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Magnum Resources Delaware (fka MGRI)

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2

Magnum Resources Delaware (fka MGRI)

2
Follow
2

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db7 PremiumMember
05/29/07 9:24 AM
Post #6
Re: #5: @gavinz1970 - So the O/S on this one is 25
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gavinz1970 Free
05/24/07 7:35 PM
Post #5
Re: #4: @db7 - level 2 is wide open for takeoff
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db7 PremiumMember
05/24/07 10:16 AM
Post #4
Re: #3: @Zardiw - Nice board Rollin!..Float is pretty much zilch on
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Zardiw PremiumMember
05/24/07 10:12 AM
Post #3
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db7 PremiumMember
05/24/07 10:08 AM
Post #2
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db7 PremiumMember
05/24/07 10:07 AM
Post #1
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Magnum Resources Delaware (fka MGRI) RSS Feed

Followers
2
Posters
4
Posts (Today)
0
Posts (Total)
7
Created
05/24/07
Type
Free
Moderators
David Stocker Shell Item 1.01 - Entry into a Material Definitive Agreement The undersigned believes that the registrant has not engaged in any material business operations for the last few years. The registrant has not filed the periodic reports required by the Securities and Exchange Commission since February, 2000. In addition, on or about October 20, 2004, the registrant’s corporate charter was no longer in good standing with the State of Delaware. Accordingly, the undersigned believes that the registrant abandoned its business. Pursuant to its ORDER FOR JUDGMENT dated March 22, 2007 (the "Order"), the District Court, Fourth Judicial District, County of Hennepin, State of Minnesota appointed David B. Stocker as custodian of the registrant, and authorized Mr. Stocker to “take all steps necessary for purposes of reinstating the corporate charter, locating the financial records of the Corporation and to file tax returns and information statements to permit it to resume its status of good standing, and to otherwise restore, manage and/or wind up the business and prospects of the Corporation for the benefit and in the best interests of all of the shareholders and any creditors of the Corporation.” In accordance with the Order, Mr. Stocker appointed himself as sole interim director and president. In addition, the registrant hired 930 Investments, LLC, a business consulting firm ("930I"), for the purpose of assisting the registrant in its efforts to salvage value for the benefit of its shareholders. 930I has also agreed to advise the registrant as to potential business combinations. Mr. Stocker, an attorney, is the manager 930I. As of March 28, 2007, Mr. Stocker, on behalf of 930I, has contributed approximately $10,000, and 930I obligated itself to contribute an additional $20,000 as paid in capital to the registrant. The registrant is to use these funds to pay the costs and expenses necessary to revive the registrant's business operations. Such expenses include, without limitation, fees to reinstate the registrant's corporate charter with the State of Delaware, payment of any past due franchise taxes, settling all past due accounts with the registrant's transfer agent, and accounting and legal fees. 930I has agreed to continue to contribute such additional funds as are necessary to accomplish these goals. In consideration for these services and capital contribution(s), the registrant issued 15,000,000 shares of its common stock to 930I representing approximately 60% of its common stock outstanding as of March 28, 2007.
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