Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
just increased it to .0212 46,000
only got 50k at .0119, give it 10 minutes and move it up
just put a bid for 100,000 at .0119
hey luv
i,m just saying all those brokerage accounts probally have lots of shareholders with positions in excess of 1 million
Closing Deals
Dean is cutting it close saying dec 15
next week US thanksgiving so basically 2 and ahalf working days
That basically leaves 3 full weeks to close before friday the 18, after that most companies are in holiday mode for 2 full weeks
Heres hoping we close in that time frame
that number is not accurate as to how amny own more than 1 million, i own 1 million plus, all the brokerage houses are no doubt filled with accounts with folks over 1 million the shares are held in the brokerage accounts name
When will the o/s stop increasing any guesses?
iove
TODAYS NR SUGGESTS THEY WILL EXPAND EARLY IN 2010.
WE ARE NOW LOOKING AT 3 DIVIES rICHWOOD FIRST
Eurpoean on early 1010 and todays nr suggests Feb for this divy once paperwork files early 2010
Envirocare should be divied too and expansion plans for that plant announced soon too
pretty crazy
the downward presure, with the new pending
Richwood seems to be moving ahead with contratcs and a divy
the eurpoean divy
envirocare and the conrete deal should have news coming too
definetly watching and believe it will happen as this has been a 3 year plan by Dean and is what appears to be finally coming to ahead
be interesting to hear all the news on contracts once deals close
350,000,000 financing
I think the only way people will believe this is once Dean closes the acqustions or puts out an officail NR saying the money is in bank
Currently in a stock where they had 15 million lined up and confirmed , paperwork done and verbal agreement, but never got the deposit after many months
Past Mistake
Hopefully Dean , and i know he is aware of the Aug 28 deadline mistake so for him to put his neck out and say Dec 15 he must feel it will happen
cutting it close as most companies the following 2 weeks off for holidays
from my understanding they have contracts in hand for this stuff
if you google green world crete alot of info comes up about this
This has the potential to be the biggest sub of iove
it should be divied out to i hope
Cement
Envirocare si planning on buiolding a plant for cement so i would presume we may hear about contracts for that too soon, this cement thing is a real sleeper and may be big for iove , imagine bringing that to china or america
brikk
When these deals close, do you anticiapte management doing any investor tours to get the word out, any maybe media coverage, interviews or analyst reports, or will the company let NR,s do the talking
thanks
Envirocare Unit
No doubt maybe the fastest growing unit in IOVE,s portfolio
hey Rich
did you ever hear back form the comapny?
sspr
against all odds can you tell us about this fake pr company
yikes WHAT WILL THE BASHERS SAY,
Nov 4 - Docket #2008-02, PL0456 - Hearing to show whether good cause exists for revocation of Second Amended Use by Special Review Permit #842 for a Solid Waste Disposal Site and Facility (commercial junkyard and salvage yard including tire landfill, storage and recycling facility) and a Mobile Home for Housing in the I-3 (Industrial) Zone District, and Third Amended Use by Special Review Permit #842 for a Solid Waste Disposal Site and Facility (commercial junkyard and salvage yard, including a tire landfill, storage, shredding, and recycling facility), Manufacturing /Processing Facility (cryogenic processing/crumb rubber), and a Mobile Home for housing in the I-3 (Industrial) Zone District, Tire Recycling, Inc. (con=t from 07/29/09)
mORE MDOR FRAUD
Motor Age article on Magnum SRI Next Generation Custom Compounds states, “Scientists road-testing new tire made of recycled rubber”
October 28, 2009 01:00 AM
Scientists road-testing new tire made of recycled rubber
Publish date: Oct 26, 2009
Source: Motor Age
http://motorage.search-autoparts.com/motorage/Industry+News/Scientists-road-testing-new-tire-made-of-recycled-/ArticleStandard/Article/detail/636162?contextCategoryId=43145
Light truck tires made from a recycled rubber compound produced by Magnum/SRI are undergoing on-road testing and validation by the Rubber Research Institute at the Malaysian Rubber Board’s Tire Laboratory (RRI).
The RRI scientists are also tasked with preparing proper research standards because a suitable protocol does not yet exist for specifically dealing with the Magnum/SRI tires, which have a recycled content level of 14 percent.
The test truck is equipped with a black box packed with monitoring hardware and tracking systems to check all aspects of the vehicle’s operating conditions to be included as part of the evaluation. Control-tires are also mounted to impartially gauge and compare how well the Magnum/SRI compound performs under actual driving conditions.
The company says tire makers will glean considerable raw material savings if production tires can be made with recycled content.
For more information, visit http://magnumresources.net and www.srielastomers.com.
VIEW ARTICLE BELOW:
Copyright © 2009 · All Rights Reserved · Magnum
volume sucks
any volume we break out, waiting for news which could be huge long term
Green world crete
Could thsi be part of the next divy in time Envirocare corp
http://greenworldcrete.com/
one question
whats the companys cash situation, theyre doing the jv,s which is great but we don,t see how much they are paying for a % of those companies
Does look interesting
Tbennett
You continue to remain very positive on the outcome here, i am long here with a good chunk
Do you feel the extra shares issued will be justified in the long run, and true value will prevail in time
Thanks
BOOM TIME
Starts next week in Colorado
rich from oil
were you able to contact the company today, would appreciate your feedback love your other 2 posts on info from company
Thanks
hard metal
did you get any clarification on what mdor is doing?
They appear to be taking all the steps for testing etc, i guess we hope they can nail some contracts soon
yes good point 3 Nrs
2 divies and buying into the divy date
name change any day
financials are also due
like everything its
either yes or no
if they pull it off 6,5 million will look like chump change, and possibly they fail
MDor does not even ahve a permit so i guess your right
TIMBER
stock rox and against all odss i think too many branches have hit your heads
TIMBER
should be announcing the datesfor the 2 divies in the next couple weks if not sooner
in the long run
we get shares divied out and probally more to come in time, and if these companies are succesful IOVE, s value will continue to rise with the rest of the holding companies
good diverified play
A NR
on the divy will move this puppy, and than accumulation to the divy date
Name change will add credibilty too
i,m in
for starters 100,000 yesterday
and another 150,000 just now
will add on dips
interesting read 3rd party, not paid for hope your happy
Posted: 09/20/2009 01:00:00 AM MDT
A Canadian company bought the nation's largest tire dump near Hudson a month ago for $6.5 million in bankruptcy court with a plan to pulverize the tires and use the resulting powder in a variety of new applications.
Magnum d'Or Resources of Magog, Quebec, has partnered with a Malaysian firm to find new products made from the recycled tires, touting the technology as breakthrough.
How Magnum gained control of the tires once known as Tire Mountain — home to anywhere from 30 million to 85 million tires — is a case study in business intrigue.
The previous ownership, Tire Recycling, is gone after its idea of using the tires for fueling a power plant flamed out. So did a plan to crumble the tires into tiny pieces for use in landscape applications.
The principal of Tire Recycling, Dwain Immel, is under indictment in Denver for felony securities fraud on a separate oil and gas venture he tried to cobble together, and investors in Tire Recycling have sued him.
A member of an ad hoc state task force on what to do with Colorado's burgeoning stockpile of waste tires — it has the largest of any state — says if Magnum's method of making money from the tires doesn't work, the dump should be capped and closed.
"I think they have a really tough road to hoe," said Michael Blumenthal, vice president of the Rubber Manufacturers Association and the nation's foremost expert on scrap tires. "The piles in Hudson have been getting bigger year after year. It's been a long-running headache."
Others say the variety of plans for the site is exceeded only by the optimism that created them.
"Over the years, we've had lots and lots of people call us saying they had the right idea, but no one ever seems to have the money," said Trevor Jiricek, director of environmental health for the Weld County Public Health Department.
"They want to make oil from the tires, make material for football fields, burn
The massive tire dump near Hudson is the nation's largest, containing 30 million to 85 million tires, and getting bigger every year. (Kenneth D. Lyons, The Denver Post )it for energy. There's always something, and none ever seems to come to fruition," he said. "It would be awesome if it can be a viable recycling operation."
Big plans go flat
Immel's company filed for bankruptcy in August 2007, unable to come up with a market for the recycled tires or to satisfy creditors demanding payment. He'd bought the dump in 2003 for $3 million with the backing of one investor. Other investors followed.
After filing Chapter 11, Immel thought he had a deal to sell tires to Magnum, giving him hope that he would emerge from bankruptcy.
But that turned on him.
Bankruptcy records show the deal was to allow for Magnum to purchase about 35,000 tons of tires, shred them on site under a separate lease agreement, then transport the product to Quebec for final processing.
The agreement was to generate about $1.2 million a year, enough to keep Tire Recycling alive, Immel said.
Things suddenly changed a few months later in early 2009, records show. Magnum talked of purchasing the property, tires and equipment for $15 million, according to a letter of intent.
The company had already paired with Malaysian firm Sekhar Research Innovations Sdn Bhd to develop new rubber recycling solutions, according to Magnum's news releases.
Immel thought he'd found his payday.
"It was an acceptable deal to everyone, including the creditors, and a fair return on the investment," Immel said.
The principals at Magnum, though, had other plans. While Immel stopped seeking other deals for the tire inventory as part of his agreement to negotiate a sale, Magnum quietly set about buying up the secured creditor interests in the bankruptcy case.
Before anyone knew it, Magnum had become the single-largest secured creditor, taking over about $4.4 million in notes, court records show.
That's when Magnum made its formal bid to buy the dump site, equipment and tires for $6.5 million. It meant Immel and his investors — nine of them, according to court records — weren't likely to see a dime after creditors were paid.
Magnum president, Joseph Glusic, refused comment.
The bankruptcy trustee approved the deal and allowed only a few weeks for other interested parties to enter bids. There was no advertising, no public notices.
As a result, other companies with an interest in the tires had little or no time to make a viable play, according to interviews with three investment groups that tried. They refused to be identified because their investment strategies are proprietary.
"We simply had no time, and this would have been a decent deal to make," one investor said. "We learned of it through word of mouth. It was a coup for Magnum."
Court challenges
Immel's investors fumed, including Charles Kohlhaas, a retired Colorado School of Mines professor who decided to challenge the sale in court.
"They figured they could set a guy up at $15 million and snatch the whole thing for $6.5 million in court, and I screwed it up," Kohlhaas said. "They beat it into the dirt and did an end-run around Immel. Everyone except me lost all their equity."
Kohlhaas said Magnum settled the challenge for about $1.5 million, enough for him to make two other investors whole, both friends of his. Neither returned calls for comment.
For his part, Immel got about 500,000 restricted shares in Magnum to cover his secured interests, and has another $800,000 in unsecured debt.
Another investor in the tire business, Ron King of Morrison, said he has a judgment from another lawsuit he filed against Immel that should make him whole.
"I feel like we got left aside," King said of the tire project's investors. "The bankruptcy court just didn't care about us."
Meanwhile, the tire dump is still the single-largest entity near Hudson, and Magnum convinced state and local officials to give it a chance.
Blumenthal said he's OK with that — to a point.
"The state wants someone out there to succeed and get the tires out of the pile," he said. "I respect that and the rationale is sound. But if they're just sitting there, they're an environmental threat."
Should Magnum fail, what then to do with the largest heap of scrap tires in the world?
"We'd encourage the state to shut it down permanently," Blumenthal said. "Cut the losses, cap it, monitor it and move on."
i agree these guys have been at it for 2 years, paid 6.6 million for Colorado that is paid, i am sure they could of pumped this harder and got out and called it a day by now
Next week
i think its imperative that Dean cones out wth this NR Explaing the dilution and whay and a staus update on QASP.
Its needed to restore investor confidence in what QASP is doing, things have ststed and the contrary has happened so lets move forward and explain things and get this thing headed north
All the potential acqustions still doing business so once the deals close there shouls be lots of news
Colorado
is described as
"We learned of it through word of mouth. It was a coup for Magnum."
i agree
will it be profitable, i have no idea?
hardmetal welcome
The company has come along way a shell taken over many employees added along the way, Magog and now colorado
Colorado i feel will be huge, got it and paid 6.5 million dollars
recent interview by glusic suggested takeovers or acqustions evry 6 months , MEI in Jan may be the next step
Best to look at all Nr,s from day 1 alot accomplished, some nr,s have not come through but most they have, more dilution will come are way too, and so will the tv showings