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Apparently it's not about Much.... since we are now trading only $ .02 below Friday's close... A pullback after such a big move should be expected and is healthy... Too much movement in either direction too quickly is not a good thing. (unless you are a genius and sell when it peaks... and buy when it dumps!)
I think what we're seeing right now.... with regard to the quick drop in SP... is the MMs trying to shake out some cheap shares. Did you notice that it was a huge 100 share trade that put us back up to .80? There certainly will be games played, but at some point it is just supply and demand... I'm "demanding" at .75 so, don't think we'll see much below that at least.
Not quite the same buying pressure today that we had on Friday... I have an order in to buy some more if we dip to .75 I think what has happened here is that we've kind of hit a critical mass situation. Many of us have been increasing our positions and therefore taking shares off the table. We're getting more exposure and it just doesn't take much buying pressure to move the SP upwards.
I once had a significant position in another stock that I got into at around .80 and it ran wildly up to $8 and even managed to hit $15 briefly... then it fell steadily back to almost nothing. The reasons it fell were many, but clearly the main reason was that the financing the company arranged was basically a death warrant. They actually made it advantageous for those financing the company to see the SP fall, so that they could exercise warrants..... apparently these same people were shorting the heck out of the stock and it simply crumbled. I lost more money in that fiasco that I even knew I had. That is why I ask so many questions....
On the other hand... I have hope that this play will help me be able to get back the darn boat I had to sell as a result of losing my butt in that other stock! I can feel the momentum building. I see the increased interest.... and in my gut.... I know that there is a lot of room for this stock to zoom. It wouldn't take much to push this over a dollar.... and from there why not $2 or $3... which is what I think will happen when we begin seeing a revenue stream. At that point... if I am not mistaken... at least with ETURD... after 30 days of trading at $3 or above... even a BB stock is marginable (at least this is what used to be the case).... then I think we'd see another huge move, especially with more good news.
Bottom line here is... that I think we're about to see this old yak pasture get up and dance... My prediction is.. that in less than a year we'll see $5. I think we'll see $1 very soon...like before the end of the month. Comments?
It shouldn't be such a surprise... since I have always said that I want this to succeed. I was trying to get my shares at around .50, but the timing of getting the 401k terminated and then getting the money into an IRA account just took too long. Then... when it finally did arrive I panicked, since I was not the only guy wanting to load up in a big way. I just keep a very healthy skepticism Mr. Surf. This is NOT a popularity contest and I refuse to take anyone who has my financial future in their hands just at their word. We must remain vigilant and keep them honest as best we can. Do you think for one minute that if it becomes a situation where it's in their best interests, but might hurt us... what the outcome would be?
As I mentioned before, I lost my shirt in a previous investment and simply want to NOT repeat that.
So... I WILL ask the questions and I am simply looking for what reality is withOUT rose colored glasses...
That being said... anyone want to make a guess as to when we break $1, $3, $5?
My 401K went to hell recently... so I liquidated it and put it in a Rollover IRA.... Friday I bought over 50K shares... all Those 10K trades were my buys... Don't know that I'd call me "smart money", but I hope to be able to say so in the near future. Buying pressure was intense and I hope that others will pick up where I left off. I intend to buy a few more shares if we have a dip. Then... I will impatiently wait for this to lift off.
Interesting 8K.... I see that Magnum is required to put up $475,000.00 as initial investments/fees in this agreement. Makes me wonder... 1. Where is that money going to come from... AND (more importantly) What will this equipment and technology mean in added revenue....in the short term. There MUST be some contracts in the wings for this kind of initial commitment to be taken on.
I just want someone who actually knows...to spell out exactly what our status is regarding when we might realisticaly expect to see some product being shipped and an actual revenue stream become a reality.
I just looked at the website.... and after looking at a production diagram I have more questions. From one of the flow charts... there are several stages that would suggest that there is yet more equipment needed that has not been mentioned so far.
For example.... In this particular diagram the stages of production are as follows: Scrap tires...primary shredder...classifier...granulator...separator...metal and fiber separation.... and then finally output as nuggets or crumb rubber.
In another place I see that Buffings = mulch.
I'd just like to see some sort of definitive word from the company as to when they expect to begin shipping product... ANY product.
We all have opinions (some more optimistic than others) about what might happen when. I would encourage those who might respond to this to stick to facts... If you can refer to a NR or some other source from the company who can or has answered this, I'd love to know. Anyone actually talking to the company? Since Chad has become an "advisor"... I hope that he as quit taking phone calls since he certainly rubbed me (and others that I am aware of) the wrong way.
I am a serious long in this stock... but I will not get on the cheerleader bandwagon and be blind to reality.
I encourage us to all be vigilant in keeping this company honest and on track as much as we can....
I also hope to see the SP take off when production gets underway.
I am a little confused... I like the fact that the equipment that has been received will be online soon. What I don't understand from this announcement is.... Whether or not the existing equipment will be able to begin fulfilling either of the current contracts. It's rather ambiguous as to whether or not we need to wait for the next batch of equipment to get the rubber into small enough pieces to actually fulfill either contract. It's the Mulch, chips, nuggets, buffings terms that have me confused.
"Recently installed equipment will allow Magnum to separate, shred, and process tires down to 1" to 2" chips." It SEEMS to me that this is saying that existing equipment will ONLY get the tires down to 1"-2" Chip size. The announcement then says that:
"They will then be reduced to rubber nuggets in order to fulfill its 40MM nugget contract obligations". The announcement does not say that we are presently capable of said... "reduction".... So, IF this is correct, I feel rather deceived... in that I thought that the equipment that was received would be enough to actually start delivering product. How are the rest of you reading this?
Asus... I am always open to read anything that is relevant and MIGHT have some basis in fact. I have yet to see you write or produce ANY relevant or credible information that has anything useful. Stuck in a short position?
The Major milestone news was to be announced on or before the 30th. Today, being the 30th..... and no other news announced kinda answers that question. And... Truly, that financing deal IS a major milestone. Ask anyone who's been involved in startups... raising that kinda cabbabe without substantial dilution IS unusual. What other possible milestone news could there be? Be happy.... it was/is exceptionally good news.
For once... I am in total agreement with you. I, too see this as a milestone. For a company in this stage of development.... terms such as this for financing ARE very unusual. Normally there is a big dilution factor. Very little to speak of in this arrangement. And... yes, the financing investors MUST believe that $1/ share would be a bargain.
I find it interesting to see people's comments on this... especially those who are "certain" of something, when they clearly only have an opinion that is apparently mostly based in feelings instead of fact.
I see that the warrant exercise price is $1. Does that mean that the warrant holders will be able to buy shares at $1 each until the warrants expire? If this IS the case... then clearly the people behind the financing are expecting the SP to be significanlty higher than $1 per share within the next two years... Not a bad deal for all concerned... considering that this IS a startup.
Presto.. ala Kazaaam. You GET your wish! Nice appreciation for the last week or so.
I am long about 40k shares. And even with averaging down... I STILL need to be at about $2 a share to break even. That seems to be a distinct possibility, and I AM thrilled about that. I have been around long enough to know that those at the top of virtually any company are going to look out for themselves first... and (regardless of what they say) they do NOT have the best interests of the "other" shareholders at the very top of their list.
I simply will not be a blind cheerleader for any stock. I try to look at what is really happening and determine what is best for myself.
It WAS Willy who was promoting MAGR and here is what the deal was/is:
"The Publisher has be paid $1500 by third party ,OTCNetwork for one month of a six month advertisement at WillyWizard.com. The Publisher was issued 200,000 restricted shares on 2/3/04 (pre r/s), certificate number was 4428. The company has agreed to issue 18,000 new restricted shares in exchange for the 200,000 shares and in order to cancel the certificate 4428 dated 2/03/04."
200K shares ???? Wow.... That was a lotta almost worthless paper.
I DO admit that MDOR appears to be on a path of success... I am and WILL remain skeptical until this stock performs as advertised. I read in Willy's blurb that as of last January there were only 111 shareholders of record. Not many... Wonder what that number is today.
Guys... just because I am skeptical does NOT mean that I want this to fail. I just won't fall in love with a stock again.... OK, maybe I will, but I will ALSO keep my eyes open and ask questions.
Yes... MAGR became MDOR after it wallowed in near extinction for quite some time and then was bought for a song. Were you involved with MAGR previously? If so... was Willy Weasel touting it back then too? I become VERY skeptical when the paid touts are called in to make noise....
NONE of these guys have any real credibility... in my opinion.
This is the kind of NR I think we could really do without. The phrase "strategic relationship" just makes me wonder what the heck it is. After reading it further... all I take away from that is... that we hired some guys to help us set up the new toys. That... AND the impression that it will take longer than expected to get things running...
Thanks for the clarification... Mr. Makalammaramma...
Still, by looking closer I see that the property I believe you are talking about is labelled SP Windmills if I understand you correctly. The size of the property that we are presently leasing... I am guessing... should be large enough to house a LOT of expansion, most likely including a TPE facility as well. I don't take ANYthing for granted and since this issue hasn't been addressed (to my knowledge) I thought I'd ask. Anyone else have any info on this?
OK.... here's a question... on the picture that you just posted.... where MDOR is/WAS going to be... all there is is dirt. WHERE was the old plant that we are now leasing in this picture?
What is "VERT"?
I am saying that that many shares being sold at that price in an environment that would SUGGEST that the company SHOULD be taking off.... makes me suspicious. This clearly isn't MM manipulation... somebody wanted to get some spending money... a little over $20K, in fact. I don't think that these were shares that someone bought at a lower price and thought that the SP had peaked and it was time to realize a gain. I also don't think it was someone who wanted to just get out of the stock and be done with it. Doesn't leave a whole lot of likely options.
It would seem that someone is raising money... perhaps to pay consultants or something like that. It would be in that same entity's best interests to keep the SP closing on as high a note as possible. Makes me rather suspicious...
Looks to me more like someone dumped about 50K shares at the end of the day...
What's up with that?
I can't figure out why the SP isn't a LOT higher right now. Previously, yes... the SP took large jumps in both directions.. I think what we're experiencing now as far as SP movement is more the norm. I agree that there isn't a huge float here too.... so when those who are willing to sell low have sold we should start seeing more significant upwards pressure.
I think we're all going to have to wait until production is under way to see any substantial movement, though.
Why do you think that the mms are keeping this down? If the demand were there.... the shares would move.... and the SP would rise accordingly.
PS I believe you meant brakes vs breaks.
And where did you get the idea that I suggested that the mms are balking at selling at ANY price? I was merely mentioning a huge spread, but that SOME of the mms were clearly selling WAY below the ask. They don't care if the stock is going up or down... all they want to do is the same as us.. buy low sell high(er).
Not exactly ready to.. um "trade" at this point. I need this piglet to go up to $2 before I break even.
Anybody care to speculate on what heppened today? Clearly can't argue that there was a Huge increase in volume... but I've got to think that Moondoggie.... I mean Surfish one and the others that thought that today would be lift off... are rather disappointed too.
Comments?
In this case.... IF I'm guessing right I wouldn't expect any dilution. After all WE have the contract and we're (apparently)getting someone else to produce for us... so, I would have to expect that they would be sort of a subcontractor of ours. I do, however agree with you that there is no excuse for not letting the shareholders have some clue as to who our joint venture is with... and some actual facts about the arrangement.
Clearly the market is NOT impressed with the Lebed newsletter... a LOT of churn, but no movement.... so far.
Bid is .45 ask is .60... Last trade is .48 What's up with that? I have noticed that it appears that the ask may be WAY higher than what some mm's are actually willing to sell shares for. Anyone else notice this?
Thanks for that post. I'm afraid that most people forget that a promoter will only tout the picks they've made that HAVE done well. Doh.... Ya can't win 'em all, and I'd like to see a COMPREHENSIVE list of his recommendations, NOT just the ones that have done well.
The jury is out on this one.... so far a lot of hot air and volume, but that's about all...
A LOT of noise... and volume but not much else
All that hype and so far all we have is some "slippage".... and a lot more volume than usual. I'm still expecting upward movement, but somehow I doubt that this is what the Surfing investor and others who are in the lebed cheering section expected.
Perhaps I wasn't clear in what I said. My problem was with the Lebed promo... in that it did NOT say anything about MDOR producing within a month and starting to fulfill existing contracts in this one month time period. What he said... was only that the plant would be operational by the end of the year. That promotional piece is what I was referring to as not sizzling. Heck yes... creating an actual revenue stream that quickly IS impressive and Lebed should have jumped on that. AND that the company is gearing up to continue ADDING revenue streams by the end of the year... As additional equipment and processes are added to this beginning phase.
Mr. Surfish one... I know that you have a lot invested in this and if your posts are to be believed... you keep investing more and more. I once went down a similar path with a different investment, that turned into a worse than bad investment. It made me much more skeptical about non-big board stocks in general. I don't like the slippery, loud mouthed attitude that I pick up on with the Chadmeister. I'm not the only one who feels this way about him either. I am feeling rather cautious about the Lebed scheme as well. Yes, I think the PPS will go up, but I have some reservations about how we get there. This may be a surprise to you, but I AM optimistic about the future of this company. I hope like some others (I believe it was Richieboy who recently expressed this opinion)... that we don't attempt to grow too fast and screw it up. This IS a very good opportunity for all of us. I don't want to see that chance blown.... and I also don't want it to succeed by anything other than above board practices.... Which would include any sort of fraudulent pumping activity. I'm just pointing out that the course we've now taken is something that we should all be aware of and understand the up and down sides of this course.
And it is intersting to me that MDOR did not hire Lebed... Spartan Consultants did. I'd like to know what the connection is and how that came to be. Wouldn't you like to know too.... or do you just care about the SP and nothing else? Don't get all worked up about this... I'm just trying to keep an eye on what is happening here and not get blinded by my own greed (again.. darn it).
Egads.... Look who Lebed is....
According an article in the NY Times on Feb 25, 2001...
OK, Eight years later, but do we really want to entrust our future to someone whose claim to fame is stock manipulation through posting bogus pumps on various bulletin boards? I certainly hope he's changed his methods since then...
Jonathan Lebed: Stock Manipulator, S.E.C.
Nemesis -- and 15
In Sept. 20, 2000, the Securities and Exchange Commission settled its case against a 15-year-old high-school student named Jonathan Lebed. The S.E.C.'s news release explained that Jonathan -- the first minor ever to face proceedings for stock-market fraud -- had used the Internet to promote stocks from his bedroom in the northern New Jersey suburb of Cedar Grove. Armed only with accounts at A.O.L. and E*Trade, the kid had bought stock and then, "using multiple fictitious names," posted hundreds of messages on Yahoo Finance message boards recommending that stock to others. He had done this 11 times between September 1999 and February 2000, the S.E.C. said, each time triggering chaos in the stock market.
The average daily trading volume of the small companies he dealt in was about 60,000 shares; on the days he posted his messages, volume soared to more than a million shares. More to the point, he had made money. Between September 1999 and February 2000, his smallest one-day gain was $12,000. His biggest was $74,000. Now the kid had agreed to hand over his illicit gains, plus interest, which came to $285,000.
Gettin' in bed with Lebed....
Not so sure that this is a great move. For one thing, they didn't really inspire any confidence in me... since they only believe that the plant will become operational sometime this year. What about the stages of coming on line... ? Nuggets and buffings in less than 30 days... then all the rest of it. Not much sizzle if you ask me. That... and who is this outside consulting firm paying all of $20k for one month of blather?
As much as I'd like to see the SP go up, I'm not sure this is in our best interests.
Never HEARD of LeBed.... anyone else heard of them and any idea of how they're perceived in the investment community? Are thy known for representing reputable companies? Or are they more of a quick fix pump operation? Just like to get some idea of... who we're involved with... .and if they have any um... communicable diseases! lol
Interesting trading... NOTHING till late in the day. The close at .55 seems (as far as I can tell) to be a single trade of 100 shares, otherwise the close would have been .50 For the last week it's been more or less the same thing... mosttly trading under the close, then in the last 15 minutes it's brought up to the day high to close higher than the day's trading. Nonetheless...I still have to agree that we seem to have established somewhat of a base!
Interesting information, but.. so what? Looks like Mr. Boux is human and has tried doing some different things... Most of us that have any motivation to succeed have tried different things to get where we are today. Those that haven't... well, they remain where they started. That post was from November of 1999... Doh... time has passed and apparently Mr. Boux is now doing something else... and I'm betting that the experience he has gained in that and other ventures (successful or not) have taught him a lot. Looks like he has finally teamed up with a group that has managed to somehow put together the equipment and other resources to make a real business go. Hurray for us. Thanks Mr or Ms Angel for the background!
What on earth are you trying to say? What do distributors have to do with anything. I am merely trying to ascertain whether or not there is a decent profit margin for MDOR built in to the contract price..... period.
And.. with regard to the other post about the $50 million contract.... I believe that the person who posted that was merely pointing out how MDOR came to get involved. Michel Boux apparently already had significant contracts lined up.... but no way to fulfill them....so it seems that he/MDOR teamed up to make it happen. How is this bashing?
Thanks for the reply Mr. Surfish one, but I'm really looking for some facts. Does anyone KNOW how Magnum's pricing for these contracts stacks up against the competition?
And... I'm not sure about the "FREE" thing with tires too. IF enough show up at the Magog doorstep for free... that would be great, but is this likely? I simply don't know and want to know what is reasonable to expect.
I'm someone that desperately wants this to succeed.... but I am also rather skeptical.... Answers to these questions and others might help other investors feel more comfortable too...
Why is this stock trading so low?
The simple answer is that the market doesn't think it's worth more. Beyond that I can only ask why. One of the questions that I haven't seen addressed is.... With these contracts in place we MUST have cut prices pretty low to even Get the contracts.... otherwise existing facilitie(s) would have stepped up and filled the orders. My understanding is that there isn't anything special about making rubber nuggets or buffings... Am I correct in this assumption? I believe that management wanted to get a revenue stream in place so that we could develop the higher end applications.... powders and other elastomer technology. My question is.... Can/will the company be able to make a profit fulfilling the nugget and buffing contracts? OR.... did management price these commodoties too low? Perhaps it's simply too early to know... Without an operational facility in place.... we don't know what some of the undiscovered variables might be in fulfilling these contracts....
Comments?
Strange Trading today.... So, what's up with 55,000 shares sold at .50.... and immediately after that the ask drops to .48? Go figure.
I have to agree with most on here that this building PR is exceptionally good news! What amazes me is that the level of skepticism out there (myself included... mostly due to previous iterations of MDOR...and MAGR) has managed to keep the SP as low as it is. Big, substantial news.... and not a single share has traded yet today.... Go figure.... With contracts in place.... equipment en route... and finally a highly subsidized physical plant in place.... It seems far more likely than ever that this company will actually make something... and SOON. Back in the days of "gold fever".... the SP went over .80 a share... so, I guess tires just aren't as glamorous and exciting! In any case... I'm very surprised that the SP isn't in the $1-$3 range already....
I'm wondering what it will take to see a significant move. Equipment being set up? Actual production taking place....? First shipment of product? Further contracts?
Apparently the market is remaining skeptical, today.... Let's see what tomorrow brings.... and what the tipping point will be.