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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.
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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.
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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.
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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.
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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!
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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...
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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.
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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.
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