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Speaking of it not being a perfect world, QASR seems to have trouble issuing PRs without having to correct them. Second one this month and this is a major ooops! They issued a correction to today's NR stating "we are advised by the company that the first sentence of the fifth paragraph should read "These first four acquisitions of these well established aviation and aerospace related businesses will add an estimated $150 million to Quasar's revenue and $33 million in EBITDA for the Company's fiscal year 2010." rather than "These first four acquisitions of these well established aviation and aerospace related businesses will add an estimated $150 million to Quasar's revenue and $15 million in EBITDA for the Company's fiscal year 2010." as originally issued. Complete corrected text follows...
Makamia
Nice to see the up trend continue today. Slow but sure is the way to go...
Makamai
Your DD is seriously lacking in several areas - I suggest you revisit the SUIP NRs which stated that the Khul Morit property was not profitable to mine and the lease was rescinded back to the former lessor. Reno didn't "own" the land he only held a lease on it and the interest in that lease was transferred to the Sun Brothers.
I still have my SUIP shares - nothing has been rescinded and the stock is still trading so you are incorrect on that issue as well. You are correct that it is basically a shell at this point, however all SEC filings have been kept up to date.
The split was not 500 to 1 - rather 40 to 1 so recheck your source again on that issue as well.
So since both Reno and the Sun Brothers (SUIP) no longer have any interest in Khul Morit property, where do you get off saying they are rich and laughing all the way to the bank or is it your habbit to talk off the top of your head?
Makamai
Mike - we are all here to learn from each other - I know I still have plenty to learn...hope that clarification helped.
Makamai
The two examples you gave are not "fully engulfing" candle patterns. A Fully engulfing pattern is one in which the body of the candle which in this case is Red, totally covers the body of the previous day's candle. If the pattern were to occur on a downtrend it would be bullish, however on an uptrend as in this case it is bearish.
Makamai
TSHO Chart: Nice pop the last couple trading days. The RSI, MACD and Full Sto have all turned positive which is bullish. Today's pop to $.20 set a new 52 week high.
Makamai
Clay - on your QASP video you didnt mention the fact that today's candle was a fully engulfing red candle Although the stock made a higher high, wouldn't that indicate a higher probability of a pull back tomorrow as a bearish indicator? If you look at the chart, each time a fully engulfing candle formed in the past few months, the stock price retreated.
Maiamai
QASP Chart - Today a fully engulfing Red candle formed which is bearish. From a technical standpoint, if you look at the chart, each time this has occurred, the stock price has dropped the following day(s). It's possible, however, with major news and volume, that the price could go up tomorrow.
Makamai
Baggers - to post a chart, You need the image url, NOT the webpage URL. Make sure you cut off http:// So it would look like the following for your chart except don't use the - after the word chart. I did that so the chart actually wouldn't be shown. If you need more help, read the FAQ below the post box.
[chart-]i26.tinypic.com/2lxbewg.png[/chart-]
QASP Chart prepared by Baggers
QASP Chart prepared by Baggers
Aloha Soapy - that's a well put together overview. Looks like the company is getting ready for a promo to celebrate the completion of their 4 acquisitions. Bring it on
Makamai
TSHO Chart: The stock appears to be following a channel moving up the 50 DMA. The Full Sto and RSI are both trending positive. The MACD is about to cross over and the Bollinger bands are beginning to tighten which are all bullish signs.
Makamai
You guys can bad mouth this stock all you want. I and the rest of the longs have done our DD and know what a gold mine this stock will be. Now that they have announced the status of Colorado, I guess they took the wind out of your sails on that issue. Next we'll be hearing some major news regarding the SRI/Magnum compounds as stated in recent NRs and this stock will be off to the races once again. Oh by the way, no one bad mouths a bad stock so keep it up - it's rather entertaining and remember, he who laughs last, laughs best.
Makamai
Nothing surprising there - no revenue for the 6 months ending June 30. Since merger has completed since then, no forward looking info contained in the filing. At least that is out of the way, now we need status on the "new" company's financial picture.
Makamai
I guess everyone is either loaded up or waiting for the next guy to make the first move...
NEWS: Magnum's Acquisition of Tire Landfill Nears Completion
Magnum/SRI Next Generation and Revolutionary Rubber Recycling Solutions
· Press Release
· Source: Magnum D'Or Resources, Inc.
· On Thursday August 20, 2009, 6:00 am EDT
FORT LAUDERDALE, Fla., Aug. 20 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR - News), a next generation rubber recycling solutions company, announces that the acquisition of one of the world's largest tire landfills, and perhaps currently the largest in the USA, is in the final stages of closing. The facility is located in Hudson, Colorado and is approximately 50 miles northeast of Denver, Colorado. The facility consists of land, buildings, equipment, and inventory in excess of 30,000,000+ tires. It resides on a parcel of approximately 120 acres of high grade commercially zoned land. The facility is one of the largest tire landfills in the world and is situated close to major infrastructure and rail. Its central location is extremely well situated to accept and supply all of Magnum's current and future facility operations.
Magnum's CEO, Joseph Glusic stated, "This is yet another major milestone accomplished by Magnum's dedication to becoming a major player in the industry. This facility and location solidifies our standing and paves the way for our US operations. I believe with the size and location, that the facility will be a central hub for our company and at the center of our strategic plans for expansion. Its central location as an international business hub makes it perfect for business access worldwide. This is just the beginning of some very exciting developments on the horizon."
About: Magnum's 98,000+ sq. ft. facility is located in Magog (Quebec). Magnum currently holds over $130 Million USD in open contracts for the production of rubber nuggets and rubber buffing. Magnum's proprietary "GREEN" technology provides a one-of-a-kind solution to all of the challenges in eliminating stockpiles of scrap tires and rubber scrap.
Some of Magog's Production
TSHO CHART: We are back to maintaining an uptrend following the 50 DMA. The Full Sto is continuing to trend up and the MACD Histogram is trending towards green.
Makamai
MDOR Chart - Today a hammer formed indicating a potential trend reversal. The last two days formed a bullish piercing line pattern which also indicates a potenital trend reveasal. Hit that with some major news and we are off to the races...
Makamai
AWESOME NEWS: From the 10Q, in regards to the Colorado purchase:
Note 2 – Pending asset acquisition
On January 31, 2009, the Company signed a letter of intent (“LOI”) with Tire Recycling, Inc. of Hudson, Colorado (“TRI”) to acquire all of its holdings and assets (“Hudson assets”). TRI owned and operated a facility consisting of buildings, equipment, and inventory in excess of 30 million used tires and is located on a parcel of 120 acres of commercially zoned land. As part of the LOI, Magnum paid the owner $150,000 for an exclusive right to purchase the assets for a period ending June 30, 2009. The $150,000 was paid with 335,000 shares of restricted common stock with an average price of $0.445.
On April 1, 2009, the Company learned that TRI was in Chapter 11 bankruptcy reorganization. This created several complications including the disallowance and voiding of previous agreements negotiated to that date. This prompted Magnum to rescind the 335,000 shares previously issued under the LOI. The Company continued to negotiate under the rules associated with Chapter 11 Bankruptcy law. Earnings per share were based on the removal of these shares from the issued based and is reflected in the weighted average calculation.
On June 4, 2009, the Company incorporated a new wholly owned subsidiary in the State of Nevada under the laws of Nevada called “Magnum Recycling USA, Inc. (“Magnum USA”) for the express purpose of transferring the Hudson assets to own and operate a recycling facility in the United States.
Also in June 2009, all TRI assets were subsequently assigned to a court appointed Trustee to administer the sale of the TRI assets. This event prompted Magnum to acquire several secured and unsecured liens of TRI in a move to solidify its standing with the Trustee and the bankruptcy court. Magnum was able to acquire all secured liens currently held against the property and its assets.
Also in June 2009, all TRI assets were subsequently assigned to a court appointed Trustee to administer the sale of the TRI assets. This event prompted Magnum to acquire several secured and unsecured liens of TRI in a move to solidify its standing with the Trustee and the bankruptcy court. Magnum was able to acquire all secured liens currently held against the property and its assets.
During this same time period Magnum negotiated a successful purchase from the Trustee of the Hudson assets for the amount of $6,500,000 in cash or like cash. The Trustee subsequently approved the offer after the statutory notice and bid period was satisfied.
On August 4, 2009 the Federal Bankruptcy Court in Colorado approved the sale and subsequently issued a motion for the sale of Hudson assets to Magnum. Final audit, transfer of the assets, and closing of all ancillary operations is scheduled for August 25th 2009.
The total acquisition commitments made as of June 30, 2009, included the Asset Purchase Agreement of $6,500,000 plus the acquired unsecured liens and accrued expenses for professional services. The asset acquisition costs incurred by the company, aggregating $7,418,283 as of June 30, 2009 are made up of the following items:
Cash -----------------$ 3,100,000
New debt ----------- $ 3,408,103
Shareholder advance --$ 200,000
Non-cash costs (stock) $ 550,000
Professional fees ------ $ 160,180
TOTAL ------------- $ 7,418,283
http://www.secinfo.com/d12TC3.s1Bgb.htm
Well so far today, we have climbed above and bounced off the 50DMA, so lets hope that remains as support while we climb back to the mid teens.
Makamai
TSHO Chart - nice reaction to Friday's late news with almost 700K volume. The Full Stocastics has turned positive and the last 4 trading days have been green.
I'm in and waiting based on the Charts to add some more.
Wishful thinking, but based on experience...
Just remember that it was only a week ago that we were in the low 01s - MMs have control and will do whatever they want in low volume conditions until volume breaks out. The chart is in a consolidation mode at the moment. Time will tell.
Makamai
There is support at .03 and resistance at .04 so I anticipate that to be the trading range for now, however if volume continues to drop off, we could see 02s again in the near future. It will take news to launch us back to 05 IMHO.
Makamai
MNDP Chart: So far this month, we have been trending downward as confirmed by the Full Sto and MACD. Need some financial news and meaningful volume to turn it around. For some reason, the company is still keeping the AirStar financials secret unless you dig them out of the Cohen research report.
Makamai
Aloha Potse - I completely agree with your summation, and especially your comment about Chinese companies inquiring about reverse mergers in the US. As I'm sure you know, SUIP management is Chinese and I have personally spoken with Tim Sun on several occasions in the past. He is adamant that he won't put a failing business into SUIP. He expects to find a business that will have substantial cash flow and become very profitable. He evaluated the mining interests in Mongolia and determined that the Khul Morit property would be too expensive to set up mining operations especially with the shaky government policies being implemented there that were anti foreign investment.
I'm sure that he is working on a plan that will either result in selling the shell, or bringing onboard a successful business - possibly his own Electrical business to make SUIP a profitable going concern. Of note - they are keeping up with filing their financial statements on time so the shell is clean.
Makamai
MDOR Chart: Stock appears to be consolidating around $.80 just under the upper Bollinger Band, with the MACD and Full Sto still showing an uptrend. News will push it higher.
Aloha Bobby - you still in QASP, made a nice run to $.05 and then some consolidation. Hanging around $.04 right now - way undervalued. I'm up about 70% and planning on buying more on the dips.
Makamai
Unfortunately you are correct. I reviewed the Aug 10 8K and found the following:
Item 1.03 Bankruptcy or Receivership.
On August 10, 2009, Mega Media Group, Inc. (“we”, “MMG” or the “Company”) and Echo Broadcasting Group (“Echo”), its wholly-owned subsidiary (collectively, the “Debtors”), filed voluntary petitions (the “Chapter 11 Cases”) for relief under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Eastern District of New York (the “Bankruptcy Court”). The Chapter 11 Cases No. are 09-46811 (MMG) and 009-46813 (Echo). The Debtors are waiting for the judge to be assigned. The Debtors will continue to operate their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.
What makes you folks think that the Q means they filed for Bankruptcy? Normally in a BB stock, if you are late filing your quarterly 10QSB, you will receive a Q on your stock symbol. I don't see any filings that indicate the company has filed for BK.
Makamai
This stock is not trading like a stock with 50mil outstanding and 15mil on the float. We shouldn't be trading in tenths of a penny - it's trading more like 200 mil outstanding. CEO should complain - MMs need to get it right. It will go up - just taking much longer than it should IMHO.
Makamai
I've had somewhat the same results with IR. Did get to chat with him once but that was about 3 weeks ago. The stock is still going sideways, however when they finally come out with some financial info, things should begin to improve IMHO.
Makamai
Surf - there are 15.6 mil on the float which is a very low float, however the stock trades like there were 200 mil on the float - what's up with that?
We're all in the same boat - everyone is on a learning curve of some sort - no one knows it all. For more info on charting, you might also want to monitor the "Charts are Coooool" board for both video and annotated charts for various stocks.
Makamai
The company has publicly announced they are buying back shares - doesn't compute if they were planning on more dilution..duhhhhhh!
Makamai
NEWS: An Audio Interview with President and CEO, Josef Obermeier, of The Mundus Group, Inc. is Still Available at SmallCapVoice.com
· Press Release
· Source: SmallCapVoice.com
· On Friday August 7, 2009, 11:13 am EDT
AUSTIN, Texas--(BUSINESS WIRE)--SmallCapVoice.com, Inc. announced today that a new audio interview featuring The Mundus Group, Inc. (Pink Sheets: MNDP - News) is still available. The interview can be heard at http://smallcapvoice.com/blog/7-30-09-audio-interview-with-mundus-group-inc-otcpk-mndp/.
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients' financial news releases.
SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit http://www.smallcapvoice.com/services.html.
About The Mundus Group, Inc.
The Mundus Group, Inc. (MNDP) is an advanced aerospace technology consortium providing patented Vertical Take Off and Landing (VTOL) technology for experimental aircraft and Unmanned Air Vehicles (UAV) since 1990 through its fully owned VTOL division, Roadable Aircraft International (RAI).
Mundus is at the cutting edge of jet turbine-ducted fan technology and fuses state of the art design engineering and a prototyping facility with computer assisted auto flight technologies, Remote Controlled (RC) and composite technologies industry segments.
From US Navy co-developed UAVs for aerial observation and environmental testing to advanced VTOL aerospace technology for civilian and military uses, Mundus Group, Inc. is developing revolutionary products with global potential for change that offers economic protection and growth opportunities for investors.
This news announcement may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied, and are subject to those risks discussed in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2008, as amended, and other reports and amendments thereto filed with Securities and Exchange Commission which are available for review at www.sec.gov.
Next level of resistance is $.035 - will we break it by the close??
Makamai