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Magnum Energy Inc. Common Shares V.MEN



TSXV:MEN - Post by User

Comment by thecolbsteron Nov 16, 2003 2:09pm
148 Views
Post# 6657094

RE: The Menora Mystery

RE: The Menora MysteryIf you are really interested in finding out info on this or any other co. - you should check out www.sedar.com and view each company's releases carefully(I missed the write down of the "TREES" in gtt.h's releases!). After the consolidation of 1 for 8 there will be 3002648 shares outstanding (24021185/8 = 3002648). Then with the debt conversion $865000@$0.025 = 34600000/8 = 4325000 shares post consolidation. Total = 7.33 mil shares post consolidation plus whatever shares they issue on a PP. They also have available over $6mil in various tax pools to reduce future taxable income. They have non-capitol losses in the amount of $508000 that expire at varying amounts from 2005 until 2009. I am not a financial wiz (just a speculator) but this probably isn't a bad looking shell PRE OR POST CONSOLIDATION! Worth $0.10 at present? - you decide! I'VE ALREADY PLACED MY BET! Remember - do your own DD! Good Luck
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