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Definition of 'SEC Form 15'
A filing with the Securities and Exchange Commission (SEC), also known as the Certification and Notice of Termination of Registration. It is used by publicly traded companies to revoke the registration of their securities. SEC Form 15 may also be used to notify the SEC and investors of a company's intent to cease filing various required forms because their securities no longer fall under certain filing requirements.
Some funny people here call filing 15 an excellent news ...
Not Funny
CAVEAT EMPTOR FOR PDGO
This is bad news folks.
Next, the CEO will be brave enough to announce a merger...
Who would merge with CAVEAT EMPTOR ... this BUBONIC PLAGUE FOR STOCK... CAN'T GET ANY WORSE !!!
http://ih.advfn.com/p.php?pid=nmona&article=52916952
PDGO STILL CAVEAT EMPTOR
Skull and Bones
CEO filed form 15 for deregistering...
Company in pretty bad shape,
http://www.otcmarkets.com/stock/PDGO/quote
PDGO STILL CAVEAT EMPTOR
Skull and Bones
CEO filed form 15 for deregistering...
Company in pretty bad shape,
http://www.otcmarkets.com/stock/PDGO/quote
Why compare to mediocre companies ?
Unless this is what you really mean.
Lots of pennies are not CAVEAT EMPTOR
WORST CATEGORY OF THEM ALL !!!
AHEM... PROVE IT.
Show us the financials.
Give us the links to the authorities proving the oil output of this company.
If you cant, probably they are unsignificant and this is why they don,t talk about it.
PDGO FINANCIALS NEEDED ASAP
Violette has to disclose immediatly the latest internal financials with full disclosure on the notes said to be detrimental to the company.
Who is benificiary of those notes, what are the conditions ? Why hide the numbers mr violette ??
AND PDGO CAVEAT EMPTOR...
http://www.otcmarkets.com/stock/PDGO/quote
this will make a strong family...
Only pr's will come out of any union,
Violette can only do that...
Check his background, will post soon...
IMPROVEMENT...NO ANNOUNCEMENTS SUPPORTING THAT...
Typical merger rumor,
Last financials, LHPT had 1 buck cash on hand....
You want to merge caveat emptor company with a cashless company...
to achieve what... PR'S ?
This will be a horror story.
LHPT is financially broken.
Two weak companies together....
[ not interested in the dilution game!.../quote]
That is a classical, many scams propose this useless argument...
They don't have any money, how can they pretend getting contracts, no government would do business with a company that does not pass the acid test !
If they are serious, they will get real cash in the bank and then they can pretend being somethimg than a subpenny company...
JMHO
Viva Google, Reason MDOR dropped Spreelast...
http://www.ripoffreport.com/reports/0/382/RipOff0382090.htm
If this is the reason, why didn't MDOR provide the information ?
Burn rate, payments to be made
I fully agree with you. I think that MDOR did not get a dime yet, as formulated apparently by Cubic Centimeter.
Therefore, MDOR probably needs cash injection, and so far I believe that the only ones that will put in mullah are the ones owing a bundle of the free shares received during the Great Dilution.
Liquidating free shares on the market would allow the company to barely survive until the next 10Q, which I predict will be late, because the 15 M$ will not appear, and that it will give a chance to the Consultant to come back with another great story involving the words "very shortly" "great potential" "soon" and so on and so forth.
You noticed that video posting is not as active as it used to be, meaning that they don't have anything to show, no shipments, no nothing. Imagine for a minute if they had 15 M$ handy, how active they would be on the video. Not the case.
Simco, 3 rd shift, buffings shipment, new videos
Following up on the 15 M$ part of the 400 M$...
Do we know if Simco exists ?
Are we producing 3 shifts now ?
Did we have new shipments to NSS ?
Did W6 post any new videos showing frantic activities generating zillions in greenbacks ?
Wassup ??
Sometimes down to earth questions are the toughest to answer...
Who is Simco Group ?
Do they have a web site and they lend 15 M$ ? What other financing have they done ?
Again what are the net proceeds ?
I found a website from Quebec gvt listing companies, several Simco come out, one seems to be related to financing.
https://ssl.req.gouv.qc.ca/slc0110_eng.html
Also couldn't find them in the Canadian Venture Capital Association membership
http://www.cvca.ca/membership/directory/
Target no 1 achieved !
This is the only tangible good news for MDOR in a while.
Would call for a congratulation !
What will be the net proceeds to MDOR ?
Any finders fee ? if so to who
Any commissions, if so to who ?
Is this disbursed in one tranche ?
Are there disbursements on milestones ?
Any ratios to be respected ?
Any guarantees to offer (equipment as collateral)
Who is Simco Group (Frank Simola) ?
FINANCING ??? HELLO ???
MDOR is heavily underwater,
No dates as to closing of a financing
How realistic is the consultant, talking about all these projects that look good on paper, but they have no cash to do them.
Did anyone actually count for how long they have bee trying to get financing ?? Why can't they close ?
NITE in selling mode ?
NITE has been historically the most active MM on MDOR.
Noticed lately how they are in seel mode rather than buy mode ( offer at 0,11 ) Someone has too much shares, even if they are at 0,28. Wonder who could this be...
Thanks Richie for the update.
Which manufacturer are we talking about : Artech, the original german supplier ? Are they the one who will be supplying the new up to specs equipment ? If not who will be ?
If I recall correctly the relationship with Artech stopped abruptly and doesn't seem to be on anymore.
This explains part of the problem, for which the company cannot produce the kind of grind required for the Maylaisian mystery process ( I would bet it is the Green Rubber Technology under license) and this causes delays.
The guy who bought this equipment worth many million dollars ( I suppose ) and did not bother inspecting them before shipment, know nothing about operating a manufacturing business. The main shareholder took care of buying the equipment if I recall correclty, as a consultant....and the company still pays him....
Then Mak seems to confirm the worse, the company can't pay for 3 shifts of production. Which leads to the following questions, will the current shareholders inject $ so that production is ramped up, OR , as another poster indicated, is it that the current contract with NSS isn't holding anymore. Mak you seem to be in God's secrets, what is the situation ?
Thanks
Contracts announcements...
Indeed if they had a contract to announced with powdered rubber it would be great, as long as they had all the equipment required for production, which they have not.
Such an announcement today would be ludicrous and probabably catastrophic for the credibility of the company, which is under high pressure as you probably noticed.
Probably that a simple announcement of the production ramping up and cash coming in would be a simple but highly considered announcement.
Add to that "ZE" announcement, badly needed IMO, of a credible financing that would allow survival of MDOR, would even be better, if MDOR can not be self sufficient by delivering on buffings to NSS.
Sorry if to bring your hopes down,
This company has to be back to a more down to earth business mode...I hope they can achieve this.
"funding is announced"
When will it be announced ?
Been waiting for 6 months for such an announcement.
About time. The company, according to latest 10Q, desperately needs it !
Has any temporary loans been contracted in the mean time ?
If so, should'nt they be disclosed ??
JG did nothing criminal,
In fact he's doing nothing at all.
Boux seem's to be a dynamic chap, and should be promoted as the CEO IMO.
This is prob why JG does not appreciate shareholders contacting Boux directly, he sees him as competition.
At least with Boux, it appears that you have reals answers to real questions, this is refreshing.
This company is cash tight, where is the financing ?
This is the single most important issue for MDOR.
Are the 3 shifts in operation now ?? They got the multi zillions dollar contracts and can't respect it. Are there any risks that the buyer cancel the contract for non respect of delivery ??
Many posters don't realize this but fhis is a do or die sutiation for MDOR.
NASD must have found something :
Found on FINRA.ORG...
Individuals Suspended Pursuant to
NASD Rule Series 9554 for Failure to
Comply with an Arbitration Award or
Settlement Agreement
(The date the suspension began is listed
after the entry. If the suspension has been
lifted, the date follows the suspension
date.)
Chad Austin Curtis
Ft. Lauderdale, Florida
(February 6, 2008)
Not criminal though...
But says something about the ethics of the guy.
"share price was intentionally lowered"
to $0.15/share in order to allow the issuance of 29 million shares
Do you mean : Intentionaly lowered, as in share manipulation ?
Nov 17 closing 0,45
Nov 18 closing 0,15
Nov 19 closing 0,45
Does this king of action of interest to the SEC ?
One year ago
I read the posts from back then.
Same concerns, same results.
Apparently this was 3 rd attempt for Chad to get a rubber company public, intec, intech and finally inteso. Even the last one failed for shady reasons. This was a deal that a indicted man at SLBJ had, and that Chad took over.
Would be nice if the old guys came back to this board and tell us if what is happening today is a surprise to them.
Ritchie, you are right in saying that the company never delivered what they had promised. These positive posts are used to keep the s/p alive, so one can sell his shares.
Richie, however my friend, you have to stick to the 10 K and the 10Q when talking about real numbers, situation is, I agree with you, extremely bad.
Creditors controlling MDOR
Short term cash flow is the problem
373 $ in cash
5647 $ in receivable
604 656 % in credit margin and payables
If one of the creditors decides to pull the plug, this is over.
The company relies on notes and loans from existing shareholder (s) as per 10Q. Wonder why using notes and loans.
Probably that it is not worht it buying shares when (a) one can get a whole bunch of shares cheap (ie huge dilution)and (b) one judges share are too expensive.
Capital financing becoming urgent. Is JG the right person ? The guy was late in all he had to do so far, will probably be late to own funeral... Why is he still there ? JG should stop yakking about huge JV, new projects and BLA BLA BLA, and concentrate on financing, or else.
Board of directors of this company is 1 man. New investors usually don't like that.
Newbies, do yourself a favour and ask your accountant about the current MDOR.
Ritchie, you have all the basics right, however just be carefull with the numbers.
Surf, what is your conclusion about cashflows ?
or unsubstantiated positive, don't you think ?
Marking-the-close ?
0.505 100 OBB 15:58:42
0.43 5000 OBB 14:51:10
Did they mention when they expect to file 10Q ?
Any shareholder meeting soon ?
Any directors resolution authorising all the dilution ?
Is this nugget equipment ordered, and for how much ? Would be surprised it is, didn't see no PR
If no why ?
Is the first equipment received from Spreelast useless ?
Is subcontracting nuggets costing MDOR money, or MDOR making money, or is it neutral ?
What volume of nuggets is being shipped by the subcontractor, since when and at what price ?
Will the 10Q be filed tomorrow, last grace day, along with the 10K ?
This is indeed on the positive side !
Money coming in, this is a celebration !
By the way, what happens to the buffed tires afterwards ?
MDOR great at recycling...news !
Found on FINRA.ORG...
Individuals Suspended Pursuant to
NASD Rule Series 9554 for Failure to
Comply with an Arbitration Award or
Settlement Agreement
(The date the suspension began is listed
after the entry. If the suspension has been
lifted, the date follows the suspension
date.)
Daniel Scott Bookout
Greenwood, Indiana
(February 1, 2008)
John Edwin Craine
Lexington, Kentucky
(February 6, 2008)
Chad Austin Curtis
Ft. Lauderdale, Florida
(February 6, 2008)
Inspiring...
Patented ?
Just describe the supposed cutting edge technology.
Simple question....desserves simple answer.
Just read the NY post economic section, or Wall Street journal for that matter, maybe not available in Fla.
Recession is a word coming out quite often nowadays...
This a personnal attack !!!!
Let's do a count :
USA : Head office Florida 1 CEO and 1 consultant (guesstimate)
personnally I like when the CEO is at operation plant, see no value elsewhere.
Canada : 4 buffers in operation ( approx 5 people from the videos) a line of crunchers probably not working (no sensational videos, receiving of equipment announcements but nuggets made in canada shipping announcements ) guesstimate
Malaysia : please let us know that they are more than Goppy and friends ?
New plants announcements : translate into we'd like to do this, as long as we get the $
Impressing.