Union Diagnostic and Clinical Services Limited

[scopusng]

But I was at the registrar office to verify my certificate but i was told that i can only verify my certificate thru my stock broker.

[muranay@yahoo.com]

Originally Posted by scopusng

But I was at the registrar office to verify my certificate but i was told that i can only verify my certificate thru my stock broker.

I think that is the usual practice.

[dannynoko]

Originally Posted by scopusng

But I was at the registrar office to verify my certificate but i was told that i can only verify my certificate thru my stock broker.

Yes bro, you are not a registered broker and need to get a broker involved. You can buy for yourself, but when it comes to verification and sale, you need a broker. Good luck!

[hispy99]

Investors renew complaints on newly listed Union Diagnostics
Posted Thursday, October 2, 2008
Investors have renewed their complaints on newly listed Union Diagnostic & Clinical Services Plc over the issue of share certificates.



A mail from one Uchehara Felix Ugochukwu an investors sent to Proshare NI reads thus: “Dear Proshare Team, I have no doubt in my mind that the outreach of your organisation will help me overcome this trying episode I am currently been made to go through by Union Diagnostic & Clinical Services Plc.



I subscribed to their Private Placement on 31/08/2007 and personally went to Intercontinental Bank headquarters to submit my application form in order to avoid the problem of jobbers etc (ICB being the receiving bankers as stated in the prospectus). My account was debited immediately in favour of UDS as I maintain an account with ICB. I paid for 745,000 units”



I went to First Registrars when I didn’t get my certificates and got a shock when I was told that my name was not on their system. I proceeded to the bank to find out what they did with my money.



They confirmed remitting the money to UDS' account domiciled with them, and I went to UDS office at Tejuosho (some 3 months back) with evidence of my deposit and my bank statement evidencing the debit in their favour.



I was directed to meet the accountant, Mr. Sunday who took the duplicates (the deposit slips and the forms) and confirmed that they got the money but that ICB did a shoddy job by not submitting my forms to them. I expressed misgivings and wondered aloud to him how they managed to reconcile their account with my funds in their accounts unaccounted for. He promised me that it will be sorted out before listing (that was 3 months ago).



Mr Sunday and the Company did not fulfil their promise, I have severally visited their office and all they keep on telling me is to liaise with Mr Sunday as everything is in his hands.



Now they have listed, I don’t have my certificate after 13 months that they took my money, its been a harrowing experience, he doesn’t pick my calls, ignores my text messages, the other staff equally rebuffs me (even their Admin Manager, their PR is disgracefully alarming).

I had worked in the stock market for 3 years before moving to another sector and I can tell you that this lull in the market now is not only as a result of liquidity squeeze, so much of it can be attributed to manipulation like the type that I am going through.



I have not been able to reach across to their MD, the office numbers on their business card are not going. I intend to make it a legal issue however I recall that the MD had an interview on Proshare some time back; I would like you to use your efficient machinery to reach across to the MD and table this harrowing experience to him (as I know that being a responsible man of reputable standing, he will lend his weight in resolving this).



As a follow up to investor’s mail, Proshare NI sought to clarify the issue with Olushola Akinniyi, Managing Director/Chief Executive Officer (MD/CEO) of the company.



Akinniyi confirmed to Proshare NI that he is aware of such a case as regards the Union Diagnostic last Placement.



He berated Proshare NI for contacting him on such an issue without going direct to the Registrars to resolve the issue.



“I don’t know if Proshare is now a police in the market, at any slightest opportunity you call to inundate me with investors enquires, I have not received my share certificate either from First Registrars Limited” Akinniyi said.



However, as at the time of filling in this report, Proshare NI could not confirm the true situation of the matter from Intercontinental Bank Plc; who were receiving agents to the Placement nor First Registrars. We intend to follow through with this and confirm Mr. Akinniyi's assertions..



Prior to this time, investors had inundated Proshare NI with numerous complaints against Union Diagnostic; which led to an interview with Akinniyi on June 17, 2008 and published on the Proshare’s website in respect of the company’s 2007 Placement.



Union Diagnostic listed its shares on the Floors of the Nigerian Stock Exchange (NSE) after so many delays; as the company did not list exactly at the time it stated in its Placement Memorandum.



However, as earlier reported by Proshare NI, on September 11, 2008 the company finally listed by introduction 2,960,948,774 Ordinary Shares of 50 Kobo each at N3.00 per share.

[BLUEMONEY]

Originally Posted by hispy99

Investors renew complaints on newly listed Union Diagnostics
Posted Thursday, October 2, 2008
Investors have renewed their complaints on newly listed Union Diagnostic & Clinical Services Plc over the issue of share certificates.



A mail from one Uchehara Felix Ugochukwu an investors sent to Proshare NI reads thus: “Dear Proshare Team, I have no doubt in my mind that the outreach of your organisation will help me overcome this trying episode I am currently been made to go through by Union Diagnostic & Clinical Services Plc.



I subscribed to their Private Placement on 31/08/2007 and personally went to Intercontinental Bank headquarters to submit my application form in order to avoid the problem of jobbers etc (ICB being the receiving bankers as stated in the prospectus). My account was debited immediately in favour of UDS as I maintain an account with ICB. I paid for 745,000 units”



I went to First Registrars when I didn’t get my certificates and got a shock when I was told that my name was not on their system. I proceeded to the bank to find out what they did with my money.



They confirmed remitting the money to UDS' account domiciled with them, and I went to UDS office at Tejuosho (some 3 months back) with evidence of my deposit and my bank statement evidencing the debit in their favour.



I was directed to meet the accountant, Mr. Sunday who took the duplicates (the deposit slips and the forms) and confirmed that they got the money but that ICB did a shoddy job by not submitting my forms to them. I expressed misgivings and wondered aloud to him how they managed to reconcile their account with my funds in their accounts unaccounted for. He promised me that it will be sorted out before listing (that was 3 months ago).



Mr Sunday and the Company did not fulfil their promise, I have severally visited their office and all they keep on telling me is to liaise with Mr Sunday as everything is in his hands.



Now they have listed, I don’t have my certificate after 13 months that they took my money, its been a harrowing experience, he doesn’t pick my calls, ignores my text messages, the other staff equally rebuffs me (even their Admin Manager, their PR is disgracefully alarming).

I had worked in the stock market for 3 years before moving to another sector and I can tell you that this lull in the market now is not only as a result of liquidity squeeze, so much of it can be attributed to manipulation like the type that I am going through.



I have not been able to reach across to their MD, the office numbers on their business card are not going. I intend to make it a legal issue however I recall that the MD had an interview on Proshare some time back; I would like you to use your efficient machinery to reach across to the MD and table this harrowing experience to him (as I know that being a responsible man of reputable standing, he will lend his weight in resolving this).



As a follow up to investor’s mail, Proshare NI sought to clarify the issue with Olushola Akinniyi, Managing Director/Chief Executive Officer (MD/CEO) of the company.



Akinniyi confirmed to Proshare NI that he is aware of such a case as regards the Union Diagnostic last Placement.



He berated Proshare NI for contacting him on such an issue without going direct to the Registrars to resolve the issue.



“I don’t know if Proshare is now a police in the market, at any slightest opportunity you call to inundate me with investors enquires, I have not received my share certificate either from First Registrars Limited” Akinniyi said.



However, as at the time of filling in this report, Proshare NI could not confirm the true situation of the matter from Intercontinental Bank Plc; who were receiving agents to the Placement nor First Registrars. We intend to follow through with this and confirm Mr. Akinniyi's assertions..



Prior to this time, investors had inundated Proshare NI with numerous complaints against Union Diagnostic; which led to an interview with Akinniyi on June 17, 2008 and published on the Proshare’s website in respect of the company’s 2007 Placement.



Union Diagnostic listed its shares on the Floors of the Nigerian Stock Exchange (NSE) after so many delays; as the company did not list exactly at the time it stated in its Placement Memorandum.



However, as earlier reported by Proshare NI, on September 11, 2008 the company finally listed by introduction 2,960,948,774 Ordinary Shares of 50 Kobo each at N3.00 per share.

The M.D Of this company is a very funny man. instead of handling this issue sensibly, he is asking if proshare is now a stock market police. if he has also not received his certificate, it is because he doesn't need it now.

We are talking about 1. something million naira here and just imagine his stupid response to the issue. if they cant issue a certificate Mr Uchehara Felix Ugochukwu, why dont they simply refund the money possibily with interest since it is clear they recieved the money from Intercontinental Bank Plc.

With all this stories coming from this company I realy dont know what to say about the Management. The other time here someone mentioned that his friend received a certificate for shares he did not pay for and now we have many people that paid for shares without thier certificate. -- A Sad Story.

[hispy99]

First Registrars denies custody of Union Diagnostic share ce
Posted Tuesday, October 7, 2008



PETER OBIORA

Proshare NI

October 07, 2008 at 18:12 GMT




First Registrars Limited has denied custody of having Share Certificates of Union Diagnostic & Clinical Services Plc. Bayo Olugbemi, Managing Director/Chief Executive Officer (MD/CEO) of the company made this confirmation to Proshare NI today in Lagos Nigeria.



“As far as I am concerned, I do not have any Union Diagnostic share certificate with me, people have to get the facts before complaining” he said.



Olugbemi affirmed that investors who claim they have not received their share certificates in respect of Union Diagnostic should complain to First Registrars who would show them evidence of how the certificates was dispatched and where they should be.



“Most of the Union Diagnostic share certificates were sent out to investors by Registered post and if anybody has not received, they person should come to us and we would tell him or her where and how they would get the certificates” he said.



Investors have recently inundated the mail box of Proshare NI as regards the non-receipt of Union Diagnostic share certificates.



The above is contrary to what Olushola Akinniyi, MD/CEO of the company had confirmed to Proshare NI.



He confirmed to Proshare NI that he was yet to receive his own share certificate from First Registrars.



“As I speak with you, I am yet to receive my own share certificate from First Registrar, therefore, any investors who is yet to receive same should go to First Registrars to confirm the true status” Akinniyi said.



Olugbemi further affirms that First Registrars is on top of its work and as regards Information and Communication Technology (ICT); First Registrar has the best in the Registrars business.



He confirmed to Proshare NI of handling about 70 percent of offers that were in issue between year 2005 and now.



“From over a million shareholder base, we have about 4.0 million now” Olugbemi said.



He also confirmed to Proshare NI that in its bid to decentralised, First Registrar has established about six branches outside Lagos which include Abuja that has existed for about four years, now Ibadan, Port Harcourt, Enugu, Kano and Kaduna.

[Stacks]

Hello..
Has anyone been able to verify their certificates?

Thanks

[faoogoke]

Originally Posted by Stacks

Hello..
Has anyone been able to verify their certificates?

Thanks

Yes. I had mine done during the weekk and have put in a sell mandate sharp sharp

[joy111]

his ur unit upto 500,000 verify ???

[BLUEMONEY]

Originally Posted by faoogoke

Yes. I had mine done during the weekk and have put in a sell mandate sharp sharp

Men you are faster than Superman. Well Done.

[BLUEMONEY]

Originally Posted by joy111

his ur unit upto 500,000 verify ???

If yours is up to 500,000 units and above, it can still be verified. it depends on when it gets to them, the ealier the better. Lots of people with 1 million units and above have already confirmed thier verification because they took it there very early.

[scopusng]

Originally Posted by BLUEMONEY

If yours is up to 500,000 units and above, it can still be verified. it depends on when it gets to them, the ealier the better. Lots of people with 1 million units and above have already confirmed thier verification because they took it there very early.

Does verification now depends on the total units one has before they will verify or what? Why asking if the units verified is up to 500k units?

[BLUEMONEY]

Originally Posted by scopusng

Does verification now depends on the total units one has before they will verify or what? Why asking if the units verified is up to 500k units?

Sometimes when the Registrars want to manipulate the share price by controlling the Amount of a companies share in circulation, they usually verify certificates according to the units And First Registrars is good at that.

[faoogoke]

Originally Posted by joy111

his ur unit upto 500,000 verify ???

I did verification for 300,000 units.