MagIndustries Corp MAAFF

RE: RE: RE: RE: RE: SNEL

[Redpill]

Based on MD&A, I think it is reasonable to expect near future news about the divestiture of the Forestry division (see below again) and potentially termination of the Energy unity (this is a wish), unless the nat gas license for the project was granted to the Energy unity. These actions probably will not create any positive momentum for the sp, but should create a more favorable organizational structure for a sale or JV.  Mag certainly needs to be careful of how to tell the market the news, to do not give the impression of company melt down...

I don't think bankruptcy is anywhere close to 1h2012, unless we get further bad cash expanse decisions, which is not impossible...

"
The Company is presently reporting losses and management's plan to continue development of the Project and ultimately to production is heavily dependent on the success of the following initiatives: (a) successful completion of additional financing, (b) completion of a transaction to finance the Project through either a sale or joint venture, and (c) achieving a sale or revised management plan for MagForestry to mitigate losses.
"
GLTA