Magnum D’Or Resources Inc. (MDOR) engages in the recycling and sale of rubber tires into various products. The Company provides recycled rubber products, reconstituted rubber derivatives, and rubber powders to various distributors and manufacturers. The Company supplies these substrates to a variety of manufacturers and is also developing its own market for retail end use eco-friendly products. MDOR utilizes its licensed patented processes to disintegrate scrap tires, remove fibers and metal wire, and produce crumb rubber sorted into different mesh sizes to be recycled into various rubber products.  MDOR has one production facility in Magog, Quebec, Canada, a tire landfill in Hudson, Colorado, and is currently pursuing acquiring additional facilities.

MDOR was founded in 1999 and is based in Fort Lauderdale, Florida. The Company transitioned from a development-stage company to an operating entity in November 2008.

Share Statistics			2007	2008	%Chg	Q2 2008	Q2 2009	% Chg
Sept.-01-2009
Symbol	MDOR	Revenue, Mn	0	0	0%	0	0.04	n/a
Current price	$0.51	Gross margin	0%	0%	0 b.p.	0%	-275%	27,500 b.p.
52wk Range:	$0.13-$0.85	Oper. margin	0%	0%	0 b.p.	0%	-26950%	-2.7M b.p.
Avg Vol (3m):	n/a	Net margin	0%	0%	0 b.p.	0%	-28175%	-2.8M b.p.
Market Cap.	23.3M
Dil. Shares Outst.	45.7M	EPS	-0.14	-0.17	-21.4%	-0.03	-0.22	-633.3%

Source: Google Finance, Company Financial Statements.

The Company’s sales for the three months ended June 30, 2009, increased 113% over the previous quarter from $19,464 to $41,523.  The Company did not make any sales in 2008, as it was still a development-stage company. MDOR reports that it holds more than $130 million in open contracts to produce rubber nuggets and rubber buffings over the next five years.

MDOR’s cost of sales also increased over the quarter at $154,248 for the three months ended June 30, 2009, as compared to $65,115 during the three months ended March 31, 2009.  The increase was due to higher costs associated with maintaining and servicing existing contract sales, and costs associated with pursuing other sources of revenue.

MDOR had a net loss of $11.3 million for the three months ended June 30, 2009, as compared to a net loss of $758,887 for the three months ended March 31, 2009.  The higher losses were primarily due to higher costs associated with the use of consultants.  The Company used consultants to develop, implement, operate and maintain its information management systems, investor relations, and marketing activities. During the three months ended June 30, 2009, the Company had a net loss of $0.22 per share, as compared to a net loss of $0.02 per share in the three months ended March 31, 2009.

On June 30, 2009, the Company had total assets of $9.7 million, a total accumulated deficit of $25.5 million, and stockholders equity totaling $1.1 million.  In addition, the Company generated a working capital deficit of $6.4 million and negative cash flows of $939.983 from operating activities for the nine months ended June 30, 2009.  These factors have created serious concern of whether the Company will be able to continue its operations. Currently, the Company relies on corporate officers, directors and outside investors to meet its budget.  If the Company cannot access these sources of finance, it will be unable to complete its financial obligations.

The Company reports that its management is pursuing additional sources of capital to fund its operations and complete its corporate objectives. Also, the Company stated that it has previously, and is currently, engaged in discussions concerning potential business acquisitions, joint ventures, and other collaborative arrangements. In addition, the Company secured a commitment from a private equity firm to provide additional operating and expansion capital in March 2009.  However, the Company has yet to receive funds from this commitment.

At this time, no analysts cover MDOR.

On August 29, 2009, MDOR announced that it had completed an acquisition of one of the world’s largest tire landfills. The facility, located in Hudson, Colorado, consists of land, buildings, equipment and inventory of more than 30 million tires.  It is hoped that the facility will serve as a central hub for the Company’s operations and pave the way for expansion into U.S. and international markets.  The Hudson landfill may be an important supply source to MDOR as the U.S. generates an estimated 290 million in scrap tires annually. On August 31, 2009, the Company announced that the facility, along its MDOR’s Magog facility, would be filmed and featured on the Environmental Series and Clean Technology TV Series airing on CNBC, Fox, Asia TV and other leading networks.

In August 2009, MDOR reported that its subsidiary Magnum/SRI was currently using its advanced technologies to produce new rubber recycling solutions for custom compounds, retread compounds, processing aids, advanced state-of-the-art equipment, and reactivated ambient/cryogenic rubber powders.  The Company expects that the successful development of one of its custom compounds will allow for a savings of 4%-11% in raw material costs without compromising the end products quality

Source: http://stockcharts.com/h-sc/ui

On August 28, 2009, MDOR closed above its 13-day moving average. This is generally considered to an indication of a bullish trend.

MDOR’s recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower Bollinger Bands. These bands measure volatility using standard deviation and a large width is due to high volatility. Additionally,  MDOR is trading near its upper Bollinger Band. This suggests that the penny stock price is high relative to its recent price action.

The MACD for MDOR currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-day moving average. Second, the MACD is above 0, which implies that the underlying moving averages are trending higher.

MDOR has no direct comparable companies.

Net Share Purchase Activity

Insider Purchases – Last 6 Months Shares Trans Purchases N/A 0 Sales 156,336 7 Net Shares Purchased (Sold) (156,336) 7 Total Insider Shares Held 33.07M N/A % Net Shares Purchased (Sold) (0.01) N/A

Net Institutional Purchases – Prior Qtr to Latest Qtr Shares Net Shares Purchased (Sold) N/A % Change in Institutional Shares Held N/A

Data provided by Thomson Financial

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