Replies to post #5037 on Magnum d''Or Resources, Inc. (fka MDOR)

[RichieBoy]

Quite the PR many possibilities for sure

Magog can now expand which surely means 3 shifts as in very very soon, in house nugget production upping revenue significantly as opposed to contracting out necessary before. New compound production getting the green light here by the looks of it. All anticipated but now confirmed, very reassuring to see it all coming together now.

This however really got the cogs turning:
Magnum is currently in negotiations with other parties to acquire and joint venture specific material and manufacturing facility operations. These opportunities will be elaborated on in latter announcements when the agreements have been finalized.

Reading between the lines these JV's are all but a done deal and acquisition I'm hunching means Magnum must be eyeballing a new plant or upgrading an old one at a fraction of the cost (no doubt).

Very nice PR. Go MDOR!

[OtcStockSource]

Best deal I have seen in years. MDOR did a great job at getting us the favorable terms and did it in these crumby market conditions.

No payments no conversion for 4 years I have never seen this on the OTCBB.

The terms of the financing include a cash disbursement to Magnum of $15,000,000 USD. In return, Magnum will issue an eight (8) year convertible promissory note that requires no payments for the initial four (4) years. Interest will accrue at an equivalent rate of 12.5% per annum non-compounded to yield a total overall return on the investment instrument of 50%. In the fourth through eighth years of the note the interest rate will be reduced to a 5% per annum yield. After the fourth year but before maturity the holder may elect to convert the note to common stock based upon a trailing 20 trading day closing stock price.