Why Buy MDOR - Signupstocks has just announced coverage of MDOR after the close today. MDOR just filed an 8K announcing completion of the acquisition of the largest tire landfill in North America, located in Colorado, that has over 30 million tires stored on the facility. In addition, MDOR's patented rubber processes will allow high percentages of recycled tire powder to be inserted in the rubber manufacturing process saving a rapidly decreasing virgin rubber supply. See below.
Makamai
----------MDOR----------SIGNUPSTOCKS.COM
We have never announced bigger news from any company ever.
Magnum D'Or Resources Inc. (MDOR) has just moments ago released the most ground breaking and possible Life Changing for everyone on this Plant News we Have ever Read!
In this 8-K Filed by MDOR with the SEC they have Officially Taken Possession of the Largest Tire Landfill in all of North America that has not only an operating Facility but is home to over 30,000,000+ Tires ready to be recycled and implemented to not just the existing $130+MM in contracts that MDOR has already, but now with their Custom Compound Division we can see MDOR integrate their Custom Compound Division into full Scale Production and possible help Avert a Global Disaster... This is not just a ground breaking day for any potential investors that get in early, but for the Whole World.
Recent research has shown that the cost of rubber rising up over 400% in last few years has not been common economical inflation but it is simply that fact that their is genuinely not enough Pure Raw Virgin Rubber on the Planet to sufficiently supply the existing and growing demand.
How does MDOR effect you as a Human Being of the Planet and as a Potential Investor?
If there is no more rubber to make new tires, medical supplies, scientific and communication devices and a sleu of other common and generally over sited products, life as we know it on this planet could easily come to a screeching hault....
MDOR with their new Custom Compound Division has developed new recycled Rubber Compounds that can be implemented into manufacturers existing product lines that can replace a large percentage of the need for new virgin rubber therefore helping every tire company, and really any company that requires raw virgin rubber that may find themselves in a globally impacted short supply continue to provide this planet with the rubber it needs to sustain its existing economic, transportation, medical and scientific structures that we require.
It is a mathematical fact that humans must utilize the existing supply of discarded rubber if we are to sustain life with a devastating global disaster and MDOR to date is the only company in the world to have any proven, tested and literally instantly implementable solution for the worlds existing Rubber Product Suppliers.
Read this MDOR SEC 8-K Filing Published Today After Market...
(THE 8K IS CONTAINED BELOW)
Monday Should Just Be the initial Kickoff for what could be the biggest influx of liquidity into MDOR we have ever seen into any company we have profiled... It is not often that we get to profile a company that could literally Save the World.
Form 8-K for MAGNUM DOR RESOURCES INC
--------------------------------------------------------------------------------
28-Aug-2009
Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
On June 12, 2009, Magnum D'Or Resources, Inc. (the "Company"), entered into an Asset Purchase Agreement (the "Agreement") to acquire the assets of Tire Recycling, Inc. ("TRI"), a company that was a debtor-in-possession in the U.S. Bankruptcy Court for the District of Colorado (Bankruptcy Case No. 07-17691 SBB). The Agreement is subject to the approval of the Bankruptcy Court which is expected in the near future.
The Company will be acquiring the following listed assets of TRI free and clear of all liens, liabilities, claims and interest other than certain permitted liens and assumed liabilities:
(a) all inventory, supplies, and raw materials of TRI;
(b) all equipment, machinery, vehicles, trailers, furniture, fixtures, computer equipment, spare parts, and tools;
(c) its land;
(d) all goodwill and other intangible assets associated with the business;
(e) all of TRI's right, title and interest under the leases listed on Schedule 2.1(e) of its bankruptcy filing (the "Assigned Leases") said Assigned Leases to be assumed and assigned pursuant to Section 365 of the Bankruptcy Code;
(f) all of TRI's right, title and interest under the contracts listed on Schedule 2.1(f) thereto (the "Assigned Contracts") said Assigned Contracts to be assumed and assigned pursuant to Section 365 of the Bankruptcy Code;
(g) to the extent assignable, all permits (including all approvals, authorizations, licenses, orders, registrations, certificates, variances, exemptions and other similar permits or rights), obtained from any governmental body, all pending applications therefore, and all reclamation bonds or financial assurances posted on account thereof;
(h) any rights under or pursuant to all warranties, representations and guarantees including those made by suppliers, manufacturers and contractors to the extent relating to products sold, or services provided, to the extent affecting any acquired assets, other than any warranties, representations and guarantees to the extent pertaining to any excluded assets;
(i) all rights or causes of action arising out of occurrence that take place after the Closing, and related to the acquired assets, and all rights to insurance and condemnation proceeds relating to the damage, destruction, taking or other impairment of the acquired assets which damage, destruction, taking or other impairment occurs after the date of the Agreement and on or prior to the closing; provided, however, all avoidance actions shall constitute excluded assets; and
(j) all books, records, ledgers, files, documents (including originally executed copies of written contracts), customer and supplier lists, correspondence, memoranda, forms, lists, documents relating to the intellectual property, advertising and promotional materials, studies, reports, sales and purchase correspondence, photographs, quality control records and procedures, equipment maintenance records, manuals and warranty information, research and development files, in each case, whether in hard copy or magnetic format and in each instance, subject to its rights under Section 9.4 of the Agreement.
--------------------------------------------------------------------------------
The purchase price of the assets to be acquired by the Company is $6,500,000, less the amount of any secured claims against TRI that are owned by the Company as of the closing which are currently in the amount of approximately $4,438,648.74 (see Article 3 of the Agreement and Schedule 3.1 thereto), the net difference being $2,061,352.
The closing took place on August 25, 2009, and subsequently recorded on August 26, 2009.
The real property being acquired is comprised of four parcels of approximately 120 acres located at 12311 WCR 41, Hudson, Colorado 80642, which is approximately 50 miles northeast of Denver. The property is being used as one of the largest tire landfills in the United States, and has in excess of 30,000,000 tires. It is located close to roads and railroad infrastructure.
Physical assets being acquired include the specific items listed below:
Hudson Real Property: (120 acres in four (4) Parcels) in Weld County, Colorado:
Parcel 1: The N/2 of the S/2 of the E/2 of Section 32, T3N, R65W of the 6th P.M. in Weld County, Colorado comprising of approximately 40 acres.
Parcel 2: The S/2 of the S/2 of the E/2 of Section 32, T3N, T65W of the 6th P.M. in Weld County, Colorado comprising of approximately 40 acres.
Parcel 3: Lot B of Recorded Exemption No. 1213-32-4-RE1367 Recorded September 12, 1991 in Book 1311 as Reception No. 2263003 being part of the S/2 of N/2 SE/4 of Section 32, T3N, R65W of the 6th P.M. in Weld County, Colorado comprising of approximately 5 acres.
Parcel 4: Lot A of Recorded Exemption No. 1213-32-4-RE1367 Recorded September 12, 1991 in Book 1311 as Reception No. 2263003 being part of the S/2 of N/2 of SE/4 of Section 32, T3N, R65W of the 6th P.M. in Weld County, Colorado comprising of approximately 35 acres.
Scrap Tire Inventory:
The scrap tire inventory stored in approximately 63 open cells consists of approximately 350,000+ tons of passenger, semi-truck and off-the-road (OTR) tires that have been disposed of over the past 25+ years. The 120 acre property is currently approximately 65% covered with open cells of scrap tires.
Buildings:
1-125' X 125' Coverall-Steel Frame Warehouse Building & Gas/Electric Utility
Service
1-45' X 100' Steel Office/Shop Building & Gas/Electric Utility Service
1-20' X 40' 2-Car Steel Parking Garage & Electric Utility Service
Hudson Personal Property:
1-Continental Mobile Home 1-Homilite Mobile Home
1-Set of Commercial Truck Scales 1-2005 Dodge 2500 4x4 PU
1-2000 International 4700 Box Van 1-2000 International 4700 Box Van
1-1999 GMC Box Van 1-1998 Freightliner Truck
1-1998 Freightliner Truck 1-1994 John Deere 644C Front End Loader
1-Fiat-Allis 845C Front End Loader 1-John Deere 4020 Tractor w/Brush Hog
1-Galion Road Grader Attachment
1- 5 HP Air Compressor 1-Gas Powered Wheel Crusher
1- 300 Amp Lincoln Arc Welder 1- Gas Powered Wheel De-Rimmer
Various Shop tools and supplies 1-Hotsy Steam Cleaner
