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foxy...where in that post to you read I said news next week? Read it very carefully before you make comments about you getting mad. It would nice if you apoligized to me in public. Your comment was not appreciated.
Also Ron1498 dumped his shares and has turned from a pumper into a basher...yesterday he was pumping all over RN threads and taking posts from my club posting them and was kicked out because he broke my rules.
Thank you,
Willy
nope
Willy
no news...what a surprise...
I sold a few more shares today. I looked at the money I had in this deal, then looked at the past, then look at fwankies track record and sold a few more shares. Way to much monetary exposure...I was thinking I was a total idiot.
Thank you,
Willy
fungy...I don't recommend anyone buy stocks. You can lose all your moeny if you gamble in the stock markets. From time to time I write "watch this stock". :):):) lol
Thank you,
Willy
MAGR is coming into play and so is QBID...
Thank you,
Willy
Readers Caution: This writer/owner is not a licensed investment advisor or analyst nor does he give out buy, sell or hold advice to anyone. The writer or owner of this site , its employees and affiliates are not associated with any NASD or NYSE member firm. No analysis has been made by this writer about the financial condition of any business contained within this site or other factors about the Companies which may appear in the reviews or articles contained herein. The information contained herein is based upon sources I consider reliable but is not guaranteed. Any sales and or earnings forecasts included herein were obtained by and/or from audited financials and/or news releases and unless otherwise stated are not endorsed by the writer. The writer/owner, therefore, makes no guarantee as to the reliability of such information. The reviews or articles are not a solicitation to purchase or hold or dispose of stock securities of a Company reviewed. Readers should consult with their attorney or own independent tax, business and licensed financial advisors with respect to any investment opportunity, including any contemplated investment in the Company(s) that are written about. All information concerning a Company herein and contained in a review or article or any part of this web site should be verified independently by an attorney, with such company and an independent licensed securities analyst. Investments in small cap companies are generally deemed to be highly speculative and do involve substantial risk, making it appropriate for readers to consult with professional investment advisors and to make independent investigations before acting on information published by WillyWizard.com. Investment in small cap companies could prove to be high-risk investments with the result of loss of part or total principal investment. Past performance is not necessarily an indication of future performance. Each individual investor must determine for his or herself how much profit or loss they feel comfortable with. This site makes no representation that any account will, or is likely to, achieve profits or losses similar to those shown. Lastly, many states have established rules requiring the approval of a security by a state security administrator for securities sold on the NASDAQ Small Cap Market and the OTCBB market. These rules are referred to as 'blue sky laws' and the first modern state blue sky law was adopted in 1911 in Kansas. The term "blue sky" referred to speculative schemes that, in the words of a judge of the period, had no more substance than so many feet of "blue sky." The Kansas law served as the nationwide model for state regulation of securities offerings and the licensing of broker dealers and their agents. Check with http://www.nasaa.org/bluesky/ and call your State security administrator to determine whether a particular security is licensed for sale in your state.
OTCBB (Over the Counter Bulletin Board) often involve low-priced, thinly-traded stocks. It is possible or even likely that moderate subscriber activity can artificially increase the price of the stocks selected. These emails are not a solicitation to buy and should only be viewed as informational emails. This site makes no representations, warranties or guarantees as to the accuracy or completeness of the statements made regarding the companies or stock purchases mentioned on this web site. This site does not warrant or make any representations regarding the use of or the results of the use of the materials on this web site in terms of their correctness, accuracy, reliability, profit or otherwise. The ideas and information provided here do not necessarily represent those of the owner. The writer/owner does hold positions in many securities mentioned at this web site and in ALL e-mails. The writer/owner reserves the right to increase or decrease his ownership interest in the securities owned at any time. This writer/owner does reserve the right to trade in and out of securities he holds, sometimes daily and sometimes multiple times per day. Therefore the actual listed share amounts held could be less then listed as compensation for a profile at this web site. The web site owner has entered into a Consulting Agreement with Magnum d'or Resources, Inc. The purpose of the Consulting Agreement is to advance the interests of the Corporation, assist with support services for business development and enable the acquisition of larger personal proprietary interests in the Corporation. The owner has received 200,000 restricted #144 shares from Magnum. At this time, 02/15/04, the owner does hold 100,000 common shares purchased from Generator Capital Corporation. The owner does hold, at this time 2/15/04, 500,000 common shares of MAGR purchased out of the market. The owner holds 250,000 #144 shares of CVIA at this time. This is in compliance with SEC Rules and Regulations. The owner holds 100,000 #144 shares of MRXT issued in March of 2003 for a company profile at his web site. This is in compliance with SEC Rules and Regulations. The writer/owner will be trading in and out of all common shares held and does reserve the right to increase or decrease his ownership interest in the securities owned at any time without announcing sells or buys. This writer/owner does reserve the right to trade in and out of securities he holds, sometimes daily and sometimes multiple times per day. Therefore the actual listed share amounts held could be less then listed within this profile disclaimer.
MAGR is worth watching...huge volume Friday.
Thank you,
Willy
ST...you have no clue what I am and I would'nt want to be you that's for sure.
Willy
ST, are you that stupid you can't put all those one liners together in one post. What I just read was worse then anyone spamming...looks like RB here and you are the new leader of spam bashing.
Willy
ST,
you're an idiot but at least you looked at what you and others bashed when you called me names last year. CVIA will do the same as those are now doing.
AND SOON!
Willy
John I have to have some fun with you lol I LOVE YOU MAN!!! lol
Willard
John...don't want to burst your bubble you just blew but Willy started this thread and turned it over to JC. :):):):) Now that's not a Johnny bubble that can get a burst LOL. BTW this an't bubble gum bubbles either ROFL
QBID should be a gapper Monday.
Yaaaa Babyyyyy
Thank you,
Willy
:):):):):)
Willard
Niz...Good job! I mean that seriously.
You should let me back in your site...lol There is another one about to roll bigtime :):).
Thank you,
Willy
Niz...why did you buy QBID? Who told you to "Watch QBID"....and you booted him for your RB thread...shame on you. lol
Like I have always said it's a POS stock but it did have potential. Remeber those days?
Thank you,
Willy
JC, I am doing fine...sold a few QBID shares but still hold about 1/2 of my shares. Looks like this one might have more legs then I previously thought.
LOL LOL Those posters at RB are going balistic...or should I say they are euphoricly nuts.ROFLMAO
Thank you,
Willy
JC...I love your "stop hillary button".
Willy
johnson...the SEC should take a look at him...people should be very careful who they throw stones at.
Thank you,
Willy
johnson, All I ever read was pumping positive happening back and forth with other company insiders on a public message board using no disclaimer.
Willy
johnson..he posted on RB from what I gathered in my DD...otherwise he was very over paid. LOL
Willy
Clay...glad you chnaged your mind.
Willy
MAGR is worth watching.
Willy
Clay1999...let the weak sell so the strong survive.
Thank you,
Willy
:):):):):):)
Willy
BTW would one of you moderators please update the entry to this thread...you are two years behind...reads rather bad imo.
Thank you,
Willy
James...life is good to Willy.
Willy
James...I don't laugh at anyone except you.
Willy
James so you think this was a bad move? Looks like a very good movt imo...I think all you whinners better read this closer. Ask why they are cleaning up the company?
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 5, 2002
CORPORATE VISION, INC.
(Exact name of registrant as specified in its charter)
Oklahoma 0-18824 73-1380820
(State or other jurisdiction of incorporation) (Commission file number) (I.R.S. Employer Identification Number)
3 Broad Street, Suite 3A
Charleston, South Carolina 29401
(Address of principal executive offices) (Zip Code)
(843) 534-1330
(Registrant's telephone number, including area code)
Item 1. Changes in Control of Registrant.
Not applicable.
Item 2. Acquisition Or Disposition Of Assets
On August 8, 2003, Stony's Trucking Company ("Stony's"), a wholly-owned subsidiary of Corporate Vision, Inc. (the
"Company"), entered into an Asset Purchase Agreement under which Stony's sold substantially all of its assets to Filbin
International, Inc. ("Filbin"), including office equipment, furniture, fixtures and equipment, customers, agent
relationships, and tradenames. The assets sold consisted generally of the Company's trucking operations, excluding any
trucks or trailers used in the trucking operations. The purchase price for the assets consisted of $250,000 cash, and
contingent payment equal to two percent (2%) of revenue from the trucking operations for a two year period from February 1,
2004 to January 31, 2006. The purchase price did not include the assumption of any liabilities of Stony's or its
subsidiaries. However, Filbin can pay certain presale liabilities to the extent necessary to ensure smooth operations
following the sale, and in that event the amount of contingent payments will be reduced by the amount of debt paid. The
Company, Stony's and both directors of the Company indemnified Filbin against any claims or liabilities arising prior to the
sale.
Pursuant to the Asset Purchase Agreement, Filbin entered into a management agreement with GJG Management, LLC to perform
management services for Filbin for one year following the date of the sale. GJG Management, LLC is owned and controlled by
Gregory J. Gibson, the Company's chief executive officer and a director of the Company. In addition, Filbin agreed to lease
a building in Youngstown, Ohio out of which Stony's operated from Mr. Gibson for $7,500 per month for six months. The
Company retains ownership of certain trucks and trailers, which will be utilized as part of Filbin's fleet, subject to
Filbin's standard terms and conditions.
The Company's decision to sell its trucking operations was necessitated by operational and financial difficulties caused by
the Company's difficulties in funding its operations under its factoring line of credit with Systran, which had resulted in
a loss of business and declining revenues. As a result, the Company has decided to focus its operations on its waste hauling
operations operated through its CV Transportation, Inc. subsidiary.
Item 3. Bankruptcy or Receivership.
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not applicable.
Item 5. Other Events and Regulation FD Disclosure.
Amendment of Environmental Energy Services, Inc. Stock Purchase Agreement
In September 2002, the Company entered into a Stock Purchase Agreement (the "EES Agreement") to sell up to 20,000,000 shares
of its common stock to Environmental Energy Services, Inc. ("EES") (OTCBB: EES) for $0.125 per share, for a total purchase
price of $2,500,000. Under the EES Agreement, as modified in April 2003, EES is obligated to purchase such common stock from
payments it is entitled to receive under a royalty agreement, with the amount of each payment being equal to the amount of
the royalty payment less amounts used to satisfy prior liens on the royalty agreement. EES granted the Company a security
interest in EES's interest in the royalty agreement to secure its obligation to purchase the shares. An advisory board
member of the Company is the chairman and chief executive officer of EES, and owns shares of common stock in the Company.
To date, the EES has paid the Company $1,672,947.50 to purchase 13,383,580 shares of common stock of the Company under the
EES Agreement. On April 7, 2003, the Company loaned EES $844,483.16 pursuant to a promissory note dated April 7, 2003 which
bears interest at five percent (5%) per annum, and is secured by a lien on EES's interest in the royalty agreement. In
connection with the loan, the Company and EES agreed that all distributions under the royalty agreement to which the Company
is entitled shall be applied in the following manner: first to the payment of costs, interest and principal due under the
April 7, 2003 Note, second to the purchase of additional shares of Company common stock under the EES Agreement, and third
to the purchase of shares of Gulftex common stock from the Company under the Gulftex Agreement (see below).
EES has the right under the EES Agreement to terminate its obligation to purchase shares in the event there is a materially
adverse change in the business or financial condition of the Company. On August 13, 2003, following the sale of the
Company's trucking operations (see Item 2), EES sent the Company a letter notifying the Company of its decision to terminate
its obligation to purchase shares of the Company's common stock under the EES Agreement. Following the receipt of the letter
from EES, the Company and EES renegotiated the EES Agreement, the material terms of which are as follows:
o EES shall be deemed to have purchased all shares of common stock purchased to date (13,383,580 shares) for all payments
made to the Company to date, net of amounts loaned back to the Company by EES. That results in a total purchase price
for the shares already purchased of $905,535.13, or $0.0676601 per share, instead of $0.125 per share as specified in
the original EES Agreement. As a result, the Company agreed to cancel the April 7, 2003 note from EES in the original
principal amount of $844,483.16.
o EES agreed to use $1,100,000 of payments from the technology royalty to purchase additional shares of common stock from
the Company on the following schedule: $20,000 from the royalty payment due for the quarter ended June 30, 2003; and
$60,000 from the royalty payment due for all succeeding quarters. The purchase price of each share purchase will be the
greater of $0.09 per share or the average market price of the Company's common stock for the five days preceding the
receipt of each royalty payment.
o EES no longer has the right to terminate its purchase commitment based on an existing or future material adverse change
in the Company's business or financial condition. Instead, EES only has the right to terminate its purchase commitment
in the event the Company fails to deliver certificates for any installment purchase to EES prior to the due date of the
next installment, or if the Company has a custodian, receiver or trustee appointed for it or a substantial part of its
assets, or if the Company voluntarily commences any proceeding under any bankruptcy, reorganization, arrangement,
readjustment of debt, dissolution or liquidation law or statute of any jurisdiction, or an involuntary proceeding is
commencement and not dismissed within ninety (90) days.
Amendment of Gulftex Energy Corporation Stock Purchase Agreement
In December 2002, the Company entered into another agreement (the "Gulftex Agreement") with EES, under which EES agreed to
utilize amounts it receives under the above-described technology royalty to acquire certain shares of common stock in
Gulftex Energy Corporation, n/k/a Gulftex Partners, Inc. ("Gulftex") that the Company received from the sale of a subsidiary
to Gulftex. EES granted the Company a security interest in EES's interest in the royalty agreement to secure its obligation
to purchase the shares.
EES also has the right to terminate its obligation under the Gulftex Agreement to purchase shares of Gulftex common stock
from the Company in the event there is a materially adverse change in the business or financial condition of Gulftex. EES
notified the Company of its decision to terminate its obligation to purchase shares of Gulftex common stock from the
Company. Following the receipt of the letter from EES, the Company and EES renegotiated the Gulftex Agreement. The material
change effected by the amendment was to defer EES's obligation to begin purchasing the Gulftex common stock until the
royalty payment for the quarter ended December 2005.
Exercise of Buyback Agreement
On March 5, 2002, when the Company purchased Stony's from Gregory Gibson ("Gibson"), the Company and Mr. Gibson executed a
right of rescission agreement, under which each had the right to rescind the acquisition under certain circumstances until
December 31, 2002. In the event the acquisition was rescinded, then Mr. Gibson would receive all shares of Stony's common
stock, and would be obligated to return all consideration received by him for the Stony's shares, which included 20,000,000
shares of common stock of the Company, $50,000 cash, and all amounts received by Gibson under a Cognovit Promissory Note in
the original principal amount of $150,000.
On December 31, 2002, at the scheduled expiration date of the rescission agreement, Gibson and the Company executed a
Buyback Agreement, which granted Gibson the right to repurchase Stony's from the Company in consideration for the return of
all consideration received by Gibson for Stony's, which included 20,000,000 shares of common stock of the Company, $50,000
cash, and all amounts received by Gibson under a Cognovit Promissory Note in the original principal amount of $150,000.
On August 11, 2003, the Company and Gibson executed an agreement under which Gibson repurchased Stony's. The Company and
Gibson agreed that Gibson would pay the buyback consideration as follows:
o Gibson's obligation to pay the Company $96,250 in cash would be applied against a Company subsidiary's obligation to
Gibson in the amount of $164,735, leaving a balance owing Gibson of $68,485;
o Gibson's obligation to return 20,000,000 shares of Company common stock to the Company would be satisfied by the return
of 17,792,998 shares of common stock to the Company and the cancellation of $68,485 that was owed Gibson by a
subsidiary of the Company.
In addition, the agreement between Gibson and the Company provided that Gibson's employment agreement with the Company would
be terminated. However, Gibson remains a director and chief executive officer of the Company. Finally, because Gibson's
shareholdings are less than 5% of the outstanding shares, the Stockholders' Agreement Concerning Corporate Vision,
Inc. dated March 5, 2002 by and among Gibson, the Company and Global Eco-Logical Services, Inc. automatically terminated
pursuant to Paragraph 2.6(b) thereof.
Settlement of Claims Against Stony's Trucking Co.
On August 11, 2003, the Company entered into a settlement agreement with Stony's and an agreement with Gibson to settle the
Company's claim against Stony's for $432,361.27 in advances made to Stony's. Under the agreements, Gibson agreed to pay the
Company $250,000 from the proceeds of the liquidation of certain receivables of Stony's that Gibson had a prior lien on to
secure advances he had made to Stony's. To satisfy the balance of the advances, Stony's assigned the Company its interest in
a royalty stream payable by Filbin of the Stony's assets from the revenues generated by the assets. The royalty is equal to
2% of revenues generated from the operations of Stony's for the period from February 1, 2004 to January 31, 2006, and is
subject to potentially substantial offsets by Filbin.
Establishment of CV Logistics, Inc.
In 2003, the Company formed a new subsidiary named CV Logistics, Inc. The subsidiary was formed to acquire the trucks and
trailers owned by Stony's that were not sold to Filbin. The subsidiary currently operates the trucks on an agency basis for
Filbin and for the benefit of CV Transportation, Inc., the Company's waste hauling subsidiary. The trucks and trailers are
currently subject to indebtedness to Key Bank in an amount in excess of their fair market value and that is in default. The
Company is in negotiations with Key Bank to restructure its indebtedness, but as of the date of this Form 8-K no definitive
agreement has been reached.
Item 6. Resignations Of Directors And Executive Officers.
Not applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Businesses Acquired: Not applicable.
(b) Pro Forma Financial Information: Not applicable.
(c) Exhibits: None.
Item 8. Change in Fiscal Year.
Not applicable.
Item 9. Regulation FD Disclosure.
Not applicable.
Item 10. Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics.
Not applicable.
Item 11. Temporary Suspension of Trading under Registrant's Employee Benefit Plans.
Not applicable.
Item 12. Results of Operations and Financial Condition.
Not Applicable.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
Date: January 12, 2004 CORPORATE VISION, INC.
/s/ Gregory J. Gibson
Gregory J. Gibson, Chief Executive Officer
Jmaes....read between the lines. You seem to be good at that.
Willy
James...I enjoy playing with guys like you. LOL
Willy
James...nobody tells me to do anything...Your posts aren't worth responding to most of the time. Although I did like one of the more recent explanations but didn't totally agree with it.
Willy
James...there you go again writing with baseless questioning...You were good at this at RB and it hasn't stopped. So what was factually incorrect with my last post. The post was referenced to your convoluted post about why a dead company should dilute shareholder value to gain shareholder confidence.
Let me ask you this...should a company always buy off disgruntled shareholders with stock? The company was dead and the company caused harm so to offer to buy off shareholders is proper?
Thank you,
Willy
excel..it's so simple but so hard...I have a long long way to go myself.
Thank you,
Willy
James are you serious, "at the time made sense in order to prove that he was serious about rehabilitating CVIA as a real company and investment."
Dilution for rehabilitating shareholder assurance a dead company was still alive...what a joke.
Willy
> God Lives Under The Bed ...
>
> Don't start reading this one until you've got more than 3 or 4 minutes to just "scan" over it. It deserves some time for reflection.
>
> I envy Kevin. My brother Kevin thinks God lives under his bed. At least that's what I heard him say one night.
>
> He was praying out loud in his dark bedroom, and I stopped outside his closed door to listen. "Are you there, God?" he said. "Where are you? Oh, I see. Under the bed."
>
> I giggled softly and tiptoed off to my own room. Kevin's unique perspectives are often a source of amusement. But that night something else lingered long after the humor. I realized for the first time the very different world Kevin lives in.
>
> He was born 30 years ago, mentally disabled as a result of difficulties during labor. Apart from is size (he's 6-foot-2), there are few ways in which he is an adult. He reasons and communicates with the capabilities of a 7-year-old, and he always
> will. He will probably always believe that God lives under his bed, that Santa Claus is the one who fills the space under our tree every Christmas and that airplanes stay up in the sky because angels carry them. I remember wondering if Kevin realizes he is different.
>
> Is he ever dissatisfied with his monotonous life? Kevin is up before dawn each day, off to work at a workshop for the disabled, home to walk our cocker spaniel, return to eat his favorite macaroni-and-cheese for dinner, and later to bed.
>
> The only variation in the entire scheme is laundry, when he hovers excitedly over the washing machine like a mother with her newborn child.
>
> He does not seem dissatisfied. He lopes out to the bus every morning at 7:05, eager for a day of simple work. He wrings his hands excitedly while the water boils on the stove before dinner, and he stays up late twice a week to gather our dirty laundry for his next day's laundry chores.
>
> And Saturdays-oh, the bliss of Saturdays! That's the day my Dad takes Kevin to the airport to have a soft drink, watch the planes land, and speculate loudly on the destination of each passenger inside. "That one's goin' to Chi-car-go!" Kevin shouts as he claps his hands. His anticipation is so great he can hardly sleep on Friday nights.
>
> And so goes his world of daily rituals and weekend field trips.
>
> He doesn't know what it means to be discontent. His life is simple. He will never know the entanglements of wealth or power, and he does not care what brand of clothing he wears or what kind of food he eats. His needs have always been met, and he never worries that one day they may not be. His hands are diligent. Kevin is never so happy as when he is working. When he unloads the dishwasher or vacuums the carpet, his heart is completely in it. He does not shrink from a job when it is begun, and he does not leave a job until it is finished. But when his tasks are done, Kevin knows how to relax.
>
> He is not obsessed with his work or the work of others. His heart is pure. He still believes everyone tells the truth, promises must be kept, and when you are wrong, you apologize instead of argue. Free from pride and unconcerned with appearances, Kevin is not afraid to cry when he is hurt, angry or sorry. He is always transparent, always sincere. And he trusts God.
>
> Not confined by intellectual reasoning, when he comes to Christ, he comes as a child. Kevin seems to know God - to really be friends with Him in a way that is difficult for an "educated" person to grasp. God seems like his closest companion.
>
> In my moments of doubt and frustrations with my Christianity, I envy the security Kevin has in his simple faith. It is then that I am most willing to admit that he has some divine knowledge that rises above my mortal questions. It is then I realize that perhaps he is not the one with the handicap - I am. My obligations, my fear, my pride, my circumstances - they all become disabilities when I do not trust them to God's care. Who knows if Kevin comprehends things I can never learn? After all, he has spent his whole life in that kind of innocence, praying after dark and soaking up the goodness and love of God. And one day, when the mysteries of heaven are opened, and we are all amazed at how close God really is to our hearts, I'll realize that God heard the simple prayers of a boy who believed that God lived under his bed. Kevin won't be surprised at all!
>
> When you receive this, say a prayer. That's all you have to do. There is
> nothing attached. This is powerful. Just send this to four people and do not break
> this, please. Prayer is one of the best free gifts we receive.
>
> There is no cost, but a lot of rewards.
>
> FRIENDS ARE ANGELS WHO LIFT US TO OUR FEET WHEN OUR
> WINGS HAVE TROUBLE REMEMBERING HOW TO FLY
James...he probably didn't convert them because of the methods used to issue them were misleading...you were his consultant weren't you?
Willy
Tuna...I am glad you don't like me but it's your own tough luck you bought QBID and have lost.
As far as MAGR goes my club emmbers were buying at .043 and so was I!!! We have all made some serious money trading and holding this little Gold/Copper play.
Tuna I suggest you stay with listed stocks...that is what you said at RB today. I don't think you will find many plays on this thread that are suited for your style of investing.
Good luck
Willy
I am still around and so are the stocks I have held in the past. Some are ok and one, qbid, was a debackle but you never know what might happen.
Willy
MAGR Gold/Copper Profile to my Yahoo Club
If you are receiving this email and no picture graphs are present you may go to http://willywizard.com to view graphs.
Profile Source: http://www.willywizard.com/Profile-MAGR.htm
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WillyWizard.com Profiles
(OTCBB: MAGR)
Company Information
Name: Magnum d'Or Resources Inc.
Symbol: MAGR
Exchange: OTCBB
Shares Issued: 94,782,000
Transfer Agent: Holliday Stock Transfer Inc.
2939 N 67th place.
Scottsdale, AZ, 85251
Company Overview:
Magnum d'Or Resources Inc.(MAGR-OTCBB) is a junior resource exploration and development company which primarily seeks precious and base metal resource deposits. Recently Magnum acquired an option of a 100% possible interest on an excellent gold-copper property in Mongolia. The property, named the Shandi property lies in an excellent geological region, it borders the famous Ivanhoe Mines as well as International Uranium Corp. The Shandi property hosts potential with the Undershil Deep Fault which is known to be the most popular fault in Mongolia for significant gold discoveries. Magnum has further expanded it's potential in the area through interests in two properties adjacent to the shandi property.
Shandi Property
The Shandi property is located in the Dundgobi province near the town of Undershil just North of Ivanhoe Mines, Shuteen gold Target. The Shandi property is situated on the Northeast border of Ivanhoe Mines as well as the East border of International Uranium Corp.
The license areas on the Shandi Property previously explored by the Mongolians, showed significant potential for select precious and base metals. The property's primary interest is hydrothermal lode gold mineralization as well as copper.
Region/Infrastructure
Topographically, the territory of the property lies in the Mongolian Highland, which presents the transitional zone between Hangai, Hentey Mountains and Gobi Lowland. The territory is a gently rolling plain with scattered remnant hills. Approximate elevation is 1000 -1100 meters above sea level. The landscape of the area is near to semi desert, there are more wide valleys between topographic highs which are elevated gently.
The climate is sharp, continental and dry. Warmest season lasts from the mid of June to the mid of August. The coldest season last from the mid of December to the mid of January. The season that allows people to perform field jobs last from late February to November. The soil in the area is typical Gobi-brawn and the grass cover is rather diverse throughout the region. There are no rivers and springs, however there are many water wells of hand and mechanical types. Climate of the area is dry, so all roads of the area are useful during all seasons.
Nearby Claims overview map
Geological Setting
The licensed areas are located near the Trans - Mongolian Tectonic line. The Central part of the property represents the Undershil deep fault, which it is separating two extremely different folded buildings of Caledonids to north and Variscides to south. By the recent terrain analysis two types of terrain were found, Dundgobi and Undershil Basin.
Previous work on the licensed areas was divided by two metallogenic belts, named as the Dundgobi-Buyant and the Suhbataar where our property is mainly situated, both these belts are situated by the Undershil deep fault. The Undershil deep fault is considered to be the most significant structure for gold mineralization of this region. In the Suhbaatar metallogenic belt overlaying the south and main portion of our property there was evidence for manganese and hydrothermal lode gold Mineralization. The Dundgobi-Buyant metallogenic belt which overlays the North end of the property an endogenous mineralization was widely determined. Dominated ore mineralization types are fluorite, base metal, iron and precious metals.
Mongolia
MINERAL RESOURCES AND MINING INDUSTRY
Mongolia is rich in many types of mineral resources which will be of interest to international investors.
Over 6,000 deposits of 80 different minerals have been discovered. Over 160 deposits out of 400 surveys deposits are being exploited. A further 170 deposits of construction materials, such as granite and marble also exist, of which 35 are now being worked and 90 are in the process of development.
In the past Mongolia was not able to develop or exploit discovered mineral resources because of a lack of infrastructure and capital investment. Since 1973, Mongolia, with financial and technical assistance from Eastern European countries, has set up and operated joint ventures to explore and develop major deposits of gold, copper, molybdenum, uranium, coal and fluorspar.
Mongolia is now becoming one of the largest producers of several of these metals and minerals. Mongolia produces nearly 15% of the world's fluorspar and is a major producer and exporter of copper, molybdenum and uranium.
Gold, silver, tungsten, tin and precious stones mines are typically small-scale operations, but some of these are planned for expansion. Nearly half of the gross industrial output and 60% of the country's export earning come from the mining sector.
The Mongolian Government has adopted a package of long-term programs to explore and develop large promising mineral deposits such as gold, silver, oil, coal, copper and other metals and minerals.
Mining operations are mostly state owned but foreign investment in a wide range of industries is openly invited, especially in exploration, extraction and processing of Mongolia's mineral resources. The World Bank has funded a mining and minerals sector's study. It is also reviewing present and potential mineral operations.
The Mongolian National Geological Organization, the Mongolian Joint expedition with the socialist countries, and the International Geological Expedition "IGE" have worked on the territory of Mongolia since 1963. These agencies have produced a wealth of geological data and more than 4,000 reports.
The entire has been mapped geologically at a scale of 1:1,500,00, much of the country to 1:1,000,000 and 1:50,000, and selected areas to larger scales. Gravity, aeromagnetic and geochemical data are also available.
GOLD
Mongolia is blessed with a number of important gold deposits which will be developed in joint ventures with new international partners. Substantial proven reserves of both primary and placer gold exist. Most primary deposits are goldsulfide quartz veins, while secondary gold is found associated with copper molybdenum, copper-pyrite, polymetallic, silver and rare metallic ores.
The Mongolian Government adopted a Gold Industry Development Program aimed at increasing existing gold production by more than ten times over the present level and creating a gold refining capability. Current major mines in development will dominate in the future.
The Boroo deposit measures up to 700m long at the surface and extends 150-300m down dip. The ore bearing zone is 20-40m thick averaging 3-4 gm/t gold. Initial measurements indicate a resource of 40 tons of gold with some silver. Other gold deposits situated near Boroo include those at Narantolgoi, Sujigtei and Tsagaanchuluut.
Another gold district soon to be developed is at Zaamar, in the Zaamar hills about 160 km northwest of Ulaanbaatar. Total gold reserves in the Zaamar area are estimated at over 100 tons. Of 150 gold-quartz veins so far explored, twenty are considered commercially exploitable, averaging 20 gms gold. Veins in the hills will be developed as underground mines while the gold in the valleys will be worked as placer operations.
The Bumbat hard rock gold ore area is situated 220 km west of Ulaanbaatar in the Tuul river valley. About 150 veins have been discovered in this area of 45 sq. km, and seven of these investigated in detail. Gold deposits discovered range from 100m to 800m in length, and are 100-200m deep with vein thickness of 0.8-3.2m, averaging 7-30 g/t gold. Reserves discovered at Bumbat are about 17 tons of gold.
Several other gold deposits have been discovered or evaluated in two main districts: at Hentii (free, a Altat, and Zuunmod) in the north and Bayanhongor (Zedin) in the west.
Some gold deposits are operated by the Mongolian-Russian joint venture "Mongolrostsvetmet'' and produce 1.5 tons of gold per year.
The Mongolian-Bulgarian joint venture "Mongol-Bulgarmetal" has been successfully mining and processing the Mukhar Ereg alluvial deposits in Bayankhongor Province since 1981.
SILVER
Two important silver deposits have been discovered in Mongolia: silver-sulfosalts at Asgat, and silver polymetallic deposits at Mongon Ondoriin.
The Asgat silver deposit is located in the northern part of the Mongol Altai mountains at an altitude of 2,700-3,100m, and is about 170 km from Olgii, the nearest town. The length of the silver ore zone is 1.5-12km, with a thickness of 580m, to a depth of 400-500m. The orebody is 0. 8-3.3m thick and averages: 100-450 g/t Ag, 0. 03-0. 09% Bi, 0. 04-0.7% Sb and 0. 19-1.17% Cu.
The ore is easily concentrated and can produce: 82% Ag, 75% Bi, 81% Sb and 84% Cu in concentrates. Preliminary exploration at the deposit has assessed ore reserves as 24. 8 million tons and several similar ore zones have been discovered nearby.
The Mongon Ondoriin deposit is 310 km Northwest of Ulaanbaatar and 200 km from the Baganuur coal mine and railway station near the Ondortsagaan molybdenum-tungsten deposit and 90 km from Berkh fluorspar mine.
The main metals of this deposit average 70 g/t Ag, 0. 09% Sn, 1. 09% Pb and 0. 85% Zn. Estimated metal reserves are about 280,000 tons Pb, 230,000 tons Zn and 24,000 tons Sn.
COPPER
Mongolia's primary copper reserves are located at Erdenetiin Ovoo and Tsagaansuvarga. Chalcopyrite skarns, copper-nickel and sandstone copper deposits also exist, but have not yet been studied in detail. Erdenetiin Ovoo deposit is situated 165 km southwest of Darkhan and both railway and high-voltage lines connect to this deposit. Selective collective-flotation methods are used to concentrate this ore and oxidation and concentration facilities are technically advanced.
The Mongolian and Russian Erdenet joint-venture has been operating since 1981 with a capacity of 20 million tons of copper ore which has expanded 24 million tons. Reserves of this deposit include 7,556,000 tons of 0.8% copper and 400,000 tons of 0.018% molybdenum.
The newest copper-molybdenum project under consideration for development is at Tsagaan Suvarga where the deposit has reserves of 128 million tons of 0.53% copper and 43,600 tons of 0.018% molybdenum concentrate using collective-selective flotation methods have been positive.
Source: http://www.magnumexploration.com
Magnum d'Or Resources Inc. has taken all reasonable care in the preparation and the regular publication of information on this web site. This web site contains forward looking statements about Magnum d'Or Resources Inc. plans for its exploration and development properties, based on the conclusions of management. Magnum d'Or Resources Inc. cautions investors that due to risks and uncertainties, actual events may differ materially from current expectations. The contents of this web site are not and should not be used as a substitute for independent professional advice in making an investment decision, and Magnum d'Or Resources Inc. will not be responsible for any loss or damage arising from the use of this information.
Management
President: Reno J. Calabrigo
B.A. Simon Fraser University 1981, M.B.A. University of Idaho 1983 !984 - 1986 VP Consolidated Cinola Mines LTD, 1987 - 1991 VP City Resources(Canada) LTD, !992- 2003 private investment banking.
Board of Directors
Chairman - John Yee
John Yee - John K. Yee has 15 years experience in the golf and hospitality industries in the United States and Canada. As an independent land developer, Mr. Yee has a multinational background in consulting agreements and joint ventures in the United States, Canada, and more specifically in the Far East. In 1994, Mr. Yee was appointed Director of Goldrush Casino and Mining Corporation ("Goldrush"), a Vancouver Stock Exchange listed company. He then became President and Director of Goldrush during 1995 and 1996, to oversee the business plan of that company.
Reno J. Calabrigo - B.A. Simon Fraser University 1981, M.B.A. University of Idaho 1983 !984 - 1986 VP Consolidated Cinola Mines LTD, 1987 - 1991 VP City Resources(Canada) LTD, !992- 2003 private investment banking.
Kenneth G. Sanders - BASc, P Eng. University of Toronto. As a mining geologist Mr Sanders brings to the board fifty-three years experience in mining and mineral exploration.
Robert Currie - has been active in the public markets for over 20 years as both a director and a private investor. Mr. Currie served as a Board member of both Beaver Resources and Goldrush Casino and Mining. For 15 years, Mr. Currie ran a successful private corporation in logging road construction
Source: http://www.magnumexploration.com
Recent Press Release Recaps
Magnum Receives Compelling Preliminary IP Results
Friday December 19, 8:55 am ET
TORONTO--(BUSINESS WIRE)--Dec. 19, 2003--Mr. Reno J. Calabrigo, President of Magnum d'Or Resources Inc. (OTCBB:MAGR - News), a junior resource development Company is pleased to announce that the Company has received preliminary IP results. The preliminary plan view of the Resistivity Inversion shows a 600m long x 100m wide conductive zone at a depth of 150 meters. This zone is trending north south to southeast and remains open. A coincident conductive magnetic body is evident and is represented by a resistivity low. There is high magnetic susceptibility coincident with the conductive zone, which points towards mineral concentration.
The balance of the geophysics is still being processed and should be available shortly. These preliminary results will confirm additional drill targets on the East or Magnetite Zone and the newly discovered Copper Zone.
Mr. Calabrigo along with the Board and management are very encouraged by the results of the preliminary IP results. Mr. Calabrigo further stated, "Plans are underway to proceed with an aggressive drill program in the spring of 2004."
Entire News Release
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Magnum Proceeds with Financing for Mongolian Properties and Acquisitions
Monday December 15, 6:03 am ET
TORONTO--(BUSINESS WIRE)--Dec. 15, 2003--Mr. Reno CALABRIGO, President -Magnum d'Or Resources Inc. (OTCBB:MAGR - News), a junior resource exploration Company, is pleased to announce that private financing of up to 1 million dollars US has been arranged. The pricing of the financing is $0.25 per share with a one half warrant attached at $0.30 per share for a period of one year. The bulk of the proceeds of this funding will be used for exploration on our existing properties including drilling. Some funds may be used for fortuitous acquisition of other properties that may become available as well as investor relations. "This financing should be considered as a partial funding of our ambitious plans for exploration in Mongolia," said Mr. Calabrigo, "and management is actively working on increasing our financial flexibility with other funding arrangements."
Entire News Release
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Magnum Reports Unusual Sample of Uranium
Dec 03, 2003 09:06 AM EST
MAGNUM d'Or RESOURCES INC. (OTCBB:MAGR)
Website: http://www.magnumexploration.com/
Mr. John YEE, Chairman -- Magnum d'Or Resources Inc. a junior resource exploration Company is pleased to announce that further to the news release dated December 2, 2003, the management would like to report the following:
New Area of Interest... Sample #95477 which was significantly anomalous in arsenic also had our only anomalous assay for uranium. This is quite interesting for our geologists as it may be an indication of a strong polymetallic mineralized environment. Arsenic, (which can be a path finder element for gold) as well as the unusual diversity of metals was detected. In fact, the geochemical signature with such high iron content certainly points the way to the Olympic Dam (Iron Oxide) model of mineralization. The presence of fluorite with strong arsenic, barite, silver with some uranium (also high antimony and boron?) really makes a good case for this deposit type. The felsic rhyolitic tuffs in which the sampling was carried out also makes a prospective host rock for this deposit type. This gives reason for the management of Magnum to express its strong desire to continue exploration in this area.
Magnetite Hill... One of the main areas of exploration was the Magnetite Hill zone. This is an area of intensely silicified and oxidized calcareous meta sediments (micritic marble), belonging to the Lower Silurian age Onoot Tolgoy Formation. This silicified alteration zone contains pervasive variable concentrations of fine-grained magnetite. Concentrations of magnetite vary from disseminations to conspicuous semi-massive bands and streaks. Host-rocks have undergone intense silicification in association with a pervasive network of closely spaced, narrow, anastimosing chalcedonic veinlets. All rock samples taken to date on this zone are consistently anomalous in nickel, cobalt and chromium, assumed to be associated with magnetite. Nickel values vary between 425 to 1636 ppm, cobalt between 41 to 93 ppm and chromium 201 to 495 ppm. There are also significantly higher than background values for silver, platinum, palladium, strontium and vanadium. Anomalous copper values of 5 to 23 ppm Cu occur at this mineral zone. Based on the deposit model currently being investigated increased copper-gold values should be found at greater depths associated with increased potassic and sodic alteration.
Entire News Release
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Magnum Sampling Results Confirm Multiple Mineral Zones. Drill Targets Identified
Dec 02, 2003
Website: http://www.magnumexploration.com/
Mr. John YEE, Chairman -Magnum d'Or Resources Inc. a junior resource exploration Company is pleased to announce that significant surface sampling results have been received from Rio Minerals Inc. (the Contractor) on the recent geological and geophysical work program carried out in Mongolia. Results and location maps will be posted on the website for detailed viewing. There are now four areas of significant interest in the two mineral licenses held under option by the Company.
Magnetite Hill .(Nickel-Cobalt-Chromium) Zone is located in the northeast corner of License No.4767, and has returned sampling results of significant interest for nickel, cobalt, chromium, and the platinum group metals. Seven samples ranged from 0.05 % to 0.133 % and 0.163 % nickel. All samples were anomalous in platinum and palladium. The best values to date were 19 ppb in platinum and 15 ppb in palladium. A large magnetic anomaly that extends ESE for 10 kilometers was previously reported for Magnetite Hill. An IP survey was also carried out and results are pending. Geologists are evaluating a deposit model for Magnetite Hill.
The New Copper Zone . was discovered late in October by Mr. G. Ganzorig, a Mongolian geologist in the employ of Rio Minerals on behalf of Magnum. Two outcrops 100 meters apart were found located approximately 3.5 kilometers southwest of Magnetite Hill. Four surface samples were taken here and the best copper assay obtained to date by all of the work was 0.429 % Cu in this zone of sparse outcrop. The precious metal content is gold -14 ppb, platinum . 2 ppb, and palladium . 8 ppb. The area surrounding the copper showings show conspicuous localized (epidote (+ potassic) alteration suggesting an underlying hydrothermal mineralized system. An IP survey was also conducted over this area. Results will be released when available.
The Copper /Gold Zone . was the location of the best result from the May work program - 0.14 % Cu and 213 ppb in gold. This zone is a separate occurrence from the above zones, and is located in License No.4768, and is approximately 15 kilometers northwest of Magnetite Hill. Ten samples were taken in this area October/November. Once again the best gold result was obtained here - 118 ppb. Sample #95475 returned 6 ppb platinum and 9 ppb palladium respectively.
New Area of Interest . Three samples were taken here in an area located approximately 3 kilometers southwest of the copper /gold zone. These were anomalously higher in iron than any of the other zones - 11.5 % Fe to 19.4 % Fe. The arsenic results were also highly anomalous - 0.17 % As to 0.29 % As. This is an interesting new area, which also shows the highest values in tungsten - 7 ppm and 4 ppm. The precious metals, gold, platinum, and palladium also reported well (8 ppb Pd in Sample # 95467). The second, third, and fourth highest molybdenum values of the 27 samples taken in this latest work program were found here - 10, 8, and 7 ppm. The best zinc values were also found here with a high of 96 ppm. The diversity of the metallic elements found here justifies a more thorough evaluation.
Regional Sampling . Three regional samples were taken in the normal course of geological prospecting. Sample #95462 was the best of the three and was anomalous for molybdenum - 24 ppm, manganese - 1 %, high cobalt - 817 ppm, and the second highest platinum value of 17 ppb. The area-surrounding Sample #95462 will be examined more closely in the next phase of the work program.
Discussion of Sampling Program ...This phase of the program consisted of rock geochemistry with the samples being analyzed for 32 different elements. Eight samples are currently undergoing petrographic studies, and 9 samples are being re-run for rare earth elements (REE). Considering the size of the mining licenses (175,000 hectares), the short time spent in the field (3 weeks), and the scarcity of rock outcrops, the results from the 27 samples taken to date are considered by management to be highly encouraging. Along with the results from the geophysical surveys that were also carried out they will assist in the specific location of future diamond drill holes.
Mr. Reno CALABRIGO - President, stated, . It is very unusual to identify four separate mineral occurrences with excellent exploration upside so quickly, and with a very small capital outlay..
Mr. Ken SANDERS - P. Eng., Senior Geologist and Board Member is also pleased with the exploration results to date. Mr. Sanders stated, .That mineral exploration projects move progressively forward in stages verified by a steady flow of favorable results from the field. The next stage will include diamond drilling..
Entire News Release
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Magnum discovers new copper zone
Nov 19, 2003
Mr. John Yee, Chairman - Magnum d'Or Resources, has recently returned from a field trip to Mongolia and is pleased to report that the Company has today received the initial summary of the three week geological and geophysical field work program completed this month by Rio Minerals, the contractor. The work was carried out on the mineral concessions held in Mongolia by the Company under option-to-purchase agreements. Two mineral discovery areas are now confirmed and a new discovery has been made. The areas are identified as Magnetite Hill, the Gold - Copper Zone, and the (new) Copper Zone.
Diamond drilling targets have been confirmed.
A magnetic anomaly 600 meters long by 200 meters wide has been confirmed on Magnetite Hill (open at both ends along strike). An IP survey was also completed over this anomaly. The anomaly is hosted by silicified limestone characteristic of skarn deposits but is unique by the presence of a network of thin quartz-carbonate veining (as quoted in the summary report). "The magnetic anomaly is evidenced on surface by the presence of outcrop/subcrop exposures of strongly silicified and veined limestones. The veining is typically narrow producing an irregular web-like network of chalcedonic and vuggy epithermal style quartz veining. This veining also has a carbonate component." Surface sampling results and assays are pending.
On the Gold - Copper Zone (the location of sample 181925 from previous work that showed 0.14 % copper and 213 ppb in gold) surface geological mapping and confirmation sampling was completed. Results are pending.
A new discovery of copper mineralization was made on October 26, 2003. This mineralization occurs in an area of epidote-potassic altered fine-grained andesites. Geological mapping has found similar volcanic rocks in an area of approximately 0.5 by 1.0 kilometers surrounding the mineral showings. A more complete summary will be reported as the Company receives the details.
All sampling results from all the Zones will be reported as they are received.
Entire News Release
Chart: MAGR
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