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Yep - brakes of course - If you were to look back at the rise in price from the .30's to the .50's you'd see that the stock moved on very little volume with jumps of .05 on average on the ask. Now there are only .01 cent moves with frequent lowering of the ask - considering the assets the company has recently aquired - go figure...
Makamai
Aloha W6W..I watch the show "Our Planet" on the Discovery Channel quite frequently. It's very well presented and narrated. It will be interesting to see how much mention, if any, there is of MDOR and the fact that it is a public company; as that's not the way they focus their normal presentations.
Makamai
What I'd like to know, is why the MMs are keeping the breaks on this stock considering the trading levels of late. At the moment the ask is .50, with the next ask at .51 at 2500. Considering the small float we have and past performance, and the substance of the NRs that have been coming out, we should be at higher levels. Something doesn't smell right here...
Makamai
Aloha Princess - welcome to Ihub's MDOR board. Don't mind Richie - he's well intentioned, but enjoy's playing the roll of being the devils advocate to maintain a sort of balance on this board for those of us that might otherwise tend to get carried away with irrational exhuberance. This stock is a no brainer at this point in its business plan. And this is only the beginning. Wait until next year when they start manufacturing fine powders to use in the Thermoplastics field. That will be the killer! That market is HUGE!!
Makamai
Aloha Surfguy - I agree with you 1000% and I also personally appreciate and applaud Chad Curtis and Joseph Glusic's accomplishments to date with respect to development of MDOR. And that includes bringing in Lebed who I also am sure will do wonders in increasing MDOR's investor base. Anyone who researches this stock at all will see that this company has merit and is just in its infancy at the moment. This is not a pump and dump kind of stock. The best is yet to come.
I have also reviewed Lebed's history of late and came to the same conclusion that you did looking at his 2007 and 2008 picks. Hey he learned his lesson at 15 and has turned out to be a very respectable guy.
The only way this stock will get to a decent trading level is with new investors. The current price is a joke! All us oldsters are tapped out and we don't have enough aunties, uncles, cousins and friends to do the job. It takes a company whose business it is to push the stock. As I understand it, there will be additional media interviews and other forms of promotion as well. Sure, some will buy and sell into run up's - that's the name of the game. But most will buy and hold the majority of their shares as they come to understand the future potential this stock has. We are ready already - plant is being assembled and revenue is about to commence. I say let the promos begin!
I for one am also totally thankfull to management for their transparency to date, which is hard to maintain when trying to set up a business, and to the progress they have made so far. Things have been well planned out and this is simply one more step in the process of creating a future world leader in the tire recycling business.
Enjoy the ride folks - and consider how fortunate you are to have this unusual opportunity!
Makamai
After signing up for Lebed's reports, I received 3 e-mails today. The first one really got my attention showing piles of tires and tire fires. The second one has pictures of the equipment arriving inside the MDOR Magog facility. Excellent emphasis on "green technology". I think the timing is good for a PR blitz - been waiting a long time (over 4 years) for this stock to begin to reach it's potential, first as MAGR and now as MDOR, and that won't happen without new investors discovering it. Next week ought to be very interesting to say the least. It's nice to finally be sitting on the edge of my seat with something to look forward to!
Makamai
Fsmith - check out their website at www.lebed.biz They have an impressive list of winners this year IMHO. Time will tell how effective they are.
Makamai
Richie - glad to see that management has finally got a budget for a PR campaign. Hopefully the MMs will have a change of heart and release the brakes on the stock price.
Makamai
Aloha Richie,
From the 10QSB, "The Company has executed an agreement on August 1, 2008 to lease approximately 98,500 square feet of a commercial building in Magog, Canada that will be the site of its first recycling plant (see Note 2). The term of this lease is five years, with annual rent equal to $2.25 USD per square foot (approximately $221,700, or $18,475 per month) for the first year, with annual base rent escalations of $1.00 per square foot, resulting in annual rent in the fifth year of $6.25 per square foot (approximately $615,800, or $51,320 per month). The Company is also responsible for real estate taxes, utilities and other general maintenance of the premises."
A rather good deal for that much space if you ask me, and as I understand it - some government assistance is involved.
Makamai
Makamai
Here is a rough translation I was able to make.
Here is Michel Boux the brains and rubber specialist of MDOR.OB
The Tribune MAGOG
Some expensive and heavy equipment for production came to the old plant of GDX on the street René-Pateneaude to Magog this week. Within a maximum of three months, Magnum Recycling Canada will begin to transform old tires. The great patron of the future plant, Michel Boux, says that the two machines received yesterday are "very important “. They will serve to shred the tires. They cut them into small pieces which will be used as mulch in gardens as well as to absorb the shocks under children's games.
As mulch, these small chips are really very interesting. Because they are made of rubber, they are very durable. In addition, they don’t absorb water, or moisture and cannot be discolored. They can be offered in a wide choice of couleurs", explains Mr. Boux.
The president of Magnum Recycling Canada is awaiting the delivery of three lorries full of tires. For its first year of activity, its plant will normally need a total of 20 000 tons of tires
Already, people interested in working among Magnum have channelled their résumé to Michel Boux. The latter stresses that it will not only need operators of machines, but technicians and engineers as well.
As regards operators, they should receive a salary of $12,50 Time to their entry into position. The management does not hide it would rehire several elders of GDX, a company which was operating in the rubber sector. The hiring process will be launched a month before.
Michel Boux indicates that production will commence with a limited number of people and that, at the end of the first year of production, a about 40 workers will normally to employment of Magnum Magog. "And, after the year two, we will be to about 80 or 100 employees."
According to the information disclosed by Mr. Boux, Magnum will attract some companies to Magog partners, such firm Artech. The arrival of additional those companies would create additional jobs.
The plans of the direction of Magnum are to retain old plant of GDX in the long term. The leaders of the company intend within about two years, to build a second plant at a cost of $35 million.
"We want to launch the most modern recycling rubber plant in the world, states Michel Boux.
Mahalo 1heavyhitter - it's good to get to know the face behind all the real action. It's also nice to see that Magog is alive with interest and enthusiasm in welcoming Magnum to their community. Now lets let the shredders shred and the conveyor belts roll and start cranking out some nuggets and in some revenue...
Makamai
Thanks Richie - that's a lot more than I otherwise would have made out of it. It's good that they are getting favorable press in the local area - It's always nice to be welcomed into a community.
Makamai
Did Michel Boux have anything interesting to say? I'm at a slight disadvantage since I don't speak or read French.
Makamai
Welcome 1heavyhitter - I'm reposting from a previous post I made regarding the importance of Michel Boux FYI.
Lets not forget the importance of Michel Boux, Sr. Director of Operations, who was previously Process engineer and international business development for Sherbrooke Stone & Ceramics, located in (Québec) Canada. http://www.trade-database.com/companies-catalog/Building-Construction/Other/1093/sherbrooke-stone-ceramics/
However the Sherbrooke plant closed, and that was how MDOR was able to get him to come onboard. He sounds like a really sharp guy with lots of knowledge who is responsible for MDOR's ability to getting the plants up and running quickly.
He also is the key to MDOR's ability to launch into the Thermoplastics arena. Prior to shutting down, the Sherbrooke plant was starting to produce "new fine rubber powders from scrap tires and technical rubber". So he will simply help MDOR take off from where his former company was previously headed.
From his Bio, as an Independent Consultant Engineer, he has conducted feasibility studies for new tire recycling plant start-ups and has studied and provided analysis on the tire recycling technology and equipment as it relates to the worldwide markets. He has performed studies on raw material availability and the needed environmental permits involving shreds, tires, and other technical rubber compounds like EPDM. He has experience working with regional government agencies (the Canadian link) and has provided risk analysis and recommendations for other clients. He also has experience in the writing of reports/ratios to obtain all available governmental subsidies and R&D income tax credits.
IMHO, Michel Boux is the mastermind behind making MDOR become a leader in not only tire recycling process, but applications for the products it generates.
Lets not take things out of context, Chad Curtis acquired 10,000,000 shares of voting Preferred Stock You know that (1) after the number "Chad Curtis 200,000,000 (1) 97.19%" is there for a reason, which you didn't bother to include as follows:
(1) Represents the voting beneficial ownership of 200,000,000 shares of Common Stock of the Company created by the voting power of its 10,000,000 shares of Preferred Stock of the Company. Each share of Preferred Stock entitles the holder to the equivalent of 20 voting shares of Common Stock.
Chad Curtis is no longer CEO of the company, Joe Glusic is. Also, with judges on the BOD, and a former governor, whose reputations are at stake, they are going to play it extra conservative.
Makamai
I bought a whole whopping 500 shares at 12:54 (6:54 locally) to round out my share account and within minutes there were 4 other trades. Sorry folks, I'll try and get up a little sooner the next time an NR comes out to get things rolling earlier (lol)
Makamai
From information I've obtained in the past, the Magog,Quebec site was in the works well over one year ago with Spreelast, but was terminated by the latter most likely because Spreelast wished to focus in Europe.
Lets not forget the importance of Michel Boux, Sr. Director of Operations, who was previously Process engineer and international business development for Sherbrooke Stone & Ceramics, located in (Québec) Canada. http://www.trade-database.com/companies-catalog/Building-Construction/Other/1093/sherbrooke-stone-ceramics/
However the Sherbrooke plant closed, and that was how MDOR was able to get him to come onboard. He sounds like a really sharp guy with lots of knowledge who is responsible for MDOR's ability to getting the plants up and running quickly.
He also is the key to MDOR's ability to launch into the Thermoplastics arena. Prior to shutting down, the Sherbrooke plant was starting to produce "new fine rubber powders from scrap tires and technical rubber". So he will simply help MDOR take off from where his former company was previously headed.
From his Bio, as an Independent Consultant Engineer, he has conducted feasibility studies for new tire recycling plant start-ups and has studied and provided analysis on the tire recycling technology and equipment as it relates to the worldwide markets. He has performed studies on raw material availability and the needed environmental permits involving shreds, tires, and other technical rubber compounds like EPDM. He has experience working with regional government agencies (the Canadian link) and has provided risk analysis and recommendations for other clients. He also has experience in the writing of reports/ratios to obtain all available governmental subsidies and R&D income tax credits.
IMHO, Michel Boux is the mastermind behind making MDOR become a leader in not only tire recycling process, but applications for the products it generates.
Makamai
Dshmd50 - Exactamundo!
Makamai
Fsmith, the company's share structure hasn't changed except for payments of shares to indivuduals for services renderd vice cash. These shares are restricted & Rule 144. The company has raised money through private placement with warrants subject again to rule 144. No - the company is not sellinlg shares on the open market.
Authorized Common: 200,000,000
Common Free Trading: 7,321,543
Common Restricted & Rule 144 stock: 11,352,594
Preferred (Control Block) 10,000,000
Active Total: 28,674,137
Makamai
Fsmith - well, the last insider who registered to buy or sell any MDOR stock was on 7 September 2006 - Sun Shaojun - To Buy 334,820 @ 0.13 to 0.15 for $46,223. So it's not the company selling shares.
Makamai
Aloha W6W - If MDOR wants to get off the BB and onto the Nasdaq, the following rules apply:
Major stock exchanges like the Nasdaq are exclusive clubs - their reputations rest on the companies they trade. As such, the Nasdaq won't allow just any company to be traded on their exchanges. They only want the cream of the crop - companies with a solid history and top-notch management behind them.
The Nasdaq has three sets of listing requirements. The company must meet at least one of the three requirement sets, as well as the main rules for all companies.
Listing Requirements for All Companies Rule 4420
Each company must have a minimum of 1.1 million publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company. The minimum bid price of the stock upon listing must be at least $5. Each listing firm is also required to follow Nasdaq Corporate Governance rules 4350, 4351 and 4360. Companies must also have at least 400 shareholders. A shareholder is defined by Nasdaq as a holder of over 100 shares.
Requirement Rule 4420 (a)
The company must have a minimum shareholder equity of $15 million. The operating income from either the last fiscal year, or two of the last three years, must total a minimum of $1 million. The company must have a minimum of three market makers that will provide liquidity to the trading of their stock. The market value of the publicly-held shares upon trading must be worth at least $8 million.
Requirement Rule 4420 (b)
The company must have a minimum shareholder equity of $30 million. The market value of the shares traded must be at least $18 million upon listing. The company also has to have a minimum operating history of two years. It is also required to have three market makers. What can be seen here is that if a company did not earn enough to meet the operating income minimum, they need to have greater shareholder equity and a larger market value.
Requirement Rule 4420 (c)
Under this requirement companies must have at least $75 million in total assets, total revenue, or listed securities. Listed securities as defined by the Nasdaq are securities listed on either a Nasdaq or another national exchange. The market value of the shares upon listing must be worth at least $20 million. They are also required to add an additional market maker for a total of four market makers.
A company has three ways to get listed on the Nasdaq depending on the underlying fundamentals of the company. If a company does not meet certain criteria such as the operating income minimum, it has to make it up with larger minimum amounts in another area like revenue. This helps to improve the quality of companies listed on the exchange.
It doesn't end there: after a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization, is one of the major factors triggering a delisting. Again, the exact details of delisting depend on the exchange.
Art2Gecko - looks like about 11 containers. Do you know if these are the first of the shipments as it would seem that they are a little behind schedule if so.
Makamai
China is the world’s largest tire producing nation with 205 million tires manufactured in 2006, according to Tire Business magazine. It's interesting to note, that in addition to North America, the only other country that MDOR supposedly has an exclusive with is China.
One of our BOD, Judge Chan, since 1978 was senior advisor to China's Governmental Ministries and Agencies. During that time he was engaged in developing international trade, infrastructure development projects, real estate development projects, direct foreign investments, and resolving international trade, investment & securities disputes. I wonder if he has been making inroads for MDOR possibly to JV with a China firm? Seems like a hugh market there!
Makamai
Did anyone listen to or participate in SmallCapRapp interview/interactive with Glusic today? (Joseph J. Glusic, CEO, Magnum d'Or Resources, Inc. (OTCBB:MDOR) July 30, at 1:30 ET) Anything of interest come out of it? www.smallcaprapp.com
Makamai
Joe Glusic to be interviewed on Smallcap Rapp(TM) Show Schedule for Week Ending 08/01/08
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--
247MGI, Inc. (Pink Sheets:TOFS) ("247MGI") weekly internet radio show Smallcap Rapp(TM) will interview the following companies this week. Smallcap Rapp(TM) (www.smallcaprapp.com) is a LIVE interactive radio show that allows investors to ask questions live to the company. The questions can be asked by calling in to the show or using our chat room to post your question for the company to answer.
This week's lineup is:
Frank Connor, CEO, American Uranium Mining, Inc. (Pink Sheets:AUMN) July 30, at 1:00 ET
Joseph J. Glusic, CEO, Magnum d'Or Resources, Inc. (OTCBB:MDOR) July 30, at 1:30 ET
John Heaven, CEO, Yangaroo Inc. (OTCBB:YOOIF) July 30, at 2:00 ET
Jeffrey Eisenberg, CEO, Future Now Group, Inc. (OTCBB:FUTR) August 1, at 1:00 ET
Richard Reincke, CEO, GWS Technologies, Inc. (OTCBB:GWSI) August 1, at 1:30 ET
Thomas Banks, CEO, Aperture Health, Inc. (OTCBB:APRE) August 1, at 2:00 ET
Military Calling Cards
247MGI has placed a Paypal link on its website to raise money to send calling cards to our troops. Please donate whatever you can so our men and women of the military can do what we do everyday, call home!
Aloha RichieBoy - As I've mentioned before, I believe that the Thermoplastics arena is where MDOR will really excell in the future. Check out the following on TPE's including an ariel picture of the Magog facility and future expansion for it.
Continuing Research and Development
Since TPE compounds vary in properties and characteristics; manufactured rubber powder mixed with TPEs produce a compound that mimic other non-recyclable compounds. In order to ensure that the produced compounds meet the exact specifications of the TPE product that is being replaced, a precise recipe for the formulation of the compound must be created. Thus, MDOR will continue developing new compounds, file new patents, and produce products for the rubber powder it manufactures. At this time applications outnumber the amount of available raw material to produce them, thus creating a considerable supply gap for the powder
Patents
MDOR has been granted, for the life of the patents, the exclusive license by Professor Dr. Ing. Gunter Mennig, Dr. Michael, and Dr. Scholz (lecturers at The University of Chemnitz), for the family of patents which define the method by which rubber powder can be bonded with thermoplastic materials to create an elastomer that is subsequently used to create TPE like products. The company also has lifetime use of the patent relating to the re-composition of rubber powder. It will also receive future license rights for processing rubber into a powder with a particulate size less than 50 microns, as well as, a new liquefaction process now under development.
These patented processes will allow MDOR to produce high quality materials in industrial quantities, unlike any other competitor or supplier worldwide.
THERMOPLASTIC ELASTOMERS
What is a TPE?
Whether fact or folklore, the genesis of the family of materials known as thermoplastic elastomers (TPEs) is said to be a multi-disciplinary research effort, now three decades old, aimed at making a tire that could be molded more like a plastic. It didn't work.
But, what did result from that R & D effort was a new class of materials that are a mixture of rubber and plastic-TPEs. An outline of the TPE process follows:
http://www.rma.org/elastomer_products_group/thermoplastic_elastomers/RMA%20primer(2).pdf
The following is an Ariel picture of the Magog facility. Note the area outlined as the future
“MDOR TPE Plant” and the “Rubber and Plastics Research and Training Facility” location.
http://www.spreelastglobal.com/Mrgs.html
So IHMO, MDOR’s vision is far beyond garden beds and playfields. Someday, this will be a company to be reckoned with.
Makamai
Stocktrader - I think we'll be saying that about every month from hear on out for awhile. For many of us this has been a long and difficult road to travel from the days of MAGR, and a totally new industry from mining that initially caught our attention.
I feel the company is serious about positioning itself to be a global leader in the recycling and thermoplastics industry and has the potential to pay off way above our wildest expetations. Nothing like being onboard at the right time to see us giving birth to this baby - which could turn into a Fortune 1000 company someday, IMHO of course - think it's possible?
Makamai
Aloha Stocktrader... WOW - too bad it wasn't narrated, however it probably would have been in German anyway. That's quite a process. Lends a lot of credability to the estimated value of $19mil and to the production rate. Like you said, looks like it could grind up almost anything - stay clear!
Makamai
Aloha Art2Gecko. The answer is Yes to freezing. The following expalins:
During the mechanical recovery process that the MDOR plant utilizes, the scrap tire is disintegrated through a number of "cryogenic processes" into the most basic rubber, steel and textile components. Vulcanized rubber represents the main component of the scrap tire, and is processed into rubber granules and industry leading pure microscopic rubber powders. The physical and chemical properties of the resulting powders can be employed as not only substitutes for much more expensive primary raw materials but also as a starting material for high-value products and innovative processing methods
In physics or engineering, "cryogenics" is the study of the production of very low temperatures (below –150 °C, –238 °F or 123 K) and the behavior of materials at those temperatures.
Cryogens, like liquid nitrogen, are further used for specialty chilling and freezing applications. Some chemical reactions, like those used to produce the active ingredients for the popular statin drugs, must occur at low temperatures of approximately -100 °C. Special cryogenic chemical reactors are used to remove reaction heat and provide a low temperature environment. The freezing of foods and biotechnology products, like vaccines, requires nitrogen in blast freezing or immersion freezing systems. Certain soft or elastic materials become hard and brittle at very low temperatures, which makes cryogenic milling (grinding) an option for some materials that cannot easily be milled at higher temperatures.
Hope that helps,
Makamai
Good - should be an interesting clip, hope they can fix it soon.
Makamai
If you go to MDOR's website http://www.magnumresources.net/
and look under "Products", there are 3 Power Point presentations that I hadn't noticed before by Michel Boux. They are on Rubber Nuggets, Rubber Buffings and Thermoplastic Elastomers. Found them rather informative. Also, if you look under "Process", there is a video clip that is supposed to show the Magog plant being shipped, but I can't get the link to work. http://www.artech-recyclingtechnik.de/video.zip
Anyone have any success unzipping it?
Makamai
Aloha Stocktrader - It's not Yahoo, its the generic classification of the company which is probably at the SEC level when the company was originally formed. It's consistent no matter what website you go to. I would think management would recognize the importance of being correctly classified and take more agressive action to fix the problem, than to blame it on Yahoo??
Makamai
Art2Gecko/Rebelgirl - Next time one of you chat w/management, you might point out that MDOR's Industry Classification is still in the Metals and Mining sector which is no longer the case. For those folks that like to keep tabs on anything "green", they won't be directed to the company. I've tried calling, but 6 hour time difference makes it hard to get anyone.
Mahalo,
Makamai
Industry Classifications
Sector:
Basic Materials
CIK: 0001099963
Industry: Metals & Mining
NAICS: All Other Metal Ore Mining (212299)
QM ID: Industrial Metals & Minerals (133)
SIC: Miscellaneous Metal Ores, Not Elsewhere Classified (1099)
Thanks Stocktrader - well, I've heard of Theme Parks, Water Parks, Ball Parks, Beach Parks and now Recycling Parks. Sorta has a nice ring to it don't you think (lol)
Makamai
I had wondered why MDOR was so quick to obtain exclusive territory in China as well as North America. Well it seems that China is the world’s largest tire producing nation, with 205 million tires manufactured in 2006, according to Tire Business magazine. It also just happens that one of our BOD's, Judge Chan, since 1978 was senior advisor to China's Governmental Ministries and Agencies. During that time he was engaged in developing international trade, infrastructure development projects, real estate development projects, direct foreign investments, and resolving international trade, investment & securities disputes. So I wonder if anyone knows whether he is doing anything presently to help get the company set up in China?
Makamai
She most definitely is - and I believe you can watch her for free about 3 days after the interview comes out if you don't want to opt for the premium service.
Right on Stocktrader - Here is Wallstreet.net's 3 minute press show by Tracee Tolentino dtd 7/17/08. It is with CEO Glusic this time. Looks like you got to sign up for their premium service to get it. (there's always a catch)
http://tv.wallst.net/3-minute-press/167/738/MDOR/joseph-glusic/magnum-dor-resources-inc/
Makamai
Guess everyone who has been purchasing lately has filled thier tanks and are sitting on the sidelines today...lets see, 150 shares at .55 - the last of the big spenders (lol)
Makamai
Yes - Most likely new investors just establishing a position and who know how undervalued this stock is. The charts look similar to the run in Feb to $.82 - 52 week high.
Art - a lot of buying on the ask - that speaks volumes.
Makamai