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fsmith - Nothing surprising to me in that report - revenues were up, although since the company is still fine tuning its processes and installing more equipment, they aren't anything to brag about yet. Increase in assets and this is for the quarter ending March 31. This quarter with Colorado aquisition, assets should increase considerably. Remember the company is still in its infancy and will soon be growing by leaps and bounds. Interesting to see what sort of reaction the market will have to the 10Q, if any.
Makamai
MDOR Chart - consolidation continues - a spinning top was formed today. The stock price is approaching the 50 day MA support level.
Makamai
Aloha Myself °¿° - been following this forum for awhile and enjoy the market info presented here. I've just started following Rebel Traders, and in Chuck's market wrap for yesterday, he makes a good technical chart based case that we are in a bull run in bear market and it's almost over. Also that in his technical analysis of the VIX, there is going to be a major move to the upside off the descending wedge, which could start soon. It's an interesting analysis and worth watching.
http://www.screencast.com/t/eFOHugl0Q
Makamai
MDOR Chart - Today a doji was formed as consolidation continues while waiting for substantive news.
Aloha Clay - received the CD - Wow - you did an awesome job, presenting it in "plain english" so it's easy to understand. Now just trying to teach this ole dog some new tricks is the challenge (lol). If you have time, would you mind annotating a chart for MDOR. It's had a couple recent runs and is presently consolidating - see below. Also, if you wouldn't mind PMing your e-mail address to me, I'll respond giving you mine for your e-mail group.
Mahalo - Makamai
Well fsmith, some folks just can't see the forest through the trees and it looks like you are one of them - missing my point completely.
Makamai
fsmith - if you can put the Chad thing behind you and simply look at the company, and what's going on with it and its future potential with patents and all, this is going to be a double digit stock in time and it will be on a bigger and better exchange. And yes, Chad has a lot of contacts and has shown that he knows how to promote a stock. That's all the better for the investors whether you are in for the short term or long term.
Makamai
MDOR Chart - The last two candlesticks formed a Bearish Harami Pattern . This is a bearish reversal pattern that marks a potential change in trend. We need news of substance to begin a serious positive move.
Aloha DSH - Great post and I agree with it totally. Revenue for this quarter will be greater than last quarter, however lower than initially anticipated due to delays in obtaining the needed machinery at Magog. However, now that Colorado facility is also producing, next quarter should show significant increase in revenue.
Makamai
fsmith - how many penny stocks do you own where the investors are crying for any news at all?? Magnum has maintained a very vigorous NR campaign, truly living up to their pledge to be as transparent as possible. I don't disagree with you that it will take news of more substance to really move this stock, but also where the technicals are concerned, we are in a consolidation mode at the present time establishing a new base from which to launch the next move to the upside. That's an important part of the process IMHO.
Makamai
MDOR Chart - Today opened with the prices going slightly lower, however it was followed by a rally that drove the prices over the opening price ending with a closing price equal to the high of the day. This formed a bullish White Closing Marubozu.
Sometimes it's even more than 100 shares (lol).
Better late than never and I bet we close above .80 today.
Makamai
MDOR Chart - Still consolidating and looking for direction. Had increased volume today and we closed at the relative support level of .80. Today a spinning top was formed.
MDOR Chart - The last two candlesticks formed a Bullish Harami Cross Pattern . This is a bullish reversal pattern that marks a potential change in trend, however it's not all that reliable.
Makamai
DSH - I noticed he hasn't sold a share yet - He must firmly believe in the company's future and that the stock is highly under valued at the present time.
Makamai
fsmith - Pullback on decreasing volume is a healthy sign - means there isn't any dumping going on. I would expect the consolidation to continue for a week or two, until there is some news of significance. I've sold a few shares, but still holding the majority of them. I'll sell a few into each run until I have my initial investment back, and then let the free shares ride.
Makamai
MDOR Chart - continued consolidation on decreasing volume.
MDOR Chart - Slightly more volume today than yesterday. The past 4 days the stock has consolidated around .90. Need news of substance to advance to a higher level.
WillyWizard of WillyWizard.com did an e-mail presentation this evening featuring a company overview of MMDA (Mega Media Group, Inc.)
Makamai
MDOR Chart - The stock gapped up on the opening to $1.03, with a high of $1.05, however it closed at yesterday's closing price of $.93 due to mid day profit taking.
Thanks - I'll look for Sonya's reply.
Makamai
I purchased CT's Robotic Trading CD 3 weeks ago, who do I contact regarding status?
Makamai
OT - Clay, it's been 3 weeks & still waiting..
Makamai
MDOR Chart - Consolidation is still occuring, with good volume. The last two candlesticks has formed a Bullish Harami Pattern . This is a bullish reversal pattern that marks a potential change in trend, however it needs more confirmation.
Right on the money Automan - we have bounced off resistance and are climbing back up again. The candle will be green for today.
Makamai
MDOR Chart - The stock is still being heavily traded with over 600K volume again today. Consolidation is still continuing.
Makamai
MDOR - Chart Continuing consolidation with continued higher than usual volume. Looking similar to the previous consolidation before the last run.
Makamai
I presented the background information as I understood di4's request to present them.
Makamai
Magnum Secures $15 Million Expansion Funding Through SIMCO GROUP Wednesday, March 18, 2009
http://www.magnumresources.net/view-news.php?id=177 Full news release – See summary below:
FORT LAUDERDALE, Fla., March 18 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR - News; Magnum) announces $15,000,000 USD source funding for previously announced capital expansion and acquisition projects in 2009.
The terms of the financing include a cash disbursement to Magnum of $15,000,000 USD. In return, Magnum will issue an eight (8) year convertible promissory note that requires no payments for the initial four (4) years. Interest will accrue at an equivalent rate of 12.5% per annum non-compounded to yield a total overall return on the investment instrument of 50%. In the fourth through eighth years of the note the interest rate will be reduced to a 5% per annum yield. After the fourth year but before maturity the holder may elect to convert the note to common stock based upon a trailing 20 trading day closing stock price.
According to Glusic, "The $15,000,000 funding will be used to immediately expand the Magog facility and increase capacity. Additional custom equipment will follow shortly to support the recent Magnum/SRI advancements in compound development so that Magog will soon be capable of manufacturing specialty compounds and sufficient batch production for delivery to manufacturers
Magnum/SRI Releases Positive Results of Custom Compound Retread Tests Monday, March 30, 2009
http://www.magnumresources.net/view-news.php?id=182
FORT LAUDERDALE, Fla., March 30 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR - News; Magnum) releases positive test results and production trials for Magnum/SRI Next Generation Custom Compounds. To see a sample of these successful trials visit http://magnumresources.net/view-investors.php?id=180
Gopi Sekhar, CEO of SRI stated, "The Magnum/SRI Custom Compound featured will be a revolutionary global recycling solution once fully developed, setting a new standard for performance and viability."
Summarized Overview of Preliminary Demonstration
The starting point will be the standard production output from the Magog crumb rubber production line, once operational. While the "Surface Activation Process" is effective with material ranging from 40 mesh all the way to Cryogenic crumb in the 120 to 200 mesh range. The test trials will utilize generic 40 mesh "whole truck tire" dust.
Once activated, the highly reactive material is subjected to either a modified reclamation process or any devulcanization process technologies currently available. Proprietary processing aids would then be added to the mix and the resultant reactivated compound is then blended with a modified version of the virgin compound used by manufacturers.
What you have at this point is a custom compound that has been tailored to whatever product category is intended (in this case heavy truck retread compound). This material, which is now a hybrid raw material, can be added directly into the process line with no material modification, additional process handling, or any additional cost factors. Most importantly the material will have no appreciable loss in properties. This has never been effectively done before in a cost effective and viable manner. There have been material approximations, mostly in the form of fillers or processing aids masquerading as raw materials, but none of which are remotely comparable.
This in itself is a significant factor. Normally, the Magnum/SRI Custom Compound would be added during the final stage of normal manufacturer production mixing cycle in their Banburys or intermixs.
The manufacturer would be able to substitute virgin compound with our recycled compound ranging in proportions of 5% to up to 30%, subject to the application and the properties required, without ANY appreciable loss in properties. This allows the manufacturer to be environmentally responsible while enhancing their viability.
Magnum/SRI are currently using their advanced technologies to produce next generation rubber recycling solutions for custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders for the global market
Magnum signs a Letter-of-Intent with Tire Recycling, Inc. of Hudson, Colorado to acquire all of its holdings and assets. Friday April 24, 2009
http://www.magnumresources.net/view-news.php?id=193 Full news release – See summary below:
Tire Recycling owns and operates a facility approximately 50 miles northeast of Denver, Colorado. The facility consists of buildings, equipment, and inventory in excess of 30,000,000+ tires and is located on a parcel of approximately 120 acres of high grade commercially zoned land. The facility is situated close to major infrastructure and rail. Its central location is extremely well situated to accept and supply all of Magnums current and future facility operations.
MDOR - Cohen Independent Research Group Initiates Coverage on Magnum with a $2.67 Buy Rating and Releases Positive Research Report – Sunday, 26 April 2009.
http://www.magnumresources.net/view-news.php?id=194 Full news release – See summary below:
Sunday April 26, 2009 Cohen Independent Research Group (CIRG), Wall Street's leading independent research firm, has initiated unsolicited non-compensated coverage on Magnum D'Or Resources, Inc. with a "BUY" recommendation and a $2.67 per share Target Price. CIRG provides an in-depth analysis, including 5-year financial and valuation projections, on Magnum's business and its significant growth drivers. To view the Full Research Report and "Buy" recommendation on MDOR
FULL REPORT AVAILABLE AT:[/B]
http://www.grass-roots-distribution.com/mdor-report.pdf
MORE BACKGROUND ON MDOR
Last year, approximately one billion tires were disposed of worldwide. Statistics compiled by U.S. Environmental Protection Agency (EPA) indicate around 300 million scrap tires are being generated annually in the USA alone. This also includes our one of a kind close loop recycling technology using our proprietary knowhow for recycling scrap rubber to produce a variety of end products while reducing greenhouse gases. MDOR's mission and goal is to convert these harmful materials into salable Green industry goods.
Magnum’s proprietary technology and know-how developments will Revolutionize the Global Rubber Processing & Next Generation Compounding Market Worldwide. Magnum owns the exclusive rights to North America and future Global Rights to an array of next generation of cost saving custom compounds, patents, process technology, and trade secrets of Sekhar Research Innovations that will allow for rubber to be reconstituted, liquefied, specially blended into EPDM powders, and EPDM compounds. Magnum has access to state of the art processing aids and new world proprietary rubber recycling equipment. Check out the following video presented by Gopi Sekhar of SRI documenting Magnum/SRI next generation custom compound positive trials http://srielastomers.com/2009/03/magnums-sri-custom-compounds
Today, Magnum is embarking on an aggressive campaign with the force of its global partner, Sekhar Research Innovations Sdn Bhd, to bring these process technologies to market in the U.S., Canada, and Worldwide. Magog is well known as a rubber and plastics epicentre that sits in the Estrie region and in the MRC Memphremagog. It benefits from an exceptional geographic location since it is situated on the Canadian-American border The location provides quick access to several markets, such as Quebec, Canada and the United States. The Interstate 91 leads directly into the states of Vermont and New Hampshire and is close to the states of Maine, Massachusetts and New York. Photos of the Magog facility can be found here:
http://magnumresources.net/view-investors.php?id=122
http://i372.photobucket.com/albums/oo167/magnumrecyclage/HPIM14961.jpg
http://i372.photobucket.com/albums/oo167/magnumrecyclage/tiresclosertobuffers.jpg
http://i372.photobucket.com/albums/oo167/magnumrecyclage/100_5031.jpg
MDOR's business strategy is to establish waste management facilities; design, manufacture, and sell products made with recycled materials; and institute viable solutions to the problem of recycling waste rubber.
MDOR will use its licensed patented processes to recycle scrap tires, remove fibers and metal wire, and produce crumb rubber sorted into different mesh sizes for use in various rubber products. MDOR will also, through its patented processes, produce ultra fine rubber nuggets for the production of Elastomeric Alloys (EAs). These key alloys are the essential building blocks for final end user products that meet established “Green” standards.
Rubber Crumb (sellable product serves as raw material to many industries) Finer synthetic and natural rubber (obviously after treatments) which can be used in tiles and tile adhesives, mixing with asphalt, sports surfaces, carpet underlay, noise and vibration insulation, playgrounds and matting. Rubber crumb is also used in new tires, devulcanisation for low-tech pressed or extruded rubber products, commercial flooring, traffic control products and plenty more.
To View Magnum’s website visit http://www.magnumresources.net/ Look under the “Investors” tab for videos and pictures of the plant and processes.
To view SRI visit http://www.srielastomers.com/ Check out the websites videos.
BACKGROUND: MAGNUM D’OR RESOURCES, INC (MDOR)
Magnum D’Or Resources
1326 SE 17th St. Suite 5613
Ft. Lauderdale, Fl 33316
PH: (305) 420-6563
FAX: (305) 395-4858
mdor@magnumresources.net
http://www.magnumresources.net
Share Structure: (12/31/2008)Authroized: 200,000,000
Preferred: (voting only, non-convertible): 10,000,000
Common Outstanding: 45,671,637
Common Float: 16,117,137
Transfer Agent:
Holladay Stock Transfer, Inc.
2939 N 67th Pl Ste C
Scottsdale, AZ 85251
(480) 481-3940
MDOR - BREAKOUT IN PROGRESS: MDOR Chart BELOW - This has been an awesome month as the price has risen from the mid $.30s to a high of $1.79 closing Friday May 1st at $1.21. Today's green candlestick indicates that a bullish reversal pattern is forming. The stock has dropped below the upper Bollinger band, consolidating much in the same way as the previous consolidation. Volume remains high. Meaningful news should push the price higher next week. Cohen Independent Research Group initiated an independent “BUY” rating with a $2.67 price target on April 26, 2009. So there is a lot of room for growth in the near future. I’ll provide background on MDOR in follow up posts.
MDOR Chart - This has been an awesome month as the price has risen from the mid $.30s to a high of $1.79 closing today at $1.21. Today's green candlestick indicates that a bullish reversal pattern is forming. The stock has dropped below the upper Bollinger band, consolidating much in the same way as the previous consolidation. Volume remains high. Meaningful news should push the price higher next week.
Aloha di4 - I looked at your board and will put something together, but I most likely won't be able to get it to you until tomorrow. There is a lot of news out there on MDOR and I'll try and cut to the chase and provide you what's important. Thanks for the request.
Makamai
Aloha di4 & welcome to IHub's MDOR forum..
Makamai
PTCGOLF - Welcome to the MDOR forum. This is an exciting stock with awesome potential that is just starting to be realized. Thanks for your post.
Makamai