Magnum Sports & Entertainment Inc. (fka MAGZ)

[$hellKing]

Well I think you should be ok. Ive seen them do this and resume trading in 10 days. I came close to buying a few times. Guess you can only stretch yourself so thin on these shell plays.

[lifegear]

trading status will be revoked otherwise just like KESE and CMPN

[SPARK]

Yeah if they start filing again I guess they are ok..if they don't... I don't know what happens..lol

[lifegear]

maybe due to non-filing status

[SPARK]

Ok, I got it: SECURITIES AND EXCHANGE COMMISSION INSTITUTES ADMINISTRATIVE PROCEEDINGS AGAINST NINE COMPANIES FOR FAILURE TO MAKE REQUIRED PERIODIC FILINGS
The U.S. Securities and Exchange Commission today instituted public administrative proceedings against the following nine companies to determine whether the registration of each class of their securities should be revoked or suspended for a period not exceeding twelve months for failure to file required periodic reports:
•
Machine Technology, Inc. (MTGYQ)
•
Madrona International, Inc.
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Mangum Acquisition Corp.
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Magnum Sports & Entertainment, Inc. (MAGZ)
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Majestic Companies, Ltd.
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Management of Environmental Solutions & Technology Corp. (MESO)
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Maple Corp.
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Mariculture Systems, Inc. (MCUL)
•
Marina Capital, Inc. (MARN)
In this Order, the Division of Enforcement (Division) alleges that the nine issuers are delinquent in their required periodic filings with the Commission.

In these proceedings, instituted pursuant to Securities Exchange Act of 1934 (Exchange Act) Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the respondents to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of the securities of these respondents should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in these proceedings issue an initial decision not later than 120 days from the date of service of the order instituting proceedings.

[SPARK]

I got a few of this one..can't remember why..lol..you know what's going on?

[lifegear]

good thing I don't have too much of this

[lifegear]

it wasn't a mess up since the name of a MAGZ officer was mentioned too imho (Joel Segal)....still have to research more

[$hellKing]

So do you think it was a real transaction? Not some mess up or anything?

[lifegear]

but it only appeared in businessweek

[$hellKing]

So this guy bought his own shell from himself? How come the news doesnt show up on other sites? Hear anything new?

[SPARK]

Anybody talk to Blue Equity?

[startingboy]

nice day, after .02 the sky is the limit it seem :)

[lifegear]

interesting indeed

[startingboy]

INTERESTING from the 2002-QSB filing

The Company's common stock was delisted for trading from the Nasdaq SmallCap Market effective February 25, 2002 because the Company failed to meet several listing requirements of the Nasdaq Small Cap Market. The Company's common stock presently trades on the over-the-counter bulletin board market under the symbol MAGZ.OB.

During the first quarter of 2002, the Company formulated an out-of-court reorganization plan to resolve existing creditor claims against the Company


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and provide working capital for the Company. As of May 7, 2002, the Company is seeking to implement this out-of-court reorganization plan but there are substantial risks associated with this strategy and the Company can provide no assurances whatsoever that it will be able to execute any out-of-court reorganization plan. These circumstances have created the possibility that the Company may become defunct or may file bankruptcy proceedings in the near future.

As part of the Company's proposed out-of-court reorganization plan, the Company has commenced effective April 23, 2002 an offering of senior secured convertible notes to raise a minimum of $250,000 in gross proceeds (the "Minimum Offering") and a maximum of $500,000 in gross proceeds (the "Maximum Offering"). If successful in concluding either the Minimum Offering or the Maximum Offering of senior secured convertible notes, the Company will settle its existing creditor claims for modest sums and/or stock and then seek to engage in a capital transaction, including a merger, acquisition or like transaction with a third party that may involve an operating company. In conjunction with these plans, the Company has engaged consultants to provide financial advisory, marketing and merger and acquisition services. To conserve cash, the Company will be paying for a portion of these consulting agreements with common stock and options. There is no assurance that the Company will achieve or sustain profitable operations.

__________________________________________________________

If the Company is successful in implementing its out-of-court reorganization plan thereby resolving material creditor claims against the Company, the Company believes that it will then be in an improved financial condition compared to its current poor financial condition. With an improved financial condition upon implementation of its reorganization plan, the Company believes that it will be better able to engage in a potential capital transaction, such as an acquisition, merger or like transaction with another company that has an operating company. Because the Company is a publicly traded company, the Company believes that there may be privately owned companies that are interested in engaging in a capital transaction like a merger or an acquisition with a publicly traded company as a means of becoming a publicly traded company. However, the Company's out-of-court reorganization plan faces substantial risks and the Company cannot offer any assurance whatsoever that it will be able to raise any capital in an offering of the Notes or otherwise, that it can achieve settlements with creditors of the Company for small cash payments as envisioned by its out-of-court reorganization plan or that it will have any success whatsoever in executing any type of capital transaction with any company. The Company presently does not have any agreement of any kind whatsoever with any third party regarding any type of capital transaction.

[startingboy]

note the segal name here

NEW YORK--(ENTERTAINMENT WIRE)--Jan. 17, 2001

Eight Players Signed Including Two Potential

First Round Draft Choices

Magnum Sports & Entertainment Inc. (Nasdaq:MAGZ) today announced that its football agency has signed eight college players who are eligible for the April 2001 NFL draft, including two players expected to be drafted in the first round -- Gerard Warren, University of Florida's defensive tackle, and Rod Gardner, Clemson University's wide receiver.

One of the leading NFL prognosticators, NFL Digest.com, presently projects Warren as the seventh player who may be selected in the first round and Gardner as the nineteenth player who may be selected in the first round in the upcoming NFL draft.

In addition to these potential NFL stars, Magnum's football agency has also signed six other players with stellar collegiate careers who are eligible for the 2001 draft: Quentin McCord, wide receiver, University of Kentucky; DeLawrence Grant, defensive lineman, and Terrence Carroll, safety, both from Oregon State, which enjoyed its finest season in its history in 2000 with an 11-1 record and a victory over Notre Dame in the Fiesta Bowl; Fred Booker, cornerback, Louisiana State University; and Corey Bird, safety, Virginia Tech, which had an 11-1 record in 2000 and a victory in the Gator Bowl over Clemson University.

Advertisement
Joel segal, chief executive officer of Magnum's football agency, stated that "Our eight college player signings for the 2001 NFL draft are the finest in our history, including Gerard Warren, superstar defensive tackle from the University of Florida, and Rod Gardner, Clemson University's career leading wide receiver. These signings of star college players exemplify our continuing growth as a premier football representation agency business and we are continuing our recruitment of additional unsigned collegiate players who are eligible for the 2001 NFL draft."

Magnum's football agency now represents 45 football players, including these collegiate players plus NFL stars such as Tyrone Wheatley, Rickey Dudley and Lance Johnstone of the Oakland Raiders, Darren Sharper, Green Bay Packers safety named to the 2000 All-NFL Team, Antonio Freeman of the Green Bay Packers and O.J. McDuffie of the Miami Dolphins.

About Magnum Sports & Entertainment Inc.

Magnum Sports & Entertainment Inc. is a public company listed on the Nasdaq Small Cap Market (Nasdaq:MAGZ). Led by Bob Gutkowski and Charles Koppelman, president and CEO, and chairman, respectively, Magnum has begun to execute a plan to become a leading talent-oriented entertainment company with focus on talent management marketing and content. As an important first step in implementing this strategy, Magnum signed a letter of intent in December 2000 to acquire Ford Models Inc., the world's most prestigious fashion modeling agency with offices in 11 cities across the world. Upon consummation of the acquisition of Ford Models Inc., Magnum immediately obtains a global platform to execute its business strategy. The consummation of the transaction is subject to the ability of Magnum to negotiate and enter into a definitive acquisition agreement to acquire Ford Models Inc., the ability of Magnum to procure the necessary financing to complete the transaction, the possibility of requiring stockholder approval and obtaining other regulatory approvals and consent.

This release contains forward-looking statements that are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "will" and "should" and similar expressions reflecting something other than historical fact are intended to identify such statements. These forward-looking statements involve a number of risks and uncertainties, including, but not limited to: the success and achievement of the athletes managed by the Company; demand for their services; the ability of the Company to attract additional clients; the effect of the Company's accounting policies; and other risk factors detailed in the Company's filings with the Securities and Exchange Commission.

COPYRIGHT 2001 Business Wire

[SPARK]

If this is right it could do a nice run.

[Carlito]

Wow this one is Thinnnnn

[startingboy]

i think you got a monster !

[lifegear]

MERGER? http://www.blueequity.com/

http://investing.businessweek.com/research/stocks/transactions/transactions.asp?symbol=MAGZ.PK

Magnum Sports & Entertainment
(MAGZ:OTC)
LAST $0.0040 USDCHANGE TODAY 0.00 0.00%VOLUME 0.0MAGZ On Other ExchangesAs of July 9, 2007 All times are local (Market data by Reuters is delayed by at least 15 minutes).
SnapshotNewsChartsFinancialsEarningsPeopleOwnershipTransactionsOptions
TRANSACTIONS BY Magnum Sports & Entertainment IN THE LAST 6 MONTHS
All Transaction TypesPrivate PlacementMerger/AcquisitionBankruptcyBuyback
Announced 05/28/07
Worldwide Football Management, Inc.
Merger/Acquisition
Blue Equity, LLC acquired Worldwide Football Management, Inc. on May 28, 2007. Financial terms of the transaction were not disclosed. Joel Segal will join Blue Equity, LLC as President of Blue Equity, LLC new football division.



MAGZ's price was unchanged after the transaction was announced on 05/28/07.
Investor / Buyer
Blue Equity, LLC

Seller
Magnum Sports & Entertainment

[lifegear]

and the last O/S is similar to OBLE 8M which is rocketed today to .15 from .015

[MightyBossRules]

will go back and have a new look though thanks for reminding me

[lifegear]

so I'm the only one LOL, I found the share info from DE SOS, 60M common authorized and 5M preferred

[MightyBossRules]

nope..lol

[lifegear]

are you still in this one? I think we're the only two lol

[MightyBossRules]

Kool good to know thanks, been dropping a few bucks in a few shells to park some money

[lifegear]

here's the last 10Q...60M A/S and O/S is 7.9M

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0000950136%252D02....

[lifegear]

it was supposed to acquire Ford Models long time ago...not sure what happened

[MightyBossRules]

Is it a fully reporting clean shell?