Replies to post #17435 on DD Support Board and Research Team

[SRV-90]

...and in the background..someone from the company..regardless of the situation...is pulling the strings

[Kubisiak5]

So u named one company and now that means MOST? You could name 30 and it still wouldnt mean MOST.

I believe most companies are legitimate startups but due to various factors they dont come to fruitiion (competition, financing letdowns, etc.)

The scams are out there, but not as widespread as people claim IMO.

[exlud]

The company you named (GPGD) has, as far as I can tell, never filed with the SEC. They don't even have a CIK number. Even OTCmarkets has no auditor, no transfer agent, and no legal counsel listed.
I don't see any way to reliably confirm how many shares are out or who holds them.

[nodummy]

Maybe the GPGD situation had to do with issues from the past not the present.

Nadir Energy and Mining Corp acquired majority interest in GPGD back on February 13, 2009:

http://www.mineprocessing.com/News/detail-a634-b-c162-d0-e0-f.html

Nadir Energy and Mining Corporation became the Parent company of GPGD.

Nadir Energy and Mining Corp then restructured GPGD placing their people in the officer positions and director positions for the ticker.



Later in 2009, Nadir Energy and Mining Corp was named in the SEC litigation against Blackout Media Corporation (First Canadian American. Holding Corporation "FCAH") and Sandy Winick

http://ragingbull.quote.com/mboard/boards.cgi?board=BKMP&read=24968

http://www.sec.gov/litigation/complaints/2009/comp21083.pdf

http://www.sec.gov/litigation/litreleases/2009/lr21083.htm

Nadir Energy and Mining Corp was one of the 59 subsidiaries that Sandy Winick spun off from the Blackout Media Corporation shell which included such names as Naturally Niagara Beverage Corp, Amerossi International Group, Inc., Koko Petroleum Inc., Relay Capital Corp., Wataire Industries Inc., WayPoint Biomedical Holdings, Inc., Sparrowtech Multimedia Inc., RV Wireless, Inc, Sun Rayz Products, Inc, and ZNext Mining Corporation, Inc., formerly known as Pearl Asian Mining Industries, Inc



On top of it you read things like this:

Hugh Hughes says:
December 2, 2010 at 10:30 am

I have a stock certificate of 500,500 shares of Amerossi Energy Corp (AMER) which became Nadir Energy and Mining (NADI). 75 per share in 2007. The transfer agent First Public Securities Los Altos Ca. has refused to update the certificate for over 12 months- Nadir Energy bought controlling interest in Feb 2009 of GPGD Grand Pacaraima Gold same as Amerossi Energy did the previous year- yet the symbol NADI trading at .10 is now New Nadina Mining Explorations — HOW CAN I GET MY 500,500 shares of Amerossi Energy Corp udated – the certificate notes incorporation in the State of Wyoming yet my calls to the Wyoming have not helped. WHAT AGENCY BESIDES THE SEC can help – SEC only revokes share trading and does not confiscate the company assets for shareholder reinbursement – in most cases the SEC allows small fines for offenders without acknowlegement of wrong doing and the “all assets” are diverted with regard to current common shareholders investment or return on investments. PLEASE HELP– I have a bunch of stock certificates that should hold huge values if the STOCK CERTIFICATES could be updated to where the company assets where diverted or hidden “millions -100s of millions in assets dissappear—- The Integrity of US MARKET SYSTEM sucks on VALID common shares/preferred shares/ and restricted shares STOCK CERTIFICATES due shareholders. Brokerages-Transferagents-company investors relations al refuse assistance? Why?



Nadir Energy & Mining (NADI) apparently transferred everything over to New Nadina Mining Explorations (NNADF) (which included the assets it stripped from the GPGD shell in February of 2009) and went dead after that. NADI no longer trades.


Grand Pacaraima Gold Corp (GPGD) sort of came back to life for a brief period during the first half of 2010, but their press releases about an approved acquisition of PT Jasmine EKA Karya, Inc and B & E Resources, Ltd never came to fruition.

While the these proposed acquisitions were still on the table GPGD also announced the intentions to reveres split the stock and change the ticker:

http://www.otcmarkets.com/financialReportViewer?symbol=GPGD&id=31028

This too never happened.

The company has gone silent since then. Even the company website is no longer available.

I've read past grumblings on the GPGD forum about unfulfilled past dividend promises from years back.


The long time GPGD transfer agent, First Public Securities Transfer Corp, was named in SEC litigation for being an unregistered transfer agent engaged in the issuing of unregistered securities to many companies including Modern Energy Corp and ZNext Mining Corp., Inc

http://www.sec.gov/litigation/admin/2011/34-63788.pdf

http://www.justice.gov/usao/fls/PressReleases/101117-02.html

http://www.dtcc.com/downloads/legal/imp_notices/2010/dtc/ope/6309-10.pdf



Rumors of future mergers being used to try to pump the share price of GPGD would be completely false and would only exist for the purpose of manipulating the GPGD stock price in my opinion.



I can see plenty of potential reasons why brokers would be having difficulties with the trading of GPGD stock or why the DTCC may have felt it justified to put restrictions on the trading of the stock and I've only spent 30 minutes researching GPGD so far.


It is very unfortunate that the DTCC took action against the GPGD stock right after you bought in, but out of curiosity what attracted you into buying the GPGD stock in the first place?