Magnus International Resources Inc. (fka MGNU)

[Renee]

MGNU revoked:

https://www.sec.gov/litigation/admin/2018/34-84413.pdf

[TenKay]

MGNU SEC SUSPENSION

https://www.sec.gov/litigation/suspensions/2018/34-84009.pdf

Order:

https://www.sec.gov/litigation/suspensions/2018/34-84009-o.pdf

Admin Proceeding:

https://www.sec.gov/litigation/admin/2018/34-84008.pdf

[allezlOM]

2nd day UP ?

[ALERTS100%to10000%GAIN]

MGNU~Reinstatement ,Active and updating WEBSITE now

http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=TLxryUFdqVZRaSd9%252bnFdig%253d%253d&CorpName=MAGNUS+INTERNATIONAL+RESOURCES+INC.


http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=TLxryUFdqVZRaSd9%252bnFdig%253d%253d


updating WEBSITE http://www.magnusresources.com/

[ALERTS100%to10000%GAIN]

MGNU~JUMP in .10+++++~400% up,,52week high .0075 falling CRAZYYY,NO resistancem,WOW L2 .01,.1031,.$200

[ALERTS100%to10000%GAIN]

MGNU~~FLOAT 3M

[makinezmoney]

$MGNU: Float is low here.... not lower than $FIEC though

$FIEC is only 3Milly float.

Nevertheless.... $MGNU does have a good chance to go much higher.

Been holding it for quite a while now.

Looks good now.


$MGNU

[ALERTS100%to10000%GAIN]

MGNU~~breaking here

[allezlOM]

Probably less than that, 54 Millions is the Outstanding !
Interesting move up today, need to break high of long time @ 0.0060, than pennyland coming fast !

[ALERTS100%to10000%GAIN]

MGNU~~updating website now ,link http://www.magnusresources.com/

[ALERTS100%to10000%GAIN]

MGNU~~54M FLOAT

[ALERTS100%to10000%GAIN]

MGNU~~a monsta go, L2 .007,.01,.1031,$200.

MGNU~~.007 now huge news ,up,300% ,L2 WOW,, Reinstatement ,Active and updating WEBSITE now http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=TLxryUFdqVZRaSd9%252bnFdig%253d%253d&CorpName=MAGNUS+INTERNATIONAL+RESOURCES+INC.


http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=TLxryUFdqVZRaSd9%252bnFdig%253d%253d


updating WEBSITE http://www.magnusresources.com/

[$on_myMind]

that was last year. smh

[10thMountain]

Has this reinstated already? Or just rumor?

[makinezmoney]

$MGNU: Watching it Run now.... hitting $0.004

GOoooooooooooooo $MGNU.


Very Thin to the UPSIDE here.

Nobody paying attention.


$MGNU

[makinezmoney]

$MGNU: Reinstatement brings the boys to the yard

What we got here ?

Looks interesting


$MGNU

[Coniba]

or at least I did. lol

[DaReal]

Seems like people finally found the Reinstatement Filing at the NVSOS

http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=TLxryUFdqVZRaSd9%252bnFdig%253d%253d&CorpName=MAGNUS+INTERNATIONAL+RESOURCES+INC.

[Renee]

MGNU is severely delinquent in filing their Financials and corporate filing obligations to the SEC. On Feb. 20, 2015 the SEC suspended 8 stocks from the Delinquent SEC Filers list, and it is likely that more delinquent Filers will be suspended.

Since Jan 1st, 2010 the SEC has suspended over 1290 stocks for Financials delinquencies. All of those Suspended stocks had their stock registrations revoked.

Shareholders should contact the company and pressure the Mgmt to file their delinquent Financials because ALL shareholders would be wiped out IF the SEC suspends the stock.

MGNU is on the list of delinquent filers:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110680509

[FunGuns09]

Someone knows something

[Caveat Emptor]

Up 200%. WTF is happening here?

[funnyG986]

MGNU 0.004

[OB_WEALTH_INC]

RECORD VOLUME HERE...SHE IS READY TO GOOOOOOOOOOOOOOOOOOOOOO 0.01 MAYBE?

[OB_WEALTH_INC]

0.01 at least ? bauauahahahaha

[OB_WEALTH_INC]

1000 % today? lol

[OB_WEALTH_INC]

YEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA lol

[funnyG986]

MGNU 0.0023 X 0.0025

[Swimmingly]

MGNU .0017 up

[Swimmingly]

MGNU .0014

[bewareofsnakeoil]

Cease Trade Order

Magnus International Resources Inc.

Section 164 of the Securities Act, R.S.B.C. 1996, c. 418



¶ 1 Magnus International Resources Inc. is an OTC reporting issuer under Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets(MI 51-105).

¶ 2 Magnus International Resources Inc. has not filed:

1. interim financial statements for the interim period ended January 31, 2013, as required under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations(NI 51-102) and section 5(b) of MI 51-105, and
2. a Form 51-102F1 Management's Discussion and Analysisfor the period ended January 31, 2013 as required under Part 5 of NI 51-102 and section 5(b) of
MI 51-105
(the required records).

¶ 3 Under section 164(1) of the Act, the Executive Director orders that all trading in the securities of Magnus International Resources Inc. cease until:

1. it files the required record, completed in accordance with the Act and rules, and
2. the Executive Director revokes this order.


¶ 4 April 10, 2013






Allan Lim, CA
Manager
Corporate Finance

[elkonig]

B.C. cease trade order issued April 10, 2013.

[bewareofsnakeoil]

Thank you for contacting the British Columbia Securities Commission again.



The follow-up information you have provided in the matter of Graham Taylor, and Magnus International Resources will be added to the information we previously acknowledged on March 22, 2013.



As you know, we investigate complaints to enforce compliance with the Securities Act. We cannot comment on an investigation unless it becomes a matter of public record by publication of an order or notice.



We appreciate the time you have taken to bring this additional information to our attention.



In the meantime, if you have any comments or questions, contact our Inquiries Group in Vancouver at [phone] or toll free 1-800-373-6393 (within Canada) or email: [e-mail]. Thank you again for taking the time to contact us.



Enquiry Log: 38575



British Columbia Securities Commission
P.O. Box 10142, Pacific Centre
1200 - 701 West Georgia Street
Vancouver, B.C. V7Y 1L2
[e-mail]

[phone] - Inquiries or Complaints
[phone] - Main Switchboard
1-800-373-6393 - Toll Free in Canada
[phone] - Fax

[bewareofsnakeoil]

Thank you for contacting the British Columbia Securities Commission regarding Magnus International Resources Inc.

Complaints, such as yours, are important to us. They can be the first indicator of a scam or other wrongdoing. We carefully consider each complaint.

We investigate complaints to enforce compliance with the Securities Act and to sanction securities market misconduct. We also refer complaints to other regulatory jurisdictions or self-regulatory bodies when appropriate.

We appreciate that you made the effort to send us this information. We will contact you again if further information is required.

In the meantime, if you have any comments or questions, contact our Inquiries Group in Vancouver at [phone] or toll free 1-800-373-6393 or email: [e-mail].

Please refer to your Enquiry Log number listed below. Thank you again for taking the time to contact us.

MGNU - Enquiry Log: 38556

British Columbia Securities Commission
PO Box 10142, Pacific Centre
701 West Georgia Street
Vancouver, BC V7Y 1L2
[e-mail]

604 899-6500 - Main switchboard
604 899-6854 - Inquiries or Complaints
1 800 373-6393 - Toll Free in Canada
604 899-6506 - Fax

[bewareofsnakeoil]

What does this all mean???

Graham Taylor has paid himself year after year $120,000 to piss away $21,826,615 ($21 MILLION)in losses as of July 31, 2009 of shareholder money.

This type of "CORPORATE RAPE" should be accounted for and a full audit needs to be done on him, MGNU, its directors and consultants. He has proven to be incapable of running a company and should not be allowed to operate in this manner any longer!

Complaints have been made to the BC Securites Commission. Stay tunned for further information.

[bewareofsnakeoil]

Mr. Graham Taylor has been the President, CEO, CFO, Secretary, Treasurer and a Director From December 1, 2003 to December 31, 2008, Mr. Taylor was being paid a consulting fee of $120,000 per year to serve as the President, CEO, CFO, Secretary, Treasurer and a Director of the Company.

Graham Taylor (1)
President, CEO, CFO, Secretary, Treasurer and Director paid himself VERY WELL!!!


2009 $90,509

2008 $120,000

2007 $120,000

2006 $120,000

2005 $120,000

2004 $90,000

Mr. Taylor was being paid a consulting fee of $120,000 per year to serve as the President, CEO, CFO, Secretary, Treasurer and a Director of the Company.

Total amount owed to the chief executive officer at July 31, 2009 for consulting services is $146,075

The Company has experienced losses since the inception of the exploration stage amounting to $21,826,615 as of July 31, 2009.

As of July 31, 2009, the Company had a total of $20,704 in cash and cash equivalents and a working capital deficiency of $2,485,548,. and the cash and cash equivalent amount is insufficient to sustain operations over the course of the next year.

The Company has a shareholders’ deficit. These factors raise substantial doubt about the Company's ability to continue

iN 2009 MGNU collected RMB 10,000,000 (approximately $1.466 million) of the proceeds owed to it from the disposition of the Chinese subsidiaries.

On May 28, 2008, Magnus executed an agreement (the “Transfer Agreement”) with Mr. Jinzang Lai (“Lai”) under which Magnus agreed to sell its 90% interest in Yunnan Long Teng Mining Ltd., which owns the exploration license underlying the Huidong gold exploration property in Sichuan Province, China to Lai. Under the Transfer Agreement, Magnus was to receive; (i) 7,000,000 yuan (approximately US $1,000.000) within seven days of the execution of the Transfer Agreement.

On January 26, 2004, the Board of Directors granted 4,000,000 stock options to various directors, officers, employees and consultants of the Company. Mr. Taylor was granted 1,600,000 stock options with the following terms: 1/24 of the options vested on February 1, 2004, and a further 1/24 of the original grant vests on the first day of each subsequent month. The exercise price for these stock options is $0.50 per share. As of the date of this Annual Report, Mr. Taylor has exercised 800,000 options. See note 12 to the financial statements for details on assumptions made in valuing options.

MGNU is subject to both United States income taxes, Canadian income taxes (to the extent of its operations in Canada), Chinese income taxes (to the extent of its operations in China) and Ugandan income taxes (to the extent of its operations in Uganda). The company had no income tax expense during the reported periods due to net operating losses??

****************************************************


Name and Address of Beneficial Owner Position Amount and Nature of Beneficial Ownership * Percent of Common Stock (1)

Graham Taylor, the Company’s President and CEO, has indirect control over Excel Capital Corp. and Emerson Capital Corp. through an indirect power to appoint advisors of Excel Capital Private Foundation and Emerson Capital Private Foundation, which own Excel Capital Corp. and Emerson Capital Corp., respectively.


Excel Capital Corp. is a corporation organized under the laws of the Federation of St. Kitts & Nevis, West Indies. Graham Taylor, the President and CEO of Magnus, has indirect control over Excel Capital Corp. through an indirect power to appoint advisors of Excel Capital Private Foundation, which owns Excel Capital Corp. Excel Capital Corp. also holds 42,500 Series B Preferred Shares of Magnus.

Emerson Capital Corp. is a corporation organized under the laws of the Federation of St. Kitts & Nevis, West Indies. Graham Taylor, the President and CEO of Magnus, has indirect control over Emerson Capital Corp. through an indirect power to appoint advisors of Emerson Capital Private Foundation, which owns Emerson Capital Corp. Emerson Capital Corp. also holds 42,500 Series B Preferred Shares of Magnus.

This figure includes 800,000 stock options which are owned by Graham Taylor and which have vested as of the date off this Annual Report; 75,000 stock options which are owned by Steven Tan and which have vested or will vest within 60 days of the date of this Annual Report; 8,066,666 common shares held by Excel Capital Corp. and 8,066,668 common shares held by Emerson Capital Corp.



Graham Taylor
115 – 280 Nelson Street
Vancouver, BC
V6B 2E2 President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and Director
800,000 (2) 1.46%

Steven Tan
32-3088 Francis Road
Richmond, BC
V7C 5V9 Director 75,000 (3) (*)


Excel Capital Corp.
Suite 4 Temple Bldg.
Main & Prince William St. Charlestown,
Federation of St. Kitts & Nevis Shareholder 8,066,666 (4) 14.81%

Emerson Capital Corp.
Suite 4 Temple Bldg.
Main & Prince William St. Charlestown,
Federation of St. Kitts & Nevis Shareholder 8,066,668 (5) 14.81%



All officers and directors as a group
(3 persons) 17,008,334 (6) 31.22%


**************************************************************

"CONSULTANTS"

NEVER SEEN SO MANY CONSULTANTS?????



Graham Taylor
President, CEO and Director 800,000 $400,000 800,000

Michael Tan
Consultant

Tracey Gabert
Consultant

Mike Shannon
Consultant

Tom Stepp
Consultant

Xiang Li
Consultant

Qin Minzhu
Employee

Jay Bassan
Consultant

Aida Leung
Consultant

Nick Leung
Consultant

Patrick Cotter
Consultant


Steven Tan
Director

Doug Smith
Consultant


Michael Raven
Consultant


Hsien Loong Wong
Consultant

Wei Ming Chua
Consultant

Ruben S. Verzosa
Consultant

Leon Ma
Consultant

Rita Chou
Consultant

Elaine Xiong
Consultant

Gavin Conway
Consultant


Chris Picken
Consultant

Emmanuel Mwajombe
Consultant

Minnie Chung
Consultant

Leigh Clasby
Consultant

Griffin Corporate Concepts
Consultant

Steve Massey
Consultant

**********************************************
The Company has one wholly owned subsidiary, African Mineral Fields Inc. (incorporated under the laws of the British Virgin Islands), which in turn has incorporated two subsidiaries, African Mineral Fields Limited and AB Mining Limited (both incorporated under the laws of Uganda).

NOTABLE MENTION

The Company's consolidated net loss for the current fiscal year was $795,511 or $0.01 per share compared to the previous year’s consolidated net loss of $1,618,023 or $0.03 per share. The net loss in the year ended July 31, 2007 was $4,502,428, or $0.11 per share.


Corporate administration and investor relations

Corporate administrative and investor relations costs were $194,274 in the current fiscal year compared to $381,687 in 2008 and $246,772 in 2007.


Stock-based compensation expenses of $165,819 decreased from $528,266 in 2008 and $411,546 in 2007. The increase from 2007 to 2008 is due to the effect of re-pricing options in 2008. The decrease from 2008 to 2009 is due to granted options becoming fully vested in 2009.


Cash used in operations was $252,385 in the current fiscal year compared to cash uses of $2,419,650 in 2008 and $2,614,207 in 2007.

The Company had a working capital deficiency of $2,485,548 at July 31, 2009.

The Company has experienced total losses during the exploration stage amounting to

$21,826,615 as of July 31, 2009.

[bewareofsnakeoil]

MGNU's Tier has dropped not one (1) but two (2) Tiers, and is one Tier away from being a company that is not able or willing to provide disclosure to the public markets, or to a regulators.

Companies in this category do not make Current Information available via the OTC Disclosure and News Service and, includes companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky.

[bewareofsnakeoil]

MGNU OTC Tier Change

OTC Pink Limited - for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. Also, includes companies that are unwilling to meet the OTC Pink Basic Disclosure Guidelines.

[bewareofsnakeoil]

Great reading material before bed!!

50 page document that outlines how these jokers pump and dumped a stock only half as good as Graham Taylor operated on MGNU!!!
Didn't MGNU go to 3.50?? TSHO only reached 1.50, well done mate!!

I can't imagine what you did. MGNU has twice as many shares and there was a gang of them.
For being an x-bouncer at a Vancouver nightclub, you must be really smart!

Enjoy mate!

PDF] SEC Complaint - Securities and Exchange Commission
http://www.sec.gov/litigation/complaints/2013/comp-pr2013-39.pdf

www.sec.gov/litigation/complaints/2013/comp-pr2013-39.pdf - Cached
6 days ago ... This action arises out of a fraudulent international "pump-and-dump" ... which
over $300,000 was transferred to Carrillo and Huette!, .... John B. Kirk, age 40, is
a Canadian citizen and resident of Surrey, ... The ASC charged .... In 2009, the
Kirks, Boyle and Hinton set up two "boiler-room" ..... diligence files.

[bewareofsnakeoil]

SEC target Homm facing jail for market manipulation

2013-03-11 20:07 ET - Street Wire

Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
Also Street Wire (U-PELE) Pro Elite Inc


This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Mike Caswell

Former German hedge fund manager Florian Homm has been arrested on U.S. fraud charges that stem from a $53-million market manipulation scheme. (All figures are in U.S. dollars.) Prosecutors in Los Angeles claim that he used hedge funds to artificially boost several companies, causing at least $200-million in losses to investors in those funds. Police in Florence, Italy, arrested Mr. Homm Friday at the request of U.S. authorities. They took him into custody at the Uffizi Gallery, a 248-year-old museum.

The criminal charges come two years after the U.S. Securities and Exchange Commission filed a civil suit against Mr. Homm and a Victoria man, Colin Heatherington, for the scheme. The SEC claimed that the men boosted six OTC Bulletin Board and pink sheets companies with wash trades between 2005 and 2007. In one case, they sent a stock to $12.99 from $3.20 in minutes, the regulator said. Both men deny any wrongdoing, and prosecutors have not publicly disclosed any criminal charges against Mr. Heatherington.

[bewareofsnakeoil]

As soon as, The U.S. Securities and Exchange Commission finds out about Graham Taylor secretly dumped millions of shares of MGNU as he touted the stock civil fraud charges will be filed against him and his asian gang of consultants, it will be for more than a $12.1-million dollars!!!

Please contact the Alberta Secutities & Exchange Commission if you are a shareholder or have information regarding MGNU and Graham Taylor.

[bewareofsnakeoil]

Didn't Graham Taylor President, CEO of MGNU pump n dump this stock to over $3.50!?!? I think so!! Where did all the money go Graham???

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=MGNU&insttype=Stock&freq=2&show=&time=13

[bewareofsnakeoil]

SEC files fraud charges over Surrey boiler room

2013-03-18 13:34 ET - Street Wire

Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
Also Street Wire (U-PBEC) Pacific Blue Energy Corp
Also Street Wire (U-TSHO) Tradeshow Marketing Company Ltd


This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Mike Caswell

The U.S. Securities and Exchange Commission has filed civil fraud charges against four Canadians and others for a $12.1-million pump-and-dump scheme run from Surrey and Calgary. (All figures are in U.S. dollars.) The SEC claims that the promoters, operating under the name Skymark Media Group, promoted two pink sheets companies with bogus claims about infomercials and solar power. They secretly dumped millions of shares as they touted the stocks through spam and boiler rooms, according to the SEC.

The defendants in the case include John B. Kirk, 40, of Surrey, and his brother Benjamin T. Kirk, 34, formerly of Calgary. Also named is James K. Hinton, 42, of White Rock, and Dylan L. Boyle, 34, of Calgary.

The charges against the men are contained in a civil complaint that the SEC filed on Friday, March 15, in the Southern District of New York. The complaint describes a scheme the men ran between 2007 and 2011, in which they used boiler rooms, spam and bogus research reports to tout a pair of pink sheets companies. Both stocks went to well over $1 before falling to under a penny.

[bewareofsnakeoil]

Ask your broker about MGNU before Buying!

If a company like MGNU's securities are listed on a stock exchange, the company is subject to certain reporting requirements – including making audited financial statements available to the public. If a company’s securities are quoted on the OTC Bulletin Board, (FINRA) requires the company to comply with certain reporting requirements. Companies like TSHO with securities quoted on the Pink Sheets, however, are not necessarily subject to reporting requirements.

In addition, for stocks quoted on the Pink Sheets, you should ask your broker whether any broker to see if a a Form 211 was filed for the company) If the company’s stock is quoted on an “unsolicited” basis only like TSHO, you may want to consider more carefully who was calling this security to your attention.

[bewareofsnakeoil]

Securities fraud, also known as investor or stock fraud, covers a range of activities that violate federal and state laws pertaining to buying, selling and trading securities. The most common forms of securities fraud include:
•Misrepresentation (presenting misleading or false information to investors about a company, or its securities)
•Accounting fraud (manipulating or falsifying books or records to misrepresent a public companies assets and liabilities)
•Insider trading (buying, selling or trading securities based on information that is not readily available to the general public)

Securities fraud is governed by both federal and state laws, and legal actions can be brought about by private investors or by a government agency, such as the U.S. Securities and Exchange Commission. Violations of federal securities laws are treated as serious offenses that can carry both civil and criminal penalties. Criminal investigations can lead to felony convictions that carry penalties of up to 20 years' imprisonment. In addition, the Securities and Exchange Commission (SEC) and National Association of Securities Dealers (NASD) may impose civil fines against corporations or individuals convicted of securities fraud.

Federal Regulations

While state laws vary, federal securities laws include the Securities Act of 1933, which addresses the issuance of securities by companies, and the Securities Exchange Act of 1934, which governs the trading, purchase and sale of securities. These laws authorize a government agency, the Securities and Exchange Commission (SEC), to monitor the industry and to issue further regulatory controls. Other federal laws, like the Private Securities Litigation Reform Act and the Sarbanes-Oxley Act of 2002 also impact the securities industry and serve as a basis for claims related to securities fraud.

At the federal level, the SOX also establishes federal penalties for violations of laws pertaining to the buying, selling and trading of securities. Section 802 (a) of the SOX states:

Whoever knowingly alters, destroys, mutilates, conceals, covers up, falsifies, or makes a false entry in any record, document, or tangible object with the intent to impede, obstruct, or influence the investigation or proper administration of any matter within the jurisdiction of any department or agency of the United States or any case filed under title 11, or in relation to or contemplation of any such matter or case, shall be fined under this title, imprisoned not more than 20 years, or both.

Section 1107 of the SOX provides legal protection for those who report situations that may involve securities fraud. It states:

Whoever knowingly, with the intent to retaliate, takes any action harmful to any person, including interference with the lawful employment or livelihood of any person, for providing to a law enforcement officer any truthful information relating to the commission or possible commission of any federal offense, shall be fined under this title, imprisoned not more than 10 years, or both.

[bewareofsnakeoil]

File A Complaint

If you have serious concerns about the way your investments have been handled, a company you have invested in, or believe securities law has been breached by a company or individual, you can make a formal complaint to the ASC.

If your concern is with your investment account, financial adviser or investment company, you should first try to resolve your dispute with your financial adviser, the branch manager, or the compliance officer. If the matter relates to an Investment Industry Regulatory Organization of Canada (IIROC) or Mutual Fund Dealers Association member firm, you should contact these self-regulatory organizations directly. Or, alternatively contact the Ombudsman for Banking Services and Investments (www.obsi.ca).

If your concern is with respect to the poor execution of a trade order, potential violations of the Universal Market Integrity Rules (UMIR), potential trading violations by a regulated person, or concerns regarding timely disclosure of material information by a publicly listed company, forward your complaints to Investment Industry Regulatory Organization of Canada (IIROC).

If you would like to send a complaint to the ASC you must include enough details so we can determine what actions might be necessary.

Please fill out the online form. Please be prepared to explain:
¦What your complaint is about.
¦When the incident took place (dates, times etc).
¦The steps you have taken during the course of the situation.
¦Names and addresses of those involved, and your relationship to the company or individual at the source of the complaint.
¦If you have any copies of letters, cancelled cheques, account statements, or other documents that will help explain your complaint and support your statements. You may be asked to provide these hard copy documents at a later date.
¦Other relevant information that would be helpful to better understand your concerns.

Should you wish to file a complaint via regular email, fax or letter, be sure to include all of these details. Send to:
Email:

[e-mail]
Fax:


Attn: Case Assessment
[phone]

Mail:

Attn: Case Assessment
Alberta Securities Commission
Suite 600, 250–5th St. SW
Calgary, Alberta, T2P 0R4

[bewareofsnakeoil]

Insider Trading Warning

If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.

What is insider trading?

Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.

Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if that person is "aware" of the material nonpublic information at the time of the purchase or sale.

Affiliates, insiders, relatives, or other persons in possession of material information should use extreme caution when buying or selling securities on the basis of material information, particularly in securities where the company is not making adequate current information publicly available as a matter of practice.

[bewareofsnakeoil]

Found the link to all the pump and dump talk back in the day on www.ragingbull.com

http://ragingbull.quote.com/mboard/boards.cgi?board=MGNU&for=mgnu

[bewareofsnakeoil]

[bewareofsnakeoil]

Formerly=Gravity Spin Holdings, Inc. until 5-04

Contact Info
115 - 280 Nelson Street
Vancouver, BC V6B 2E2
Canada


Website: http://www.magnusresources.com
Phone: [phone]
Does anyone ever answer this number??????

[bewareofsnakeoil]

A necessary overreaching of U.S. tax law into Canada

Faced with ever-increasing sovereign debts and galloping deficits, governments are ramping up their tax-collection efforts to avoid the Greek malady of tax leakage. In the process, however, the United States is extending its territorial reach and making victims of nearly a million innocent Canadians with dual Canadian-American citizenship.

The United States is one of the few countries that taxes its citizens, regardless of where they live, on their worldwide income. The theory is that citizenship implies duties and responsibilities that require balancing the cost and benefits of national belonging.

Even non-resident citizens of a state are entitled to its political protection and, therefore, should bear some of the cost to reflect the benefits of citizenship. During the Israeli incursion into Lebanon in 2006, for example, Canadian, U.S., British and Scandinavian governments evacuated their citizens from the war zone. Canada evacuated 15,000 of its citizens from Lebanon at a cost of $85-million. Canadian taxpayers paid the bill.




America uses a double-edged sword to curtail tax leakage. First, all U.S. citizens must file U.S. tax returns on their worldwide income, regardless of whether they owe any U.S. tax. The law defines “citizen” broadly to include any person born on U.S. soil.

Indeed, many foreign mothers travel to the United States just to have their babies born there so that the children may claim U.S. citizenship in later life. On the flip side, there are “accidental citizens” — people who just happened to be born in the United States without any particular plan — for example, a woman giving premature birth while visiting the United States.

As a practical matter, the majority of American-Canadians have no actual tax liability for U.S. taxes because of threshold exemptions, foreign tax credits and Canada-U.S. tax-treaty provisions. Nevertheless, unlike Canada — which does not generally require an individual to file a tax return if she does not have any taxable income or tax payable — U.S. citizens must file U.S. tax returns by June 15 of each year.

Failure to do so exposes them to substantial sanctions and legal difficulties if they cross the border into the United States.

Many dual citizens living in Canada (some for more than 45 years) were either ignorant of the law or chose not to inquire too closely.

All was well when the Internal Revenue Service was docile and the economy booming. In light of the galloping U.S. deficit, however, the IRS has awakened and is hunting for tax dollars under every rock to finance its government’s profligate spending. Canadian-Americans are now in the IRS’s headlights.

Under U.S. law, a U.S. citizen travelling into or out of the United States must do so on a valid U.S. passport. A Canadian passport showing the United States as the individual’s place of birth is a sure giveaway that can attract attention.

The IRS will waive penalties for delinquent taxpayers who can show “reasonable cause” for their failure to file U.S. returns.

This is a vague provision that creates uncertainty and anxiety for many Canadians. If they do not file returns, they are subject to harsh penalties. If they do file returns and plead “reasonable cause,” they may get relief, but will never know until it is done.

Following representations from the Minister of Finance, Jim Flaherty, on behalf of the Canadian government, the Internal Revenue Service has announced that it will also waive penalties if low “compliance risk” delinquent taxpayers file their returns for the past three years and owe less than $1,500 — a form of partial amnesty. Going forward, these taxpayers will have to file U.S. returns.

High compliance-risk taxpayers remain exposed to severe penalties. The IRS has an open-ended offshore voluntary-disclosure program, which it may end at any time.

The program offers people with undisclosed income from offshore accounts another opportunity to get current with their tax returns. The current program has a higher penalty rate than the previous program.

The second blade of the sword is the recently enacted Foreign Account Tax Compliance Act (FATCA), which, commencing in 2014, will require foreign banks to report on the income of U.S. citizens living outside the United States.

Failure to do so will expose financial institutions to adverse withholding tax and other economic consequences. Understandably, Canadian banks are not enthused about such reporting requirements, which will be costly to implement and create stress with their customers.

FATCA penalties for wilful failure to report foreign financial accounts are draconian and can go as high as 50% of the highest value of the account in each year. Thus, two years of non-reporting can empty a bank account.

Dual citizens who are sufficiently disgusted by the oppressive tax rules may be tempted to renounce their U.S. citizenship and put an end to the tyranny of U.S. tax-reporting requirements. Before doing so, however, they should consider the long-term consequences.

Renouncing U.S. citizenship requires governmental approval, which usually involves an exit interview with a U.S. official who will question you about your motives for giving up your application. The United States can bar former citizens from re-entry into the country without a visa and, under a new proposed amendment, may bar entry to any individual who renounced her citizenship for tax reasons.

Giving up citizenship also triggers an exit tax — the citizen is treated as if he sold all of his property the day before renunciation.

In most cases, tax treaties prevent any double taxation. However, the renouncing citizen is also required to certify that she has been tax compliant for the past five years. This is awkward for those who have not in fact filed any U.S. tax returns.

Also of concern to wealthier Canadians, the U.S. will tax beneficiaries of an estate of a departed citizen at a rate equivalent to the U.S. estate tax.

The FACTA provisions are an unnecessary overreaching of U.S. tax law into Canada. The existing information-exchange provisions in the Canada-U.S. Tax Treaty should be sufficient and, if not, could be strengthened to permit government-to-government reciprocal reporting.

Mr. Flaherty is to be commended for seeking an early resolution of FACTA issues with his counterparts in Washington and for negotiating the partial amnesty for the innocent victims of U.S. tax-reporting rules so that law-abiding dual-citizen Canadians can cross the border without apprehension.