MINDENAO GOLD MINING (fka MDGM)

[DDA]

A mail I addressed to the SEC.

Fyi. I got 451 shares of MDGM out of my 'fortune' of UDVE shares. I never bought directly (nor would I). I tried to contact MDGM on several occasions by mail. No response at all ...

My message is clear and simple : be careful on this one !

******************************



Dear,

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