of the events in Chile.  His simple response was:

"interesting"  IMO he's not selling.