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Re: None

Monday, 10/31/2011 11:35:20 PM

Monday, October 31, 2011 11:35:20 PM

Post# of 160470
Share Structure Timeline plus CEO Guidance

I am going to recap the share reduction process of TOFS before I share an email I received from the CEO, Matt Dwyer. All this quiviling over the float is not relevant. Matt said several times the O/S would be the same as the float after the financials were filed, and it has happened. Guess what, the float can be 1.4 billion, and it DOES NOT set the market value, ONLY THE O/S. Check the iBox for a complete list of CEO compiled question and answers. Now let's go into detail

4/22 - 24/7 MGI reinstated
6/10 - A/S set at 5 billion
7/18 - A/S reduced to 3.5 billion
9/19 - A/S reduced to 1.6 billion
10/4 - A/S reduced to 1.4 billion - from 10/3 pr - "The first 200 million shares of the planned reduction from the Authorized shall take place today. The Amendment documents will be submitted to the State of Florida and a stamped copy of the documents will be forwarded to the transfer agent once the Amendment has been completed.

10/31 - Amendment filed, but we do not know what it is and mass hysteria set in. What could it be, read the pr from 10/3 - "
247MGI, Inc. has decided to fast track the next planned share reductions so it takes effect for the fourth quarter. Over the next 90 days the Company will reduce the Authorized shares from 1.6 billion to 1.2 billion, a 25% reduction. In order to complete the reduction the Company will need to reduce the total number of shares Outstanding by a minimum of 160 million."


I think we are going to see a reduction from 1.4 to 1.2 with this latest amendment , MAYBE, or something to do with the ticker change. I CANNOT GUARANTEE ANYTHING. Is it possible we could see the A/S go to 3.5 bill? I guess anything is possible, and we will know for certain tomorrow but ask yourself these questions. Would Matt backfile 4 years of financials and file all this paperwork to dilute the company to nothing? The official name and ticker change starting this week and dilute before that event. Common sense would tell you no.

Avoid the negative, the negative said the merger would not happen, said the 1st share reduction would not happen, said the second share reduction would not happen, said the name change would not happen, said there would be no net profit. Are there gonna be bumps on the road, absolutely, but $TOFS is still geared up to be the hottest penny stock of the year. The CEO has done everything he said he would to this point and stated he is not PERSONALLY SELLING SHARES UNTIL TOFS GETS TO .05, he is getting rid of debt with these comparably small increases to the O/S. With that all said, I sent a question to the CEO and asked him why the O/S was increased, here was his reply, same thing he has been saying




Do your own DD, consider all my posts my opinion