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Investor issues warning: Do not invest in North Dakota Developments. An investor who describes himself as a "victim" of an overseas North American property investment involving investments in motel accommodation has issued a warning to buyers from Southeast Asia to avoid investing with the firm.
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Intuit Features Brenda Hamilton To Discuss DPO's And Going Public. Intuit Inc. a provider of small business software solutions, including QuickBooks, tackles accounting, taxes, budgets and personal finances with TurboTax. Quicken featured an interview with securities attorney Brenda Hamilton*
The company in question is American firm North Dakota Developments LLc, which has been selling its investments throughout Southeast Asia for more than two years. Its website indicates a regional office for the region has been established in Kuala Lumpur, Malaysia.
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Brenda Hamilton practices securities law focusing on direct public offerings /DPOs, initial public offerings /IPOs, accredited crowdfunding, intrastate crowdfunding and going public transactions for small and mid-sized businesses.  
Gaston Procopio told PropertyGuru: " I have lost US$43,735, and I will not stop until I get my money back."
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The interview's focus included options for small businesses seeking to raise capital. Brenda Hamilton, a securities & going public lawyer, discussed direct public offerings /DPOs, accredited crowdfunding and Form S-1 registration statements for small businesses going public.
The investor from Europe noted there is a "pile of investor complaints" backed up by strong evidence, testimonials, statements and information from former company employees. He also alleges the American Federal Bureau of Investigations (FBI) and the Securities Exchange Commission (SEC) have been informed.
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Small Business Center: What is the difference between an IPO and a DPO?
Singapore investors have been targeted with marketing for the cash-only investment that includes assured returns of 56.66 percent in three years, funds held in an Escrow account, a three-year buy-back plus 10 percent uplift on the original purchase price, full title deeds and income paid monthly.
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He added: "I signed a contract to purchase a unit named Great American Lodge Culbertson City, Eastern State of Montana. Its completion and opening has been periodically pushed back since March 2014.
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Brenda Hamilton, Going Public Attorney: Both an initial public offering /IPO and a direct public offering /DPO involve the sale of a company's securities to investors to raise capital. In an IPO an underwriter sells the securities for the company. In a direct public offering /DPO, the company sells the securities itself. The success of the direct public offering /DPO unlike an initial public offering/ IPO depends upon the company's own selling efforts. Many companies conduct unregistered direct public offerings / DPOs using accredited crowdfunding which allows the company to engage in advertising if it verifies the purchasers are accredited investors.
"I believe there has been misconduct, misrepresentation and a breach of my purchase contract agreement, lease agreement and management agreement."
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PropertyGuru contacted Robert Gavin, Group Chief Executive Officer of North Dakota Developments LLC, and asked if his company is continuing to market the investment and making claims about having delivered projects when, as the investor suggests, none have been delivered to date.
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Can any size business conduct a DPO?
Gavin said: "Client satisfaction is at the very heart of North Dakota Developments LLC and any client concerns, including this matter in question, are taken extremely seriously.
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"Whilst it is not company policy to discuss in the public domain details of individual client concerns, NDD is actively investigating this matter thoroughly with resolution foremost in mind.
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Brenda Hamilton, Going Public Attorney: Yes, that's one of the benefits of a direct public offering / DPO.  
"NDD is however disappointed that these allegations have been made and vehemently believe they are unfounded. With this in mind, NDD intends to vigorously defend itself from these allegations."
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Investors with concerns are urged to contact North Dakota Developments directly, or lawyer Brenda Hamilton, a securities lawyer from Florida in the United States who is handling legal matters for some worried investors. Ms. Hamilton can be contacted at bhamilton@securitieslawyer101.com or 561-416-8956.
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What other benefits can small-business owners realize from DPOs?
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Brenda Hamilton, Going Public Attorney: A DPO allows a company to raise capital at their own pace without the limitations of an initial public offering /IPO imposed by underwriters. Generally, direct public offerings /DPOs are less expensive than initial public offerings /IPOs because there are no underwriter fees. Shares sold in direct public offerings can be covered by a Form S-1 registration statement which provides investors with an exit strategy. Because a DPO can be structured a variety of ways, it provides flexibility and allows companies to ease into SEC and OTC markets reporting.  
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How should small-business owners decide if a DPO is right for them?
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Brenda Hamilton, Going Public Attorney: To raise capital from investors, any company must be prepared to provide transparency.  
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What advice would you give to small-business owners who are considering a direct public offering/DPO or accredited crowdfunding?
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Brenda Hamilton, Going Public Attorney: Small companies and investors are often inexperienced in the financial markets and are easy prey particularly in the OTC Markets. Over the course of my career, I have seen numerous companies and investors devastated by reverse-merger transactions, most of which were recommended by securities lawyers. I would also encourage small-business owners to learn as much as possible about the process before they begin.
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Hamilton & Associates Law Group, P.A. is recognized for its experience in securities law and going public transactions including direct public offerings, Form S-1 Registration Statements, SEC disclosures on Form 10-K, Form 10 Registration Statements, internal and corporate investigations involving microcap stocks and white collar crime. With over 15 years of experience it has represented more than 300 market participants in securities matters and going public transactions. The firm was founded by Brenda Hamilton, a securities lawyer.
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For further information please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton, Florida, (561) 416-8956, by email at bhamilton@securitieslawyer101.com or visit www.securitieslawyer101.com.

Latest revision as of 15:23, 5 April 2015

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