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Makamai

08/31/09 4:05 PM

#6563 RE: weNeedsProfit #6562

weNeedsProfit - Stockrox has his own agenda, the fact is that MDOR purchased the tire dump out of Bankruptcy Court which required that it be paid for prior to closing. They recorded the purchase on August 26. Those are the facts - MDOR owns the property and all improvements on the property. Any distortion of those facts by posters like Stockrox are just simply that - distortion of the facts.

Makmaai
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PaperProphet

09/01/09 2:28 PM

#6578 RE: weNeedsProfit #6562

Re:<"But the bankrupt dump i don't get it the company was in bankruptcy and magnum bought the company and alot of companies do this before they sell to make sure the sale is free and clear for the new purchaser.">

It depends. Property can be purchased with the liens still attached or they can be removed. In foreclosures for instance, the liens always stay attached. I wouldn't trust that the wording in Magnum's press releases is accurate (it seldom is). You would have to see what actually transpired in the bankrupcy court to ensure you get an accurate picture.