Name change alert! Doesn't look good.... What do others think? What happened to UDVE dividends???
Posted by OnceApenny on :
Loose $ 600,00 on this. have now 28 share of MDGM. Feel like i'm F****cK in the A. Think we should have a DD (drop dead)list on this board. First one will be: 1. UDVE . 2. WHLI Still have 14 more reverse split S*ckers in my account. That's why my nick is...... Hope UNQT tells another story.
Posted by driftwood on :
Sorry to hear that, I agree, we need a BB list (BAD BOY) this is where people can only bash a drop dead stock
At one point I had 160,000 shares at .0029 but I bailed when it got down to under .0019, I was thinking about getting back in at .0008 glad I didn't!
Posted by OnceApenny on :
After all it was a good decission driftwood. The divvy announcent was sounding too good. Normally pps should run, but it didn't. I think after latest PR, insiders started heavy selling, and I thought they were going to Australia for better opportunities.
Posted by DirtyDealer1123 on :
"Hope UNQT tells another story"
OnceApenny, Dont feel alone! All I know is Ill be damned if I cash out on this for $20 after comish. And cant do anything besides hold this P.O.S. Either it goes up (yeah right) or I can put this in the same section as GVRP.
Posted by DirtyDealer1123 on :
Does anyone elses portfolios look starnge today? My UDVE dissappeared, and instead of it showing MDGM, it shows UNITED DEVELOPMENT INTL stock symbol: 910189109 . But get this the PPS is showing $2.00. And Its the same exact amount of shares I had before the R/S! God I wish i could sell right now! 370,000.00 !!!!
Posted by OnceApenny on :
Record mining PR0FITS and industry-wide merger mania positions<P>
UDVE with huge reserves and expanded production to jump 500%.<P>
Our precious metals and mining HOT-PICKS for the last 12 months have gained an average of 476%?e are expecting earth-shattering news that will send shockwaves through our latest pick UDVE.<P>
UDVE controls 3 of the largest gold mining properties in Guyana (South America) including a 25-mile property with proven, verified reserves exceeding 400,000 ounces of gold valued at over $100 MILLI0N<P>
The Company is in a rapidly expanding state of gold production while generating revenue and positive cash flow. UDVE has literally struck gold with major funding news announced last week that provides $13 MILLI0N for the purchase of additional mining equipment enabling accelerated production and record breaking PR0FITS.<P>
UDVE's breakout year is perfectly timed and will not go unnoticed as PriceWaterhouseCoopers' head mining analyst, Paul Murphy, stated just last month; "We seem to be at the start of the first mining boom of the twenty- first century." This statement accompanied a PriceWaterhouse report detailing the record doubling of PR0FITS for mining companies in 2003 with an even brighter outlook for 2004.<P>
Hot gold stocks are no longer taking a back seat while merger and takeover activity is on the rise. Investors have scored major gains on several recent highly-publicized battles for control of well-positioned gold producers with similar structure to UDVE.<P>
REUTERS Newswire reported last quarter that mergers and acquisitions in gold mining companies are being completed at a record frantic pace with the expectation of this trend increasing. Large-cap fund managers and securities analysts agree that the junior mining GR0UP is especially more vulnerable to a b?y-out or takeover scenario in today's healthy mining environment. UDVE is viewed as a serious takeover target based on their $140 MILLI0N revenue forecast, as the price for this undervalued asset play has not even come close to reaching its true potential.<P>
Judging by the numbers, the value of UDVE's proven reserves should push the share price higher with greater upside expected to match their fast-paced growth. UDVE has been heating up the newswire with batches of positive developments regarding production, reserve valuations, and additional property acquisitions. Combine these activities with classic evidence of 60- day accumulation and it's blatantly obvious that huge news is about to be released that will have an explosive impact on shareholder value.
How the the world can change in one year. Even can't find any info about "Mindenao Gold Mining Corp"
Posted by pgolden on :
anyone else have any info on this one ????
Posted by OnceApenny on :
On july 04 I sent this mail to rob doherty [unitedsharecorp@yahoo.com]
Dear Management
As a shareholder of United I'm concerned about the change in company name. What will happen with the early anounced dividend. The transfer happened so suddenly, and there was no anouncement, so shareholders didn't get the time to consider there investment in UDVE. Even I can't find any info about MDGM. For now it's for me a Fake company, but with this mail I hope you can explain what's going to happen in the future.
Today I received this message:
We are still committed to the dividend to shareholders of record as of june 30 05 only it will be deliverd through the private company which the assets were transferred to, when we receive our assets
That's all.
So I think there is still something to happen.
Posted by BchOus on :
Thanks for your info!
Posted by OnceApenny on :
Mindenao Announces New Management; Issues Statement about United Development International (UDVE)
Business Wire via COMTEX
Jul 20, 2005 8:43:01 PM
BLAINE, Wash., Jul 20, 2005 (BUSINESS WIRE) --
Mindenao Gold Mining Corp. (Pink Sheets:MDGM) acquired the public shell from United Development International and successfully completed a reverse merger. Mindenao is an independent corporation based in Blaine, Wash., with mining operations in Mindanao, Philippines.
Robert Doherty, president of United Development International, is not connected to Mindenao in any form whatsoever. No staff from United Development International was retained.
United Development International now exists as a private entity. Doherty can be contacted via telephone at 250-572-3520. This is the only information that has been made available to the company. All questions concerning United Development International and the dividend should be directed to the number above.
Mindenao operations in the Philippines are managed by Nestor C. Buenaflor. The company fax number is 614-417-8319 and the company's e-mail address is investors@mindeano.net.
About Mindenao Gold Mining Corp.
We can Say Bye bye to our divy and money
Posted by OnceApenny on :
Mindenao Releases Share Structure, Geological Report and Imagery Maps
Business Wire via COMTEX
Jul 21, 2005 7:30:06 AM
BLAINE, Wash., Jul 21, 2005 (BUSINESS WIRE) --
Mindenao Gold Mining Corporation (Pink Sheets:MDGM) share structure is as follows. The company has approximately 20 million shares outstanding. 10 million shares are restricted and about 9.75 million shares are free trading shares. The companies transfer is National Stock Transfer and can be contacted at anytime for the share structure.
Mindenao operates in the Philippines under the company name Siennalyn Gold Mining. The company has rights to mine on more than 4,700 hectares of land, which is equivalent to 11,617 acres, in one of the richest island groups in the Philippines. This island group contains more than 80% of the countries iron reserves and sizeable deposits of the countries gold and other precious metal reserves.
There are more than 54 pages of documentation. The company urges all investors to thoroughly review all information and to contact the company with any questions whatsoever at Investors@Mindenao.net.
A number of world-class MNC's operate in the Philippines. This list includes Lepanto Mining, Indophil Resources, Placer Dome, Philex Gold, Anglo Gold, TVI Pacific, Benguet Corporation and Maricalum Mining Corporation.
Mindenao operations in the Philippines are managed by Mr. Nestor C. Buenaflor. Mr. Nestor Buenaflor can be contacted by calling 63-920-380-8766
About Mindenao Gold Mining Corporation
Mindenao Gold Mining Corp is a professional gold mining company that owns gold mining operations in Mindanao, Philippines, one of the richest areas in the Philippines and in Asia. The company has proven gold reserves, setting itself apart from the majority of other companies. Documentation on the company can be found at http://www.rbic.us/philippines/sgmc/scan/ Posted by IWISHIHAD on :
I do not understand how a publically traded company goes private with all its asssets and sells only the right to trade as a penny stock. I have tried that phone number with no luck. You might want to conntact the SEC at (202-551-6551) or email them.
Posted by OnceApenny on :
This taste as a crooked business. If it is so easy to do a R/S in one day and disappear with all the assets, you are a legal bankrobber. Isn't it?
Posted by IWISHIHAD on :
This event is even unique for a penny stock. Can someone in the Blaine,Wash area get a phone number and address for MDGM.(I love it, invest in my company but I don't want you to have a phone number or address for our United States office). Does anyone know the last address for UDVE.
Posted by Double Diamond on :
All,
I just signed up over here after I googled for MDGM, UDVE.
I have 4.5 million UDVE share (well should I say ... had).
Any of you had any further info ? I mailed to Doherty weekly and don't get any replies (only one stating that he'll pay - but not how much). Today I've send a mail to MDGM :
Dear,
I became a shareholder of your company through UDVE. My 4.5 million shares which costed me a lot of money, became a small 451 shares of MDGM. Looking at the way things went, looking at the PPS : I didn't ask for this and I feel to be the victim of a scam.
Some facts :
UDVE pumped with numerous PR's their stock (cash dividend of $ 0.00575/ UDVE share - 100 million retiring of stock).
Without prior notice you reversed merged into UDVE. The assets of UDVE went to a so called private entity.
Mr. Doherty resigned out of UDVE, but is still the contactperson. Numerous mails and calls to Mr. Doherty, are unanswered.
Your company states to have nothing to do with UDVE.
Dilution of stock by you (you started with an O/S of 20 million and now, within short notice, you already made public statements that the O/S was raised to 44 million)
I hope you understand that I question the so-called 'we have nothing to do with UDVE'-statement and that I would like to receive some answers from you.
1. Why did you just not IPO ? You claim to have the goods (ref your several PR's). Why then reverse merge into a pinksheet stock like UDVE ? I claim to own about 1 to 1.5 % of UDVE with my 4.5 million shares. It seems that I have no rights to it. UDVE took his assets private leaving me standing in the cold (this is called theft). I question the action that was taken by UDVE, and I question the fact that I became a shareholder of your firm. Taking part in this operations, you must have known that there are legal risks involved. Why would you take those risks knowing that you just could have IPO'd under a new, not polluted symbol ? Pls. explain, because I do not understand this ?
2. You claim to have bought the shell of UDVE ? How much did you pay for this to UDVE or any other person ? Was this in cash and/or stock and/or claims ?
3. You gave mail address and telephone number of Mr. Doherty. As he seems to be totally uninterested in what his shareholders ask him : do you have any other addresses, e-mail addresses, persons that can be contacted ?
4. What was the O/S of UDVE when you took over ? You claim to give full transparency (ref your PR's). This must not, together with my other questions, be so difficult to answer to one of your stockholders.
5. Why are you 'expanding' your O/S so drastically ?
6. Doherty claimed some weeks ago in one mail of mine that was answered, that we were going to be paid. Any news on that ? You must receive enough complaints from shareholders like me not to be in contact with Mr. Doherty.
I hope to receive answers from you asap.
Kind regards,
DD
If I get a reply, I'll post it.
Posted by Double Diamond on :
I'm posting as well my one way communication with Doherty (July - August):
Dear,
Any news ?
DD
DD wrote:
> Mr. Doherty, > > Any comments ? > > DD > > DD wrote: > >> Dear, >> >> Still no answer + in the mean time I've seen that you've given us a stock that went to ... 0.055. >> >> Mr. Doherty, I seriously start doubting the integrety of MDGM, UDVE and you. >> >> DD >> >> DD wrote: >> >>> Dear, >>> >>> Thanks for answering me back a while ago. After reading the PR's of Mindenao Gold Mining however I'm confused. >>> >>> I get their stock (450 shares), but had no intention to invest in them. Your entitiy (wrongly referred to still as United Development International in the PR of the 20th of July) will still handle questions on the dividend. The questions asked get a very short answer. What is going on ? I would only like to get clarification on the following : >>> >>> Could you pls. confirm to me that in the near future (read : within a reasonable time) I will get $ 25 875 as a cash dividend paid to me via my broker coming from your entitiy (4.5 million UDVE shares * $ 0.00575) ? That is what was promised in your PR's. >>> >>> Kind regards, >>> >>> >>> DD>>> >>> >>> rob doherty wrote: >>> >>>> We are committed to delivering dividend to united shareholders of record as of June 30 05. Date of delivery is still undetermined >>>> >>>> *DD wrote: >>>> >>>> Dear, >>>> >>>> 3rd time. Anybody out there ? >>>> >>>> Regards, >>>> >>>> DD >>>> >>>> DD wrote: >>>> >>>> > Dear, >>>> > >>>> > I've send you the mail below last week. I have not received an >>>> answer >>>> > yet. >>>> > >>>> > I've seen the MDGM shares in my account. Still, I'm worried >>>> about past >>>> > promises that were made to investors in regards to the cashdivy of >>>> > $0.00575/UDVE share. I hope you understand that I would like >>>> clarity >>>> > on this asap. >>>> > >>>> > >>>> > I have as an extra following questions on top of the ones mentioned >>>> > below : >>>> > >>>> > * Does the following quote out of the PR last week refer to the $ >>>> > 0.00575 divy and will you pay this and (if yes) by when ? 'Also, >>>> any >>>> > future payouts announced previously in United will be the >>>> > responsibility of United Shareholders Holding Corp."- >>>> > >>>> > * Why did these actions take place (Mr. Doherty leaving/ Reverse >>>> split >>>> > to MDGM/ etc.) ? >>>> > >>>> > * The O/S published on the pink sheets was it correct >>>> (448,195,430 as >>>> > of 2005-06-08 Estimated Market Cap: 179,278 as of 2005-06-28 >>>> (based on >>>> > Outstanding Shares as of 2005-06-08) ? >>>> > >>>> > * What is the O/S of MDGM ? What percentage has your holding in it ? >>>> > >>>> > * Is there an IR person for your organization and/or for MDGM ? >>>> > >>>> > >>>> > I hope you can answer me asap. The lack of further information >>>> is at >>>> > this moment not appreciated by me, nor by any other investor in >>>> your >>>> > company. I would be grateful that you communicate on this and that >>>> > past errors in PR's under the UDVE-flag would not be repeated (I'm >>>> > referring to the statements made on assets). >>>> > >>>> > To be open towards you : I have posted last weeks mail on several >>>> > message boards and will do so with this one and your answer(s) >>>> as well. >>>> > >>>> > >>>> > Kind regards, >>>> > >>>> > >>>> > DD >>>> > >>>> > >>>> > >>>> > DD wrote: >>>> > >>>> >> Dear, >>>> >> >>>> >> I have currently 4.5 million shares of UDVE. I saw the sudden >>>> >> communication yesterday. Could you assist me in the following >>>> >> questions : >>>> >> >>>> >> 1. Will UDVE still be tradable ? If so, till when ? >>>> >> >>>> >> 2. When will the $0.00575 dividend be paid ? >>>> >> >>>> >> 3. How many shares of MDGM will we obtain ? >>>> >> >>>> >> Could you reply to both e-mail address stated, pls. ? >>>> >> >>>> >> Thanks in advance, >>>> >> >>>> >> >>>> >> Kind regards, >>>> >> >>>> >> >>>> >> DD >>>> >> >>>> >> >>>> >> >>>> >> >>>> > >>>> > >>>> > >>>> >>>>
Posted by oops on :
anybody report these *******z
Posted by Double Diamond on :
yep, i send my findings to the sec the 27th of July. Got the usual 'discretion' clause. Send in a second letter the 4th of August.
Had some 10 pages of DD attached to it. Had better done my DD good the first time, then I would not be in this mess.
rgds,
dd
Posted by BuyTex on :
read your thread, but am still unclear on something that relates to one a group of us have problems with: after the r/s, was the price of this stock adjusted in proportion to the r/s ratio?
Posted by Double Diamond on :
BuyTec,
There was a r/s of 10000. UDVE traded at 0.0002 when the r/s was performed. This ment that the value of one MDGM share was $2 when trading started. If you look at the chart you'll see that it immediately entered at $1.5 dollar.
So answer to your question : no.
2nd remark : MDGM has got nothing to do with UDVE (well they claim). So, assets are ... gone.
3rd remark : the O/S I calculated based on the divy pay-out was approx. 320 million. MDGM entered with 20 million O/S the market, which means that if the R/S was done properly that there was an O/S of 20 billion (while the firm (UDVE) stated itself in May that the O/S was +/- 420 / 440 million).
Posted by BuyTex on :
so, the r/s was 10,000 shares became 1?
& the pre-r/s pps was .0002
did MDGM ever show a quote for 2.0? Or when it re-appeared, it was already at $1.50, having never, ever been quoted at $2.
Did anybody talk to the transfer agent re O/S?
Thanks, sorry to be dense, but it's important I get the facts straight...
Posted by IWISHIHAD on :
Hopefully there are more of us sending inquires to the Sec. The more people involved the better our chances.I'm wondering because of the way this transaction evolved that maybe we should be contacting state and federal agencies including the IRS.
Posted by BuyTex on :
Those of us fighting the gvrp/mamg scam write/call to everybody we can think of (SEC/NAD, Senate/House banking/finance commitees, state agencies, etc; make formal complaints, succinct as possible, citing pertinent regulations when available. The more traders who do this on all isssues, the better, imho...
Posted by IWISHIHAD on :
Sorry BuyTex I didn't reply to your questions. I have not checked into this information myself, but I did check on the area code number 250 given for the president of UDVE which is Kamloops,British Colombia. The location of the offices of MDGM is Blaine,Wash. just on the other side of the border(quite a coincidence).There is a listing for the name listed as the president of UDVE in Kamloops,BC. but I have not called to see if it might be the same person. Hopefully some investor in the Blaine,Wash area will stop by MDGM and get there phonenumber to add to information when we file complaints.
Posted by Double Diamond on :
BuyTec,
It showed $2 when it started, but never got sold. Dropped immediately to ... 1.5 and is now ... 0.055.
If you have reference to official authorities to whom I can file a complaint, I would be gratefull if you could point me in the right direction. Being European and living in Belgium makes it not so easy to understand to whom to turn too.
Iwishihad (well, I wish I didn't (LOL),
Is the president R. Doherty ?
Rgds,
dd
Posted by Double Diamond on :
BuyTec,
Forgot this :
In regards to the O/S : didn't talk to the TA, but did some work by myself. This is copied out of my complaint letter to the SEC and was based on some PR's in May, June 2005 (remark : UDVE made official statements that they would payout the full $2.1 million to their shareholders).
***************
Based on the $ 2.1 million that were going to be distributed (first PR) the O/S should have been : 2100000/0.005 = 420 million.
After retiring 100 million shares the PPS was 320 million. The dividend should have gone up to $ 0.00656 (2.1 million / 320000000). Instead it went ‘only’ to 0.00575 (which would indicate an O/S of 365 million shares). This was the second strange element in regards to this stock that struck me. ****************
The O/S published on the pink sheets was 448,195,430 as of 2005-06-08 (but out of experience I know this one sometimes to be incorrect).
Posted by BuyTex on :
sounds like you guys definitely got some valid complaints, especially for your divvies...have you gotten any official feedback?
Posted by Double Diamond on :
yeah the reply I got back is the similar one others had (probably just copied and pasted).
"We are committed to delivering dividend to united shareholders of record as of June 30 05. Date of delivery is still undetermined "
By the way : congrats with your 3000 th post.
Posted by BuyTex on :
See what NASD "Market Integrity" says about courses of action you have...just a thought.
DD, I am an UDVE shareholder and the only one reply that I have received from Doherty is dated July 11. "Date of delivery is still undetermined", when have you received this one?
I am confident again because I think RD is coming back on the market and he needs a good reputation IMO.
rgds
Posted by Double Diamond on :
Stokker,
This dates back from 07/12.
Do you have more info on RD ? Coming back as ... ?
By the way, I don't share your confidence + even if we get the divy, we were pushed out a company like that.
Only positive point so far is that noone can call me a basher (UDVE no longer trades LOL).
FYI found this last week. Article dates from the beginning this year and shows RD's reputation is already gone down the drain.
UDI Resources Admits “No Gold Discovery”
By Tim Wood 26 Jan 2005 at 10:00 AM EST
NEW YORK (ResourceInvestor.com) -- We put UDI Resources [UDVE] through the grinder last week for its amateurish rope-a-dope. To be sure, not everyone was happy about it. Well, too bad because the press release that put us on the trail was indeed a lot of bunkum.
There was no “discovery” and there was no 5 ounce per ton gold intersection at the company’s joint venture English Bay property.
Company president Robert Doherty was fuming when he finally returned our messages the day after the story ran. His complaints about being “*******ized” by Resource Investor found no sympathy though given that he could not answer basic questions that he knew we had already asked.
He said he hadn’t seen the drill data recently so he wasn’t sure of the specifics. So how do you put out a press release with facts you can’t confirm immediately? He could not answer satisfactorily but eventually fell back on being extremely busy closing a number of transactions.
We offered Doherty unlimited space and time to defend himself and his company, but the offer has not been taken up. The invitation stands in perpetuity to any director of UDI Resources – you are welcome to substantiate the many claims in your press releases.
Anyway, Doherty faxed us the drill results, such as they are. He also phoned in a mea culpa that the press release was wrong by a factor of ten - it wasn’t a 5opt intercept, but a 0.5opt intercept.
The rest of the results are nothing that would excite the market. In fact they rain humiliation down on UDI’s revenue extrapolation which was intended to infer that the 5opt number represented sufficient continuity so that thousands of tons might be mined for staggering profits.
We passed the results on to independent investment geologist Brent Cook for an expert opinion. He responded: “Reviewing the English Bay “data” here’s my guess. 3 holes in 97, 1 hit. 13 holes in 99 #16 his anomalous values; most likely very tight “twin” to first hit. 10 holes in 2000 w/ one hit of 0.1oz/4’ again most likely aiming at the same pod as previous hits. 8 holes in 2001 again one hit of 0.5oz/4’ and my bet same pod. There are no drill hole locations but given 3 hits out of 34 holes and the stated lack of continuity …well you got the picture. Further, this geologic setting is not conductive to large deposits but small shears associated with minor tensional zones.”
UDI has not issued a retraction of that press release since confirming to Resource Investor that the data was wrong.
When we asked Doherty if he was concerned about attracting regulatory trouble, he immediately shot back that he was covered by disclaimers as well as the loose rules governing pink sheet companies. Not likely. The Securities & Exchange Commission doesn’t allow “truth exemptions” for things like drill results.
This is not the first pink sheet mining play that we’ve caught gilding the lilly and it won’t be the last.
BuyTex,
thx for the info, will look into this.
Posted by Double Diamond on :
BuyTex,
Filed a complaint. Thx.
Posted by stokker on :
I think that there is a reason if RD constitutes United Shareholder Holdings Corp. and is still promising the divy, on the contrary he should have can do like AFRD/GBMS and many others r/s without declaring and promising nothing IMO.
Somebody knows if the SEC is investigating this case?
thanks
Posted by Double Diamond on :
Stokker,
I at least send them a mail. I would hope they picked up on it.
Posted by stokker on :
DD, when the SEC investigated MLON imposed to Mario Pino to publish that every precedent news was fake, why nothing is happened to RD?
I think a lot of people send them a mail since may when the divy news was published first time, but the SEC has never officialized an investigation about UDVE till now.
I think the patient will be rewarded IMO.
Posted by Double Diamond on :
Stokker,
I hope your right. For me its a difference of $ 25000.
Posted by stokker on :
DD, it will be a founded reason if RD has constituted a society called United Shareholder Holdings Corp. or not?
If he wants only steal us the money why declares that?
He could do like AFRD/GBMS or WFTV/WTVN etc. only the r/s, declaring nothing more.
Don't despair.
Posted by IWISHIHAD on :
The way UDVE stop operations a R/S would not affect anything. It would mean less shares divided into the same amount of money, meaning more money per share.
Posted by stokker on :
Yes I know, but it isn't like GBMS ... etc. whose the principal objective is steal you the money!
Posted by IWISHIHAD on :
I hope you're right Stokker. But there are several things that bother me. 1. Why no commmunication to investors. 2.How do you take a public traded company and transfer funds into a private holding. 3.If there is a dividend and its not made public, how will we know? If the dividend is distributed thru brokers and if they shorted this stock they are not likely to tell us.
Posted by Double Diamond on :
Iwishihad (I wish I didn't - can't let it making that remark),
I follow you on this. I'm worried. If you know as well that I tried several times to get in contact with RD and only got the one sentence reply back, ... It only strenghtens my fear that we've been scammed.
Still no reply from MDGM.
Posted by stokker on :
DD'n IWI, let pass the summer, the gold is attempting its highest since mid-88 and I think RD has not received the assets because wants obtain the maximum price.
He have the complete shareholders list and when will cash it he will communicate us by email and will pay us like a normal divy through brokers IMO.
DD, you will see no reply from SEC, too.
Posted by pgolden on :
we will see about that.....i doubt i will see any form of divy from this company....i am out alot of money too
Posted by stokker on :
MDGM is controlled indirectly by RD, IMO.
There is a direct highway between Kamloops BC and Blaine WA, if you see a good local map you understand that is a new easy play for him.
RD has created a public vehicle on a old philippinian mine gold controlling the play from Kamloops, IMO.
Posted by Double Diamond on :
Stokker,
Don't believe so. It stated that he had nothing to do with MDGM in the pR's.
But if he did, he controls by dilutting our part. There is now 44 million O/S of MDGM. Multiply by 10000 and you get 44 billion of old UDVE versus the +/- 400 million O/S of UDVE.
Posted by stokker on :
DD, MDGM is going down slowly towards 0001 with probably another r/s (without divy this time!) and don't believe to the 44M O/S because they are changing day by day, maybe today are 70M, when the stock price will be 0001 the O/S will be 1B.
The July 1st MDGM started with only 10M, do you remember?
RD has resigned from Greyfield Capital(look at GRYF situation!) to follow: 1)the cash of UDVE assets 2)the MDGM joke 3)an official return on the market! IMO
Posted by IWISHIHAD on :
Stocker I' having a little trouble following where your going. It appears that you have an inside track to UDVE and MDGM can you elaborate? 1.It is almost the end of summmer. 2.I have sent many E-mails to UDVE with no response and made many phone calls to the number that was listed and no one picks it up. Do you know what state MDGM is incorporated in? Do you know what state or county it is license in? I have been doing a little more research and at this point things don't add up, but im not done. Double Diamond ----Im with you IWISHIHADN'T
Posted by cyclekitty1 on :
I think this one is pretty clear. I had a $1500 invesment in UDVE now I have $4.50 investment in MDGM.
Posted by stokker on :
IWI, you haven't received any email and phone response because there isn't nothing to write or to say till now. When the assets will be received somebody will reply by email and response at the phone, IMO.
The finance world is of few words, only the money count!
Address: Blaine WASHINGTON State Incorporation: OREGON State (go to pinksheets.com - MDGM company info)
Posted by IWISHIHAD on :
If your interested in finding out more about UDVE-MDGM go to Oregon Secretary Of State- Corporation Division and put in Mindenao Gold Mining Corporation. Click on 'Mailing and Merger Information'.
Posted by stokker on :
IWI, have you seen the adress...KAMLOOPS!!!
Do you remember the highway KAMLOOPS-BLAINE?!!!
The business is indirectly in RD hands, again.
Who is right now?
Posted by IWISHIHAD on :
STK what do you mean by again. It appears by the document I have that the merger transaction date was 6-24-05 which appears to be 11 days after MDGM became a corporation.
Posted by stokker on :
Is not a case that:
1) RD resigned from GRYF,
Posted by IWISHIHAD on :
STK- Your obviously trying to justify their actions whatever your reasons. My concerns are 1.The dividend. 2.Share stucture given to investors at the time UDVE supposedly separated into a private entity on July 20,2005. The secratary of state corporate division in oregon states they were merged in some way June 24,2005. Again what portion of MDGM should have been given to shareholders of UDVE? This question was asked by another person on this post.
Posted by stokker on :
(sorry) ...the July 1st (go to the GRYF news as of 07/05) just in time before the actual crack.
2) July 1st closes with United Dev. and starts with United Shareholders Holdings Corp.
3) July 1st starts indirectly with MDGM.
I think we will see many others surprises shortly.
This is the finance of the new century.
Posted by stokker on :
I sold my UDVE shares at $1.5 on July 2nd when my broker registered the name change because to cash the divy was important to mantain UDVE shares till June 30th at the market close, this is the question.
If you have UDVE shares sell today because is not important for the divy purpose, MDGM is another entity.
RD also sold the first week of July at $0.7-1.5 450-500M shares, do you remember the multiple 2500-5000 blocks?
Were 25M-50M of UDVE shares!
Posted by Double Diamond on :
Stokker,
I don't know where you get your info from, but
1. I will not sell, bacause my 450 MDGM's are worth nothing. Plus, who says that I can sell without loosing the divy ?
2. If RD sold, then I'm really worried. Plus : 450 to 500 M was never traded that period. If you mean thousands, ok ...
Are you connected to UDVE/ RD in any way ?
Posted by stokker on :
DD, I'm not connected, I only remember times&sales of the first trading week, pay attention, I say:
RD sold 450-500M in multiple 2500-5000 blocks that correspond at 25-50M shares before the 1/10000 r/s, he gained about $50000 only because sold when the price was around $1, the today's value should be $2000! (50000 shares x 0.04)
Furthermore, if you remember the first trading week there were only sales and none buys, because me and many others have reasoned in this way, following the RD sales.
Unless the RD's blocks, the others were only in 100-200-300-400max500 size, the old little investors like us that sold the 1M-2M-3M etc. UDVE shares.
The most important thing is to have not sold before 06-30, not mantain MDGM shares, I'm not interested if you don't want sell, you have achieved yet the divy rights the 06-30 afternoon at the market close!
MDGM has nothing to do with UDVE directly, the shares that you have are only MDGM shares and nothing more, going to 0001 and to another r/s, IMO.
Posted by Double Diamond on :
Stokker,
Do/did you hold your UDVE's in certificates ? I didn't. Wouldn't this form a problem when the divy is paid ?
Posted by Double Diamond on :
Stokker,
Look at Greyfield. Is RD tied up in other firms as well ?
Posted by stokker on :
DD, nobody hold certificates, it's not a problem absolutely, is the same thing like to have a normal NYSE's blue chip with a divy.
Indirectely, every connection is possible like in MDGM, IMO
Posted by stokker on :
The 0.043-0.048 was a fake base, the reality is that the price is dropping slowly, slowly ... towards 0001.
MDGM is surely a scam, because RD isn't directly responsible with his name like in UDVE, IMO.
Posted by stokker on :
I'm sorry, not slowly, slowly but quickly, quickly...0.031 printed!
Posted by IWISHIHAD on :
After reading Double Diamonds 8-15-05 post which states that UDVE had approx. 320 million o/s as of June. I read STK post that states Robert Doherty sold 450-500 million shares, I am wondering how many O/S shares were there as of June 30,2005.
Posted by stokker on :
IWI, the o/s declared on the pinksheets site as of June 30 were 448M. I say 450-500M approximately but surely nearest 500 or more because the last UDVE trading day (06/30) was a key day for RD: he raided shares till last hour of trading at 0003/0004 when the panic selling grew up for the r/s news (go to otcbb.com daily list as of 06/30) and don't forget that the daily volume was 70M, the highest of UDVE history, raided the 06/28 at 0004 too, IMO.
Posted by IWISHIHAD on :
STK The O/S shares would have to be over 500 million shares unless me you and the few people that have posted our the only investors that held UDVE stock. If UDVE had 2.1 million dollars to divide between 500+ million shares the divy number makes no sense. That was an interesting statement about RD.
Posted by IWISHIHAD on :
Stokker here is the bottom line qustion. Since you have the inside track with RD do you think that the divy will come before the first week in Sept 2005?
Posted by stokker on :
IWI, 1) RD has declared a minimum price of 2.1M, that means he has launched an auction with a minimum base, if has sold at +-3M divide +-500 here the divy with a sense.
2) I'm not an isider, I'm not fool, are simply my opinions.
Posted by stokker on :
IWI, RD only knows when will pay us the divy.
Posted by stokker on :
Best bid: 0.02...
I'm not a basher, i'm not an hypster, I'm not an insider, I'm not Nostradamus, are only 15 years that I play PK and I'm survived!!!
Posted by stokker on :
Subpenniland today, already?
Any idea?
Posted by Double Diamond on :
Answer from the NASD (sorry for the format that sometimes sticks words together) :
Dear XXXX :
This is to acknowledge that on August 17, 2005 the Market Regulation Department of NASD, Inc. received the regulatory tip you sent to the NASD website regarding United Development International (UDVE) and Mindenao Gold Mining Corp. (MDGM).
NASD's jurisdiction extends to our member firms and registered representatives. It appears from a review of your complaint that this matter is most appropriately addressed by the United States Securities and Exchange Commission (SEC). Therefore, I have referred this matter to:
Mr. Aldis Lapins, Branch Chief Office of Investor Education and Assistance Securities and Exchange Commission 100 F Street, NE Washington, DC 20549-0213 (202) 551-6336 www.sec.gov
Please feel free to contact me at (240) 386-5105 or through E-Mail at pat.clem@nasd.com if I can be of assistance in the future.
Sincerely,
Patricia A. Clem Assistant Director Market Regulation NASD, Inc. 9509 Key West Avenue Rockville, MD 20850 www.nasd.com
-----Original Message----- From: Regulation Tips Sent: Wednesday, August 17, 2005 2:20 PM To: Clem, Pat Subject: xxxx - xxxx(UDVE, MDGM)
-----Original Message----- From: xxxxxx Sent: Monday, August 15, 2005 10:19 AM To: Regulation Tips Subject: xxxxx - xxxx (UDVE, MDGM)
Date: 10:18:51 AM 8/15/2005
Anonymous Tip: No
Name: xxxx Address: xxxx xxxx- Belgium - Europe, xxxx Email: xxxxxxx Contact Time: via mail if possible
Nature of Regulatory Tip _______________________________
Name(s) of Entities Involved:
United Development International (Formerly Pink Sheets:UDVE) and Mindenao Gold Mining Corp. (PinkSheets: MDGM)
_______________________________
Name(s) of Individual(s) Involved:
Rob Doherty - UDVE
_______________________________
Name(s) of Securities Involved:
_______________________________
Date(s) and/or Period(s) of Activity:
_______________________________
Please describe the apparent abusive conduct and/or violations:
Dear,
UDVE (pinksheets) announced end April/beginning May 2005that a cash dividend of $ 0.005 was going to be paidafter they had sold some claims to an European Investmentgroup. At approx. the same time they retired 100 millionshares. Some days later they repeated in a PR that theywere going to pay the dividend (it had gone up to$0.00575/share for a total amount of $ 2.1 million) onthe recorded date of the transfer of funds to UnitedDevelopment.
In contradiction to what should have happened in myopinion the PPS, instead of rising, dropped. It even didnot get above the $ 0.00575. The volumes were significant(the last week of its trading UDVE had over103 millionshares traded).
Based on the $ 2.1 million that were going to bedistributed (first PR stated that all cash was going tobe distributed to the stockholders and that this was min.$0.005/share) the O/S should have been : 2100000/0.005 =420 million.
After retiring 100 million shares the PPS was 320million. The dividend should have gone up to $ 0.00656(2.1 million / 320000000). Instead it went 'only' to0.00575 (which would indicate an O/S of 365 millionshares). This was the second strange element in regardsto this stock that struck me.
A silence followed. The PPS got to the levels of 0.0007 -0.001. Then it crashed to 0.0002. At the 30th of Junetheir was an announcement that 'United DevelopmentInternational's (Pink Sheets: UDVE) board of directorshas transferred all assets of the corporation to UnitedShareholders Holdings Corp. and has sold the publicvehicle to a Philippine gold mining consortium. Thistransaction is effective July 1, 2005.'
The outcome is a 'reverse merger'. 10000 UDVE shares for1 MDGM share. Both companies claim not to have any linkswith eachother. For questions in regards to UDVE and thecash dividend only Mr. Doherty can be contacted.In a PR the 30th of July it was however stated that :'Further, as a requirement of the sale, Robert Dohertyhas officially resigned from United Development as of theend of business today and will not be a part of MindenaoGold Mining Corp.' So basically I'm in contact withsomeone who gave response once and who doesn't work forUnited and Mindenao.
Other point : when introduced MDGM stated to have an O/Sof ± 20 million shares, which would mean that therewere a potential 200 000 000 000 UDVE shares ? Sincebeginning of August the O/S went up to a staggering 44million). The PPS for MDGM is currently in free fall aswell. The PPS should have started of at $2/MDGM shares,instead it entered at $1.5 and is now at 0.055.
I contacted Mr Doherty via mail on several occasions inregards to the dividend, but get limited explanations(rob doherty wrote:> We are committed to deliveringdividend to united shareholders of record as of June 3005. Date of delivery is still undetermined - mail07/12/2005). My UDVE shares were replaced by MDGM.
Since I owe 4.5 million of UDVE shares (representing acash dividend of $25875), I am worried about my investment.
I saw a lot of PR's from UDVE and MDGM the last months,all promising a lot, most likely trying to drive up the PPS.
Since I have no other means then to turn to you, I hopethe you will investigate both UDVE and MDGM.
My specific questions to you would be :
1.Was there ever a sale of assets ?2.How will UDVE pay the cash dividend and when ?3.Is it possible for a firm just to vanish like this ?Mr. Doherty is not easy accessible and doesn't give veryclear guidance in this matter. He runs of with the assetsof the company leaving us with 'just' a dividend thatstill needs to be paid.4.Can a firm PR so many statements and then just walk away ?5.UDVE claimed to have claims in other countries(example : Australia - see PR8). Here again nothing wascommunicated. What is true of all this ?
The complaints I make are :
1. UDVE pumped its stock with numerous PR's2. UDVE made false statements of its reserves (find linkbelow)and in regards to its dividend3. UDVE took its assets private without making publicwhat it's value was. This is 'stealing' their investorsinvestment.4. UDVE has a lack of communication.5. MDGM is pumping its stock and diluting its stock (refPR's made by the firm since July the first).
I hope you will take this complaint into consideration tofurther investigate.
Kind regards,
xxxxx
_______________________________
If this activity was identified on the internet, please provide the web site address, FTP site, newsgroup or other area:
Message board I just joint and where a member gave meyour details (by the way : I filed a complaint with theSEC the 25th of July).
The http://www.otcbb.com/ still contains most relevantPR's when you tick in UDVE and/or MDGM (MDGM only showsits PR's, only one or two references are made to UDVE.
I have more info and mails that I'm more then willing tosend to you.
_______________________________
Documentation
Are you in possession of documentation that supports this regulatory tip?
Yes _______________________________
This email, including attachments, may include confidential and/or proprietary information, and may be used only by the person or entity to which it is addressed. If the reader of this email is not the intended recipient or his or her authorized agent, the reader is hereby notified that any dissemination, distribution or copying of this email is prohibited. If you have received this email in error, please notify the sender by replying to this message and delete this email immediately.
Posted by oops on :
excelent job , thank you
Posted by stokker on :
DD, I think SEC has already investigate RD but everything is regular and they can do nothing more that mail you: wait and see!
RD is effectively covered by disclaimers governing pink sheets companies, SEC can do nothing, every operation he made with UDVE/MDGM is regular, IMO.
If there are some fakes press releases, RD is obliged to declare it publicly, like Mario Pino and his MLON's lies, IMO.
There are two possibilities now, IMO:
1) The divy will be paid the Sept.30th, (max Dec. 30th., at the worst).
2) He is preparing an escape to the Caymans with the UDVE assets! (but this option is impossible because he have too much open businesses in Kamloops, IMO)
Posted by IWISHIHAD on :
Thank you Double Diamond! I have also made a few inquiries and am waiting for replies. We all hope we get the dividend, but I am not holding my breath.
Another thing that bothers me is that UDVE apparently had a sale for 2.1 million dollars. I assume there was a contract for this sale. Then I read UDVE is renegotiating for a higher price. Then on 8/17/05 Stokker states that now Robert Doherty is holding a auction with a minium bid of 2.1 million.
Posted by Double Diamond on :
Stokker,
Got this fro another board where I post : 'I've said it a few times before, but in case you haven't seen, UDVE lied in an official PR about their claims months back (I think it was january). I bought, found out about the false info, and sold immediately. There was a link to an article where a reporter talked to the company and discovered the "error" in their gold results. They were exagerated by a factor of 10, but UDVE never issued a correction.'
This is the article :
UDI Resources Admits “No Gold Discovery”
By Tim Wood 26 Jan 2005 at 10:00 AM EST
NEW YORK (ResourceInvestor.com) -- We put UDI Resources [UDVE] through the grinder last week for its amateurish rope-a-dope. To be sure, not everyone was happy about it. Well, too bad because the press release that put us on the trail was indeed a lot of bunkum.
There was no “discovery” and there was no 5 ounce per ton gold intersection at the company’s joint venture English Bay property.
Company president Robert Doherty was fuming when he finally returned our messages the day after the story ran. His complaints about being “*******ized” by Resource Investor found no sympathy though given that he could not answer basic questions that he knew we had already asked.
He said he hadn’t seen the drill data recently so he wasn’t sure of the specifics. So how do you put out a press release with facts you can’t confirm immediately? He could not answer satisfactorily but eventually fell back on being extremely busy closing a number of transactions.
We offered Doherty unlimited space and time to defend himself and his company, but the offer has not been taken up. The invitation stands in perpetuity to any director of UDI Resources – you are welcome to substantiate the many claims in your press releases.
Anyway, Doherty faxed us the drill results, such as they are. He also phoned in a mea culpa that the press release was wrong by a factor of ten - it wasn’t a 5opt intercept, but a 0.5opt intercept.
The rest of the results are nothing that would excite the market. In fact they rain humiliation down on UDI’s revenue extrapolation which was intended to infer that the 5opt number represented sufficient continuity so that thousands of tons might be mined for staggering profits.
We passed the results on to independent investment geologist Brent Cook for an expert opinion. He responded: “Reviewing the English Bay “data” here’s my guess. 3 holes in 97, 1 hit. 13 holes in 99 #16 his anomalous values; most likely very tight “twin” to first hit. 10 holes in 2000 w/ one hit of 0.1oz/4’ again most likely aiming at the same pod as previous hits. 8 holes in 2001 again one hit of 0.5oz/4’ and my bet same pod. There are no drill hole locations but given 3 hits out of 34 holes and the stated lack of continuity …well you got the picture. Further, this geologic setting is not conductive to large deposits but small shears associated with minor tensional zones.”
UDI has not issued a retraction of that press release since confirming to Resource Investor that the data was wrong.
When we asked Doherty if he was concerned about attracting regulatory trouble, he immediately shot back that he was covered by disclaimers as well as the loose rules governing pink sheet companies. Not likely. The Securities & Exchange Commission doesn’t allow “truth exemptions” for things like drill results.
This is not the first pink sheet mining play that we’ve caught gilding the lilly and it won’t be the last.
Send a mail to Tim Wood. Find mail and reply below :
Dear xxx,
I'm not following UDVE in any detail, but there's no question that Mindenao "reserves" are a joke based on this information alone.
We'll probably do a follow-up.
Regards Tim
>> -----Original Message----- >> From: xxxx >> Sent: Monday, August 15, 2005 4:02 AM >> To: Timothy Wood >> Subject: messagto Mr. Tim Wood >> >> To : Mr. Tim Wood >> >> >> >> Dear, >> >> By googling on UDVE and MDGM I found your article : >> >> UDI Resources Admits "No Gold Discovery" >> >> By Tim Wood >> /26 Jan 2005 at 10:00 AM EST/ >> >> >> Sadly enough for me I did no read your article before. >> >> Are you still following UDI Resources/ MDGM ? If not, you >> might be interested in what followed after your article. >> >> I'm attaching a complaint I filed to the SEC. >> >> By the way : MDGM is claiming the have the goods (sounds >> familiar, however however after reading your article I'm >> sceptical). They seem to be having their offices close to the >> old UDVE ones. The O/S went from >> 19.5 million to 44 million in just over a month. No-one seems >> to be able to contact anyone. >> >> ****** >> Mindenao: 600,000 Confirmed Ounces of Gold from 9 Drill-Holes; Gold at >> $433 Per Troy Ounce >> >> Mindenao Gold Mining Corporation (Pink Sheets:MDGM) publicly >> releases its financial statements and the report of the >> independent auditor. The report of the independent audit >> shows that the company has confirmed in ground gold reserves >> of a minimum of 600,000 ounces of gold from only 9 drill-holes. >> >> The report can be found at http://www.rbic.us/philippines/sgmc/scan/ >> >> Gold is at $433 per troy ounce and the company has >> approximately 44 million shares outstanding. >> >> Mindenao operates in the Philippines under the company name >> Siennalyn Gold Mining. The company has rights to mine on more >> than 4,700 hectares of land, which is equivalent to 11,617 >> acres, in one of the richest island groups in the >> Philippines. This island group contains more than 80% of the >> countries iron reserves and sizeable deposits of the >> countries gold and other precious metal reserves. >> >> The company has made available to the public, imagery maps >> and a geological report of the its mining operations in the >> Philippines. This information can be found at >> http://www.rbic.us/philippines/sgmc/scan/. >> There are more than 54 pages of documentation. The company >> urges all investors to thoroughly review all information and >> to contact the company with any questions. >> >> About Mindenao Gold Mining Corporation >> >> Mindenao Gold Mining Corp is a professional gold mining >> company that owns gold mining operations in Mindenao, >> Philippines, one of the richest areas in the Philippines and >> in Asia. The company has proven gold reserves, setting itself >> apart from the majority of other companies. >> Documentation on the company can be found at >> http://www.rbic.us/philippines/sgmc/scan/. >> >> This release includes forward-looking statements made >> pursuant to the safe harbor provisions of the Private >> Securities Litigation Reform Act of 1995 that involve risks >> and uncertainties including, but not limited to, the impact >> of competitive products, the ability to meet customer demand, >> the ability to manage growth, acquisitions of technology, >> equipment, or human resources, the effect of economic and >> business conditions, and the ability to attract and retain >> skilled personnel. The Company is not obligated to revise or >> update any forward-looking statements in order to reflect >> events or circumstances that may arise after the date of this release. >> >> Mindenao Gold Mining Corp. >> Nestor C. Buenaflor, 63-2-535-5158 >> Investors@mindenao.net >> >> >> Source: Business Wire (August 3, 2005 - 8:14 AM EDT) >> >> News by QuoteMedia >> www.quotemedia.com <http://www.quotemedia.com> >> >> <http://www.quotemedia.com/> >> >> >> *************** >> >> >> Kind regards, >> >> >> xxxxx - Belgium
I'm not so certain Mr. Doherty is as honest as you think he is Stokker.
In regards to being investigated or not : it's the SEC's policy not to advertise this. I'm not so sure that there's no elements in what I provided to them which would leave UDVE/MDGM off the hook. Above shows that Doherty lied to us. And you can have a disclaimer for everything, still you're responsible for what you communicate.
Posted by Double Diamond on :
Dear,
It seems that GRYF shareholders have similar issues as we have with a former R Doherty 'holding'. I posted this on their thread :
**************
Dear,
I've send the following to the NASD and SEC. I'm posting in the MDGM used to be UDVE thread. It seems that we have a common element in both your and my story.
**************************
Subject : Complaint UDVE/ MDGM Date : 08/21/2005
To :
Mr. Aldins Lapins -
Branch Chief Office of Investor Education and Assistance Securities and Exchange Commission
Cc :
Ms. Patricia A. Clem -
Assistant Director Market Regulation NASD, Inc.
Dear,
Your name was given to me by the NASD. I already had filed a complaint/tip with your organisation end July and I am unaware if this is currently being handled (ref. your discretion clause).
I found out this weekend that Mr. Doherty was involved in Greyfield (GRYF) as well. This stock seems to be currently under SEC investigation. So Mr. Doherty has/had besides his activities in mining as well something going on in cars. Makes you wonder what else will follow.
*July 5, 2005 Greyfield Announces Resignation of Robert Doherty
Greyfield Capital, Inc. (Pink Sheets:GRYF) announces the resignation of Robert Doherty, effective from July 1st, 2005.
The new management team at Greyfield Capital will strive to have an open relationship with all of its shareholders. A number of innovative initiatives will now be launched. Within the next few weeks, the company will activate an investor relations hotline and shall also initiate the hiring of an outside investment relations firm to increase investor awareness of the company.
********************* I found this relevant enough to mail to you.
In addition I would like to state that as a shareholder, I have written Mr. Doherty and MDGM on several ocassions mails. Mr. Doherty replied with a standard message somewhere mid July and has not replied any further questions I have asked him. MDGM management : no reply. I assume that both parties do not wish to interact with their shareholder.
This leaves me to conclude that my only hope on getting clarification if I will recieve my+ $25000 cash dividend and if I'm entitled to claim that I owe + 1.4 % of the former UDVE company is via your organisation. I hope you find enough elements in my communications (and probably, referring to some posts I saw on messageboards, some complaints from other shareholders) to investigate the UDVE/ R. Doherty/ MDGM story.
Kind regards,
xxxxx
Posted by stokker on :
DD, I don't want absolutely defend RD, I repeat you that are only my opinions and points of view, I remain positive about divy.
In reference to the article precisely an article and not a press release, RD has not corrected because wasn't a press release it was enough to fax a correction to Mr. Wood directely, IMO.
I suggest you another way to obtain more informations about this dilemma, do you know stocklemon.com? It seems are professional guys. They have detected many crooks.
Posted by Double Diamond on :
Stokker,
Thanks. I did this just now. I've send them a copy of my NASD complaint. Hope they pick up my lemon.
Posted by George on :
Looks like Robert Doherty is trying to shag out of town. He is a crook and involved in GRYF and mgdm....
Posted by stokker on :
DD, try to think in this way: if RD had already programmed the r/s without the intention to pay the divy long time ago why invented the story of dividend?
Why has formed the United Shareholders Holding Corp., and the possibility to communicate with him still in function?
He could have invent others stories or no publish nothing, without promise a divy and without form a new company for this purpose, and doing r/s without publish the intention to mantain contacts,(like GBMS etc., that haven't declared nothing without SEC/NASD investigations), IMO.
Posted by Double Diamond on :
Stokker,
We'll see. I'm sceptical on this one. I hope your right, so I can cash in.
DD
Posted by stokker on :
DD, stay tuned, every day could be good, IMO.
Posted by IWISHIHAD on :
There is another wire dated Jul 20,2005 that bothers me. MDGM stated they were based in Blaine,Wash 1. They do not have a contact phone number. 2. Since there business location is in Blaine,Wash. they would need a business license, do they have one and is it under the MDGM name ? It appears at this point that the address given is a PO. Box. which doesn't mean anything good or bad, but I think of the word "based" to mean a little more than a PO. box.
Posted by George on :
Good luck...this will most likely turn sour like GRYF...he did it before.
Posted by stokker on :
IWI, it's not admitted to quote a PK with a PO BOX only, you must have an office with a desk a computer and a phone number (the number is not obligatory to publish it).
I think it isn't a rent multioffice center not even, because Blaine is an holiday ground.
Posted by stokker on :
It seems SEC is working timely: GDVE trading has been halted (Stocklemon recent target), after a series of false PRs.
Posted by IWISHIHAD on :
Double Diamond You might want to check with the Dept of Revenue State of Wash. to see if you can find a business license for Mindenao Gold Minning Company . So far no record of a Business license for them. My email has not been working today I have tried to send this information on to the Sec. to let them investigate. Also as stated before, their base location appears to be a PO. Box location. I did not say MDGM. had a PO.Box as indicated by STK. If this information is not correct stokker, please let me know. If they have it under a different name let me know,so i can let the SEC know.
Posted by stokker on :
IWI, it isn't a PO Box, is a regular address with an office but I don't know if there is somebody working.
I know the same name that you know, the only one published.
DD, any news from the SEC?
Posted by stokker on :
Today: MCGI 1/10000 r/s without press release, UDVE 1/10000 r/s with a press release that communicates to the shareholders as of 06/30 that they are still committed to pay the divy and the constitution of United Shareholders Holding Corp., why?
Is it false? If it's all an invention, it wasn't better and simpliest to do like MCGI if the only one UDVE's target was the 1/10000 r/s?
It was simpliest invent a press release about a new contract that about a divy in May, IMO.
Posted by IWISHIHAD on :
Stokker again we hope your right, there just has been many red flags in my opinion which makes me wonder.
Posted by stokker on :
IWI, red flags?
Posted by IWISHIHAD on :
Double Diamond listed a lot of them
Posted by Double Diamond on :
Didn't get to read the board the past week.
Stokker,
I had no reply from the SEC. The standard message came. But as you'll be aware of ... they don't tell you if they investigate (It's called discretion).
I did some further DD and I'm bussy trying to collect all info in regards to the claims that UDVE had. I would welcome any info.
Together with IwishIhad remarks I'll draw up a document to further 'stalk' the SEC.
So far (out of an article I found), I've got (still need to include Australia's claims) :
OPERATIONS IN GUYANA The Company operates a wholly owned subsidiary, United Development International (Guyana) so as to be in compliance with all government regulations. The subsidiary, including all security, mining and operations management team, operates out of the company’s coordination office in Georgetown, the capital city of Guyana. The Georgetown office is approximately 5 hours (by motor vehicle) from the Company’s mining sites. To further the Company’s standing and demonstrate its policy of strategic partnerships with local companies, UDVE has entered into an agreement with Guyana Primary Resources, which holds title to reclaim 25 miles of the Konawaruk River. This is located within the Potaru Mining District, and is also home to Cambior's Omai operation; the second largest gold mine in South America. The Company will receive a 50% split of gross production while working the Title. The production will include the drenching of the riverbed, through various layers of riverbed crust, yielding deposits of the alluvial gold. KONOWARUK RIVER The Company’s operating guidelines and principles dictate that a general focus be placed on this promising 25 mile stretch of the Konowaruk River. This is an offshoot of the Essiquibo River and is adjacent to the Omai mine, the second largest gold mine in South America. Since the early 1990’s more than 3,000,000 ounces of gold have been yielded from Omai. United Development International initiated dredging operations on this property in June 2003. The Company has since expanded the dredging operation with the aim of extracting the greatest amount of gold in the shortest timeframe possible. The Company expects to deploy both Suction Dredges and Cutter Head Dredges. Suction dredges work like a vacuum, bringing up material from the bottom of the river bed. A Cutter is used in conjunction with the suction dredge and has the capacity to break through the false clay bottom of the river bed, thereby accessing deposits even further embedded. The Company expects this property to yield approximately 500,000 ounces of gold, an anticipation supported by the findings of an independent geologist. The 500,000 ounce estimate includes only surface gold and not the additional gold the Company expects to find under the false clay bottom of the river. UDVE has discovered indurated iron-oxide-cemented gravel layers near their dredging operations along the Konawaruk River. In the past, these iron-cemented gravel layers have shown high potential for extremely high-grade alluvial gold. The Company’s use of cutter head dredges serves as an excellent example of its policy to pursue maximum results via the use of best-of-class machinery, technology, and a creative approach to mining. MAZARUNI RIVER United Development International Corporation has secured the exclusive rights to a 20-mile claim on the Mazaruni River, the foremost diamond producing river and second most gold producing river in Guyana. The history of mining this river has led the Company to believe there are significant gold and diamond deposits. The Company’s stretch of the Mazaruni River has unique features called ‘Deep Pools’, which are typically much deeper than other areas of the river. It is expected that these “pools”, working with the gravitation drop of the more dense diamonds and gold, have become significant deposits. Between 1999 – 2003 Brazilian miners using antiquated mining techniques extracted more than 10,000 ounces of gold from this site. As a matter of fact, in 12 days in November 2002, Brazilian miners, working on a stretch of this river classified as a deep pool, produced 6,000 ounces of gold. Based on historical records, the total yield could be greater than one million ounces of gold, granting an estimated potential asset value of the Mazaruni property in excess of $200,000,000. Accessing these deep pools, estimated in size to reach up to 200 feet deep and 1,200 feet wide, will require significant planning and the use of state-of-the-art dredging equipment. The Company expects to deploy suction dredges and cutter head dredges, as well as diamond catching equipment. The Company plans to execute a 24/7 work plan, employing 2 teams of miners, who will bunk at the site. This not only serves to accelerate the pace of the mining, but also minimizes operational overhead. UDVE has tremendous confidence in its Guyana operations and has secured two additional properties so as to insure continued prosperous operations. These properties, one on the Cuyuni River and the other a land-based operation classified as the White Creek properties, will be developed as Company resources permit. WHITE CREEK The major land package is located in the White Creek, Port Kaituma Goldfield, NW Mining District of Guyana. The Port Kaituma Goldfield is known for more than a century as the most productive gold-bearing areas in the NW Mining District of Guyana, as well as for its recent gold production from artisanal mining methods. The White Creek property presents high-grade quartz veins that can present gold grades in the order of tens of ounces of gold per ton. A significant number of old shafts and drifts (over 30) were identified in the area always associated with very high past gold production. The wall rocks associated with the quartz veins are also known to carry significant gold grades. The White Creek property remains one of the few untapped major gold reserves in the legendary gold producing 'Guyana Shield' geological formation. This shield is home to properties such as the 12 million ounce discovery at Las Cristinas in Venezuela and the 4 million ounce Omai mine in Guyana. United Development International has expectations of tremendous production from White Creek while still seeking any remaining viable untapped properties within the Guyana Shield. Independent geological review of the property estimates that White Creek has the potential to provide the company with revenues in the hundreds of millions of dollars over the next decade. The Company will aggressively develop this property and will continue to expand that development to other exceptional properties chosen by it team of professionals. CUYUNI RIVER Research has indicated the Cuyuni River region is the most prolific alluvial gold producing river in Guyana. Recent small-scale operations, adjacent to United Development International's Cuyuni property, have produced hundreds of ounces of gold production per month using very primitive means. Recently completed radar imagery interpretation indicated the presence of a palaeo channel extending for approximately 16 kilometers in length with widths reaching up to 2 kilometers. Most importantly, this has not been previously mined! There are a number of favorable structures for the deposition of gold and diamonds such as dykes scour pools and point bars identified on the Cuyuni property. Scour pools associated with the dykes present have a tendency to deliver high gold grades, which is proven to exist in the region by previous river dredging operations showing high production. Dredge operators who have recently prospected and mined in the vicinity of United Development International's Cuyuni property have confirmed the presence of deep scour pools associated with the dykes that crosscut the property confirming the Company's geological interpretation. DIAMOND RECOVERY IN GUYANA The regions where UDVE’s properties are situated in Guyana have some of the most prolific statistics regarding diamond recovery. The Mazaruni River and the Cuyuni River in Guyana are No. 1 and 2 respectively in diamond production in the country. On Aug 4, 2004 UDVE announced that it was in final discussions with Empyrean Consolidated Diamond Corp. for the purpose of joint venturing the recovery of diamonds in Guyana. Final terms are being negotiated. Empyrean is negotiating the purchase of the rights to extract diamonds on United Development claims and permits in Guyana. Additionally, United Development is demanding a royalty on all production. When this joint venture is finalized, the Company will concentrate solely on gold production. However this relationship will be very beneficial for UDVE, as it will help to increase company value, but, more importantly, shareholder value. ADVANTAGES OF OPERATING IN GUYANA The Company has elected to operate in Guyana because the vast natural resources are supported by a number of advantages that make the country an attractive center of activity. These advantages include: · The government is extremely supportive of mining initiatives. · The country has a long history of gold production. · The introduction of new methodologies is encouraged and supported. · Guyana is the only English speaking country in South America and is governed through British Common Law. · The population of 700,000 is highly literate. OPERATIONS IN CANADA The Company has an interest in developing opportunities in Canada and has entered into an agreement with Clearview Consulting, Inc., to earn up to an 85% interest in the La Ronge gold properties in Northern Saskatchewan. The property is located just 15 kilometers north of LaRonge Saskatchewan, and lies on the LaRonge gold belt, which has hosted many mines. This region has demonstrated the presence of gold reserves and the Company is presently working with a mineral resource technologist to determine the scope and nature of a new exploration program. This exploration program will commence immediately and will consist of some six holes being drilled and a sampling program initiated to better evaluate and find the gold intersections from previous work.
Posted by stokker on :
DD, yes I know that investigations are reserved, but if there is something of illicit they suspend the trading immediately, i.e.: CAFE, GRYF,GDVE etc.
OPERATIONS IN GUYANA is the same text that you can found at the introduction of the IHUB/UDVE board.
Posted by stokker on :
Udiresources.com, website is under construction???!!!...mmmhhh, something is in the air!
Posted by Double Diamond on :
Stokker,
Nothing new there. Has been like this since ages.
Posted by stokker on :
DD, ages? April!
CTKH site was under construction more than one year, since Dec. 02's r/s and reactivated after the big bounce from 0.0002 to 0.0079 in Jan. 04, during the 2003 on RB board there was an only sentiment: a dead dog destined to another r/s!
If a PK mantains active the website under construction with a new look has the only target to reopen it, IMO.
Posted by stokker on :
Another fake base at 02 with fake accumulation, it's a classic of PK's MMs, the inexorable run to 0001 goes on and the SEC don't halts, why?
Everything is regular, maybe.
Posted by IWISHIHAD on :
I am not sure what your saying STK? Does this have anything to do with UDVE.
Posted by stokker on :
IWI, if the SEC is investigating UDVE and his presumed fakes press releases about the divy and deems RD guilty, should immediately halt trading, because RD is involved in UDVE/MDGM's r/s, IMO.
Furthermore the SEC doesn't halts MDGM also if is reducing to 'zero' the value because there isn't fraud, IMO.
Posted by Double Diamond on :
What good would a halt do ? After 14 days MDGM would be trading again. STK, I don't follow you on this one.
In regards to UDVE : don't have to halt them, RD halted it for them.
Posted by IWISHIHAD on :
I agree with Double Diamond,The only thing at this point the SEC. does is slap the hands of companies that abuse the system. The only thing we can hope for as investors is a little bit of accountability by companies.
Posted by stokker on :
DD, after 14 days MDGM would be trading again with a clear damn of image.
Posted by IWISHIHAD on :
Companies make their own images by the actions they take. Aside from that do you think that MDGM is worth .02 compared to other mining companies that are trading for a lot less.
Posted by stokker on :
I know it, but if they are halted they loose their image completely and the investors stay away. (look at GRYF case).
MDGM is going to trade for a lot less, his trend is easy to interpret, now.
Posted by IWISHIHAD on :
In my opinion if the SEC. haults a companies trading, then they most likely have strong evidence against a company, that their doing more than one thing that is questionable. If that is the case then investors should be very cautious of these companies. Of course this is just my opinion, I have not read what standards the SEC. uses to hault trading.
Posted by stokker on :
If SEC lets trade regularly MDGM it means that all passages RD has done are correct, UDVE's divy matters incluse, IMO.
Posted by Double Diamond on :
STK,
Let's not go into a yes-no game. We'll see what happens (if anything) next. I sure hope you're right and I'm wrong.
By the way : I've resend my mails to RD and MDGM at least weekly. Still no answer. Anybody else get lucky ?
Extra info on UDVE claims is always welcome.
Posted by stokker on :
DD, if all the board is negative and considers lost his money, RD is surely less motivated to pay the divy soon, and takes much more time possible for the bank rates!
Posted by IWISHIHAD on :
Stokker the divy should have nothing to do with RD,s mood. The way a dividend is distributed should be regulated by rules . DD I have never gotten any response from UDVE. STK give us something to be positive about,like a post from RD. about the date of ther dividend.
Posted by stokker on :
IWI, RD is the only one that regulates the rules not his mood: he is UDVE's president,ceo and secr., he fixes the date, more in the bank, more rates, IMO.
Posted by IWISHIHAD on :
STK I am not talking RD rules. I am talking rules or laws that govern corporations, hopefuuly they are the same rules that RD uses . STK your talking like there is already money from a sale.
Posted by stokker on :
IWI, RD decides the date of payment not the rules that govern corporations, it's obvious that every operation is in respect of laws.
If there isn't pressure from shareholders he delays the more possible, IMO.
Posted by IWISHIHAD on :
Some how this conversation goes nowhere. If a company has done nothing wrong then there is no reason to care who looks into your company. The only reason I posted here in the first place is that a company I invested inwent off the board shortly after declaring a dividend.There was no response after there last announcement, there still has been no offical word of anything from UDVE or RD. and you wonder why investors are concerned.
Posted by stokker on :
IWI, have you not received this email from RD:
"We are still committed to the dividend to shareholders of record as of June 30 05 only it will be delivered through the private company which the assets were transferred to, when we receive our assets"
These are RD's official words, the email is a legal document.
Posted by IWISHIHAD on :
I have received nothing by e-mail from RD.
Posted by stokker on :
Really? Go back to Onceapenny's post of July 11th. I understand why you are so skeptic, now!!!
Posted by stokker on :
IWI, do you feel better, now?
Posted by IWISHIHAD on :
I feel better if I saw some money.
Posted by stokker on :
In the stock market the patient is always rewarded, wait and see.
Posted by OnceApenny on :
IWI, let's hope RD keeps his prommisses, and is a man of honour.
Posted by stokker on :
ONC, isn't so easy achieve some certainties in this market, it's like climb the Everest, but it's possible.
Important is interpret in the right way some signals, like us.
Posted by stokker on :
Udiresources.com, why RD pays to keep active the domain?
Posted by stokker on :
At this point the SEC knows the payment date, everything is regular, a suspension/halting isn't necessary, they are waiting that day like the shareholders, IMO.
Posted by stokker on :
Any reply to your complaints from SEC/NASD or Stocklemon?
I have read that since this year the SEC has reinforced his staff to better fight false communications suspending immediately the trading, inviting investors to signal them promptly if consider theyselves cheated.
More than two monthes are passed since 06/30, and the SEC doesn't given us any explanation till now, why?
Posted by stokker on :
Look at thestockbroker.com there is a paid advertising again on the home page with an update link to udiresources.com, why they have not delete it?
mmmh...something is hatching!
Posted by stokker on :
How is the sentiment about the divy, this week?
Posted by IWISHIHAD on :
Has anyone received any e-mail about udve dividend?
Posted by stokker on :
Only RD and the SEC know the divy payment's date. Everything is regular, till now.
SEC is waiting and monitoring...like us!
Posted by stokker on :
MDGM on the moving, maybe some news also from United Shareholders Holding Corp.
Posted by stokker on :
Don't forget that United Shareholders Holding Corp. was expressly constituted to pay us the divy.
United Developement Int'l remains as a private entity (as reported on the 07/20 MDGM's press release).
An official press release is a legal document.
Posted by IWISHIHAD on :
Offical press releases are not doing anything for my bank account, only the divy will. I haven't seen any press release on the divy date.
Posted by stokker on :
An official press release is a legal evidence that you can contest and 100% win a law-suit against who wrote that.
Posted by IWISHIHAD on :
I would rather have my divy than a law-suit.
Posted by stokker on :
You will have it, NASD/SEC are monitoring, IMO.
Posted by stokker on :
Yesterday the price of gold have had a breakout touching the highest year's level, RD is maximizing profit of Guyana assets for divy's payment.
Posted by stokker on :
Some accredited analysts foresee gold price at $500/ounce the first monthes of 2006, RD is busy for maximize the business, IMO.
Posted by stokker on :
NASD/SEC continue don't reply to our questions about UDVE's divy,(my first one was in mid-May!), that means the only thing to do in this case is waiting the fatidical date.
Only RD and NASD/SEC know this date!
More we spend one's time, more we must convince of this.
Posted by stokker on :
Gold price rose to a new high at 479/oz, yesterday.
500/oz by year end?
RD is calculating...
Posted by Double Diamond on :
Stokker,
I hope your right. I weekly send my mail to RD and MDGM, no reply what so ever.
Posted by stokker on :
At this point RD has underwrited to the SEC when he will pay the divy, and RD will communicate the divy's date to the shareholders only one time, then any solicitation is vain, IMO.
This communication could be too in a MDGM's press release as in the past, IMO.
Posted by Double Diamond on :
Anybody else got info, news ? ... pls ?
Posted by stokker on :
Whoever knows don't tell you on this board certainly, he might be accused of insider immediately, RB and IHUB have been full of cases in the past.
Posted by IWISHIHAD on :
How do you get accused of insider infomation if a stock is not trading anymore? you are not going to change the pps. because there is no pps. that does not make any sense.
Posted by stokker on :
DIvy's price and divy's date aren't condidered insider informations? Is an insider information as the firm were quoted. Furthermore MDGM's pps will bounce immediately because will achieve major credibility.
Posted by stokker on :
If RD decides to declare the divy's date on a MDGM's press release, the MDGM's pps goes to heaven!
Posted by IWISHIHAD on :
You are really dreaming!
Posted by R_Peter_DeLong on :
Dear Fellow UDVE Investors,
I wish I had known about your bulletin board when I was wasting (?) my money on UDVE several months ago. I appreciate the comments you have shared with each other. However, I do have some information and some thoughts that you do not appear to have, so I will share them now. Some of the details have grown hazy.
I first started buying the stock, through my account at Ameritrade, when it was about $0.10. I followed the press releases as the stock price continued to tumble several orders of magnitude. I had not realized that the market could handle such small numbers! The Pink Sheets showed the par value of the stock to be $0.001, so I was amazed when the price dropped through that barrier.
I tried to look up the current status of Robert Doherty's previous business ventures (mentioned in his bio on the UDVE web site), and came to the conclusion that they were a mix of low-order successes and complete failures - not enough to conclude that the guy was a crook, but not enough to show that he had any business savvy, either.
When I first tried to call his Las Vegas number, his voice mailbox was full. Months later, when I tried again, I got a trucking company that had received the number fairly recently.
Around June 6th, I contacted the market maker for the stock (Interwest Transfer Company) in Salt Lake City, which was listed on the Pink Sheets web site. I wanted to know the number of shares outstanding. They told me that they were no longer the market maker, but that another Salt Lake City firm was (National Stock Transfer). The second firm remarked that it had been awhile since they had heard from Doherty. They did not disclose the number of shares outstanding, indicating that Mr. Doherty would have to authorize them to do that. (I may be conflating two separate phone calls in my memory, but it doesn't matter.)
I sent an e-mail to Pink Sheets, indicating that the information on their web site for UDVE was out of date. I received the following reply on June 8th:
"I spoke to Robert Doherty, the President of United Development International. He is going to send me the corporate address of the company. The transfer agent for United Development International is National Stock Transfer in Salt Lake City. They told me the current number of common shares outstanding is: 448,195,430.
When I get the address, I will post it on pinksheets.com.
Allen Swartz Issuer Services 212-896-4470"
My take on the two critical announcements (100 million shares, and $0.00575 dividend) is slightly different from yours.
I computed, as you did, 2.1 million / 0.00575 = 365 million shares to get dividends. When I saw that there were 448 million shares outstanding, I saw the difference as being approximately the 100 million shares that Doherty intended to buy back before paying the dividend. I viewed the continuing drop in share price to be evidence of manipulation to reduce the cost to Doherty of buying back the 100 million shares.
By manipulation, I do not necessarily mean anything illegal. I have no experience in market-making, but it seems obvious to me that certain rules and algorithms must be applied to determine stock price for lightly-traded stocks. It seemed possible to me that the market maker might have the influence to drag the stock price down.
My working assumption is that Doherty is an honest person, and that, faced with the uncertainties of the Venezuelan-diamonds-to-India scheme, and the "mortgage payments" on the British Columbia property (do I remember correctly?), that he pulled the plug on UDVE with the intention of preserving the capital recovered from the Guyana sale for return to investors. I read his press releases that mentioned UDVE's "commitment to investor value" as being evidence of his good intent.
I worry that siccing the SEC and other investor watchdogs on him will increase his costs, and decrease his focus on getting the dividend distributed.
I, too, have wondered where MDGM came from. My guess is that the transfer of shares to the new entity amounts to the sale of a mailing list - an automatic constituency for a foreign company that wanted some American investor interest.
However, your observations about the proximity of Blaine, WA and Kamloops, BC are interesting. The note that Robert Doherty was also deposed from Greyfield on July 1st is also alarming.
I don't think owning MDGM has anything to do with receiving the UDVE dividend.
I owned 1.5 million shares of UDVE on June 30th, so I have my fingers crossed!
- Pete DeLong
Posted by stokker on :
RPDL, right interpretation! Maybe, IWI is understanding now!
Sure that owning MDGM has anything to do with receiving UDVE's divy, as I affirmed in the past I sold at $1.5 the first tradable day after the changing name and my broker registration.
Do you remember my RD's 2500-5000 shares blocks description between $0.7 and $1.5? Were only sales, quick "panic" sales before the MM's dilution at these prices, IMO.
I repeat, you achieved the divy's rights on June 30th at the market closed, owning MDGM now is completely useless.
IWI, also if RD will communicate the divy's date by e-mail and not with a press release, MDGM's will bounce after a boards tam-tam, I'm not dreaming, I have well learnt this century finance.
Don't forget the Kamloops address of the Oregon Secretary of State and the highway to Blaine.
MDGM will achieve mayor credibility and will increase the trades.
Posted by IWISHIHAD on :
Stk- as I went back through your posts on UDVE, you are making comments about what RD. is going to do. First there is a sale ,then there is a auction on and on the comments go about RD. Yet when a statement is made that you have an inside track, your quote was " Im not basher, Im not a hypster, Im not an insider,Im not a nostradamus, then where do you get your information , unless you are a BS-er,and no I don't have any MDGM stock.
Posted by IWISHIHAD on :
R-Peter-Delong- I had alot of your same thoughts before I even got to this board. I also got the trucking company when I called. The one thing that bother's me is , that if Rd. is really concerened about investor's ,you think he would keep them updated on their investment in UDVE. This is only my opinion.
Posted by stokker on :
IWI, I get informations nowhere, are only correct interpretations of this case, I have sold my MDGM's shares on July 5th and I am in full right the same to cash the divy.
RPDL, RD resigned on July 1st from Greyfield, as I wrote on a my past post, because he wasn't in accord with the plan of the new management that brought on the following GRYF's crack, IMO.
That was a RD's right operation to maintain an honorabilty on his future plays, like a return on the markets, IMO.
Posted by OnceApenny on :
I'm still stucked with that 100 F*****ck'in MDGM shares and not only have my finger crossed.
Posted by stokker on :
As I have wrote in a precedent post MDGM is destined to go to .0001, every bounce is fake, look at today bid price: coming back to .03!
When will touch that bottom, or some other triple zero, this stock could explode, with the divy news too, IMO.
Posted by IWISHIHAD on :
Stk- You say you are getting your information here, "Where is Nowhere"? because it appears no one else is posting interpretations of RD. from statements they are reading here. Also when I asked you if you thought that MDGM was worth .02 compared to other mining stocks at lower prices, your answer was "I know it" now your saying to once a penny, MDGM is destined to go to .0001 and that every bounce is a fake.
Posted by stokker on :
IWI, I think you are very confused, I can't follow you no more. Reread better my posts.
Posted by IWISHIHAD on :
Anyone else out there with an opinion about what they are reading on this post?
Posted by OnceApenny on :
IWISHIHAD the divvy.
Posted by IWISHIHAD on :
Onceapenny- Good point- IWISHWEKNEW-unfortunantly- we may never,I hope I am wrong,the longer it goes I think the less are chances are of a divy.
Posted by OnceApenny on :
IWI. These are the lessons in the world of the Pinky's. That means, it's not always fairplay. Nobody ask for MDGM, so I sit here and think.... IWISHINEVERHAD. lol.
Posted by IWISHIHAD on :
OnceApenny- You are right again. Unfortunately I have learned many of these lessons the hard way.
Posted by stokker on :
Why RD has invented the divy's story if his main target was the 10000 r/s to steal us the money? It hasn't sense.
He could have invented a new millionaire contract or a new mine discovered to increase the buys and then kill the shareholders with a 10000 r/s as we have seen many times in the pinkies.
Invent and declaring a divy is too much compromising with the NASD/SEC because the rules says you must pay!!!
If NASD/SEC are not reply to us till now means that his inquiries have brought them to see cleaning in every passage.
Wait the gold price near 500/oz, stay tuned to unitedsharecorp*yahoo.com or to MDGM's PR and see.
Posted by stokker on :
No more real-time data on pinksheet.com, since October they don't pay no more the monthly fee for this service, the free falling to triple zero is started...
Posted by Double Diamond on :
quote:Originally posted by IWISHIHAD: Anyone else out there with an opinion about what they are reading on this post?
Yep. I had 4.5 million UDVE's. I now have 451 MDGM (don't know why I got one for free, but hell, RD thx for that). I get no response to my mails (till two weeks ago I was doing my weekly reply all - LOL). I have nothing in my account (while I was promised a cash dividend). I send mails to the SEC, to NASD. I posted on this board. I would like to have the same opinion as STK and Pete, but my sceptical mind tells me we're scammed. Till proven otherwise, I'll stick to that statement.
Posted by bajan on :
DD,I did a serch in BC for RD and came up with the following:
I think the last one may be correct as I think I have read his middle initial as J. BAJ
Posted by stokker on :
BAJ, there is a known singer, RD too! They are all namesakes, our RD don't appears on the canadian telcom.
Posted by IWISHIHAD on :
I have not seen any news about divy. Has anyone heard anything?
Posted by Double Diamond on :
No, heard nothing - I think someone is gone ...
Posted by IWISHIHAD on :
This stock has gone with the wind. Not even stokker's pumping it anymore.
Posted by stokker on :
I have never pumped this stock, I am only waiting the gold price at 500/oz to cash the divy, I am completely indifferent of the MDGM daily trading.
When you will see 500/oz and triple zero here will means we will be near our divy, IMO.
Posted by Double Diamond on :
I'm getting tired of waiting ...
Posted by stokker on :
Patient is the principal rule to win in the stock market.
Posted by IWISHIHAD on :
Being to patient on the Penny,s will put you in the poor house.
Posted by stokker on :
If you think hurry is the best way to play pennies will put you in the rich house, sure: MM's HOUSE!
Posted by stokker on :
+58.06% with 500 shares, they are painting the tape, mmmm...
Posted by IWISHIHAD on :
Stokker- If you are talking about MDGM now, I thought you had no interest in this stock. If you think the divy for UDVE would be more than .005 now, since the price of gold has went up so much since the word of the divy from RD. Then why don't you offer to buy up the shares and make a killing for yourself. I'm sure you will have many takers.
Posted by stokker on :
If the volume increase could be a prelude of a PR with a RD's update, so IWI will calm down.
Posted by stokker on :
Volume and bid ut...
Posted by stokker on :
They need desperately shares...
Posted by OnceApenny on :
They need shares, and we need the assets of UDVE. And the assets are not traceble. Maybe in Guyana, where Robert has his golden pool.
Posted by IWISHIHAD on :
Why would they need to figure out how to get shares, they are a spinoff of UDVE. What Has happened to this information we were to receive on the divy when the price went up on MDGM? this was going to be a signal.
Posted by OnceApenny on :
Is this the place to complain??
Posted by stokker on :
They have received tons of complains about UDVE divy and they have not replied to anybody, every step is regular.
Something is brooding...
Posted by IWISHIHAD on :
Stokker- You have a story to fit every question by investors. Yet you say you have no contact or association with RD. You talk about divy this divy that, gold prices the SEC. etc. The only thing I see, is there is no Divy news and no offical news about anything from anyone. It appears Rd. has gone somewhere with properties or money or both ,which were bought with investor money.(At least they say they had properties by there PR'S) I also appears that UDVE merged with MDGM and gave or sold the right to trade as a pink sheet to MDGM. THis right to trade has a assesed Value of about $50,000 or more (a guess) which was probebly worth more than MDGM was at the time of the merger.The SEC. is not necessarly saying everything is okay, because they are not allowed to release this information, of course unless you are part of the SEC. now The more complaints that come in the more more pressure the SEC. has to keep track of this transaction. I am not saying one way or the other what the SEC. will or will not do. What ever happens here, the way RD. has handled investors and their money really stinks.
Posted by stokker on :
If a stock is under investigation after a certain period the SEC replies to you, they need not too much time to understand if there are irregularity.
With the new policy of this year pinksheet cooperates intensely with a strenghtened SEC, so can intervene immediately.
Look at MLON, GRYF, BCIT, GDVE, SSTY etc., are been immediately unveiled.
Are now passed six months from the first divy PR and the SEC has not replied to anybody.
Patience will be rewarded.
Posted by stokker on :
Bid up, bid down, MM are tryng in every way but investors are scared and don't put a buck in this stock, investors want a RD update before put in money...but MM know very well this...they are playing with our nerves, is part of their work!
Posted by Double Diamond on :
quote:Originally posted by OnceApenny: They need shares, and we need the assets of UDVE. And the assets are not traceble. Maybe in Guyana, where Robert has his golden pool.
On the following link you'll find a summary of all the 'assets'.
I googled most of the places/persons, but's it really hard to find any 'factual' info.
I feel like the investigator in 'the usual suspect'.
Posted by stokker on :
100,100,100...and nobody buys, nobody will buys no more if they don't issue a RD/UDVE PR, before.
Posted by IWISHIHAD on :
Looks like another name change coming,we will have to change the name of our heading.I have noticed we have got our divy Pr. Maybe next Nov.
Posted by IWISHIHAD on :
MDGM looks like they follow in UDVE footsteps. Open mines close mines always gold at the end of the rainbow. But still no divy news, that's a big surprise.
Posted by stokker on :
Wait for major details, RD is coming back, IMO.
Posted by stokker on :
Filipino investor to buy substantial gold mine on Isla Margarita?
Go to vheadline.com!
Bid uting...
Posted by Double Diamond on :
read the article - don't see the connection, Stokker
Posted by stokker on :
DD, behind the scenes there is the RD's regie, do you remember mr. Corirossi in an old UDVE PR that opened an UDVE's branch in Ciudad Bolivar Venezuela to start a diamonds business?
There is again a connection and RD is orchestrating a coming back in the market,IMO.
RD is actually maintaining the Udiresources.com domain for this target, IMO.
Posted by Double Diamond on :
I'm not that certain about all this Stokker. Let's hope your right and that we get paid what was promised + that we still hold our part of the assets.
Posted by stokker on :
We will read a clarificative RD's letter to shareholders, IMO.
Posted by Double Diamond on :
Stokker,
Do you know more ?
Posted by stokker on :
DD, it's an opinion, who will lives will sees!
Posted by IWISHIHAD on :
Double Diamond - You think this is pretty much the End.
Posted by cyclekitty1 on :
No IWISHIHAD the end was long ago, all us bagholders are just hoping. I bought into the hype and I remember I had 250k shares of udve worth about 2000 dollars and I held, so now I have 100 shares of mdgm worth about 6 dollars so even if it does something whats it gonna be worth, 60 dollars. It's only value is the memory of my stupidity.
Posted by IWISHIHAD on :
Cyclekitty1- True- You worded much better than me.
Posted by stokker on :
Another bagholder, are you waiting the next r/s?
For the last time: you have achieved the divy rights on 06/30 at the closing markets, not maintaining shares till now, MDGM is another vehicle, reread better the 06/30 PR, you should have sell the first week of July to save something.
You are a United Shareholders Holding Corp. shareholder now.
When you will cash the divy you must hang upon the wall in front of you your Socrates motto.
When
Posted by Double Diamond on :
Iwhishihad,
Don't know if this is the end.
I looked up most of the claims UDVE 'claimed' to have had. Very poor information. Not a lot to find.
On the other hand, I did male some noise to some legal authorities and didn't get much back.
I guess it's warm and cold. One time I think positive, next I'm very negative.
We'll have to see and wait. I hope Stokker is right.
Posted by IWISHIHAD on :
Double Diamond- This stock was even unique for the pinks. It still amazes me how UDVE could be a publically traded company with investor money one minute ,then vanish the next minute, promising a divy. They state there is a private fund held somewhere that the investors are not alloyed to know where. I know one thing,no matter how this turns out if I see a divy offered by another penny stock, I will let everyone else make the money. It appears to me MDGM is following in UDVE footsteps.
Posted by Double Diamond on :
Iwishihad,
It is amazing that this is possible. I asked the NASD, I asked the SEC, but the responses are and stay the same : if we're investigating or not we can't tell, but thx for your complaint.
I keep on sending mails to RD and to MDGM, but there it's the same story : no answers.
This is crazy !
Posted by IWISHIHAD on :
Double Diamond,
I did some contacting early on to. I have never checked back with the State of Wash. to see if MDGM ever took out a business license, not that it seems to matter. I believe MDGM and RD. are the same thing, just have different contacts, which are worthless contacts when it comes to UDVE Investor money.
Posted by IWISHIHAD on :
Double Diamond- That other stock were both in is sure quiet.
Posted by stokker on :
NASD/SEC don't reply to you because they receive hundreds of complaints every day.
They soon understand when a PK company diffuse false PR, if they found immediately the responsible that admits and is disposable to publish his fault, they let tradable the stock (i.e. MLON), if the responsible is elusive and in any case they don't receive justification they immediately halt/suspend the stock (i.e. GRYF, SSTY, BCIT etc.).
Anyway NASD/SEC don't reply to every complaint, only auto-courtesy reply.
Posted by cyclekitty1 on :
quote:Originally posted by stokker: Another bagholder, are you waiting the next r/s?
For the last time: you have achieved the divy rights on 06/30 at the closing markets, not maintaining shares till now, MDGM is another vehicle, reread better the 06/30 PR, you should have sell the first week of July to save something.
You are a United Shareholders Holding Corp. shareholder now.
When you will cash the divy you must hang upon the wall in front of you your Socrates motto.
When
Thanks for the hindsight stokker. you are 100% correct I should have sold. just another one of lifes little knocks, Great ideal about hanging it on the door except maybe on the bathroom door. "just in case it might have some actual use in there" LOL
Posted by stokker on :
CYC, is not hindsight, I have simply read the 30/6 and sell promptly the first tradable day after the r/s and my broker changing name update, because it was clear that MDGM was another entity, the divy rights were achieved automatically at the closing market.
If you think better hang your motto in your bathroom it's a your choice.
Posted by IWISHIHAD on :
Stokker- I don't think anything was clear with these stocks at the point of the RS. Except a RS. I was not trusting anyone on PR. releases, that's how we got into this mess in the first place. Cyclekitty keeps hers to remind her ,I sold mine so I would not have to look at it anymore. If we did all the things we should have done on the penny stocks we would all be rich.
Posted by stokker on :
IWI, you are like Lapalisse, do you know him?
Posted by Double Diamond on :
Who is he ?
Posted by cyclekitty1 on :
want a little salt to rub in those wounds stokker?
Posted by cyclekitty1 on :
I commend you for your brilliance in selling at a profit. or was it a loss?
Posted by stokker on :
CYC, wounds? Are you raving?
More brilliant of you surely: I have sold at $1.5 (0.00015 pre-split) and you are a bagholder now...
My little loss (I have bought UDVE at 0.0003 on 6/30) was aware to take huge profits cashing the divy.
Supposing that you know the philosophy explain to IWI who was Lapalisse!
Posted by IWISHIHAD on :
Stokker,
I was gone most of day just say your post. This is rather a waste of time, because we all would like to see a divy. After this length of time you expect everyone to be happy when a CEO. who doesn't even bother with PR. to investors after just shutting down a company. You have every right to brag that you lost less money than someone else on a stock, but I prefer not to have those bragging rights.
Posted by stokker on :
IWI, I am not bragging, I have explained my trading like anybody else and why I am so sure to cash the divy, to help the disappointed.
Do you remember the UDVE last trading day? There were the biggest blocks of the stock history on the buying side, other buyers like me.
I prefere to cash the divy.
Posted by Double Diamond on :
Stokker,
Who is Lapalisse ?
Posted by stokker on :
Don't you know the adjective lapalissian?
Posted by Double Diamond on :
Stokker,
I'm non English. No, it's the first time I hear from it. Sounds good, but what does it mean ?
Posted by stokker on :
DD, was the teacher of the obvious, some of his sentences were: the sky is blue, the water is wet, the summer is hot, etc....
Posted by Double Diamond on :
thx, at least I learned something out of investing in UDVE LOL
Posted by BchOus on :
I had UDVE, can't even remember how many shares or how much money, I now have 6 shares of MDGM and about .96 cents. I will hold these shares even after I am dead just to keep them on their books and obligations. If there is a dividend coming I guess I could expect .10, maybe.....A great lesson in pinks, I have been advoiding them ever since. By the way I also have UNQT, ICAN, & Cnes. Anybody have these and any hope for profits?
Posted by Double Diamond on :
Stokker,
The goldprice is above $500. If what you stated in the past is correct, we should hear from RD soon.
I'm still sceptical, let's hope you're right.
DD
Posted by IWISHIHAD on :
Stokker,
Double Diamond made a good point, are we going to hear on our divy shortly?
Posted by stokker on :
Patience is a virtue.
Posted by IWISHIHAD on :
Stokker,
When is our patience going to be rewarded? Any time soon? the price is above $500.
Posted by Berlin on :
Gudluck with MDGM. MDGM however have hardcore fans at investorshub.com
Posted by IWISHIHAD on :
Berlin,
I don't have any MDGM shares anymore, it looks like it went into hibernation, investors might be holding back after seeing what has happened to UDVE, feeling that history might repeat itself. Many investors like myself are still holding for a divy from the assets of UDVE before MDGM and UDVE merged.
Posted by stokker on :
RD and MM are now considering the scarce success of MDGM stock and they let it die before an easy foreseeable r/s, after that they will quickly bottom down the new venezuelan entity and then RD will update the UDVE shareholders, with a phenomenal bounce of the new stock, IMO.
Posted by Double Diamond on :
FYI. I kept on sending 2 weeks / month a reminder to RD and MDGM.
RD's mailaddress is giving for the 2nd time a failuremessage.
unitedsharecorp*yahoo.com
Anybody any alternative mailaddress ?
Posted by IWISHIHAD on :
DD,
I don't think that's a very good sign, maybe since MDGM is hardly trading, RD. has cut back on expenses.
Posted by Double Diamond on :
I think he's spending our money somewhere ...
Posted by IWISHIHAD on :
One thing is for sure,we are not seeing any of it. The first of the year is coming, I guess the upside is we can write it off ,I think.
Posted by Double Diamond on :
Send this the 12th to the SEC - no answer yet
Dear,
I know that it is your modus operandi not to communicate on any investigations. Still I wonder what is going on. UDVE is no longer trading (no longer exists), so I would kindly like to ask you : Are you looking into the practices of R Doherty and UDVE ? It seems that Mr Doherty was involved in Greyfield Capital (GRYF).
If you have an investigation running in UDVE this could not harm the PPS !
We're nearly 6 months later and the dividend is not there, there have been no communications, Mr. Doherty can not be contacted ? MDGM has at the same time lost its value completely.
It would like to know if I'll ever get my money.
Kind regards,
Double D
Posted by OnceApenny on :
Good move DD. Think if we want to see any dividend, everyone on this thread has to complain weekly, till the sec get sick of us. Maybe a standard letter of complain, so we only have to copy and paste. Think IWI will agree with this action.
Posted by IWISHIHAD on :
I agree 100%. The only way we as investors can make a change to what's happening, is to file complaint's with the sec. and any organization that might help. It is getting to the point where some of these company's (CEO'S) feel they can do anything they want with investor money without any accountability and it appears they are right. We as investors have to keep after the sec. and other agencies, then one day it will change. It is a pain for investors to do this, but is well worth it, in a long run. With UDVE I hope it not to late, although we did try,lets keep trying. Rd. makes no attempt to inform us of anything as investors, so what else can we do.
Posted by Double Diamond on :
It is funny, isn't it ? Some of these guys indeed just keep on going for it. They start up some business here, some there. Look at the MLONs, CMKXs, ICANs of this world.
What's even more funny : they get away with it.
We're at the wrong part of the business. Let's start up a business, pump it over here, increase the O/S to billions, then just leave ...
with the dollars in the pockets !
Posted by Double Diamond on :
Preparing a new mail for the SEC (as I received no answer from the last one + that gave me time to run through some PR's) :
Have some questions in regards to MDGM :
November PR made the following suggestions :
“Going for Gold - Mindenao Gold Mining (OTC: MDGM) have signed a Letter of Intent with a private investment group for an acquisition of the Grand Pacaraima Gold property. The property is located in Southern Venezuela near the borders of Brazil and Guiana. This concession was granted in 1981 for 40 years at 3,500 meters long by 3,000 meters wide or approximately 4 square miles. Based upon completion of the transaction, Mindenao Gold Mining would propose a name change and discontinue any future development program in the Philippines.”
So what they’re saying is : we had good claims. Ref. PR 08/03/2005 :
“Mindenao operates in the Philippines under the company name Siennalyn Gold Mining. The company has rights to mine on more than 4,700 hectares of land, which is equivalent to 11,617 acres, in one of the richest island groups in the Philippines. This island group contains more than 80% of the country's iron reserves and sizeable deposits of the country's gold and other precious metal reserves. The company has made available to the public, imagery maps and a geological report of its mining operations in the Philippines. This information can be found at http://www.rbic.us/philippines/sgmc/scan/. There are more than 54 pages of documentation. The company urges all investors to thoroughly review all information and to contact the company with any questions. “
MDGM owns 100 % Siennalyn. The link gives you info from a so called independent report dating back from … 1998. MDGM wanted to invest in it together with the Riverbank Corporation (I think it’s www.rbic.us - holds approx. $ 2.2 billion on investment money).
Source :
Manilla Times (07/23/2005) “UPON completion of its merger with local firm Siennalyn Mining, US-based and locally listed Mindenao Gold Mining Corp. (MGM) together with Riverbank Corp., an American investment company, will be investing additional capital for a Zamboanga del Sur exploration project in the next quarter.”
… and now they are backing out of the deal and want to change their name again ?
This has Doherty written all over !
************************
Any comments before I send it ?
Posted by IWISHIHAD on :
It's interesting how things seem to repeat themselves on some of these stocks. Stokker what's the word on our divy these days?
Posted by stokker on :
IWI, I've already expressed my opinion on Dec. 8th post.
Posted by Double Diamond on :
Stokker,
Why would the new stock bounce (ref your assesment of the 8th) ? Let me explain :
UDVE is not linked to MDGM, therefor not to the potential r/s 'new' stock. There should be no impact.
rgds,
dd
Posted by stokker on :
DD, between UDVE and MDGM there isn't a link, too. In the anarchical PK world everything is possible, knowing the "rules".
Posted by IWISHIHAD on :
The divy is always over the Horizone. All these events have to happen to get our divy, never a date or press release about anything. There has never been any doubt in my mine that Rd. controls MDGM, officially or unofficially. The tactics are the same in MDGM as were used in UDVE. He tries hard with PR's to get investors in, with little success so far. I would't be supprised if some of the buys are his money or our money, trying to spark interest. Even his last 2 PR's did little. Our divy should have nothing to do with MDGM, unless he is trying to manipulate the market by doing this. Again when is the date of the divy? (month,year) Where is this fund being held? We never hear anything from RD. offically .
Posted by jimbonelson1 on :
Hello everybody. I am new to this list. I have read back from early Nov to see if somebody has had a similar experience to me.
I held 100,000 shares of UDVE and on 6/30/2005, and it did the reverse split/name change to 10 shares of MDGM.
On 11/9/2005 an additional 90 shares of MDGM showed up in my account, with the following description: MINDENAO GOLD MINING CORP R/U SHS FROM 06/30 REV SPLIT
Is this the divy that everyone is talking about???
I am trying to get some additional info from my broker. I'll let you know what I find out.
jim
Posted by Double Diamond on :
Jim,
It's not the dividend. Seems strange. The divend should be $0.00575/share and is still to be paid.
Rgds,
dd
Posted by IWISHIHAD on :
We hope it's not the divy, or maybe that's all we will get.----- Lucky us.
Posted by IWISHIHAD on :
Jimbonelson1,
Were you able to find out anything on your extra shares?
Posted by jimbonelson1 on :
quote:Originally posted by IWISHIHAD: Jimbonelson1,
Were you able to find out anything on your extra shares?
No, not yet. We have been dealing with heavy rains here, so I've had to put that on the back burner.
TDWaterhouse's great support hasn't bothered to call me back. I'll call again on Tuesday and let you know what I find out.
jim
Posted by Double Diamond on :
To : MDGM Cc : Sec
Send today ...
************************************
Dear,
cc. Sec enforcement - general mailaddress
I have been sending you the mail below on several occasions (last time - 12/12/2005). I get no response what soever.
You leave me no alternative than to start copying the SEC in.
Kind regards,
xxxx - Belgium
xxxx wrote:
> Dear, > > Any news on this ? > > xxx > > xxx wrote: > >> Dear, >> >> As an investor in your firm, I'm entitled to information. You claimed wanting to be open to your shareholders. Why do you not act like it and answer me ? >> >> rgds, >> >> >> xxx >> >> xxxx wrote: >> >>> Dear, >>> >>> Any news on my questions ? >>> >>> >>> Kind regards, >>> >>> >>> xxxx >>> >>> xxx wrote: >>> >>>> Dear, >>>> >>>> I became a shareholder of your company through UDVE. My 4.5 million shares which costed me a lot of money, became a small 451 shares of MDGM. Looking at the way things went, looking at the PPS : I didn't ask for this and I feel to be the victim of a scam. >>>> >>>> Some facts : >>>> >>>> UDVE pumped with numerous PR's their stock (cash dividend of $ 0.00575/ UDVE share - 100 million retiring of stock). >>>> >>>> Without prior notice you reversed merged into UDVE. The assets of UDVE went to a so called private entity. >>>> >>>> Mr. Doherty resigned out of UDVE, but is still the contactperson. Numerous mails and calls to Mr. Doherty, are unanswered. >>>> >>>> Your company states to have nothing to do with UDVE. >>>> >>>> Dilution of stock by you (you started with an O/S of 20 million and now, within short notice, you already made public statements that the O/S was raised to 44 million) >>>> >>>> >>>> >>>> I hope you understand that I question the so-called 'we have nothing to do with UDVE'-statement and that I would like to receive some answers from you. >>>> >>>> 1. Why did you just not IPO ? You claim to have the goods (ref your several PR's). Why then reverse merge into a pinksheet stock like UDVE ? I claim to own about 1 to 1.5 % of UDVE with my 4.5 million shares. It seems that I have no rights to it. UDVE took his assets private leaving me standing in the cold (this is called theft). I question the action that was taken by UDVE, and I question the fact that I became a shareholder of your firm. Taking part in this operations, you must have known that there are legal risks involved. Why would you take those risks knowing that you just could have IPO'd under a new, not polluted symbol ? Pls. explain, because I do not understand this ? >>>> >>>> 2. You claim to have bought the shell of UDVE ? How much did you pay for this to UDVE or any other person ? Was this in cash and/or stock and/or claims ? >>>> >>>> 3. You gave mail address and telephone number of Mr. Doherty. As he seems to be totally uninterested in what his shareholders ask him : do you have any other addresses, e-mail addresses, persons that can be contacted ? >>>> >>>> 4. What was the O/S of UDVE when you took over ? You claim to give full transparency (ref your PR's). This must not, together with my other questions, be so difficult to answer to one of your stockholders. >>>> >>>> 5. Why are you 'expanding' your O/S so drastically ? >>>> >>>> 6. Doherty claimed some weeks ago in one mail of mine that was answered, that we were going to be paid. Any news on that ? You must receive enough complaints from shareholders like me not to be in contact with Mr. Doherty. >>>> >>>> I hope to receive answers from you asap. >>>> >>>> >>>> Kind regards, >>>> >>>> >>>> xxx - Belgium >>>> >>> >> >
Posted by Double Diamond on :
To : R. Doherty (if his mailaddress is still functioning)
cc : Sec
Send today ...
*************************
Dear,
cc. SEC - general mailaddress
I have been asking you when our dividend will be paid and when we will hear more about the assests UDVE still has. I have but twice received an answer. That was more then 6 months ago.
The answer was :
"rob doherty wrote:
We are committed to delivering dividend to united shareholders of record as of June 30 05. Date of delivery is still undetermined "
I have approx. 1.5 % of UDVE (4.5 million shares). I'm entitled to know what is happening.
Pls. revert feedback to me.
xxxx
xxxx wrote:
> Mr. Doherty, > > Any chance on getting an update, status of the UDVE assets and its dividend ? > > Kind regards, > > > xxxx > > xxxx wrote: > >> Any news ? >> >> xxxx wrote: >> >>> Dear, >>> >>> Do you even bother about your investors ? >>> >>> >>> xxxx >>> >>> xxxx wrote: >>> >>>> Dear, >>>> >>>> Any news ? >>>> >>>> xxxx >>>> >>>> xxxx wrote: >>>> >>>>> Mr. Doherty, >>>>> >>>>> Any comments ? >>>>> >>>>> xxxx >>>>> >>>>> xxxx wrote: >>>>> >>>>>> Dear, >>>>>> >>>>>> Still no answer + in the mean time I've seen that you've given us a stock that went to ... 0.055. >>>>>> >>>>>> Mr. Doherty, I seriously start doubting the integrety of MDGM, UDVE and you. >>>>>> >>>>>> xxxx >>>>>> >>>>>> xxxx wrote: >>>>>> >>>>>>> Dear, >>>>>>> >>>>>>> Thanks for answering me back a while ago. After reading the PR's of Mindenao Gold Mining however I'm confused. >>>>>>> >>>>>>> I get their stock (450 shares), but had no intention to invest in them. Your entitiy (wrongly referred to still as United Development International in the PR of the 20th of July) will still handle questions on the dividend. The questions asked get a very short answer. What is going on ? I would only like to get clarification on the following : >>>>>>> >>>>>>> Could you pls. confirm to me that in the near future (read : within a reasonable time) I will get $ 25 875 as a cash dividend paid to me via my broker coming from your entitiy (4.5 million UDVE shares * $ 0.00575) ? That is what was promised in your PR's. >>>>>>> >>>>>>> Kind regards, >>>>>>> >>>>>>> >>>>>>> xxxx >>>>>>> >>>>>>> >>>>>>> rob doherty wrote: >>>>>>> >>>>>>>> We are committed to delivering dividend to united shareholders of record as of June 30 05. Date of delivery is still undetermined >>>>>>>> >>>>>>>> */xxxx* wrote: >>>>>>>> >>>>>>>> Dear, >>>>>>>> >>>>>>>> 3rd time. Anybody out there ? >>>>>>>> >>>>>>>> Regards, >>>>>>>> >>>>>>>> xxxx >>>>>>>> >>>>>>>> xxxx wrote: >>>>>>>> >>>>>>>> > Dear, >>>>>>>> > >>>>>>>> > I've send you the mail below last week. I have not received an >>>>>>>> answer >>>>>>>> > yet. >>>>>>>> > >>>>>>>> > I've seen the MDGM shares in my account. Still, I'm worried >>>>>>>> about past >>>>>>>> > promises that were made to investors in regards to the cashdivy of >>>>>>>> > $0.00575/UDVE share. I hope you understand that I would like >>>>>>>> clarity >>>>>>>> > on this asap. >>>>>>>> > >>>>>>>> > >>>>>>>> > I have as an extra following questions on top of the ones mentioned >>>>>>>> > below : >>>>>>>> > >>>>>>>> > * Does the following quote out of the PR last week refer to the $ >>>>>>>> > 0.00575 divy and will you pay this and (if yes) by when ? 'Also, >>>>>>>> any >>>>>>>> > future payouts announced previously in United will be the >>>>>>>> > responsibility of United Shareholders Holding Corp."- >>>>>>>> > >>>>>>>> > * Why did these actions take place (Mr. Doherty leaving/ Reverse >>>>>>>> split >>>>>>>> > to MDGM/ etc.) ? >>>>>>>> > >>>>>>>> > * The O/S published on the pink sheets was it correct >>>>>>>> (448,195,430 as >>>>>>>> > of 2005-06-08 Estimated Market Cap: 179,278 as of 2005-06-28 >>>>>>>> (based on >>>>>>>> > Outstanding Shares as of 2005-06-08) ? >>>>>>>> > >>>>>>>> > * What is the O/S of MDGM ? What percentage has your holding in it ? >>>>>>>> > >>>>>>>> > * Is there an IR person for your organization and/or for MDGM ? >>>>>>>> > >>>>>>>> > >>>>>>>> > I hope you can answer me asap. The lack of further information >>>>>>>> is at >>>>>>>> > this moment not appreciated by me, nor by any other investor in >>>>>>>> your >>>>>>>> > company. I would be grateful that you communicate on this and that >>>>>>>> > past errors in PR's under the UDVE-flag would not be repeated (I'm >>>>>>>> > referring to the statements made on assets). >>>>>>>> > >>>>>>>> > To be open towards you : I have posted last weeks mail on several >>>>>>>> > message boards and will do so with this one and your answer(s) >>>>>>>> as well. >>>>>>>> > >>>>>>>> > >>>>>>>> > Kind regards, >>>>>>>> > >>>>>>>> > >>>>>>>> > xxxx >>>>>>>> > >>>>>>>> > >>>>>>>> > >>>>>>>> > xxxx wrote: >>>>>>>> > >>>>>>>> >> Dear, >>>>>>>> >> >>>>>>>> >> I have currently 4.5 million shares of UDVE. I saw the sudden >>>>>>>> >> communication yesterday. Could you assist me in the following >>>>>>>> >> questions : >>>>>>>> >> >>>>>>>> >> 1. Will UDVE still be tradable ? If so, till when ? >>>>>>>> >> >>>>>>>> >> 2. When will the $0.00575 dividend be paid ? >>>>>>>> >> >>>>>>>> >> 3. How many shares of MDGM will we obtain ? >>>>>>>> >> >>>>>>>> >> Could you reply to both e-mail address stated, pls. ? >>>>>>>> >> >>>>>>>> >> Thanks in advance, >>>>>>>> >> >>>>>>>> >> >>>>>>>> >> Kind regards, >>>>>>>> >> >>>>>>>> >> >>>>>>>> >> xxxx - Belgium >>>>>>>> >> >>>>>>>> >> >>>>>>>> >> >>>>>>>> >> >>>>>>>> > >>>>>>>> > >>>>>>>> >
Posted by IWISHIHAD on :
Double Diamond,
I have a little problem following this but it appears you got a recent reply from RD. Was there something posted somewhere? Of course I don't have much hope for anything, but it appears you got a reply, that is more than we got before.
Posted by IWISHIHAD on :
Double Diamond,
Sorry ,I went back and read again those replies,that was 6 months ago. I misread that.
Posted by Double Diamond on :
Iwishihad,
Correct.
RD is no longer 'available' (if he ever was), so I made some extra compilation mails to the SEC and cc'd MDGM and RD in.
It's been too long waiting to get paid.
Posted by jimbonelson1 on :
I finally found out why I received an additional 90 shares of MDGM in November.
I initially had 100,000 shares of UDVE, which reverse split to 10 shares of MDGM. Out of the kindness of their hearts, they 'gave' everyone that ended up with less than a round lot whatever it took to get them up to 100 shares.
Better than a poke in the eye with a pointy stick, I guess. 8^)
jim
Posted by IWISHIHAD on :
Double Diamond,
Have you gotten any response to your E-Mails? We don't even hear anything from Stokker.
Posted by Double Diamond on :
No response what soever ... I hate this !
Posted by kruimel on :
Double Diamond, I am from Belgium too! Whats your mail address? greetz Kruimel
Posted by Double Diamond on :
Kruimel,
Ik blijf graag anoniem. Ik weet dat dit board geen mail toestaat.
I have made numerous complaints about UDVE/ R Doherty and MDGM in the past to the NASD and your organisation.
Today I've copied you in mails send to both Doherty and MDGM.
Fyi. the mailaddress of R Doherty is no longer functioning. I do not have any alternatives to contact this man. The bird has gone flying ... so to speak. And I'm left with a very bad experience. I saw my investment shrink to 0 and UDVE still owes me + $25 000.
I regret the fact that there's a lack of communication from you and other organisations on this as UDVE is no longer trading (and officially MDGM has nothing to do with UDVE nor with Doherty - although I would question this). My statement is that any communication from your part would not have any effect what soever, it would however help us, investors who are left in the dark by both the company and you at present.
In addition to all this I would like to express my concerns in regards to the following, this is in regards to MDGM :
November PR made the following suggestions :
“Going for Gold - Mindenao Gold Mining (OTC: MDGM) have signed a Letter of Intent with a private investment group for an acquisition of the Grand Pacaraima Gold property. The property is located in Southern Venezuela near the borders of Brazil and Guiana. This concession was granted in 1981 for 40 years at 3,500 meters long by 3,000 meters wide or approximately 4 square miles. Based upon completion of the transaction, Mindenao Gold Mining*/ would propose a name change and discontinue any future development program in the Philippines./*”
So what they’re saying is : we had good claims. Ref. PR 08/03/2005 :
“Mindenao operates in the Philippines under the company name Siennalyn Gold Mining. The company has rights to mine on more than 4,700 hectares of land, which is equivalent to 11,617 acres, in one of the richest island groups in the Philippines. This island group contains more than 80% of the country's iron reserves and sizeable deposits of the country's gold and other precious metal reserves. The company has made available to the public, imagery maps and a geological report of its mining operations in the Philippines. This information can be found at http://www.rbic.us/philippines/sgmc/scan/. <http://www.rbic.us/philippines/sgmc/scan/> There are more than 54 pages of documentation. The company urges all investors to thoroughly review all information and to contact the company with any questions. “
MDGM owns 100 % Siennalyn. The link gives you info from a so called independent report dating back from … 1998. MDGM wanted to invest in it together with the Riverbank Corporation (I think it’s www.rbic.us <http://www.rbic.us> - holds approx. $ 2.2 billion on investment money).
Source :
Manilla Times (07/23/2005) “UPON completion of its merger with local firm Siennalyn Mining, US-based and locally listed Mindenao Gold Mining Corp. (MGM) together with Riverbank Corp., an American investment company, will be investing additional capital for a Zamboanga del Sur exploration project in the next quarter.”
… and now they are backing out of the deal and want to change their name again ? This looks like another pump and dump if I might be so bold and has R Doherty written all over it !
I hope I'm helpful in providing you this info as I fear that MDGM is not being open with its investors + I would appreciate any info that could help me and other investors in regards to the 'theft in assets and dividend' from R Doherty/UDVE.
I know that I invested in a pink sheet stock. Still there are some rules that should be respected. Stealing assets and promised dividends (ref my other mails) can not be one of them. I rely on your organisation to assist.
I will be posting this and other info on some message boards. I do not wish that people like Doherty run off unpunished. I will as well start an enquiry with the European authorities on what they can do to help me.
Kind regards,
xxx
Posted by IWISHIHAD on :
Double Diamond,
Good points. These Government agencies seem like they want to downplay the penny stocks, but at the same time want to be paid to oversee them. The bottom line is they have a responsibility to enforce the laws and rules, yet they don't really seem to care.
Posted by IWISHIHAD on :
Where is Stokker? He said he had contact with RD. at some point, maybe he knows how to contact him. It appears no one else can get an answer.
Posted by Double Diamond on :
Last post was Dec. 28th. Wonder as well where he is.
Posted by Double Diamond on :
I bet you this will be ... more dillution
Mindenao Gold Agrees to Merge
Internet Wire via COMTEX
Jan 26, 2006 9:00:06 AM
VERNON, BC, Jan 26, 2006 (MARKET WIRE via COMTEX) --
Mindenao Gold Mining Corp.(OTC: MDGM) has executed a final agreement to merge with Grand Pacaraima Gold Corporation. Under the terms of this agreement, the formal name of the newly merged entity shall be Grand Pacaraima Gold Corporation. Extremely mineralized properties are in the Pacaraima region located in Southern Venezuela near the borders of Brazil and Guyana. Full development and mining rights have been acquired for the Cerro Trompa Mine located 8 kilometers northeast of Icabaru, plus other mining properties including the San Miguel, Mosquito and Zapata Mines. The primary concession was granted in 1981 for 40 years on properties 3500 meters long by 3000 meters wide or approximately 4 square miles.
"Reserves of these extremely substantial properties have been estimated by Professor Rodrigues at $580 million based upon $350 gold prices. Selected samples of 80.86 grams per ton or 2.6 troy ounces per ton were recovered from the Cerro Trompa's 1580 foot elevated peak with five strike zones," stated Manuel Castora, senior partner with the Castora Family Partnership. Based upon additional sampling and assays in coming months, development is expected to commence this year.
Further Information About Mindenao: Mr.Dodong Abelino Mindenao Liason 63-2-335-2175
SOURCE: Mindenao Gold Mining Corp.
Posted by IWISHIHAD on :
RD. has not put his name out officially yet with MDGM, he is waiting for everyone to forget about UDVE. UDVE is looking like a dead cause, looks like he is going to win with investor money.
Posted by IWISHIHAD on :
Anyone get any E-Mails back or heard anything.
Posted by Double Diamond on :
Last page of the PDF file. RB is linked to MDGM. MDGM leaves PH. Who takes over ? Is it RB ?
I don't know the game these guys are playing, but it seems they sure play around.
fyi MLON - RB holds 5 billion shares.
Posted by IWISHIHAD on :
Did you read the part about more holding companies. What with that?
Posted by Double Diamond on :
We're in the dark here. I wonder when Doherty will pop up again.
Stokker, where are you by the way ?
Posted by IWISHIHAD on :
It appears to me that there is a way of holding investor assets up in these holding companies and then start up a new company by just changing names. It does not appear that they have any plans of distributing these assets to share holders, as we well know at this time. I still do not get how the SEC. allows a publicly traded company to take the assets to a private source and not declare the where abouts of these assets and a update on disbursement. No accountability. Stokker must be hiding
Posted by Double Diamond on :
agree on your statement.
who/ which organisation in the States should I be stalking to try and get attention ? Tried SEC and NASD.
Posted by IWISHIHAD on :
I am not sure those are the most used, I think. My guess is that these holding companies are in Canada somewhere. I would love to know the legality of taking a public company into a private holding company and not keeping investors updated and given appraised value of assets. I guess it is legal because they did it and no one has done anything about it. It could be nothing is there of any value anymore, but again you would think they would have to account for this to investors. Most other options would cost money to use and I do not think we have enough investors who would want to put up any more money.
Posted by IWISHIHAD on :
Double Diamond,
Read the PR. on the post for the stock PAIM under jakeo's post dated Feb 21, see what you think. I'm interested if you read it like I do.
Posted by Double Diamond on :
Nice find.
So : MDGM is linked with Riverbank.
Riverbank holds 5 billion of MLON shares (now Paychest).
MDGM got some Philipinnes goodies they are no longer interested in. Thye want to step into a new adventure in Sout America.
PAIM gets shares of MLON. And states in a PR that MLON is not the major shareholder. No, because its most likely RB.
This is so closely linked.
I think Doherty is but a straw man.
MANILA, PASIG CITY, PHILIPPINES, Feb 21, 2006 (MARKET WIRE via COMTEX) -- Pearl Asian Mining Industries, Inc. (PAIM), clarifies that in December of 2004, it sold its 40% interest in Western Pacific Minerals, Ltd. that owned the 49 Silver Mining Claims located in the Slocan Area of British Columbia, Canada to Paychest, Inc. (formerly Mellon Research) in return Pearl Asian received 500,000,000 common shares of Paychest, Inc.
Pearl Asian Mining did not issue any shares of Pearl Asian Mining Industries, Inc. to Paychest as a part of that exchange.
Pearl Asian wishes to end rumors that Paychest is a major shareholder in Pearl Asian Mining.
Other than being a minority shareholder in Paychest, Pearl Asian is not connected to Paychest. Nor has Paychest (or Mellon) ever owned or had any control of Pearl Asian; nor has there ever been any officers, directors or management of Pearl Asian in common with Paychest or Mellon.
Forward-Looking Statements:
This news release may contain forward-looking statements concerning the Company's business and future prospects and other similar statements that do not concern matters of historical fact. This Forward-Looking Statement is based on the Company's current expectations. There are numerous factors that could cause results to differ and the Company's current expectations are subject to all of the uncertainties and risks customarily associated with developing business ventures. The Company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements contained in this release. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, or otherwise.
SOURCE: Pearl Asian Mining Industries, Inc.
Posted by Double Diamond on :
Interesting and I'm confused now
Posted by OnceApenny on :
Someone sold his 100 shares. still have mine.
Saw some dutch over here and i thought, die nederlanders zitten toch ook overal hè.... of belgen. What the hack.
Posted by IWISHIHAD on :
Double Diamond,
This whole thing is strange. How did Mellon become Paychest? Paychest appears to be located in Mexico, with some type of office in Calif. incorporated in Ariz. the same as Mellon was. Mellon's INC. is final, where as it appears that Paychest's Inc. is pending something, if I looked it up correctly. This Riverbank Corp. which was somehow set to hook up with RD. owns all those shares of Mellon. If I remember right both Riverbank and MDGM have INC. in Oregon. And then the PR. by Paim and there mention of Mellon. Maybe its all coincidence. I am not sure I want to know anymore. If you want something else Find Truthlieswhithin post from yesterday under RTVG. Kamloops pops up again, weird.
Posted by Double Diamond on :
OnceApeeny,
I'm Belgian, you are ...
Posted by Double Diamond on :
Iwish,
Thx for pointing me in the direction. I get frustrated about this as well.
Posted by IWISHIHAD on :
Double Diamond,
This sure is ugly the more we dig. The big question is where is all this money going?
Posted by BuyTex on :
quote:Originally posted by IWISHIHAD: Double Diamond,
This whole thing is strange. How did Mellon become Paychest? Paychest appears to be located in Mexico, with some type of office in Calif. incorporated in Ariz. the same as Mellon was. Mellon's INC. is final, where as it appears that Paychest's Inc. is pending something, if I looked it up correctly. This Riverbank Corp. which was somehow set to hook up with RD. owns all those shares of Mellon. If I remember right both Riverbank and MDGM have INC. in Oregon. And then the PR. by Paim and there mention of Mellon. Maybe its all coincidence. I am not sure I want to know anymore. If you want something else Find Truthlieswhithin post from yesterday under RTVG. Kamloops pops up again, weird.
Mexico connection, too, if I remember correctly.
DOH!--read too fast...y'all are already on to the Mexico connection.
good DD, fellas...
Posted by IWISHIHAD on :
Double Diamond,
Are you watching GWGO this is interesting, i am curious how this one plays out.
Posted by Double Diamond on :
Yep, Is it rue or not ? We already had some experience with 'promises'.
Posted by IWISHIHAD on :
This stock is now GPGD and appears to be merging again, it goes on and on.
Posted by Double Diamond on :
Iwishihad,
Correct ! By the way : the 'stoker' I mailed to wasn't our 'stokker'.
Now, Grand Pacaraima will totally focus its development operations on the four mining properties in Southern Venezuela near Icabaru including the Cerro Trompa with its 1580 foot elevated gold plume, San Miguel, Zapata Mine and Mosquito.
The primary concession which was received in 1981 for forty years covers approximately 4 square miles. Professor Rodriguez has estimated that these substantial mining properties have reserves of $580 million based upon $350 gold prices on selected samples of 80.86 grams per ton or 2.6 troy ounces per ton.
Investors will be updated in April on plans for revised assays on the four properties plus production negotiations. Limit orders are urged since the float is restricted to approximately 5 million shares and there is short interest.
Posted by IWISHIHAD on :
Double Diamond,
Strange I thought maybe you were going to get an inside track from him, I am surprised this site did not pick up the name as the same unless the other Stokker is gone.
Posted by IWISHIHAD on :
Anything new here?
Posted by IWISHIHAD on :
Double Diamond,
We better send something off to the SEC. while they are hot, I wish.
Posted by OnceApenny on :
OnceApeeny,
I'm Belgian, you are ...
Sorry Double Diamond. I missed that but I'am Dutch.
Posted by OnceApenny on :
IWI what we can do??? We only need Robert D. head. I mean "Wanted Dead or Alive" Lol.
Posted by Double Diamond on :
SEC ?
Done that, did that. I get no answer what so ever.
Anybody know where we can find ... RD ?
Posted by Double Diamond on :
Nearly one year since Doherty ran with our money.
I've send a reminder to the SEC and NASD.
Anybody else care to join the parade?
Posted by lhsmithnet on :
Is there anyone here that is still interested in this stock?
![[Smile]](smile.gif)