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PaperProphet

04/01/09 11:57 PM

#5335 RE: Makamai #5334

So is the consensus that Magnum received a net $0 so far through Simco? When even the 'optimists' start arguing that the press release was wordsmithed to indicate the possiblity that no money may have been received, it's somewhat telling.

So basically that $15 million which was a small part of the potential $400 million ($400 million as indicated on this board by unverifiable sources) is actually in question itself. Is that right?

Can the insiders posting here please verify that Magnum didn't receive any of the money so far indicated by that "$15 million" press release?

againstallodds

04/02/09 10:34 AM

#5338 RE: Makamai #5334

Still didn't read exh. 10.1 didn't you ?

I already explained that to you in my post 5148.

Exhibit 10.1

http://idea.sec.gov/Archives/edgar/data/1099963/000114420409014862/v143340_ex10-1.htm

The official filing of the convertible promissary note, no mention of partial disbursment.

There you go !