SH>    For some reason I can't get MSGED to notice my lastread pointers 
 SH> in *.msg bases.   When using a SQUISH base everything is fine.  Have I 
 SH> missed  something?  I'm using Maximus 3.01/2 and Msged/2 v4.10.  Any help

I had the same problem, though my environment is 16-bit dos.  The fix as
suggested by several here was very simple, you might try it first.
In MSGED.CFG, after your Name, add "lastread 0".  example:

   ----- MSGED.CFG begins -----
; Msged configuration file

Name "David Bobo" lastread 0
Address 1:112/110{at}fidonet

It works here.

 - dave
@EOT:

--- Msged 4.10