Replies to post #259 on Myriad Entertainment & Resorts, Inc.(fka MYRA)

[PremierStocks]

Thank you MWM. You are correct. The legitamcey is for real.

Just a matter of them exectuting the financing end and this

will be huge profits in no time.

Plus with the indoor ski arena/water park/resort it is a true

Destination. Profits will be plentiful I believe.

[beats4ever]

thanks.. great read.. yeah i'm pretty sold on the whole legit thing... I really hope they do get the financing for this... i guess a it will rise when a pr hits.. who knows... we might be old and gray though by the time it gets to somewhere as i was talkin about.. ;)

[creede]

Imo, you hit it right on the head.

[creede]

MYRA - Form 10KSB filed.

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5837000

Number of shares outstanding of Issuer’s common stock, $0.001 par value, outstanding on March 13, 2007: 45,534,321.

OVERVIEW

We are a holding company incorporated under the laws of the State of Delaware that, through our subsidiaries, intends to own, operate and/or manage destination resort properties. Our primary operations are intended to be focused on destination experience resorts such as the anticipated Myriad-Tunica project to be located in Tunica, Mississippi. We may seek opportunities in other areas including country clubs, casinos, resort amenities and facilities, real estate operations and corporate services; however, we have no current plans to begin implementing these operations and do not have adequate financing available at this time. Further we do not anticipate investing in other companies.

Our Company has completed its feasibility studies and appraisals with favorable results and we are now focused on raising $675 million to implement phase 1 of the Myriad Resort. Although no assurances can be given regarding the Company’s ability to secure the phase 1 funding, if secured, the Company anticipates utilizing these funds for the following:

· Building out site Infrastructure

· Construction of the first of our six planned casinos;

· Construction of the first 750 rooms casino and convention hotel of our planned 3,000 rooms;

· Construction of the first phase of our Convention Center (30,000 sq. ft.);

· Construction of the 18-hole championship Golf Course;

· Construction of the Water Park;

· Construction of our 25,000 square foot Health and Wellness Luxury Spa; and

· Construction of our private label restaurants.

Recent Events

On March 11, 2008, the Company announced that Mr. John Meeske was terminated as the Company’s Chief Executive Officer and as a member of the Board of Directors. Mr. Meeske had served as the Company’s CEO and as a Director since May 2006. His termination was effective immediately and was based on actions conducted by Mr. Meeske that were inconsistent with his employment agreement, Company policies and procedures. The Company is currently investigating this matter further.

Consequently, Nicholas A. Lopardo, Chairman of the Board of Directors, has been named interim Chief Executive Officer until such time as the Company can locate a suitable replacement. The Company’s Board has begun this search.


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The Company also announced the resignations of two Board members, Mr. Jack Vaughn and Mr. Jerry Wayne, effective March 5, 2008.

On March 7, 2008, we announced that our Board of Directors approved on March 5, 2008, a collateral and loan term sheet which the Company anticipates will provide up to $675 million in financing for Phase One of the Company’s planned Myriad Resort in Tunica, Mississippi. This term sheet also provides for the funding of all phases of the Company’s planned development in Tunica, up to $2.5 billion.


PROJECT SITE

Myriad continues to discuss its land options with several land owners in the Tunica area. Tunica County, Mississippi is located 35 miles south of Memphis, Tennessee, near the intersections of Interstate 40 and Interstate 55 and in close proximity to Memphis International Airport. Tunica County, with an area of 460 square miles is located 431 miles from Atlanta, Georgia, 569 miles form Chicago, Illinois, 475 miles from Dallas, Texas, and 417 miles from New Orleans, Louisiana. Interstate 69, which runs from Canada to the Gulf of Mexico, which is currently under construction, will pass within close proximity of the Myriad-Tunica project.

The Tunica Airport runway was lengthened to 8,500 ft to grant access to commercial, corporate and regional aircraft. The Tunica Airport is currently accessed by Lear Jets and Twins.

REGULATORY APPROVALS

On March 16, 2006, the Mississippi Gaming Commission approved the revised gaming site and site development plan of the Myriad-Tunica project for 24 months, renewing the approval originally granted to Myriad-Tunica in June 2004. Any such additional casino developments would require Mississippi Gaming Commission approval before construction could begin. On April 21, 2005, the Mississippi Development Authority granted approval to Myriad-Tunica for participation in the Mississippi Tourism Incentive Program and awarded it a Mississippi Tourism Incentive Certificate (TP-016) making it eligible to receive up to $290,950,000 of sales tax rebates, effective during the first ten years of operation, collected from revenues generated from family-oriented operation of its proposed resort development. The amount awarded was based on a formula that qualified 35% of the capital invested in family-oriented components of the resort to be eligible for rebate. On July 8, 2004, the Board of Supervisors of Tunica County, Mississippi, approved an easement for the Myriad-Tunica project, which permits a roadway to be constructed through the property leading to the resort entrance. Previously, in April 2003, the County of Tunica issued a support letter offering appropriate tax incentive and the use of revenue bonds to help Myriad-Tunica to


RECENT SALES OF UNREGISTERED SECURITIES

The following is a list of our securities that have been sold or issued by us during the past three years. Each of these securities was sold without registration under the Securities Act of 1933, in reliance on Section 4(2) of the 1933 Act and the provisions of Regulation D or Regulation S. There were no underwriting discounts or commissions paid in connection with the sale of these securities.

During Fiscal year ended 2005, we sold an aggregate of 1,334,501 shares of our common stock to 34 investors between prices at $0.20 per share and $0.30 per share. The investors represented in writing that they were accredited

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investors and acquired the securities for their own accounts. A legend was placed on the securities stating that such securities have not been registered under the Securities Act and cannot be sold or otherwise transferred without an effective registration statement covering such shares or the availability of an exemption from the registration requirements of the Securities Act.

During fiscal year ended 2006, we sold an aggregate of 3,545,735 shares of our common stock to 20 investors between prices at $0.20 per share and $0.30 per share. The investors represented in writing that they were accredited investors and acquired the securities for their own accounts. A legend was placed on the securities stating that such securities have not been registered under the Securities Act and cannot be sold or otherwise transferred without an effective registration statement covering such shares or the availability of an exemption from the registration requirements of the Securities Act.

During fiscal year ended 2007, we sold an aggregate of 2,886,750 shares of our common stock to 46 investors at $0.40 per share. The investors represented in writing that they were “accredited investors” and acquired the securities for their own accounts. A legend was placed on the securities stating that such securities have not been registered under the Securities Act and cannot be sold or otherwise transferred without an effective registration statement covering such shares or an the availability of exemption from the registration requirements of the Securities Act.