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thewinningstock

02/17/09 7:44 AM

#4323 RE: surfguy #4321

~This is what will make Magnum unlike any other company in the market. This is also what will make us shareholders very rich, that is if we stay a long for the ride. I know I won't miss out.

Magnum and Sekhar Research Innovations Sdn Bhd (SRI) Join Forces to Develop Next Generation Rubber Processing Aids and range of Custom Multi Application Compounds

Magnum’s proprietary technology and know-how developments will Revolutionize the Global Rubber Processing & Next Generation Compounding Market Worldwide. Magnum owns the exclusive rights to North America and future Global Rights to an array of next generation of cost saving custom compounds, patents, process technology, and trade secrets of Sekhar Research Innovations that will allow for rubber to be reconstituted, liquefied, specially blended into EPDM powders, and EPDM compounds. Magnum has access to state of the art processing aids and new world proprietary rubber recycling equipment.

SRI and Magnum are currently using its advanced technologies along with continued research & development to produce the next generation of retread compounds and reactivated ambient /cryogenic rubber powders for the world market. Magnum has now positioned itself in the global arena by locating a facility in Malaysia with capability for R & D, high performance compounding, processing aids, recycling solutions, and advanced state of the art equipment.

In addition to our facility in Malaysia, we will also use the new Research and Training facility located adjacent to our production facility in Magog to accelerate the introduction of the full range of cost saving multi application compounds and processing aids into the North American compounding community. By working on the establishment of these specialized recycled compounds into accepted standardized raw material compounds, Magnum/SRI is moving away from the conventional filler and diluents market and into the value added compounds that contribute to the performance of the final product..

thewinningstock

02/17/09 8:10 AM

#4328 RE: surfguy #4321

More products, more diversification, this is great news for Magnum. Company is growing in the right direction.

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RichieBoy

02/17/09 1:33 PM

#4368 RE: surfguy #4321

As previously stated surfguy you and I CLEARLY

have a difference of opinion. I don't understand how that justifies me completing your DD all the time.

Nevertheless what do you think that figure should read. The company has already stated they spent $18 million on equipment. Now they are purchasing new equipment for liquid rubber production. In addition they have experienced problems installing some incorrectly ordered equipment which got returned. That won't be cheap no matter who's fault it was.

I thought I was being fair to the company rounding it off at 20 million. Do you feel that figure needs to be higher or lower?