Re:<"..., financing not 100% secured to date,...">
Just so I understand, what state is that nebulous financing currently in? What "percent" secured is it? Previously I thought "secured" was measured in yes or no, not percent of secured.
Do you see how some might believe that Magnum lied to investors by saying the financing was "secured" when, in fact, it wasn't? That's fraud.
And how do you know they will get another contract? Any opinion on whether or not Magnum will fill any of this pending new contract?
Re:<"The magog facility has excess demand for nuggetts and buffings over and above NSS deal at higher prices.">
I don't doubt there is excess demand at above the NSS contract price. That contract was for $0.10/lb, well below the market rate for buffings. There are a lot of companies chipping tires and there is a ready market for chips and buffings, all with thin margins. It's not the ability to produce which stops people from chipping tires--it's economics which Magnum doesn't have either.
Magnum could, by analogy, have a contract to produce and deliver soybeans at $4/bushel. Since it costs about $12/bushel all in to produce soybeans and the spot rate is about $12, a $4/bushel contract insults anyone's intelligence. I guarantee that if you had soybeans for sale at $11.75, just $0.25 below spot, you would sell them all in a flash. That contract is bogus and Magnum is swindling investors--period.
Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product even more revolutionary.
