No mention of 1.75 million for VSP, or company that purchased this technology.

That is the most important part missing IMO.

Interesting link I found, MYFT is in good company.

http://www.sylectus.com/sylectus/Partners.aspx

Would be great if Tom would mention the status of the 1.75 million owed ENTI for VSP and the company that purchased this technology.

The purpose 3pl's were created in the first place is providing a market place to move freight through a network of carriers having available space on their truck, rail line, ship, etc.

The current need is having the software platform to be able to do this efficiently as possible.

Again if it is proven MYFT is the best in the industry, investors will be on the road to prosperity IMO

For the new CEO to mention uplisting at this juncture, talking about the product line, potential, saying ENTI doesn't belong where in the pinks is a stretch. The only product is ideas, ideas that will take significant capital to promote. He also fails to mention the costs of an auditor to complete the up-listing process and where that money is coming from.

so if I received x amount of shares of CTBG, Ill get more later? I find that a stretch. But that's strictly conjecture

I doubt the common shareholder will receive any benefit of a settlement. The benefit is likely CTBG shares, and the CTBG business itself doesnt seem to be thriving.

Has anyone received their CTBG shares? I just received mine today. I hope I don't get burned in selling them like I did a few years ago.

Nice buying at the open on MYFT, nice bid support

I beg to differ, if it is proven MYFT's software platform offers a significant cost savings versus their current platform, TMS-Jump, MYFT will fly, and in a big way.

I will mention a few years ago their were programs to extend the life of class 8 trucks by truck OEM's. Given the cost savings (fuel) of new models, fleets, motor carriers, are opting to buy.

Look at the revenue growth of TMS, unaffected by the recession.

If anyone wants to question the strength of the heavy truck biz, that is in direct correlation to the health of the freight/logistics industry, this is a good article

Mack reports strong production for June
Demand for highway rigs is driving growth. Truckmaker is heading for best year since '07

By Tyrone Richardson, Of The Morning Call

9:32 p.m. EDT, July 22, 2011

Mack Trucks had strong rig production in June, putting the truckmaker on pace to have one of its best years since 2007, the company reported Friday.

Mack delivered 1,801 trucks in June, 761 more rigs than the same month a year ago. Mack, a division of Sweden's Volvo AB, produced 9,598 rigs from January through June, up nearly 64 percent from the same period a year ago. Mack doesn't produce trucks on speculation, so deliveries represent actual customer orders.

Based in Greensboro, N.C., Mack produces all rigs at its 1-million-square-foot facility in Lower Macungie Township, which employs more than 1,000 workers. That includes the roughly 300 workers recently added and the restored second shift to keep up with truck demand.



Mack spokesman John Walsh said that while demand for construction vehicles is still low, the company is profiting from increased demand for highway rigs, which pull trailers and are used in shipping.

"Demand for our Pinnacle highway truck is a major driver of our growth so far this year — our U.S. retail sales volume through June is up 52 percent, and our market share is up slightly (to 8 percent, vs. 7.8 percent for the same period last year) despite the anemic construction segment," Walsh said in an email.

Mack is on pace to make as many or more than the 18,621 rigs the company produced in 2007. The following years came with lackluster demand due to new federal emissions raising truck price tags and the sour economy halting key industries such as construction and shipping. Mack signaled an about-face in 2010, ending the year with 21 percent stronger sales than in 2009, which was the truckmaker's worst year in at least a decade.

Mack and many other truckmakers have reported strong truck sales this year as transportation companies replace aging fleets, industry experts have said. Competitors such as Freightliner have also added workers to production facilities.

Volvo AB, which also owns Volvo and Renault brands, reported Friday that its second-quarter net income gained 62 percent to 5.12 billion kronor ($816 million) from 3.15 billion kronor a year earlier. The profit beat the average estimate of 4.82 billion kronor in a Bloomberg survey of 14 analysts.

Bloomberg News contributed to this story.

As Tony has repeatedly stated, he makes company decisions based on protecting that investment.

SREH, no bid, ENTI screen shot present time says no bid on that one. Unsure why you would say Tony has protected that investment, when so many people lost most of their investment. His track record does not support your claims IMO

I will add that it's admirable that Tom has not taken a salary to date, that should policy for Tony and Rick, I have reason to believe they have profited at the expense of the common shareholder

Also the PTEL div is still in some doubt, by no means a sure thing.

@musicmatrixceo's Tweets are protected.

Only confirmed followers have access to @musicmatrixceo's Tweets and complete profile. You need to send a request before you can start following this account.


He wasn't locked a few days ago, or any other time i could remember, but don't check often.

It was amusing to read tweets in the past, shorts are done, I build successful businesses etc, etc, lol

Noticed Tony Tweets are now locked.

if you look further into 3pl operating software of the major motor carriers, including Schneider Logistics, its TMW Systems. Look at their explosive growth:

http://www.inc.com/inc5000/2009/company-profile.html?id=200921270

This is a follow me type of industry. I have confidence MYFT's software is the best in the industry.

MYFT is on the cusp of success, its a matter of time IMO

Terms of MYFT's cloud software applications contract with Schneider not disclosed, hopefully it will in the audit. I am confident the value is significant, hopefully it will lead to other business opportunities.

Helpful link to understand Schneider 3pl business.

http://www.logisticsquarterly.com/issues/16-3/3pl2011/schneider.html

Im tuned in to the industry as well, but from the heavy duty truck market.

Average age of the class 8 truck fleet is over 8 years, never been this old.

New trucks although several K more expensive due to emission requirements, are much more fuel efficient, up to 1/2 MPG. I know that doesn't sound much, but most class 8's get 4-6 MPG, fleets accrue up to 200K miles per year.

The same level of commitment motor carriers require to stay competitive through fuel efficiency is the technology to drive the most efficient routes and manage their business functions. Yes this includes 3pl's

Ok what did I miss?, away on biz this week. Glad you mentioned cats haha.

Im patient, no plans to sell. By looking at the over all market, you aren't missing out on much, yes there are exceptions, gold, silver, etc.

Not unless you want to take a chance on a trip 000 lotto. I noticed M stock moved this week, if you know anything about solar the proposed biz plan is more or less a joke. Dealing with that cast of characters, it usually turns out to be a stacked deck IMO

Looking at the MYFT web site, noticed 2 new additions to the management team. Sprint PCS is HQ'd in Overland Park KS, both used to work for Sprint.

Nick Gentry, VP of Finance

Nick brings over 25 years of finance expertise across multiple industries, working with both public and private companies, serving domestic and global markets. He previously served as Chief Financial Officer with WRS Group Ltd, a diversified manufacturer/distributor in Waco TX. Prior to this role, Nick served as the top financial officer for a leading private global energy trading company.

Prior to these executive positions, Nick worked for 8 years with Sprint PCS in increasing management roles, helping to launch the original wireless business as one of their earliest employees and leading finance teams to build infrastructure to support a top 50 Fortune 500 company. Other earlier career opportunities included being Treasury Manager of a publicly traded company and a leading management position for a large county government. Nick has significant experience in capital management, investor /bank relations, financial planning and analysis, and leading finance organizations in accomplishing superior results, and having a good time doing it.

Nick has a Bachelor’s degree in Accounting from the University of Missouri and an MBA from Rockhurst College.

http://corporate.myfreightworld.com/nick-gentry

Drew White, VP of Operations

Drew White comes to MyFreightWorld from the Capitus Group, a company he co-founded. He is a broadly skilled general management executive with expertise in turnarounds and high performing, high growth companies. Drew's consulting experience ranges from sales, marketing, operations, strategic planning and business development to finance and accounting. His engagements have resulted in significant revenue increases, cost savings, and increased operational efficiencies for clients.

Prior to Capitus Drew owned and operated a boutique consulting firm, WhiteBoard Solutions. Drew also served in numerous management roles with Sprint Corporation where he was considered a leader in managing key strategic initiatives. Drew began his career in 1984 with Ernst & Young as a staff auditor. Following his tenure with Ernst & Young, Drew was the Chief Financial Officer for Gilbert-Magill Company, a small Kansas City based insurance agency and a financial executive with Directories America, a medium-sized yellow pages advertising company. Drew holds MBA and Accounting degrees from the University of Kansas.

http://corporate.myfreightworld.com/drew-white

Think about it, MYFT received an Enterprise software contract from Schneider National, the largest privately owned trucking company in North America. Would Schneider stake their reputation on a software platform that wasn't the best on the market?

look at Schneider's China operations.

http://en.wikipedia.org/wiki/Schneider_National

Schneider has expanded its operations into the People's Republic of China, providing 3rd party logistics services within China for some time. It has just recently been granted provisional authority to operate a fleet of trucks domestically within China, becoming the only American owned trucking company to be granted this authority.

Notice Mike Head shortly after the contract, stated that MYFT is now cash flow positive?

Patience = profits, not typical to most penny stocks, but I do think it will apply here. IMO

Hey Lou, isn't it great to be on the road again? I hope Willy doesn't think Im using his line?

Nice press release today.

With your knowledgeable in the industry. This statement of the PR re-affirms why we are invested in MYFT:

"I would like to remind our shareholders that while MYFT provides transportation services to the 3PL market, our technology is what sets us apart. The acquisition of ILT not only adds tremendous value to our enterprise today, but its technology is the fuel that will drive our value in the future."

Safe travels

Called T/A. total outstanding 289,891,586. This info is up-dated every Tuesday. Good chance numbers reflected transaction. IMO

Intellectual ownership of the software platform will accelerate revenue and earnings growth, and perhaps close important deals.

I view today's PR extremely positive.

Yesterday could of very well been the last of the weak hands folding, and the stock is poised for a run. Just have to wait and see how this goes. Today's action positive

Funding completed, MYFT has intellectual rights to software. (3plinabox, cloud software apps) cash flow positive, float in tight hands.

This likely has been the issue for deals to be finalized IMO.

PR states that MYFT is cash flow positive, if shown on financial statements, the interest will be there

I do like this part today's PR:

Mr. Head continued, "Our executive team is focused on the long term goals of the Company as further evidenced by the fact that we are at the completion stage of our fund raising efforts, which will ensure the completion of the financial audit and the continued growth of the organization.

"This acquisition ensures that MYFT controls the technology development going forward, in addition to eliminating the substantial fees that were paid to ILT for ongoing software system rights."

All a part of a plan IMO, nice to lock shareholders during the forward split, create the spike, sell as many shares as possible (Ricks?,) then Tony taking a walk.

Interesting to see how legitimate the debt holders were. This looks like a shell game. Audited financials? doubtful.

MYFT showing some strength today. IMO. Long term holders deserve a big pay day.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65259446

Possible explanation why PTEL dividend has been delayed

Companies and transfer agents have to notify FINRA of all corporate actions. FINRA then reviews the submission, and if they find it deficient in any of the following five areas, the corporate action will not be processed.

1. FINRA staff reasonably believes the forms and all supporting documentation, in whole or in part, may not be complete, accurate or with proper authority;

2. the issuer is not current in its reporting obligations, if applicable, to the SEC or other regulatory authority;

3. FINRA has actual knowledge that parties related to the Company-Related Action are the subject of pending, adjudicated or settled regulatory action or investigation by a regulatory body, or civil or criminal action related to fraud or securities laws violations;

4. a government authority or regulator has provided information to FINRA, or FINRA has actual knowledge, indicating that persons related to the Company-Related Action may be potentially involved in fraudulent activities related to the securities market and/or pose a threat to public investors; and/or

5. there is significant uncertainty in the settlement and clearance process for the security.


Referral of Possible Non-Compliance with SEA Rule 10b-17 to SEC Staff

Non-compliance with SEA Rule 10b-17 has been an ongoing concern, and FINRA expects the new rule to reduce such non-compliance. An issuer that fails to notify FINRA of a proposed corporate action, as required by SEA Rule 10b-17, is potentially violating an anti-fraud rule of the federal securities laws. The possible sanctions for violating federal securities laws are significant. In addition, transfer agents that knowingly aid and abet such violations may also be subject to possible sanctions. Where FINRA Operations staff has actual knowledge, it will use its best efforts to provide a list of non-complying issuers to the SEC staff.

http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p121988.pdf

Nice time to go short IMO

Notice the similarities of Echo's recent transaction, and MYFT

http://finance.yahoo.com/news/Echo-Global-Logistics-Inc-pz-1634918899.html?x=0&.v=1

Echo Global Logistics, Inc. Acquires Advantage Transport

"We are excited to join the Echo team," said Joe Larson and Matt Steckner, both of whom will continue as Regional Vice Presidents of Echo's branch office in Phoenix. "Advantage Transport's specialization and carrier base coupled with Echo's technology enabled procurement capabilities and additional modes of transportation will yield significant customer benefits."

In calendar year 2010, Advantage Transport generated approximately $26 million in gross revenue and is expected to be immediately accretive to Echo's earnings.

http://finance.yahoo.com/news/myFreightWorld-Expects-25-iw-2401965954.html?x=0&.v=1

The gross effect from the signing of the agreement with FMI, coupled with myFreightWorld's current client base, similarly increases current annualized managed revenue to $268 million. MYFT expects over $25 million in gross revenues to be added over the next 12 months as a consequence of this strategic venture. The company is currently profitable and seeking additional strategic targets to close by year-end.

Im holding, and still confident in MYFT. Hang on.

If the audit is completed, will likely open up a string of positive news.

Mike Head stated his desire to go to the Naz, I have every reason to believe that will happen in the future as well.

I stated this before and it seems to mesh with the May 18th PR.

J. Michael Head, CEO of MYFT, stated, "The agreement with FMI will allow MYFT to improve its position in the retail LTL market and will be a significant value add for several future vertical integration targets. Our focus is not to be a small participant, but a global influence in the worldwide logistics markets. Our 'Roll Up' strategy will be executed as a separate retail operation and will be independent of our IT and services activity in order to maintain integrity in our mission to serve the 3PL market only. We have talked to several target roll up companies that have expressed an interest as soon as we are in a position to regenerate our strategy."

In summary IMO, MYFT will be independent stand alone serving the 3PL market.

If it is indeed true the Cloud software platform is everything that we think (and I think) it is, Mike will roll up complimentary companies and structure it similar to ECHO. MYFT could very well have a competitive advantage.

Seat belts fastened?

If there was an immediate need to raise 20K right now selling shares on the market ENTI would go to no bid.

Equity line of credit means a creditor is given shares at a discount in exchange for cash that usually paid in monthly installments. Its more or less toxic financing to companies that have no other method of raising capital.

Share buy back not in the cards IMO

if you look at it this way, approx 12-13 billion shares have been sold lets say an average of .0008. That equates to well over 9 million dollars in the sale of stock.

What happened to the money? look at the MMX web site Even if its 1 million, or perhaps 2 million in development costs by an outside company in India, that leaves 8 million.

Tony supposedly gets 120K. If you add rent, other employee expenses, legal, marketing, and a few artists. The numbers simply don't add up. No this isn't a Madoff, however money has been made, and the shareholders who held long positions weren't the beneficiaries IMO

2 great ppl added IMO. Both made positive contributions to the board. We waited a long time for the biz plan to come together on MYFT, perhaps our time is near for the patient investors. We deserve it.