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I would only comment... thats a given.
The dividend we WERE given hasnt even traded a single share since they were issued... and removed. And MDNO wallows in obscurity with no MM representation, and my guess, no business model to speak of.
Look at the bright side... MDNO is a write-off for us, and MDNO is simply just a write-off for those who are on the payroll getting paid...
NADA.
I received several emails from teri norgrove, the new ceo. she is totally inexperienced and unable to manage a public company. she doesn't know anything about managing these dividends. where did she come from? was her qualification for this position anything more than her pulse?
i asked her for a direct phone number so that I could discuss our concerns. she refused to provide her # and told me (and ameritrade) to "leave a message" on the 800 line's voice mail.
I have BofA, and mine are gone as well.
Just contacted ETRADE, my shares are also gone from last week in Western Pacific. I'll let you know if I get the same response.
sorry
just wanted to know when we gonna be able to trade
these shares..
My million shares of WPMLF were taken out of my Fidelity account. I spoke with a rep online this is what they said happened:
"Thanks again for holding. They said that our depository deposited the shares from the distribution in good faith that they would get paid by the transfer agent. When they were not paid by the transfer agent, they removed the shares. She said once they straighten out the payment of the shares, they will likely be redeposited back in your account."
Ameritrade is trying to contact Teri Norgrove to determine the identity of the WPMLF transfer agent. Does anybody know?
MDRG CEO said that the GPGD shares are not yet available for distribution.
Has GPGD Dividend shown up yet? It still hasn't shown with ETRADE.
i don't understand your question
So when is ther going to be market with
MDRG??
to 0.50 ?
Ameritrade told me that they contacted the transfer agent to determine the delivery date of my dividend shares..
Teri Norgrove (new president of MDRG) suggested that I "hold them (WPMLF shares) for long term investment, give them as a gift for tax write off, or sell them when/if there is a market".
How could I use them as a tax write off if my cost basis is $0?
Ameritrade lied. No shares in my account. Big deal- what could I do with them if I did receive them?
Ameritrade told me that my gazillion WPMLF shares will be in my account on Thursday
My shares for Western Pac (WPMLF) just showed up in my account.
Well- it can't hurt.
Can't trade MDRG and WPMLF. But we sure have lots of shares.
I guess they had to distribute the shares. They have no value.
o.k. now I am totally confused
any one explain this latest news?
this must be a good thing but I can't still trade anything?
anyone ?
Hmmm...
So, I will have 800,000 shares of a company that does... :)
Modern Energy Announces DividendFont size: A | A | A10:54 AM ET 6/6/08 | Market Wire
RELATED QUOTES
3:37 PM ET 5/29/08
Symbol Last % Chg
MDRG 0.00 0.00%
WPMLF 0.00 0.00%
Quotes delayed at least 15 minutes
Modern Energy Corp. (PINKSHEETS: MDRG) (FRANKFURT: ME2C) (FRANKFURT: ME2C.F) announced today that the company is paying its common shareholders a dividend of 2 shares of WESTERN PACIFIC MINERALS, LTD. for every 1 share of MDRG held as of today.
The dividend was announced by NASDAQ as having an Ex-dividend date of June 9, 2008 as per: http://www.otcbb.com/asp/dividend.asp?sym_id=mdrg.
About Modern Energy Corporation
Modern Energy has wholly owned subsidiaries on the island of Mindanao in the Philippines which have mineral rights and agricultural land interests. The mineral rights have the potential for economically viable mining of copper, gold, silver and other minerals. The agricultural land interests involve 250,000 hectares (over 600 thousand acres) of agricultural land suitable for growing palm oil, jatropha and other feedstocks for the production of biodiesel. In addition, the Company holds marketable securities in various companies including but not limited to WESTERN PACIFIC MINERALS, LTD. WALL STREET SECURITIES, INC., XXSTREAM ENTERTAINMENT and INFINITY MINING. The Company is planning on continuing to distribute dividends to Modern Energy shareholders in the form of shares of these marketable securities during 2008.
Contact: Teri Norgrove President Modern Energy Corp. info@modernenergycorp.com
I wonder why we see no activity in those time frames. None. Strange. There should show at least a spike of trading in 3Q04 & 2Q06.
~ASW~
Pearl Asian Mining Industries Inc. announced today a Special Corporate Resolution in which by unanimous decision of the Corporate Board held on August 5, 2004 in Vancouver, B.C. Canada, WESTERN PACIFIC MINERALS Ltd, a wholly-owned subsidiary of PRMN is to be spun-off to its shareholders of record on September 31, 2004. WESTERN PACIFIC MINERALS Ltd currently holds 49 silver mining claims located in the Slocan Creek Region of British Columbia, Canada.
Pearl Asian considers this process positive and potentially a profitable opportunity benefiting each shareholder of PRMN. Shareholders will receive 1 share of WESTERN PACIFIC MINERALS Ltd as a distribution for each share of PRMN held on September 31, 2004.
PayChest Intends to Pay a Dividend in Western Pacific Minerals Shares
MEXICO CITY, MEXICO--(CCNMatthews - May 1, 2006) - PayChest, Inc. (OTCBB:PYCT) today announced that it intends to pay its shareholders 1 share of Western Pacific Minerals (a Vancouver BC company) for every share of Paychest held on the record date of today thru May 26, 2006.
(IAHL) - INTEGRITY AIRCRAFT - FLY US TO THE MOON, PVD! - Tick...Tock.
Looks like we are not the first shareholders to be given a dividend of WPMLF
PayChest Intends to Pay a Dividend in Western Pacific Minerals Shares
MEXICO CITY, MEXICO--(CCNMatthews - May 1, 2006) - PayChest, Inc. (OTCBB:PYCT) today announced that it intends to pay its shareholders 1 share of Western Pacific Minerals (a Vancouver BC company) for every share of Paychest held on the record date of today thru May 26, 2006.
In order to accomplish this dividend payment, Western Pacific will have to undergo a forward split of 100 for 1 bringing Paychest's holdings up to 20,000,000,000 shares. Western Pacific is the beneficial owner of 50 silver mining claims in an area of Canada that historically has been rich in silver deposits.
Alejandro Cerda CEO of Paychest stated, "the reason for paying the dividend was the result of a decision to focus Paychest on its new business model and divest our interests of unrelated investments. This new focus gives us an opportunity to reward our shareholders with a dividend in a silver mining company at a time when silver has become more economically feasible to mine and highly profitable.
PayChest also confirms today that the programming for the upgrading of the company's Internet Payment System is on schedule and is now 80% complete.
Negotiations are still ongoing with a number of new potential gateway partners, which will enable PayChest members to fund their transfers and online purchases using credit cards.
The company also plans to launch its own PayChest ATM card which can be funded from a PayChest members account online.
This will enable PayChest members to withdraw funds from any of the one million ATMs in 160 countries around the globe.
PayChest Inc. continues to eye the payment gateway markets not being serviced by PayPal around the world including the Philippines.
According to some reports, the government of the Philippines said its economy grew at the fastest pace in more than eight years because workers overseas sent home more money than ever -- $10.8 billion.
PayChest is uniquely positioned to capture this market segment along with the raging Asian markets like China and the emerging Central and South American economies.
Pearl Asian Mining Industries Inc. announced today a Special Corporate Resolution in which by unanimous decision of the Corporate Board held on August 5, 2004 in Vancouver, B.C. Canada, WESTERN PACIFIC MINERALS Ltd, a wholly-owned subsidiary of PRMN is to be spun-off to its shareholders of record on September 31, 2004. WESTERN PACIFIC MINERALS Ltd currently holds 49 silver mining claims located in the Slocan Creek Region of British Columbia, Canada.
Pearl Asian considers this process positive and potentially a profitable opportunity benefiting each shareholder of PRMN. Shareholders will receive 1 share of WESTERN PACIFIC MINERALS Ltd as a distribution for each share of PRMN held on September 31, 2004.
is it safe to figure that there is some cost to create/distribute this dividend? since there seems to be no value to the shares, why bother?
WPMLF is Canadian: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=wpmlf
(IAHL) - INTEGRITY AIRCRAFT - FLY US TO THE MOON, PVD! - Tick...Tock.
thank you for the information. that shows some thing/ but I think we will only be able to trade 10 persent in one year like gpgd.
Just because there has been NO trading in >5 years does not necessarily mean Doom or Gloom. Recent trading activity indicates that someone possibly acted on inside information. ~ASW~ This is the only chart I have found at this point:
http://bigcharts.marketwatch.com/charts/big.chart?symb=wpmlf&compidx=aaaaa%3A0&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&size=2&state=8&sid=3122995&style=320&time=12&freq=2&nosettings=1&rand=9333&mocktick=1&rand=1482
(IAHL) - INTEGRITY AIRCRAFT - FLY US TO THE MOON, PVD! - Tick...Tock.
June 1, 2008
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Western Pacific Minerals Ltd Common Shares Add to My Watchlist (OTCPK: WPMLF)
Detailed QuoteNewsChartSEC FilingsProfileHistoricalHistorical Data for WPMLF
Month: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Year: 2000 2001 2002 2003 2004 2005 2006 2007 2008
Range: 1 Month 3 Month 1 Year
Date Open High Low Volume Close Change %
05/30/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/29/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/28/08 0.00 0.00 0.00 155,000 0.00 0.00 0.00%
05/27/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/26/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/23/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/22/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/21/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/20/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/19/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/16/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/15/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/14/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/13/08 0.00 0.00 0.00 80,000 0.00 0.00 0.00%
05/12/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/09/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/08/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/07/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/06/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/05/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/02/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
05/01/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/30/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/29/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/28/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/25/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/24/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/23/08 0.00 0.00 0.00 1,000,000 0.00 0.00 0.00%
04/22/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/21/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/18/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/17/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/16/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/15/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/14/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/11/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/10/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/09/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/08/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/07/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/04/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/03/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
04/02/08 0.00 0.00 0.00 0 0.00 0.00 0.00%
\/ Download Data To Spreadsheet
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Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
show me a chart that has move ment 2000000. that is all that is bougth since last year. no company information no nothing at all. show me some thing. then i might beable to see what is going to come.
I understand your jumping to conclusions. Wow. Stated as FACT, too. I'll wait for further information. Thanx for sharing your clairvoyance with us though. ~ASW~
wpmlf this stock is junk not worth any thing. no informaion in almost 1 year ....
(IAHL) - INTEGRITY AIRCRAFT - FLY US TO THE MOON, PVD! - Tick...Tock.
wpmlf this stock is junk not worth any thing. no informaion in almost 1 year ....
Great news, thanks so much for finding this. I got an e-mail from the company early in the week to expect more news within 10 business days, so maybe some news next week or early following
Great news, thanks so much for finding this
Not sure, I just used the info@modernenergy.com e-mail and got a response yesterday saying expect news within next 10 days, so lets keep our fingers crossed
from whom? who's running the show?
i hoped that there would be some follow up to the last event. now i have a zillion shares that can't be traded. what about gpgd shares? no sign of them in my account.
I just got an e-mail response
They e-mailed me back saying to expect news within the next 10 days
Take it for what it is worth, but at least I did get a response :)
o.k. what's up with MDRG
ANYONE?
Thunder here
Wow my happy pills are really kickin' it. I am thinking that the carrot on he string is just hanging around in mid air. Thats so cool. You see puppy dogs running after their tails and the bunny rabbit is talking. What Mr. Bunny.
Chris
xithunder@hotmail.com
Appreciate it :)
GLTY too
Its the Grey sheets...
Rarely will we ever see a true Bid/Ask, and its a board where MM's dont propogate there very often... so trading is sporadic.
Thats why I put out a Limit order... and will just sit there and maybe, eventually, someone will pick it up.
Good luck to yas though... on .50 :)
naw, I mean .50 :)
Then I will be set for a few years :)
Impressive that it moved this much in one day
Can't wait till we find out what is really going on and when the new dividend will be paid
Long term hold for me, to see how it all plays out
Becasue you have A-turd. :)
I had no prob with BofA.
I still can;t put limit order in Aturd
any reason ?
ummm....
In both your posts you keep saying .50.
Dont you mean .005?
It's at .01 right?
If it can only go to .50, I will be thriiiiiiiiiiiiled :)
Too bad they dont appear to be BUYING any shares above .0004.
I have a token 100K sell in for .005... which is HALF the ASK it appears... and not a nibble.
wow, great gain today
ill take 9900% every day :)
WHAT???????? no we 0.01 ?
any change for 0.50 again ?
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Modern Energy Corp
470 Nautilus St. Suite #304
La Jolla, CA 92037
Phone: 858.220.0243
Fax: 858.729.0271
http://www.modernenergycorp.com/
Modern Energy Corp trades on the third tier of the Frankfurt Stock Exchange as ME2C or ME2C.F. Modern Energy, established in 2006, is a development stage investment company with interests in Jatropha and Palm oils, mining and agricultural land in the Philippines, as well as investments in marketable securities. Now that the company has reorganized, its new management is beginning to execute on a business plan that is anticipated to generate increasing cash flow from aggressive initiatives involving its alternative energy properties.
The Company’s website at www.ModernEnergyCorp.com describes its work in the development of energy resources, presently focusing on development of Jatropha and palm oil production for bio-fuels from undeveloped plantations in the Philippines.
Modern Energy looks forward to becoming a leading company in the alternative energy field and continuing to develop other areas of sustainable energy, such as solar energy. Modern Energy is committed to environmental protection, advanced research in the alternative energy field, and harmony with the community.
Incorporated: 2006
Public Listing: 2007
Exchange Symbols: Frankfurt: ME2C
Common Shares issued & outstanding: 1,202,400,000
PALM OIL POTENTIAL (Biofuel)
Modern Energy's wholly owned subsidiaries are committed to producing bio-diesel through partnerships, joint ventures, leases, direct ownership and farming on more than 250,000 hectares (over 600,000 acres) of agricultural land on the island of Mindanao in the Philippines, much of which is suitable for growing palm oil and jatropha oil.
Palm trees are the most productive natural oil source in the world. A single hectare of oil palm may yield over 4 metric tons of crude oil, or nearly 5,000 liters (1200 gallons) of crude oil per hectare. Jatropha is the second most productive source at nearly 1000 gallons per hectare. (For comparison, soybeans and corn (maize), often heralded as top biofuel sources, generate only 118 and 45 gallons per hectare, respectively.)
If half of the Mindanao land were planted in jatropha plants and palm trees, in several years, after they mature, the company potentially could produce over US$200 million worth of palm and jatropha oil annually with current prices for palm and jatropha oil of US$400 per ton.
Biofuel is considered an eco-friendly source of energy, and reduces greenhouse gas emissions. Palm oil is an important source of biofuel because of its clean burning quality.
Sustainable practices and responsible methods of land clearance and cultivation could significantly reduce much of the unwanted impact on the environment. The land in the Philippines is not currently forested, but, after being planted with palm trees, the environment will benefit from the trees’ absorption of CO2 as it produces palm oil.
The company is currently negotiating with potential investors/partners that may invest in the potentially highly profitable and environmentally friendly palm oil and jatropha oil production enterprise.
MINING POTENTIAL
The Mindanao land in the Philippines also has access to mineral rights. There are potentially valuable quantities of copper, gold, silver, and other minerals. The company is assessing the property to determine which minerals are commercially viable for extraction in order to develop a business plan including attracting a well-capitalized partner.
Please visit www.ModernEnergyCorp.com for more information.
WHY INVEST IN MODERN ENERGY NOW?
Modern Energy Corporation (ME2C), was established in 2006 in Wyoming as a development stage investment company with interests in mining and agricultural land in the Philippines and holds investments in American marketable securities. ME2C is primarily oriented towards common and renewable energy resources. The company's activities presently focus on development of jatropha and palm oil production from plantations in the Philippines with future plans to develop its gold mining interests. ME2C is looking forward to becoming a leading company in the alternative energy field and to continuing to develop other areas of sustainable energy, such as solar energy. ME2C is committed to environmental protection, advanced research in the energy field and to harmony with the community. John F. Winnick, Sr. has just taken over the leadership of Modern Energy Corp now serving as Chairman and CEO |
Preachers Coffee Inc. Announces Joint Venture Agreement With Modern Energy Corp. With Preachers' Agricultural Development Interest in the Philippines
36,103 Acres Agricultural Property Interest of Preachers in the Philippines to Be Developed for Cultivation of Coffee and Jatropha Plants for Biodiesel Production
TAMPA, FL--(Marketwire - 09/08/09) - Preachers Coffee, Inc. (Pinksheets:PRCF - News) (Pinksheets:PCIO - News) and MODERN ENERGY CORP. (Pinksheets:MDRG - News) and (Frankfurt:ME2C - News) announced the signing of a Joint Venture Agreement on the Technical Management and Operating Contract of a 36,103 Acres of Agricultural and Forest Land which is under a Community-Based Forest Management Agreement (CBFMA) of the Government of the Philippines, in partnership with the Manobo Indigenous Community Cooperative on Mindanao island in the Philippines.
The Joint Venture Agreement has a 25 Year CBFMA Contract and an indefinite extension since it was appropriated in an Ancestral Domain Land Management for the Manobo Indigenous Communities. The Manobo Indigenous Communities has the Ancestral Domain Rights to the land and their Community Cooperative was for purposes of Agricultural and Forest Management to improve their living standard. The Joint Venture Technical Management and Operating Contract for the 36,103 acres will allow financial assistance and technical management to be provided by Preachers Coffee, Inc. and Modern Energy Corp.
Rubber trees for forest management, in addition to Coffee and Jatropha plants, are being prepared for planting in the agricultural areas.
The Jatropha plant is valued as a very cost effective feedstock for the production of oil used for producing Bio-Diesel. But unlike other biodiesel crops, Jatropha can be grown almost anywhere -- from arid land to more fertile farms like in the Phillipines. It doesn't need much water or fertilizer, although the yield rises as more water is available, like in Mindanao, Phillipines. And because the Jatropha is not edible, environmentalists and policy makers don't have to worry about whether Jatropha diverts resources away from crops that could be used to feed people. By some estimates, the per-barrel cost to produce Biofuel using Jatropha -- about $43 -- is about half that of corn and roughly one-third that of rapeseed, two other leading materials for alternative energy. At those prices, Jatropha Biodiesel would be competitive with fuel made from crude oil without significant government subsidies.
Recently, an airline had a test flight using a 50 jet fuel/50jatropha Biofuel mix. When Jatropha seeds are crushed, the resulting Jatropha oil can be processed to produce a high-quality biodiesel that can be used in a standard diesel car, while the residue, called "press cake," can also be processed and used as biomass feedstock to power electricity plants or used as fertilizer (it contains nitrogen, phosphorous and potassium).
A significant differentiator of Jatropha versus other Bio-Fuel Feedstocks is that Jatropha absorbs carbon-dioxide while they are growing, effectively canceling out the carbon dioxide they release when they burn. The plant may yield more than four times as much fuel per hectare of soybean, and more than ten times that of corn. A hectare of Jatropha has been claimed to produce 1,892 litrers of fuel. Once the Jatropha seeds are dried out and crushed, these poisonous seeds yield oil which can be burned in almost any diesel engine -- with no modification. Recent studies show that Jatropha seed produces between 30 and 40 percent of its mass in oil.
Nestor C. Buenaflor, Chairman and CEO of Preachers Coffee, Inc. (Pinksheets:PRCF - News) and its subsidiary (Pinksheets:PCIO - News), said that, "This Joint Venture Agreement with Modern Energy Corp. will provide an improvement for the Manobo Tribal Communities on Mindanao, Philippines. And the positive contribution represented by the cultivation of Jatropha plants introduced as one of the cash crops for the production of Bio-Diesel offers a stable and sustainable future for our companies and the Manobo Tribal Communities. We are not only cleaning the air because of responsible forest management and Bio-Diesel from Jatropha, but we also improve the lives of poor people in the remote areas of the world by providing them with job opportunities and income."
Chairman of Modern Energy, John Winnick, stated, "The Preachers Coffee, Inc. joint venture with 36,103 acres of prime agricultural land in the Philippines is just one example of the Global Vision of Green Energy from the Jatropha plant and cash crops such as coffee and rubber trees for rubber, to further expand Modern Energy's footprint to the nearly 1,000,000 acres that our company currently controls through our subsidiary, Sultan Saud Resource Development Corporation (SSRDC). Modern Energy is pursuing a change in business plan to focus on providing Bio-Diesel feedstock for the Asian Pacific Basin and developing the region's economies from a Third World nation to a world class provider of alternative clean energy. This green energy initiative will provide jobs and opportunity for growth on Mindanao, the eighth largest island population on earth, and showcase the best of environmental capitalism."
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