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Article Title:
Barbour signs tax rebate bill for casinos
To view the contents on www.clarionledger.com, go to:
http://www.clarionledger.com/apps/pbcs.dll/article?AID=/200903180100/NEWS010504/903180336
Bee man does not have to move bees from property!
Just a little Tunica and MS Gaming News 30 percent tax rebate for casino developers signed into law.
Here's the link:
http://www.clarionledger.com/article/20090318/NEWS010504/903180336/1005/biz
Just checking - anyone heard if MYRA made March payment of 50,000 since I did not see it mentioned on any SEC filing?
Myriad Makes Feb 2009 land option payment
new filing: http://www.secinfo.com/d122ap.s65.htm
On February 2, 2009, the Company made the second option payment of $50,000 as per the Revised Land Contract.
greenparrot I think penny stocks are just like a casino they both get your money put the stock make you feel better longer think you are going to hit it big one day. If you want actioin tru SOLM 2 Patient and is soueing Toyota over their electric car.
Still holding as well. But at this point it is sooo boring I sometimes forget I own it :)
I agree, it is the same old story month after month. Delay, delay, if they pull this deal off, it will shock the world!! Most of all, it will shock me, but I will still hold--there has to be a pot of gold at the end of the rainbow!
So what. This is a habit that has
become tiring. Yawn!
Press release posted on Myriad webite
http://www.myriadentertainmentandresorts.com/news.asp?table=NEWS&id=17
SEC Filing January 16th 2009.
Revisions to Land Contract
On December 3, 2008, the Company, Picture Window, LLC and Kenneth M. Murphree, LLC entered into a Contract for the Sale and Purchase of Real Estate revising certain provisions relative to the Monthly Payments as provided in paragraph 2of the Original Land Contract. Specifically, the Monthly Payment dates have been modified such that the Company is obligated to make such payments as follows: (i) $50,000 on each of January 5, 2009, February 2, 2009, March 2, 2009, April 1, 2009 and May 1, 2009; and (ii) $33,750,000 payable on the Closing Date.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6075752
My father also told me it was in the commercial appeal last week as well.
Found this interesting dont remember a closing place before:
Closing Date: This transaction shall close on or before Tuesday, June 2, 2009 at 1:00 p.m. (the “Closing Date”) at Dulaney Law Firm, L.L.P., 986 Harris Street, P.O. Box 188, Tunica, MS 38676, or other such place as is mutually agreed upon by the parties. If the Purchaser desires to close this transaction prior to the closing date, then
Purchaser shall give Seller written notice at least ten (10) days prior to the desired closing date which notice shall state the desired closing date
share lock-up for 5 years
also in new contract: Picture Window LLC and Ken Murphree will be awarded 2M shares collectively at closing, and those shares cannot be sold, pledged, hypothecated, etc. for 5 years
this is all good news. hasn't hit the biz journal, memphis paper, or even yahoo news yet.
on the site
there are two entrances after the first main entrance, and there is a small business, McDonald Outdoor, that makes billboard advertising. it's no big deal, they are actually far enough away on a side road not to be an issue.
however, I think that since they are giving them only a 6-month renewal means that they want them out of the way, and that bodes well for real plans that Myriad anticipates
What is McDonald Outdoor? Do you know
the importance of this company getting a lease
renewed - does it mean anything?
New Contract, Payment Made
http://www.secinfo.com/d19aNn.s1e.d.htm
http://www.secinfo.com/d19aNn.s1e.htm#1stPage
Lopardo made a $50,000 payment Jan 5, 2009.
Positive changes:
1. There are phone numbers and addresses for management.
2. More detailed dispersion of revenues are given example to.
3. Infrastructure such as permanent pilings are discussed.
4. Payments go directly to seller and are not held in escrow.
5. McDonald Outdoor, existing business, is discussed for first time, and they might get 6 more months on a lease that ends May 2008.
Someone bought 2200 shares before close at .15
I call it painting the tape:) Everyone else paid
.07-.08 all day. Today, now at .10.
No new news that I know of.
LL, I saw that too. I have a ticker and I saw the +.08 and was like ? However, I couldn't find any information. Seems there we spike right before closing bell.
SELF:
WHAT HAPPENED? I looked everywhere for news, so far, have not found out a thing!
I like it, whatever it is___Bout time for something!
Happy Holidays to all. I really wasn't going to post anything but this is an article in this morning's Tunica Times;
I did speed read it, I don't think it mentioned anything about Myra, but our boy Ken had some things to say:
FYI:
http://www.tunicatimes.com/default.asp?sourceid=&smenu=1&twindow=&mad=&sdetail=4543&wpage=1&skeyword=&sidate=&ccat=&ccatm=&restate=&restatus=&reoption=&retype=&repmin=&repmax=&rebed=&rebath=&subname=&pform=&sc=1018&hn=tunicatimes&he=.com
I see what your saying, but Atlantic City has been in trouble
too, for a while. First they enacted the smoking ban, then
PA and CT opened casinos and they lost revenue to that. Then after losing people to smoking ban, they temporarily lifted it - but still people are not coming. I think the only casino in AC that is doing well is the Borgata - an upscale mega resort style casino. Not saying MYRA won't have problems getting financing - that we will have to see. But Trump is well, Trump - and he is doing an exclusive on Fox News, as I type this.
Thanks for the info anyways - Happy Holidays to all.
greenparrot I did not read that PR what I read was on Yahoo Finance from AP dated 12/01/08 some of what is in it states the economic picture nationally is causing gaming companies from East to West coast some sever problems 5 of the 11 casino in Atlantic City could file for Chapture 11 ( Two are NON Trump) in 2009. BANKS are UNWILLING to lend money to build projects at favorable rates. Consumers are SPENDING LESS on GAMBLING and ENTERTAINMENT at CASINOS. Just thought that our backers were thinking that they might not get their money back right now.
I don't know what TRMP has to do with MYRA - Donald Trump has been going down hill for years - here is the story (had to copy & paste - link does not work). His stock is now around .25 a share. Also, take note of the comments listed after story.
The Atlantic City, N.J., casino operator, with about $1.25 billion worth of the notes outstanding, said late Friday that it has a 30-day grace period to pay up and will meanwhile seek talks with its lenders to revamp its capital structure and improve its liquidity. A panel of independent directors will oversee the talks, the company said. If it doesn't make the payment in the 30-day grace period, Trump Entertainment said, holders of a quarter of the notes and lenders under a $490 million senior secured loan to a company subsidiary will be able to accelerate the maturities of those obligations.
Donald Trump, the television personality and New York real estate investor, is non-executive chairman and the largest shareholder of Trump Entertainment, which operates three Atlantic City casinos: The Trump Taj Mahal and the Trump Plaza on the Boardwalk and the Trump Marina in the Marina district. The last is being sold to Coastal Development for $270 million in a deal that has seen the price lowered and the closing deadline delayed. Trump Entertainment "is separate and distinct from Mr. Trump's privately held real estate and other holdings, which the company understands encompasses substantially all of his net worth," the company said.
After his casinos twice ran into bankruptcy, Trump was removed from having any operating role in them as part of the deal that brought the company out of Chapter 11 the last time around. And it could happen again: Earlier this month, Fitch Ratings warned that after the company drew a remaining $25 million available on its credit facility this quarter to help fund an expansion, "it will have little to no access to committed external funds." The ratings agency also said that "given Trump's heavy debt load and the expected operating pressure in Atlantic City over the next 12 months, it is crucial for Trump to close the Trump Marina sale in order to avoid a restructuring, in the absence of another transaction."
On Nov. 7, Trump Entertainment reported that it swung to a third-quarter loss of $139.1 million, or $4.39 a share, from a profit of $6.6 million, or 21 cents, in the year-earlier period. Continuing operations produced a loss of $3.49 a share against profit of 7 cents. Revenue fell 8.4% to $198.3 million.
The company cited slower consumer spending, competition from Pennsylvania, and a smoking ban as the primary factors in the latest results. The number of customers was relatively stable, but spending per person declined, the company said.
The company said then that it was controlling its costs and that its 21 top-paid executives had agreed to a 5% salary cut.
Shares of Trump closed at 31 cents Friday, giving the company a market capitalization of approximately $10 million. The stock price scraped as low as 25 cents earlier this month after trading near $6 this time last year.
Trump faces Deutsche Bank suit. Separately, Crain's Chicago Business reported that Deutsche Bank AG, the lead lender on the City's Trump International Hotel & Tower, is suing Donald Trump, trying to collect a $40-million personal guarantee he made to help get financing for the 92-story high-rise.
The bank filed the suit Friday in state court in New York, charging that Trump defaulted on the loan earlier this month by not paying off $334.2 million due to Deutsche Bank and its syndicate. The move follows a suit Trump filed that accused Deutsche Bank and its syndicate of wrongly refusing to extend a Nov. 7 maturity date of a $640-million loan. The magazine cited Trump's legal action as saying the lenders are harming condo-hotel unit sales and that a "force maneure" clause in the loan agreement applies, since the world financial crisis is an extraordinary event that permits a loan extension.
Comments after article:
The Donald is living proof that if you are going to be a thief, be a big thief. This guy has gone bankrupt and screwed up more than almost anyone I can think of, yet the stupid bankers keep on lending him loads of money. I hope they all lose their a*...
Trump ... pppffffftttt ... He's a fool, always has been and always will be ... Folks just liked his fancy name and hair ...
He's a MOBSTER is what he is..... Casinos, Models, Real Estate, Fake hair, PULL-LEASE!! The problem w/ America is that we have ZERO Heroes today. Every "icon" is a theif, a hypocrite, tax evader, pedophile, a sex addict or a shyster. Most of them are all of the above....and some are more than that.
I can't name one "hero" today that operates w/ integrity. Not one business man in this country is anyone to idolize - everyone of them has skeltons in their closets!!
I have said it before and I will say it again....Trump has no business sense whatsoever. Just very lucky his dad was in real estate.
The "TRUMP" lifestyle is the example, of the excesses America has come to embody....pitiful to say the least.....Our Govt is TRUPM, on the national/world level....living on paper debt and happy to find all the world buyers, willing to support this deck of cards and to fund it too!!!! SAD and SICK at the same time!!!!!
Trump you are Fired... i think this was because he was focusing too much on celebrity apprentice than his actual business...His pent house should be on sale to pay off his interest payments..
And he should be forced to drive a PT cruiser (A purple one), and wear an I'm with stupid shirt that has an arrow pointing up!
Trump - you're fired.
Rosie just got canned (didn't know she even had a new show) so maybe she and " The Donald " can kiss and make up..........Barf. They actually deserve each other.
He should kick that rare norwegian forester cat off from his head and rent out his brow for billboard space.
Here's the next hand looking for a bail out...
Watch it and weep - Mr. Trump will come to Washington looking for some capital on Capitol Hill.
Makes me think of one word and only one word....FIRED!!!
Trump, quite a scam...and so many fall for it...PT Barnum
Destiny my boy destiny!
How can anybody go bankrupt with a licensed gaming company? Beats me. People carry in the cash with their bare hands and hand it over to you. You must be quite a genius to screw up THAT business model.
And so begins another Bankruptcy Shuffle. Missing a payment. No big deal. We have a grace period. Just shoring up liquidity boys. No worries here. Then they have to pay out to senior notes. More liquidity issues. Layoffs. Service interruption. Third parties demanding payment, in cash, up front before delivery of goods and services.
Kiss it goodbye Mr. Trump. You should try a mullet next time. You're fired!
TWO THUMBS UP if you think Donald Trump should be "FIRED"
Someone actually loaned Trump money? Now that's funny!!!
And this is the man who has just bought up a beautiful and irreplaceable area of Scottishh coastline - which was supposedly protected until the Scottish government gave into his bully-boy tactics. He intends to destroy it with a Disney-style golf development and hundreds of houses. Heaven help us.
If you read Trump Enternment TRMP news Dated 12/01/08 you will see one of the reason why we can not get any money. They defalted on their morgage payment.
They'll file the new formal agreement as soon it's done with the new amendments. It kind of figured that this deal was not going to fly in the current slump and tight credit markets. This buys time for the ecnonomy to improve without scuttling the deal.
Am I reading the present SEC filing wrong - MYRA
no longer has a written contract, only an oral
one - what is that all about? And they give a
new closing date for June 2009. I don't like that
oral agreement thing - doesn't sound right to
me.
Thank you so much!
Agreed - who is he anyway? If we had a moderator - he'd be booted - I don't even know what he is talking about???
agree
see if the cycle improves. one to watch with this is LVS for the large crowd moves, and oddly, SWCC, the same group that makes markets in MYRA, does so in SWCC
Awesome, we all new that was coming, better to move your goalpost than to remove it period.
thank you camp
and yes, I should have checked on him. i hope the pictures and info make up for it. check my yahoo post, went to the site again today. i half expected a cop to show up, and he did. 3rd time.
are you aware of debenture for Nov 09, we might have to wait til then. we'll see tomorrow. here's a holiday wish that the closing print tomorrow reflects $100M rev on 1 year, no dilution. that'd be... $2.12
Holy !@#$ will u please !@@#@!##@ and get the @!@#@@ off of this site, u r driving me nuts, who gives 2 !@#@'s if he IM u.
no! oh no! yes ! oh yes! no no please don't!
Divulge away Pinkie, here's some advice:
Try to imagine yourself as an infant, new to the world, innocent, a point of humanity to protect. Then, look at yourself now. Are you acting in a way that suits an orderly universe?
NO ONE CARES WHAT YOU SAY HERE. If you really hate, or love Lopardo, sounds like it to me, then you should take all of this to him. Everyone here knows the risk in penny stocks and with the current CEO.
Thank you. Goodbye.
werl, I have been back to the site before
but I did not go back there immediately after seeing these signs
I wanted to get a shot of the Treasure Bay site, you can just about see it in the background where the road goes over the levee on picture # 5.
BeenToMyraSite, I'm truly sorry that some of you were snookered by Nick's facade.
Whether you choose to believe the facts or not, the facts are still there to be seen by others (including those who will make decisions about financing such a pie-in-the-sky deal in this economy).
BTW, this is me, too: http://www.sec.gov/cgi-bin/browse-edgar?company=smith+david+allen&match=&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany
A lot of people have been hurt and burned by Nick's business practices. Don't buy his hype.
- Dave
you are welcome
rsox, anyone else wants more pics send me an email
Do I have a point of view?
Yes.
Is that point of view based on facts?
Yes.
Should each investor make up his or her mind after reviewing the facts?
Yes.
***************************
Unlike you, I don't have $$$ invested in Lopardo's vision. That means you sort of have "an axe to grind" here - seeing your penny stock investment take off; I can parse thru the SEC filings for MYRA with you in a civil and respectful fashion, if you'd like.
- Dave
Thank you for the pics!!!
NEW SIGNS AT MYRA SITE (5)
THESE SIGNS WENT UP THIS WEEKEND. THIS IS A SHOT OF THE ENTRANCE TO THE LAND THAT MYRIAD HAS THE LAND OPTION ON.
IN THE BACKGROUND YOU CAN SEE THE OLD TREASURE BAY SIGN.
NEW SIGNS AT MYRA SITE (4)
BEHIND THE TREELINE IS THE LEVEE, BEHIND THE LEVEE IS THE PROPERTY MYRIAD HAS THE LAND OPTION ON. THAT IS THE GOLDSTRIKE HOTEL AND CASINO (AND HORSESHOE) NEXT TO IT.
NEW SIGNS AT MYRA SITE (3)
RIGHT SIDE OF ROAD TO MYRIAD ENTRANCE
TREASURE BAY SIGN BACKGROUND, LEFT
NEW SIGNS AT MYRA SITE (2)
MY CAR
NEW SIGNS AT MYRA SITE (1)
THEY WENT UP THIS WEEKEND
IN THE BACKGROUND ON LEFT YOU CAN SEE OLD TREASURE BAY SIGN
What is that bank Lopardo worked for..?
And where does he live? Oh, it's the very first bank mentioned, in his home state!
http://www.boston.com/business/articles/2008/10/14/us_bolsters_banking_system/
Boston financial services giant State Street Corp. and Bank of America Corp. are among major banks and institutions set to receive $250 billion from the US Treasury as part of an unprecedented plan to spur lending.
Turkey Seller
I guess today's seller of 50,000sh needed his $5K. Anyway, who knows. But I believe, unless it was forced selling, which I think it was not, by the 5000 dished out every five minutes, that he will regret it. Why? I have no clue.
But, http://www.nytimes.com/2008/11/26/business/economy/26fed.html?_r=1&ref=todayspaper
U.S. Details $800 Billion Loan Plans
that might make a difference.
$.8B/$800B = .001% of the money available. We can't get that?
Please...
Call me crazy but I think this thing is still going to go.
I have been watching and I agree. Would love a pre
Xmas surprise. I know the stock will work out - hope
my Thanksgiving goose comes out as well. Up late - rendering the fat from the damn thing. Kinda sounds like the present economic situation :) I want a crisp Goose!
HAPPY TURKEY DAY TO ALL... We're having goose.
in fact, 3rd lowest vol week was
last week. it has been three years since volume has been so inactive, and look what happened after each of those low volume periods, kaboom...
also, it only took $75 to make today's print .15; but the reality is that 5000 went off at .10 and it would have closed there if someone (not I) hadn't bought that 500 three minutes before the close. my point is that i find it almost funny that it can just go down so much on so little
but that's the positive. if it had been 100,000 then it might mean something bad. as it is, i am not worried. actually, if you look at the expiration on Lopardo's debenture, Nov 2009, you might gander that they still try to get it done before then
i hope we get a holdiay Dec 2 surprise, but I think anyone can understand if any deal was consummated and then put on hold
agree most of the good volume has been taking the ask
and money flow is at it's highest yet this year, even higher, of course, than when I last posted the money flow chart
i can't help but believe something is coming, maybe not on Dec 2, (it might though), but sometime in next 9 months
The only thing new is another SEC Filing in November - says much the same thing as it always has. I have looked and have not seen any new articles, etc... We will all have to wait
and see what MYRA will do, come around December 2nd - will they
make the payment? or will there be another extension. Yes, people are still buying. I have not sold my shares. I am positive - there is nothing else I can be.
Happy Thanksgiving to all MYRA shareholders and their families:)
do we have anything new? any pr? anything? I know it's tough times so I'm not really surprised right now.. people still continue to buy though..
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Welcome to Myriad Botanical Resort
Designed by Paul Ma, a world renowned creative designer for destination resorts and a member of our Board of Directors, the Tunica Botanical Resort will be based on a botanical garden theme and will offer world-class facilities and amenities along with unique experiences and services.
2/15/08 Development Update
The first phase of development calls for building out the site infrastructure and constructing:
The first two (2) of six (6) total casinos
1,000 casino hotel rooms
150,000 square foot convention and exposition center with a 600 room hotel
5,000 seat entertainment arena
18-hole signature design golf facility
Health club and luxury spa
Private label restaurants
Attractions including botanical gardens and a water/snow park
=======================================================================================================================================
Myriad Entertainment & Resorts Inc.
2565 Horizon Lake Drive, Suite 110
Memphis, Tennessee
38133
Telephone: 1-800-955-0762
A/S 305MM
O/S 45,521,821 as of May 9, 2008
5 difference sources of local news on MYRA.
1. Memphis Business Journal - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31150297
2. Memphis Daily News - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=28817638
3. Commercial Appeal (local paper) - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30994715
4. Tunica Times - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31117316
4. audiovegas.com - Heard it on the River - http://www.audiovegas.com/Schiffer/Archives/
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Myriad Entertainment & Resorts, Inc. Enters into Agreement to Purchase Tunica Land
7/24/2008
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ABOUT MYRIAD ENTERTAINMENT AND RESORTS, INC.
Myriad, owns, through its wholly-owned subsidiary, MER Resorts, Inc., a ninety-nine percent (99%) interest in Myriad World Resorts of Tunica, LLC, a Mississippi limited liability company ("Myriad-Tunica"). Myriad-Tunica's objective is to develop and build a $1.62 billion resort in Tunica, Mississippi. It is intended that the 500+ acre Myriad Botanical Resort will consist of a world-class destination resort centered on gaming, conventions, retail and attractions, and leisure real estate. The first phase of development calls for two casinos each with hotel, a major 600,000 square foot convention and exposition center with hotel, an 18 hole signature-design golf facility, a significant retail complex, a health club and spa, leisure real estate and attractions including botanical gardens, a water park, and an "Eye in the Sky" observatory. As part of a second phase of development, Myriad is exploring several additional attractions and up to four additional casinos. Myriad-Tunica has been granted development and gaming site approvals for the Tunica resort. For more information, see www.myriadworldresorts.com.
Website ~> http://www.myriadentertainmentandresorts.com/location.htm
Nicholas Lopardo
Chairman - Myriad Entertainment & Resorts Inc.
Mr. Lopardo is Past Chairman and Chief Executive Officer of Susquehanna Capital Management Group, an investment holding company based in North Reading, Massachusetts. Director of PerkinElmer since 1996. Chairman of the finance committee and a member of the compensation and benefits committee. Mr. Lopardo has been Chairman and Chief Executive Officer of Susquehanna Capital Management Group, an investment holding company, since January 2002. Mr. Lopardo retired in December 2001 as Vice Chairman of State Street Bank and Trust Company and Chairman and Chief Executive Officer of State Street Global Advisors, the bank's investment management group. Mr. Lopardo had been associated with State Street Bank and Trust Company since 1987, and previously held several executive level positions including Executive Vice President. When Mr. Lopardo joined State Street in 1987, it employed 35 persons and managed $9 billion. Upon his retirement in 2001, State Street had over 4500 employees and had assets in excess of $800 billion. Mr. Lopardo has over 38 years of experience in the pension industry, having served in a variety of roles with Equitable Life Assurance Society related to pension marketing, client relationships, and pension investment advisory services. He is a 1968 graduate of Susquehanna University, with a Bachelor of Science degree in marketing and management, and since 1992 has served as a member of the board of directors of the University, holding the position of Chairman of that board in 2000 and 2001. He was also Chairman of the advisory board of the Weiss School of Business at Susquehanna University and is Chairman of the Board of the Landmark School, a premier secondary school for dyslexic students. Mr. Lopardo is also a board member of the Boston Partners in Education and USA Hockey Foundation, and is an advisory board member of the Salvation Army.
Board of Directors:
http://www.myriadentertainmentandresorts.com/board.htm
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