MSGI Technology Solutions, Inc.(fka MSGI)

[Baconmaker]

My Thoughts on MSGI

IMO, I think TheDane got it more or less right when he posted the item that I have copied below.

I think it is likely that the SEC put the icing on the cake by making JB resign and sign that document. It's just too bad the SEC didn't bother chasing and bullying the real crooks on Wall Street - like Bernie Madoff, Jamie Dimon and Goldman Sachs (junk bonds they sold to European banks and then shorted) with the same vigour that ended up screwing all us little MSGI shareholders.

Bacon

THE DANE'S POST
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The whole story Nitro related is entirely plausible and fits the timing of events.
- JB tries to restart MSGI and negotiated with the note holders to take shares instead.
- They file to that effect.
- The stock reacts and trades up to .06

SEC says no you can't do that because the company has no operations and is dormant since 2011
- SEC bullies JB into the fraud/fine agreement and he goes along so he can move forward
- Since SEC wont allow MSGI to conduct business (assuming its true) then JB and note holders form Nanobeak into a private company and get the NASA license (which might have expired for MSGI anyway?)
- Since JB is forbidden to engage as a director of a public company he has no obligation to inform MSGI shareholders what he has done.

I dont know about the agreement with the noteholders but they must have gotten something.

The question is what is the real status of MSGI.
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