posted
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 .
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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.
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 >>>> >>> >> >
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posted
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 >>>>>>>> >> >>>>>>>> >> >>>>>>>> >> >>>>>>>> >> >>>>>>>> > >>>>>>>> > >>>>>>>> >
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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.
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posted
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^)
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.
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.
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posted
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.
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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
posted
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.
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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
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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.
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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.
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