The jury is still out. I emailed the CEO. I received a reply with a phone number I can call Monday to get any information I need about the company. So Monday I have have an answer to your question. But all of the information I have seen so far says this is a legit company with a good idea for the future of the world, and the resources to kill any competition. I'm holding the shares I already own and preparing to buy more when I get all of my questions answered.
Let us know if your questions get answered. They satisfactorily answered my questions when I've contacted them. The people running Magnum are very open to questions. You won't find very many companies as transparent as they are.