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Aloha Mickey - Welcome Aboard - Nice to see you on IHub
Makamai
Art2Gecko - Awesome stuff. Great dd. Thanks.
Makamai
ArT2Gecko - are you saying these are management's estimates? First time I've heard that - what's the source?
Mahalo
Makamai
I would call this stock more of a sleeping giant that is just beginning to be awakened.
Magnum d'Or was initially a jr mining play that became basically a shell which Chad Curtis obtained. As a result, the few stockholders like myself that remained were focused in an entirely different direction. If you were to review trading history, there are many days that no shares have traded. There are what could be called meaty NRs issued without any or very little volume.
What I'm getting at here, is that word needs to get out to the investing community to let them know that MDOR exists and what potential it has. The media now days is really focused on anything "green" , but there hasn't been much PR by the company in that arena.
Recently there was reference on the last NR to a Mr. J. DeOliveira of Paradise Capital Group. I believe he is a long time buddy of Chad's who wants to help him out. The company is known for assisting in the rapid growth of small cap companies. They specialize in Acquisitions, Mergers, Sales, Takeovers, Consolidation, Restructuring, and non dilutive financing. Hopefully they also have PR connections and can help get the word out. It doesn't take a whole lot of DD to see that this could be a real winner. I'm encouraged by this weeks price increase and the new posters here on Ihub. Hopefully the pendulum has finally swung in a positive direction and we'll continue to see positive movement in the stock price and with plant progress. Good luck to all.
Makamai
DFLY - Just stumbled on this one after checking activity from the OTC BB. Could it be that there are only 555K trading shares here? Was this the result of an RS from another symbol? Any idea how far away they are from production?
Mahalo
Makamai
Stocktrader - Check out the level 2 gaps - we went to $.45 on a 100 share purchase. From $.45 (5000 shares)(Level 2 gaps to $.50 (5000), $.51 (2500), $.71 (2500), $.94 (2500) $1.11 (500) and $2.00 (500). As the price goes up, there will be fill ins inbetween, but lookin good to me. With only 5.8 mil trading shares, anticipate rapid movements on volume surges.
You can get level 2 quotes free at http://www.otcbb.com/
Makamai
Good Find Stocktrader - I just hope that Michael Boux knows a little French (lol)
Welcome Surfguy - Numbers I've heard thrown around a while back was between 40 to 60%. Considering the raw materials are generally free (in fact sometimes getting paid to take them) that doesn't sound too unreasonable. Be interesting to see if anyone has had any recent numbers quoted.
Makamai
Doog/S.T. - if you want to get the real prespective on what this company's future holds, and the applications for rubber in the various forms it can be generated by MDOR's patented processes, (better and cheaper especially in powder form with additional by products which they are about a year away from generating) read the CEO/CFO Interview with MDOR http://www.ceocfointerviews.com/interviews/MDOR-Magnum3.htm
Makamai
How often is it that you find a company that:
1.) has only 5.4 mil trading shares (16.7 outstanding)
2.) is trading for less than a buck,
3.) has amassed a total of $131.2 million in contracts over 5 years ($26.24 million in annual contracts) without even an operating plant as of yet (boy, them rubber nuggets and granules must be in high demand!)
4.) that is less than 6 months away from getting that plant up and running, capable of generating some serious income.
5.) has patented processes which will revolutionize tire recycling and
6.) is "green" and as a result will generate a lot of favorable press down the road.
Mind boggling isn't it! Would you think that there just might be a little incentive there, for management to get things up and running ASAP!
Makamai
Thanks for giving WhiteNOC a hand - This stock should get real interesting in the not to distant future provided management continues and expands their recent PR efforts to get the word out to the investing community.
Makamai
Looking forward to them
Mahalo,
Makamai
Awesome Pics - the real deal - nice to see progress!
Makamai
Some interesting web sites to browse for your DD
http://www.magnumresources.net (Primary MDOR website)
http://www.inteso.ag/ ( Spreelast Advanced Cryotech website - under construction)
http://www.spreerelast.de/cms/front_content.php?idcat=13 Spreelast AG website
http://www.spreelastglobal.com/ (MDOR website in a different format)
Makamai
Aloha Richie - Glad to see you a little more positive now. Yes it's always good to put a face with a voice. I don't think Chad has patience for those folks that come across in a negative fashion, based on his shall we say overexuberance and excitement at times. I'm banking on MDOR for retirement as well (wish I could say early retirement). Good to see a little activity on this board.
Makamai
On July 8, 2008 Jesop & Lamont updated their BUY rating on MIV Theraputics to $20 from $2 following the reverse split. Sounds good to me, now for some cash flow from the company to get things moving. It's got a long ways to go from $1.75 to get there! See Below.
Makamai
MIVT is replaced by MIVI and the reverse split impacts the
issued and outstanding share count as indicated below:
Common Shares Pre-Split Post-Split
Authorized 480,000,000 48,000,000
Outstanding 116,113,692 11,611,370
Fully-Diluted 182,983,341 18,298,334
On June 30, 2008 MIV Therapeutics effectuated a one-for-ten
reverse stock split and ticker change as of the market open. The
split is designed to improve marketability to institutional
investorsAs a result, we are adjusting our price target from $2.00 per share to $20.00 per share and maintaining our Buy rating.
Our Investment Thesis and Stock Valuation are included herein (See the link for the complete article)
http://www.mivtherapeutics.com/_resources/articles/070808-Jesup-Lamont.pdf
8K NEWS: After years of consideration, management has finally decided to terminate its mining rights at Khul Morit claiming that the substantial costs of additional exploratory drilling and geological testing and evaluation would not be desirable for the Company.
On the other hand, we now have a subsidiary called "eFuture International Limited". Under that subsidiary, management has purchased a convertible secured promissory note in the principal amount of $500,000 (U.S.) from SJ Electronics, Inc., whose primary business activities are the manufacture of electronic cable products and assembling on wire harnesses by its five subsidiaries in the People's Republic of China and sales of those products to oversea markets. Terms of that agreement are somewhat confusing.
Comments anyone?
Makamai
---------------------------------------------------------------------------------------------
Form 8-K for SUNRISE HOLDINGS LTD
12-Jun-2008
Termination of a Material Definitive Agreement, Completion of Acquisition or
ITEM 1.02 Termination of Material Definitive Agreement
Sunrise Holdings Limited (the "Company") has decided to abandon and terminate its mining rights in its Khul Morit undeveloped mining properties (Mongolia license number 6283) located in Mongolia. A western mining company that the Company had been talking to had decided not to proceed with a joint-venture project with us regarding the Khul Morit property after they reviewed our previously exploration data and visited the Khul Morit property in April 2008. Also, after further evaluation of available exploration testing results, the Company has determined that the substantial costs of additional exploratory drilling and geological testing and evaluation would not be desirable for the Company.
ITEM 2.01 Completion of Acquisition or Disposition of Assets
Effective May 30, 2008, eFuture International Limited, a wholly owned subsidiary of the Company, executed a purchase agreement and purchased a convertible secured promissory note in the principal amount of $500,000 (U.S.) from SJ Electronics, Inc., whose primary business activities are the manufacture of electronic cable products and assembling on wire harnesses by its five subsidiaries in the People's Republic of China and sales of those products to oversea markets. The promissory note is due May 29, 2009, and is convertible into the common stock, $.001 par value per share, of SJ Electronics, Inc. (OTC-BB symbol SJEL) at the option of the Company at $1.30 per share.
The Note pays 15% interest (accruing monthly) at maturity, and is convertible into shares of the common stock, par value $.001 per share of SJ Electronics, Inc. at a conversion price equal to $1.30 per share (the "Conversion Price"). In the event of a conversion, accrued interest shall be automatically converted into common stock. In addition, SJ Electronics, Inc. has the right to prepay the entire outstanding principal due under the Note upon certain conditions, if no event of default has occurred or is continuing.
The Conversion Price is subject to adjustment for certain events, including dividends, distributions or splits of common stock, or in the event of a consolidation, merger or reorganization. In addition, the Conversion Price is also subject to adjustment in the event that the pre-tax net income (the "Actual Income") for the year ending December 31, 2008, shall be less than $10,000,000 (the "2008 Projected Income"). In such event, the Conversion Price shall be reduced, if applicable, by a pro-rata percentage equal to the percentage of the shortfall in the actual income from the 2008 Projected Income; provided, that such adjustment shall not reduce the Conversion Price to a price lower than $0.65 per share.
SJ Electronics, Inc.'s obligations under the Purchase Agreement and the Note are secured by certain accounts receivable of SJ Electronics, Inc., and by a guaranty of Yu-Ping Agatha Shen, its Chairman, and the pledge of 10,000,000 shares of Common Stock owned by Ms. Shen, pursuant to a Pledge and Security Agreement, dated May 15, 2008. In addition, SJ Electronics, Inc. entered into a Lockbox Agreement which provides that it shall direct its account debtors to pay funds owed to it to an account maintained for the ratable benefit of the investors, which funds shall be withdrawn from this account as set forth therein.
Under the purchase agreement, SJ Electronics, Inc. is obligated to file a registration statement (the "Registration Statement") with the U.S. Securities and Exchange Commission to register the resale of the common stock issuable upon conversion of the Note. SJ Electronics, Inc. is obligated to use its best efforts to cause the Registration Statement to be filed no later than 45 days after the closing date and to insure that the Registration Statement remains in effect until all of the shares of common stock issuable upon conversion of the Note have been sold. In the event of a default of SJ Electronics, Inc.'s registration obligations under the purchase agreement, including its agreement to file the Registration Statement with the Commission no later than 45 days after the closing date, or if the Registration Statement is not declared effective within 180 days after the closing date, it is required to pay to the Company, as partial liquidated damages, for each month that the registration statement has not been filed or declared effective, as the case may be, a cash amount equal to 1% of the liquidated value of the Note, not to exceed an aggregate of 10% of the principal amount of the Note at the time outstanding.
Magnum Retains Heenan Blaikie and Announces Its New Wholly Owned Canadian Division
Tuesday June 10, 7:30 am ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Magnum D'Or Resources, Inc. (OTCBB: MDOR) (Magnum) announces 100% ownership in its newly incorporated, wholly owned subsidiary, Magnum Recycling Canada, Incorporated. Magnum has also retained and has been working with the law firm of “Heenan Blaikie.”
“We're accelerating our business plan and have executed all of our milestones both here and abroad,” stated Joseph Glusic, President and CEO of Magnum. “Having now ordered and commenced shipment of our first wholly owned Turnkey Crumb Rubber Plant, Magnum will now be a fully functional and operating entity. Due to the fact we will be in production in the near term this will allow for us to immediately fulfill our open contracts therefore generate in excess of $20 Million USD per year in revenues.”
HEENAN BLAIKIE S.E.N.C.R.L., SRL
Membre de l'Association canadienne des parajuristes
455, rue King Ouest, bureau 210
Sherbrooke (Quebec) Canada J1H 6E9
Updates on the progress, shipments and installation will be posted on our website: www.magnumresources.com.
Magnum is rapidly expanding to become a Global Leader in the Recycling industry. Magnum has the unique opportunity to provide a “Green Solution” to several of the world's common disposal issues which includes our strategy to establish Turnkey Recycling Plants, Operational Assistance, Consulting Resources, waste management facilities; design, manufacture, and sell products made with recycled materials; and institute viable solutions to the problem of recycling waste rubber. 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. Magnum, with its new technology and through licensing rights, owns a number of patents for the re-composition of rubber, the production of EPDM powders, and EPDM compounds that could potentially revolutionize the rubber recycling industry in North America and China.
Quarterly Report finally issued - should loose the "E" now.
http://biz.yahoo.com/e/080527/mdore.ob10qsb.html
Makamai
Howzit Richi - Good point, best guess is Magog plant in Canada which is the only one they have previously announced. I guess they got struck by that guy Ass-u-me again. My biggest problem with management is like when are they going to make some effort to obtain new investors - like get a PR firm of some kind. You can obviously see by the reaction to the news that everyone else is tapped out already....your thoughts..
NEWS: Magnum D'Or Resources to Begin Shipment of Its Wholly Owned Crumb Rubber Plant
Monday May 19, 9:04 am ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Magnum D'Or Resources, Inc. (OTCBB:MDOR) (Magnum) announced on May 19, 2008, that fabrication of equipment for the company’s first wholly owned full scale plant is now complete. Shipment of equipment will begin in the next few weeks and continue over the next several months. Installation and start-up activities should be completed this summer with production commencing shortly thereafter.
“This marks a very important milestone for our Company,” stated Joseph Glusic, president & CEO of Magnum. “This equipment procurement represents about a $10,000,000 investment in our first facility here in North America and will allow us to produce and fulfill our open contracts for nuggets, as well as, produce ambient crumb rubber and powder(s).”
The Artech ACT 301 plant will require shipment of approximately 30 sea-land shipping containers, each measuring approximately 40ft by 8ft by 8ft. Additional equipment to complete the cryogenic processing and ultra fine powder portion of the plant have now been ordered. It is anticipated that this additional equipment will be available for shipment later this year.
Financing for the plant was procured through the manufacturer, while shipment and start-up costs are being borne directly by Magnum.
Updates on the progress of shipments and installation will be posted on our website www.magnumresources.com as they become available.
Magnum has the unique opportunity to provide a “Green Solution” to several of the world's most common disposal issues. This includes our strategy 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. Magnum will use its unique closed loop recycling technology utilizing our proprietary know how for recycling scrap rubber to produce a variety of end products (buffings, nuggets, crumb rubber, pure powder, etc.) while reducing greenhouse gases.
Aloha - Some encouraging activity today and a nice percentage jump in the stock price...Been waiting long enough for management to put the bucks together to get on with business. Two important projects that come to mind are getting the equipment to Canada to get the plant started and our equity stake in the Spreelast plant in Germany. Now we will get to see just what sort of connections our distinguished board members have. Certainly hope they do this without diluting the present share structure.
Makamai
The Website has yet another new look, check it out http://www.magnumresources.net/
Well, he's got 3 mil to invest in some sort of China venture. And there's that once promising Khul Morit property. I suspect he wants to continue research on it, which would require JV'ing with someone since he doesn't seem to be planning on spending any money on it. So I suspect when he has something to say, we'll get an NR. In the meantime, the stock seems to simply be treading water and not moving one way or the other.
Form 8-K for SUNRISE HOLDINGS LTD
8-Apr-2008
Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
ITEM 5.03 Amendments to Articles of Incorporation or Bylaws; change in Fiscal Year
Sunrise Mining Corporation ("SMC") has recently changed its corporate name to Sunrise Holdings Limited by filing an amendment to its Articles of Incorporation with the Secretary of State of the State of Nevada on March 27, 2008.
The Board of Directors and the stockholders representing a majority of the issued and outstanding voting stock of SMC approved of the amendment of the Articles of Incorporation by written consent dated February 4, 2008, subject to the approval of the Schedule 14C to be filed by SMC with the U.S. Securities and Exchange Commission and its distribution to the stockholders of SMC. The Definitive Information Statement was filed with the U.S. Securities and Exchange Commission on March 3, 2008 and then distributed to the stockholders of SMC on March 4, 2008, and it was effective 20 days after it was sent to the Company's stockholders.
Check out the new look to our website at http://www.magnumresources.net/
Good to see some progress.
Makamai
Glusic and Curtis are quoted in CEO/CFO interview conducted by
Lynn Fosse, Senior Editor for CEOCFOinterviews.com and it was
Published – February 22, 2008 - an interesting read.
http://ceocfointerviews.com/interviews/MDOR-Magnum3.htm
Magnum Welcomes Rubber Specialist and New Sr. Director of Operations for Magog Plant
Wednesday February 20, 2:11 pm ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Magnum D’Or Resources, Inc. (OTCBB:MDOR) (Magnum) announces the addition of Mr. Michel Boux to the MDOR Management staff. Mr. Boux will act in the capacity of Sr. Director of Operations. His duties will be directed primarily at the coordination of efforts associated with the acquisition, construction, and start-up of MDOR’s first Cryogenic Crumb Rubber production plant in North America, “Magog project.”
Mr. Bouxs’ extensive background and experience in Canadian projects and affairs will help expedite the permitting and regulatory requirements associated with our Canadian operations.
CEO Joseph Glusic, stated, “This marks our first steps in assembling an international team of managers that will help us meet our aggressive growth strategy, as well as, strengthen our internal management structure. With the professional expertise of Mr. Boux, this now allows us to have in-house expertise in our new Canadian business operations for the production of rubber and rubber powders. Magnum is currently working with Canadian official General Director Ghyslain Goulet of CLD de la MRC de Memphrémagog to obtain maximum support at each step of development that includes: variety of Federal and Provincial funding and assistance, permitting, facility construction, employment of qualified manpower, or developing relations with the various municipal services.”
Michel Boux, Sr. Director of Operations:
Mr. Boux holds Bachelors Degrees in Microbiology from
Université de Sherbrooke and in Mining Engineering from Laval University in Quebéc. He has extensive knowledge in high quality rubber powder production and is very familiar with most phases of mesh size tire reduction. 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 and has provided risk analysis and recommendations for other clients.
As a Process Engineer with over 14 years experience, he has been involved in the research and development of new construction products using DC plasma and plasma coatings. He took an active part in the organization and creation of the company Plasma Control, Inc. He also has experience in the writing of reports/ratios to obtain all available governmental subsidies and R&D income tax credits.
I picked up 20K at $.09, but that was just to average down a little. Been in this play since the symbol was MAGR for over 3 years.
Makamai
According to American Bulls, today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure
Our system posted a HOLD today. The previous BUY recommendation was issued on 12.24.2007 (49) days ago, when the stock price was 0.0700. Since then MDOR has gained 1,057.14% .
The previous SELL-IF signal is now null and invalid. The bearish alert is rejected by today’s long white candlestick. Continue to hold the stock and wait for a new signal.
Do not bother yourself with further buying or selling as long as the HOLD tag stays. Keep away from short selling as well.
WOW! I've finally turned from red to green today. It was tough hanging in there these last 3 years but I guess all good things take time - and great things just take a little longer. Nice steady momentum over the last several trading days. With a 100Mil in contracts for the next 5 years - Seems to me we are a bit undervalued at the moment and it would appear the Market's finally getting wind of that.
Makamai
Only time will tell - in the meantime, pondering over the future aspects of this company has finally become interesting to say the least.
The price always seems to spike just as I'm about to buy a few more shares - it jumped to .60 a few minutes ago - could there be more news on the near horizion...
Makamai
Aloha -
We need fresh blood - a PR company that knows how to bring in new investors. Got a call from someone claiming they were going to start sending me info but none to date. Markets are a little tenative at the moment as well, however I know when I tell people lately about MDOR, their response is "is this company for real!". Word needs to get out IMHO.
Makamai
Aloha,
I've been hanging out at SH mostly, but good to see some quality posts on another forum. Has anyone studied this company's product line mentioned in the NR: http://www.nsalessupply.com/ Most all of their Maintenance Supplies, Landscaping Supplies, Play Area Supplies and Home Supplies involve rubber products. I was also impressed with the following statement in the NR "With contract in-hand we are now able to seek the capital funding required to meet our rapid growth projections in the “Green” market. The interest in our technology has been staggering to date.” Wouldn't be surprised to see a funding NR fairly soon and one possible source could be Morgan Stanley.....
Makamai