Replies to post #5172 on Magnum d''Or Resources, Inc. (fka MDOR)

[againstallodds]

Can't conclude they have 15 M$

Read carefully the SEC documents.

Documents in contradiction, one says up to 15 M$, meaning they could have received 0$ so far, and the other one, a promissory note indicating that Glusuc signed that he received 15 M$ in one tranche. Hovever no names on Simco, indicating that this document has not been signed.

The company has to officially clarify and file again the corrected documents, unless it wants to keep it vague, which would be straight illegal.

I will agree that IF they have 15M$ in the bank, they had to be impressed by something.

In the meantime, glusac has the obligation to straighten up his act.

[Makamai]

You are absolutely right Surfguy. In this present environment, the loan qualification process that Simco would have put Magnum through would have been 3 times more intensive than in the past. Simco would have performed a very close scrutinization of the Magog facility as well as SRI's processes, as well as management's ability to perform. Knowing that, Magnum's investors have even more assurance that this company is the real deal. I also found the SRI video to be very helpfull in understanding how the process works. Any company that can cut manufacturing costs by substituting from 5% to 30% recycled material without any appreciable loss in properties, will be lining up with purchase orders at Magnum's door. The list of applications is endless.

Makamai