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Yep, I missed it, thanks.
FYI, You may have missed this...
Date : 07/21/2011 @ 8:03AM
Source : Business Wire
Stock : 247MGI, Inc. (TOFS)
Quote : 0.0016 0.0003 (23.08%) @ 1:47PM
247MGI Issues Share Structure Update
247mgi (PL) (USOTC:TOFS)
Historical Stock Chart
1 Month : June 2011 to July 2011
Click Here for more 247mgi (PL) Charts.
247MGI, Inc. (Pink Sheets: TOFS) (“247MGI”) would like to take this time to update all shareholders of the status of the Corporate structure of the Company.
Currently the Company has:
3,500,000,000 shares of Authorized Common stock
2,950,022,615 shares of outstanding Common stock
902,022,615 shares of Common stock in the Float
2,048,000,000 shares of restricted common stock held by the CEO and SOYO Group.
The Company over the coming weeks will reduce the Authorized shares of Common stock to 1,600,000,000, at which time Matthew Dwyer the CEO shall convert 1,781,000,000 shares of his Common stock to Preferred stock.
As the share structure has increased the Company has been able to work on settling some of the liabilities owed and has settled close to $1,000,000 of those liabilities so far.
The Company also pledges to its Shareholders NOT to increase the authorized shares of Corporation once reduced to 1,600,000,000 without majority shareholder consent. The CEO will abstain from voting on this matter so the decision is left up to the individual shareholders.
The Amendment will be viewable from www.sunbiz.org, the Corporation has also logged in to PinkSheets.com and made the adjustments.
The Company has no plans for any type of share restructuring for its Common stock.
The Company asks Shareholders to monitor PinkSheets.com for continued developments.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Yes, nice call! Been away from the computer for the last week or two and just turning back to my charts today. TOFS looks good!
TOFS .0015's drying up. Nothing above until .0020.
Back in TOFS at .0013. Looks about ready again.
Yes 30M confirmed and less free trading.
Obviously Low Float -e-
Yep...Makes the Move -e-
SRSR nice close~
SMKY .23 events have not even unfolded yet.
EIPC Now a Six Bagger Off the Call -e-
Here We Go AAVG -e-
SMKY just freebirding. Link back
SMKY keep on your radar. Link back
OPSY-Optical Systems: Reinstated (Florida)
Reinstated yesterday.
http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P97000046424&inq_came_from=NAMFWD&cor_web_names_seq_number=0001&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=OPTICALSYSTEMS&names_filing_type=
DEGH Today....Intraday MOMO Candle on Darkside -e-
Nope. Still low volume considering the move up.
TOFS! Any news to accompany the move?
Sweet start to the TOFS day.
DEGH Still Pumping It Out -link back-
GRBG Up 95% Today -link back-
Yep, that traffic's gonna be between 12 and 14 I'd say.
Should shed the flippers happy with a small percent gain soon?
TOFS, creeped up to 12 x 13
now 10 x 13.
getting ready to start adding 10's and 11's to my 7's
Little more TOFS bid support and we're off to the races.
TOFS just moseying right along, 9 x 10
Day 2 for TECO -link back-
All Depends on Big Apple -e-
GRBG can we go back to .0025? holding the bag still LOL
TECO and EIPC chart busterssss :) need to BM u fringe :)
LJPC Another 100% -e-
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