Magnum d'Or Resources Inc (fka MDOR)

[monkeyfrog]

2 straight years of 0 revenues is doing a good job?


During its fiscal years ended September 30, 2008 and 2007, the Company had no revenues.


For the year ended September 30, 2008 compared to the year ended September 30, 2007, the Company had a net loss of $2,607,352 versus a loss of $800,452, respectively, equating to a 226% increase in net loss. The increased loss was due to higher operating expenses that were mainly attributed to an increase in consulting services, and to a lesser extent, other professional services and accrued interest expense. These costs are further delineated as follows:

http://www.sec.gov/Archives/edgar/data/1099963/000114420409007496/v139726_10k.htm