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September 05, 2010, 09:20:23 PM
This investor has concerns with Unico Mining, Inc. relying on debenture financing and funding - where by companies / individual(s) purchase mature debentures in exchange for an opportunity to receive 50% off the stock bid price of common share of Unico Mining Inc.
This investor assisted Unico Mining, Inc. with capital by purchasing a 90K debenture (reported on prior SEC 13d) from Moore Investments while Unico Mining, Inc. was in transistion of working towards some level / reasonable mining operations and production of concentrate. Ken Weidrich CFO reported to this investor that he was having difficulties raising capital for Unico Mining Inc. payroll.
This investor accepted and / or participated with above-described debenture transaction to personally improve stock position and reduce stock average given that this investor lost tremendous amounts of value of owned common shares of Unico Mining, Inc. September 2007 - up to this point - secondary to debenture financing.
Ken Weidrich CFO assured this investor during above-mentioned debenture transaction that Unico Mining had strong intentions of steering away from raising capital from the sale of mature debentures to other companies or individual(s). Ken Weidrich CFO indicated that there would be an earnest effort to raise capital with consistent mining operations and sale of concentrates rather than continued debenture financing.
To date - no concentrate has been sold because no significant amount of concentrate has been produced so that Unico Mining Inc. can sustain their concept.
Note that this investor has had SEC amendment obligations / disclosures with past and presently owned common shares of Unico Mining, Inc.
After careful review of past & present Sec 13d & form 3 or 4 report(s) - none of the other companies or individual(s) acquiring mature debentures have reported or disclosed acquisitions or disposition of common shares of Unico Mining, Inc. - relative to SEC Amendment Obligation.
If the companies or individual(s) acquiring mature debentures converted all of their debentures into common share of Unico Mining Inc. - these companies and / or individuals would be compelled to report change of stock position whether acquisition(s) or disposition(s) - SEC amendment obligations.
Either the companies or individual(s) that are acquiring these mature debentures are not aware of disclosure to the public through the SEC -or- decisive amounts of common shares of Unico Mining Inc, (less than 5% of the market cap - the threshold SEC amendment obligation) are being converted & transferred to companies or individual(s) to avoid apposite disclosures to the public & sell common shares for marginal profits between market price of stock and discounted stock bid price. Once common shares of Unico Mining, Inc. are sold - companies or individual(s) may go back and convert another portion of their debenture with Unico Mining, Inc. (less than 5% of market cap) into common shares at a 50% discount of the stock bid price. When those common shares are sold for another marginal
profit - the cycle continues - the stock price continues to decline - and these companies or individual(s) are the few who are financially
benefiting at the expense of Unico Mining Inc. stock price and the common shareholders.
If the latter assumption / statment is true - this investor would consider these actions: financial collusion against stockholders of Unico Mining, Inc.
If the companies or individual(s) purchasing mature debentures are:
1) converting portions of interest bearing debentures of Unico Mining Inc. common shares (less than 5% of market cap - SEC amendment obligation - no disclosure to the public),
2) acquiring the common shares at a 50% discount of the stock bid price,
3) and disposing (selling) of common shares in the open market - this would in effect drive the stock price of Unico Mining, Inc. down and negatively impact all stockholders of Unico Mining, Inc. that were locked in at a higher stock price & position.
This investor finds it interesting & financially convenient that Mark Lopez CEO & Ken Weidrich CFO are not common shareholders of Unico Mining, Inc. specifically: 2006, 2007, 2008, & 2009.
Moore Investments do not appear to be reporting SEC reports regarding ownership of common shares of Unico Mining thence holding immature and mature debentures at the potential financial discretion of Unico Mining Inc. - at the expense of the stock price and applicable stockholders.
Ray Brown will convert accurred interest of monies owed to him - by Unico Mining, Inc. - to common shares at 40% discount from the stock bid price.
This investor will continue to release significant common shares of Unico Mining, Inc. during the month of February 2009 due to the inaction to participate with reasonable mining operations and questionable standards of practice with raising capital - continued debenture financing.
This investor has lost a lot of money with earlier stock investments and participation with said debenture with Unico Mining, Inc. There is a consistent downward trend since 2006 - to present with creative debenture funding and financing at the expense of common shareholders of Unico Mining, Inc.
This investor is disclosing reason(s) for present and future dispostion of common shares of Unico Mining, Inc. - based on incontrovertible facts that have led to my professional opinion(s) and applicable action(s). By definition this investor is an insider with consideration of the amount of common shares of Unico Mining, Inc. owned.
If Unico Mining, Inc. is formally investigated and / or scrutinized this investor believes that they would have difficulties legally
defending their actions and inactions.
(a) The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer; N/A.
(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its
subsidiaries; N/A.
(c) A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries; N/A.
(d) Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; N/A.
(e) Any material change in the present capitalization or dividend policy of the issuer; N/A.
(f) Any other material change in the issuer's business or corporate structure including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940; N/A.
(g) Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; N/A.
(h) Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; N/A.
(i) A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; N/A. or
(j) Any action similar to any of those enumerated above. N/A.
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