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Is this new or used equipment ?
Our planet series: now is the time !
Now is the time to buy TV promotion package "Our Planet", according the latest video from MDOR there is now a complete line of production ready to be shown off to investors, for 20K$.
Even if the equipment is rather run of the mill for rubber recycling, at least it is there and producing.
Recent pump cost way more than this.
MDOR has been talking about this series for a year now, without anything happening. Now is the time.
Colorado acquisition : filings ?
In the interview with the Magog reporter, Mr. Glusik mentions that MDOR acquired a tire dump in Colorado. Is this so ?
Did they file anything on this, or is it only PR ? Please Mr Glusik file a copy of the final contract ? This time make sure that all the names are there, and that there is no contradicting document in the filing exhibits.
I checked tipping fees (price one has to pay to dump his tires at the depot) and they are in the vicinity of 3.50 for a car tire, 4.40 for a light truck, and up to 8.50 for an oversized tire.
They have 30 million tires, incoming flow of used tires generating tipping fees, mexican rethreaders paying them 5$ per tire good enough to be rethreaded also generating revenues, they also have shredding facilities. Wonder what the selling price would be ?
The guys were picked up for pump and dump,
and not bash and buy !!!
Joe's comments about SEC and financing
"One will have to give explanations to l' organization of regulation of which it is raised, if one n' this money does not obtain." Dam.ed translation...
My decoding is that Organization of regulation must be SEC, since this is the only regulation body existing for MDOR.
If indeed they were contacted by SEC, then this would explain the sudden disclosure of CC,Boux and Joe about their insider trading activities. IMO
What else is new ?
Joe said in the interview that he will have to do some serious talk with SEC if the 15 M$ does not show up. And the development guy in Magog said that they had to have financing before getting any grants. Is this a catch 22 thing ?
Also, if they don't have financing to run Magog properly, how the heck are they supposed to pay for the Colorado outfit, in used OTT tires, or MDOR shares ?
In Colorado, they are already selling cheap crushed rubber to the market, and whole used tires to mexicans for rethread (sold 5$ approx). They receive tipping fees from every tire that comes in. Can you imagine the selling price...
I would appreciate if Joe put the original agreement signed by both parties in a 8K (scanned version of course) so we can legally see how binding it is...
Who says so ?
Glusic interview with Magog journalist:
Translated from french with Babelfish, original at:
http://www.cyberpresse.ca/la-tribune/estrie/200905/30/01-861385-un-lent-demarrage-des-activites-chez-magnum.php
JEAN-FRANÇOIS GAGNON La Tribune (MAGOG) May 30
The starting of l' company Recycling Canada Magnum, which promised in 2008 the creation of tens d' uses with Magog, s' carry out more slowly than envisaged because in particular of difficulties related to the financing. If its leaders keep hope that better days are to be come, it appears clear that the n' part; is not gained yet. Within the framework d' an interview granted with La Tribune, the president of Magnum D' however Resources, Joseph J. Glusic, took stock yesterday on the situation of the subsidiary company Magnum Canada, of which the d' number; employees n' reached not yet ten. Mr. Glusic recognizes that the efforts of its company to unearth financing did not enable him yet to touch an appreciable sum. Moreover, it reveals that Magnum was assured d' a financing of 15 million $ by the Simco firm, but that l' money is long in being placed at its disposal. “There are documents guaranteeing this 15 million $ to us. One will have to give explanations to l' organization of regulation of which it is raised, if one n' this money does not obtain. But, what qu' it arrives, that does not put in danger our project”, declares the president of Magnum. These last months, l' machine Magnum in ground magogois accomodated various equipment, probably thanks to the financial participation of small private investors. Their value would add up 3 million $. Joseph Glusic hopes that the Town of Magog and the government of Quebec will be in d' measurement; to bring an financial aid. “There perhaps was disagreement, but one believed to be entitled to a help starting of the authorities when s' was chosen; to install here”, notes it. On this subject, the managing director of the local Center of development of the MRC of Memphrémagog, Ghyslain Narrow part, met Mr. Glusic Thursday. “I asked him for an update of the project, which passably evolved/moved, and a planning for the two next years. One needs also d' a proof of financing before d' to grant funds”, says it. Recruitings These next weeks, l' company will proceed to some new recruitings. Thereafter, one will grind the personnel of production and the equipment, then towards the beginning of September one envisages to engage ten d' employees moreover. D' after the big boss of l' machine to Magog, Michel Boux, forty d' employees at least will work for Magnum Canada at the end of this year. During last months, Magnum acquired a site in Colorado where l' one counts 30 million worn tires, a raw material which serves to him with manufacture as various products. On the spot, the company intends to establish one second factory, which would start to produce l' nearest autumn, if all is held as envisaged. Part of the tires present on the site at Colorado could with the being need transported in Magog. In addition, Magnum became partner of the company Sekhar Research Innovation, which has a promising technological knowledge as regards recycling of old objects of rubber. Possibly, this association will allow d' to increase the product range.
I hope he visits his plant and bring in 15 M$
Sorry,not meay YOU, but MDOR
, I can't figure out how they can TALK about all those projects with 160 bucks handy.
Hello, reality check here,
you've got 160$ in your account !
How can you afford to ship samples anywhere but home?
You must be paying fedex in MDOR shares !
LOL
Had the company issued 25 million shares at .15$
just like Curtis did give himself, there would be 3,75 million dollars in the bank account, instead of 160 lousy bucks. With the same amount of dilution for existing shareholders.
Simple explanation,
pumping is going on on a bunch of other boards, and as far as hard questionning, IHUB is the main place.
If one was to follow up the army of posters that are probably paid in shares as consultants to post and promote on other sites and to send mails to individuals,and to give counter-information ( not for the sake of giving false info, but real info) then you would see the impact on SP.
This is now Viral, tougher to catch. But everything revolves around the main Character. He is not the week point of the stragety, but people around him are... Ex Ledbed, French and Flatt, just to name a few...
Don't count on him,
Still trying to figure out on how to do a teleconf.
Hey MF,
why is it that I feel you have great fun with the 10Q ?
Do you thing our "friends" will love this ?
I'd rather say it was a cross, simpler,
so mgmt is praying the stock goes somewhere.
Need news, real news, not bogey annoncements like the one
with Cohen. I wonder how may shares he got, perhaps through Dwight Flatt again, our Mr. Spartan Consultants, and best buddy of CC !
Cohen Disclaimer : it's advertisement
Cohen Independent Research Group (Cohen Research) distributes research and other information purchased and compiled from outside sources and analysts. This report/release/advertisement is an advertisement and is for general information purposes only. Do not base any investment decision on information in this report. All information herein should be viewed as a commercial advertisement and is not intended to be used for investment advice.
http://www.cohenresearch.com/disclaimer.php
Cohen research... not credible...
Look carefully at the revenue projections, specifically at the price of buffings, at 350 $/ ton, the contract that MDOR has is at 200$/ton, unless this contract with NSS is not real.
Therefore share value projections are wrong.
Should'nt debt buyout be filed as a material event ?
Might be a lot worse than that... soon
Glusic doesn't take SEC seriously
Filing late, don't offer any reason...
Part III - Narrative
----------------------------------------------------------------
State below in reasonable detail the reasons why Form 10-K and Form 10-KSB, 20-F, 11-K, 10-Q and N-SAR, or the transition report or portion thereof could not be filed within the prescribed period.
----------------------------------------------------------------
That is one of the reasons IMO why the 10Q is not out yet.
Walking the talk ???
Curtis should read this :
http://books.google.com/books?id=FlMiOIhQZpEC&pg=PT177&lpg=PT177&dq=form+4+sec+late+filing+penalty&source=bl&ots=6KBOL3B2R2&sig=PsR5FqLtVPPdWWuSmh3nvye1-H0&hl=fr&ei=IikLSq-HHcWMtgeQ4_2iAQ&sa=X&oi=book_result&ct=result&resnum=10#PPT177,M1
Extract from « A practical guide to section 16” par 5.01 (sorry for the long link):
In this respect, the SEC has several means to foster compliance with section 16 and its rules. One such tool is Securities Enforcement Remedies and Penny Stock Reform Act of 1990 (the “Remedies Act”), which gave the SEC gretly expanded powers to seek monetary penalties and impose administrative sanctions on violators. Under the Remedies Act, the SEC could conceivably bring an action against an individual in district court for violating section 16 or its rules and seek monetary damages of up to $100,000 in case of egregious abuse. …
Furthermore, under the legislation, the SEC has administratively obtained cease-and-desist orders against further violations of Section 16 and its rules.
So he has to straighten his act if he wants to sell the 25M$ shares he decided to sell himself at 15 cents, when the market was at 45 cents.
MDOR always had the duty to declare delinquants, like Boux and Curtis.
Let's see how much money it will cost them... Of course 100K$ for CC is nothing, not sure for Boux.
Ya probably consulting services, but why at 0,15$ ?
No credit...fine print at bottom of form 4
Chad Curtis bought 25 Million shares at 0,15 $ on nov 18 08,
that specific day the shares went from .45 the day before, dipped to 0,15$ and jumped up to 0,45$ the day after.
Common Stock 11/18/2008 A 25,000,000 A $ 0.15 32,352,335 D (as per Chad Curtis filing of today)
Historical prices from IHUB
2008/11/19 0.25 0.47 0.15 0.45 80,451 0.45
2008/11/18 0.59 0.59 0.15 0.15 99,050 0.15
2008/11/17 0.61 0.61 0.32 0.45 18,980 0.45
Can someone explain this ???
Some one please call the SEC
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Surfgy, what is your role in this ?
too much shares were given for free (24 millions) to consultants (CC). The only concern is to keep a story going that will keep MDOR going and going...
What is the profit margin you get when you sell something you got for free ?
Open your ears and your eyes, CC is gonna get all type of stories out so he can let go the free shares.
Hey Buck, can you explain this Sulja Brothers comment :
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37223178
I'll bet you that they will file late, as usual, so the bad news don't hurt the title too soon.
And Spartan Consultant is...
Dwight Flatt !
This is Chad Curtis buddy who was in Marquee Assett Managenent, promoting SLJB ...
So there is goes: Spartan (Dwight Flatt) is paying other promoters to promote MDOR. But who is paying Spartan ???
My guess is Flatt is about to feel the heat soon...
Detail by Officer/Registered Agent Name
Florida Limited Liability Company
SPARTAN EQUITY CONSULTANTS LLC.
Filing Information
Document Number L08000011945
FEI/EIN Number NONE
Date Filed 02/01/2008
State FL
Status ACTIVE
Effective Date 02/01/2008
Principal Address
627 SW 14TH TERRACE
FT. LAUDERDALE FL 33312
Mailing Address
627 SW 14TH TERRACE
FT. LAUDERDALE FL 33312
Registered Agent Name & Address
FLATT, DWIGHT
627 SW 14TH TERRACE
FT. LAUDERDALE FL 33312 US
Manager/Member Detail
Name & Address
Title MGRM
DWIGHT, FLATT
5040 SUNRISE BLVD
DELRAY BEACH FL 33312 US
Joe J. Glusic a real estage agent !
Did you know that our beloved Joe CEO was a real estate agent in Nevada along with his wife. How can you be CEO of a rubber company and be a real estate agent at the same time. Is he breaching his employment contract, therefore he should be stripped of all the options he got and be fired immediatly.
Joseph J Glusic
West USA Realty - Las Vegas
9089 S Pecos Rd, #3400 Henderson, NV 89074 (Recommend this Agent)
Ph: (702) 990-8900
And this is his adress on the doc 4 filed on SEC
9089 S. PECOS ROAD, SUITE #3400
http://www.agentopolis.com/real-estate-agents/nevada/real-estate-agent-directory.asp?acState=NV&acCity=Henderson
http://www.agentopolis.com/real-estate-agent-profile.asp?regID=6617®City=Henderson
Again Mak you go and overlook common sense.
The opposite is also true...
Please MDOR real news !
LOI means nothing,
just get a get a letter of intent from anyonw for whatever contract, and try to get a loan from you bank on it, you'll will get zippo plus a kick in the area where the back changes name.
Who do you see selling ?