Magor, Sir Terry Matthews, and his (37 companies acquired) Multi-Billion Dollar Takeover Factory Symbol: MCC.V
Shares Issued: 51,725,489
Market Cap: $9,828,000
Year High: 0.215
Year Low: 0.015
https://www.magorcorp.com/ In 35 years, I have never seen a sub .20 stock with a chairman billionaire (Sir Terry Mathews, founder of NewBridge, Personal Net worth: $2.03 Billion) with this many loyal directors (9) and several Multi-billion, and half billion dollar takeovers.
These gentlemen worked for dozens of well known tech companies in the last few decades. (see below)
"Magor's approach to visual collaboration provides a major incentive to information technology professionals, both government and enterprise, to revise their thinking on the expansion of video to the desktop."
Significant Takeovers: Newbridge: $10.32 Bil.
PairGain Technologies: $3 Bil.
(Sub-Billion dollar takeovers listed below)
MCC spent close to $20 mil. developing their visual collaboration technology in one of the most attractive non-dilutive ways possible while maintaining the integrity of the stock structure.
“If you don’t spend money on R and D, you will definitely die.”
---Sir Terry
Sir Terry Matthews, a Welsh-Canadian billionaire, who was knighted in 2001, funded and founded over 100 companies, over 37 acquired, 7 still Active and Publicly Listed - continues to self fund Magcor every few months, by way of promissory notes:
Mar. 30: $1,125,000 at 12%
Aug. 28: $985,000 at 12%
Sept. 29: $525 k at 12%
Dec.12: $350k at 12%
Sir Terry owns 13,725,625 common shares, 275k class A, and 427,723 Warrants. (14,428,000)
Insiders (excluding Sir Terry) hold 4.086 mil shares (7.9%) and 4.637 mil. in repriced stock options.(8,723,000 total)
“The first half a dozen people worked for nothing, but I gave them ownership. That changed the formula. That changed the relationship. We came out with products so fast you would never believe it.”
--- Sir Terry
Insiders in total hold 23,151,000 shares, warrants and options. They have not sold a single share in 3 years.
"Equity grants continue to play a significant role as an incentive to attract and retain the best and brightest employees."
Magor's extremely tight share structure is critical, at a time when most Canadian Juniors are imploding with their ongoing dilution.
The MagorTeam and Board Members hold/held senior positions in these (40) companies: Wesley Clover, ANDA, Meriton, PairGain, Newbridge, Nortel, Mitel, Rockwell, Siemens, Gridpoint, DragonWave, Critical, BioQuest, MDS, Torstar, MCI/Verizon Tymnet/McDonnell Douglas, Redback, Cisco, Ceyba, Budco, AIM, Annidis, TD Bank, Tm BioScience, GTE, Bell, Norpak, West End, Power Trunk, March, RevD, Revera, General Dynamics, MTS , NBTel, Rogers, Hummingbird, Stentor, Leitch
https://www.magorcorp.com/about-board-of-directors.php 1972: Terry Matthews quit his job at Microsystems, and turned a $4,000 bank loan into Billions:
Terry Matthews/ Wesley Clover TrackRecord (May 2014) - 85 Companies in total (Only 7 have been unsuccessful)
- 37 Acquired
- 7 Active, Publicly Listed
- 27 Active, Private
Alphabetical List of the 85:
https://www.wesleyclover.com/wp-content/uploads/2014/06/THM-WC-Affiliate-Track-Record-Details-05-141.pdf “Every $1 share in Mitel in 1973, for these young people who worked for nothing, turned into $2.5 million. Nobody complained.”
---Sir Terry
Mathews is Chairman of Mitel (Market Cap: $1.3B), with its US$1 billion in combined annual revenue, 60 million customers worldwide, and #1 market share in Western Europe. (Sir Terry owns 19,718,000 direct and indirect shares worth $210.4 Million today)
“I never start companies or have ownership and say, ‘It’s my baby, you can’t have it.’ Business is business. You have to be practical, pragmatic. And if somebody wants to pay way over what it’s worth, why are you fighting it? Move on and do something else.”
A few takeovers (of the 37) worth noting: February, 2000: Alcatel Completes Acquisition of NewBridge for CDN $10.32 Billion.
December 2000: PixStream acquired by Cisco Systems in $550 million
July 2006: Convedia acquired by RadiSys for $US 105 Million
February 2007: Ubiquity Software acquired by Avaya for USD $150 million
June, 2009: IDT Completes Acquisition of Tundra Semiconductor for
CDN $120.8 Million.
May, 2010: BreconRidge sold to Sanmina-SCI for US$53 million
June, 2011: Amdocs Ltd. Acquired Bridgewater Systems for $211M
September, 2011: Microsemi acquires Zarlink for USD $525 Million.
Magor and Pairgain CEO Mike Pascoe's Takeover:
2000: ADC Acquired PairGain Technologies for $3 billion
Sir Terry's Active Publicly Listed Market Caps:
Mitel: $1.288 Bil.
Sandvine: $523 mil.
ProntoForms: $34.823 mil.
Counterpath: $18.156 mil.
Dragonwave: $11.323 mil.
Magor: $9.828 mil.
Enfis: $4.8 mil. (UK)
MCC Shares were more expensive almost 3 years ago compared to today: 2013: From Mar. 15 to Dec.31, 8.6 mil. shares at average price of 0.38
2014: 9.080 mil shs average 0.31
2015 up to Dec. 14: 4.867 mil shs average 0.06 (Pre RCMP software order)
2015 from Dec. 14: 3.309 mil shs average 0.12
By January 14 (30 days) the volume will most likely match the first 11.5 months of 2015.
MCC has traded 25.860 million shares at an average price of .26 from Mar. 15, 2013 to Dec. 31, 2015
"We are currently working with over 20 different service and solutions providers across the Globe, that are planning on bringing our Aerus cloud-based visual collaboration solutions to their enterprise and government clients."
--- CEO Mike Pascoe
Magor offers services to various industries: Government
Policing
National Security
Healthcare
Financial Services
Contact Centers
Mining
Higher Education
Aerospace
Manufacturing
Conclusion: There are three things I look for when investing in a junior.
1) Decent profits may me made if you can identify the smart money in junior deals where management respects the share structure. Sir Terry deserves an A plus for the way he has financed Magor.
2) If you invest in a junior with no track record, you are destined to help pay for managements lifestyle until they stumble across a takeover. How about several dozen acquisitions?
3) There is no such thing as bad information, it's what you do with it that counts. I spent 2 weeks trying to poke holes in Magor, and have come up empty.
So it appears the fear of losing, is diminished by the frustration of possibly missing out on Sir Terry Matthews latest stunning success story.
Important Links: Magor's Windows client now opens up $47B market
https://www.magorcorp.com/documents/Magor-Investor-Update-Dec-2015.pdf Magor GOC Target List:
https://www.ssc-spc.gc.ca/pages/prtnrorg-orgprtnrs-eng.html How to turn $4,000 into billions: Energy, hard work, passion, Ottawa entrepreneur tells Waterloo audience
https://www.therecord.com/news-story/5627164-how-to-turn-4-000-into-billions-energy-hard-work-passion-ottawa-entrepreneur-tells-waterloo-aud/ Terry Matthews is Wales' first and only billionaire, and rated one of the five richest people in Britain.
https://www.stockhouse.com/companies/bullboard/v.mcc/magor-corporation/4?postid=24416761 Mike Pascoe Interview:
https://www.stockhouse.com/companies/bullboard/v.mcc/magor-corporation/4?postid=24416761 History of Wesley Clover:
"The formal Newbridge Affiliate Program started with a $1.5 million investment in Crosskeys Systems Corporation, which yielded proceeds of $49.8 million over time. Success was repeated with investments in Northchurch Communications Inc., FastLane Technologies, Inc., Cambrian Systems Corporation and Ubiquity Software Corporation, with each company selling for $595.0 million, $149.0 million, $448.0 million and $169.0 million respectively."
https://www.wesleyclover.com/about-us/history/ DEVILS ADVOCATE BLOG ARTICLE ON MAGOR CORP TSX MCC
DECEMBER 20, 2015
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=119556885 22 QUOTES: SIR TERRY MATTHEWS, CANADA’S TECH TITAN
https://news.communitech.ca/news/22-quotes-sir-terry-matthews-canadas-tech-titan/