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Tuesday, 02/26/2008 11:27:26 AM

Tuesday, February 26, 2008 11:27:26 AM

Post# of 8728
FORT LAUDERDALE, Fla., Feb 26, 2008 (BUSINESS WIRE) --
Magnum D'Or Resources, Inc. (OTCBB:MDOR) (Magnum) announces today that the Company's Board of Directors met over the weekend to review the recent buyout offer extended to the Company. The Board has instructed Mr. Glusic, Chief Executive of the Company, to continue discussions concerning the recent buyout offer and to request additional information from the interested party for the Board to review. The Company will release further information after it has fully evaluated the offer and determined what path is best for the Company to pursue.

Joseph Glusic went on to say, "MDOR shares have recently seen an increase in market activity. We have also been informed that the Company has recently been added to the Regulation SHO Threshold list, which means that aggregate shares recently traded failed to deliver the reported company's common shares at a registered clearing agency." Mr. Glusic went on to note that, "We are not aware of any situation where there should be any failures to deliver the stock of the Company in an ordinary transaction.

To view a list of companies on the SHO threshold list go to: http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold

On a further note, the company wishes to inform its investors that as of Monday, February 25, 2008, according to it Transfer Agent (Holliday Stock Transfer Company) the total number of outstanding shares of the company stands at 26,630,914 of which 10,000,000 are non-registered Preferred shares, 10,445,871 are both Restricted common shares and Rule 144 stock, and 5,985,043 are free trading shares. It may be further noted that of the free trading shares, over 2,000,000 are held by insiders and institutional / accredited investors for investment purposes.

To date, the Company has not entered into any financing agreements that include equity participation. Furthermore, it intends on pursuing most, if not all of its financing needs, through conventional methods with institutions and private investment groups.

"We do not intend, nor are we in a position to have to, seek funding that will ultimately force us into diluting our stock at this time," Glusic said. "This is an unfortunate pitfall that many companies fall into at this stage of their development. We are fortunate that we have a business plan and a product that has attracted conventional financiers to our company. My main goal is to build shareholder value, balanced with controlled growth, so that we can take this company to a higher recognition level. This is not to say that we will never entertain interested equity investors, but at this time it is not necessary for us to pursue this path."

Magnum's management understands that there will always be skeptics who will voice their unfounded opinions, but it will also not tolerate unscrupulous or intentional manipulation of its share value. It will pursue any and all legal remedies necessary to limit this kind of activity if it believes the values of its market securities are being undermined.

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