Medinah Minerals (MDMN)

[DonD]

I have 3 accounts with them. Each account has Medinah shares and Medinah dividends in them. Etrade asked for a $150 service fee plus an $85 TA transfer pass through fee for each account. Over time they agreed to take a $35 service fee plus the TA fee for each account. I know some other Etrade customers who paid as much as $150 per account and a few who (because of the number of trades they make) were charged no service fee.

If you wish to have the restriction removed from the dividend simply call and speak with a Etrade rep and have them send you all the paperwork needed to request Etrade submit the dividend to the TA to convert them to tradable shares. Make sure they send you the form that Medinah provided on the Medinah web site. (They sent a copy to me and it has some of the fill in blanks marked out by Etrade because they don't want you to fill in the blank that is asking for the Cert to be put into your name and removed from street name.) Once you return the forms to Etrade it will take as few as 10 to 14 days for Etrade to send the paperwork to the TA and the TA to clear Etrade to show the dividend shares as tradable. This has become a much faster process now that the DTC flooding issue has been address to the satisfaction of Medinah and the TA. It took me months from the time I sent in the request until the restriction was removed.

Good luck...