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OK, got it posted. Check it out.
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
no more than 2 hours, it sure would help if every one would just post positive DD and not worry about the other, that would free up time!!! (and every day after this one, lol!)
got some other non iHub items got to tend to.
Give me a while, but tonight I will have some info from the company on the board. Got to check some numbers and get some previous share structure info together before I post a screen shot of what I got...
I got something cooking in the $TOFS pot, be patient, might be up tonight on the board....
I told the CEO back 3 months ago there was a problem with the DTC, Jessica contended up and down it was just a Penson issue. LOL!
I do hope they get it cleared up, I like the whole idea of southern tea, but they have a long ways to go. If they get the DTC issue cleared up I would like to buy some .0001's or 2'sssss but that is a BIG IF!
Gonna miss ya JD! Anytime you change your mind, just let me know. Thanks for your time!
QUICK SELL! THE PPS HASN'T CHANGED AND MIGHT CLOSE GREEN! LOL!
good hits coming in
That was called a buy, better look again
WOW, who slapped that last one? 12 + mill?
CLICK ON "FOLLOW BOARD"! $TOFS #1 on iHub
Hey, I like that Baron profile pic! Good job!
38% jump on 17K volume, if we get any significant volume, dollar pps is not unreasonable
Today
OS is 54.9 mill!!!!
The ss is low, 20 mill volume would send it through the roof
Force Energy Corp. Completes Phase 1 Due Diligence, Verifies Lithium Resource on Zoro 1 Property
Force Energy Corp. (OTC.BB: FORC) (FRANKFURT: FC2) (hereafter "Force", "the Company"), a junior Lithium and Rare Earths mineral exploration company, is pleased to announce it has completed Phase 1 due diligence of its Zoro 1 pegmatite-hosted lithium property in west-central Manitoba, Canada. The exploration program has verified that the property hosts a non-43-101 compliant historic resource of 1.7 million tons of lithium grading 0.95% Li20.
Force Energy's Zoro 1 exploration program is designed to confirm the presence of lithium-bearing pegmatite and to confirm historic ore reserves. New diamond drilling will provide a current grade and tonnage for the deposit and assess the potential to expand the resource.
Phase 1 consisted of locating, power washing and channel sampling spodumene-bearing pegmatite exposed in 16 trenches on the property. Force Energy's field crews channel sampled 16 trenches at the target resulting in the collection of 165 samples each 0.5 m in length, 7 cms in width and 7 cms in depth. An additional 6 new trenches discovered by prospecting on the property were also sampled. All samples were analyzed at Activation Laboratories (Ancaster, Ontario, Canada), an ISO-Certified Laboratory.
Analysis of the channel samples collected from historic trenches in the pegmatite target have confirmed that a significant zone of lithium mineralization is present on the Zoro 1 claim. With the current and future importance of lithium and the mineralized zone at Zoro 1, Force Energy is now preparing for Phase 2 of its program. This Phase will assess the third dimension of the deposit and its historic resource, and determine the economic viability of mining the resource.
"This verification of historical high grade lithium resource gives Force greater incentive to further investigate the Zoro 1 property," states Mr. Tim DeHerrera, President of Force Energy Corp. "We will continue to expand this lithium resource through continued exploration with the hopes of further discoveries on the property. We believe the existing historic resource, coupled with the potential for additional resources on the property, position the company to add shareholder value as we work to determine economic viability of this project."
Prime Equity Research states the following third party economic assessment of the Zoro 1 Deposit. Drilling indicated Lithium mineralization: 1,727,550 tons of the Lithium Oxide bearing mineral at a range of recent Li20 prices with no consideration to the costs of extraction, mining & processing is the following: For Full Report see: (http://www.forceenergycorp.com/prime_equity_research_rep.pdf)
Indicated Li2O Tonnage
Li2O Price/Tonnes
Gross Revenue Potential
1,727,550
$130
$ 224,581,500
1,727,550
$135
$ 233,219,250
1,727,550
$140
$ 241,857,000
1,727,550
$150
$ 259,132,500
About Force Energy Corp.
Force Energy Corporation (FORC) is a Lithium, Rare Earth and Hydrocarbon Exploration and Development Company based in Denver, Colorado.
Force Energy plans to explore and develop its Zoro 1 Lithium property located in the Snow Lake area of west-central Manitoba, Canada. Drill-indicated lithium mineralization on our Zoro 1 property coupled with data from channel samples in one blasted trench gives a historic total undiluted tonnage of 1,727,550 tons grading 0.945% Lithium dioxide.
Force Energy also maintains a 50% working interest in the Hayter Well, a Hydrocarbon well located in Alberta, Canada.
Force Energy Corporation's shares are publicly traded on the OTCBB under the ticker symbol FORC.
www.ForceEnergyCorp.com
Legal Notice Regarding Forward-Looking Statements
Legal Notice Regarding Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward-looking statements are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions or that events or conditions "will," "would," "may," "can," "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in the Company's periodic filings filed from time to time with US Securities and Exchange Commission at www.sec.gov.
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). They may not be offered or sold in the United States (as defined in Regulation S under the Securities Act), except pursuant to an exemption from the registration requirements of the Securities Act.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms such as estimates of a mean of undiscovered natural gas and estimates of a mean of undiscovered oil that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K and other periodic reports filed by us from time to time with the SEC, available from us at www.sec.gov. You can also obtain this form from the SEC by calling 1-800-SEC-0330.
Contact:Parkside Communications Inc.Phone: 1-877-798-4165FORC@ParksideCommunications.comwww.ParksideCommunications.com
SOURCE Force Energy Corporation
There ya go, we have lithium
hahaha, here is the sort volume for TOFS last Friday
20111028|TOFS|9683954|0|38974285|O
9.68 million
Good try though
No, they are restricting all penny stocks under .01, TOFS is fully DTC eligible, fully OTC reporting, reporting to state regulatory authorities, gearing up for OTCBB upgrade, s1 filings with the SEC.
This topic is a dead issue. Search the board, you were part of the discussion last time.
EXACTLY!!! O/S is heading to 500,000,000 and TOFS IS DTC ELIGIBLE.
You need to go back and look at the DD, you made a huge oversight in what is about to happen to the share structure. mark this post for later reference.
TD is my broker, no problem at all buying TOFS, what you are saying is untruthful and no factual evidence whatsoever. Matt has TOFS fully DTC Compliant and a TA that is NOT GAGGED.
but hear this - last time I am saying this, THIS IS NOT THE PENSON - TD AMERITRADE BOARD, do you need my assistance in finding that topic?
You may not have the chance to buy them, I hope you got what you want, float is about to be locked, why do you think the heat is picking up!!! LOL! YOU GONNA BE RICH DUDE!
No problem here, buying TOFS all day long
Penson issues are nothing new, old news, switch to a non Penson broker, that simple. There are other boards you can discuss that year old news on and get better responses. We are here to make money, not support Penson.
$TOFS is fully compliant and about to be uplisted to BB. Matt has been in contact with the DTC all week to make sure shareholders can trade immediately after name change. How cool is that!!!
GREAT COMPANY - GREAT CEO!!!
This is going nowhere, almost 7 bill O/S???? DTC STATUS REVOKED!!!! Yea right!
You can get all the cheapies you want tomorrow.
Are you gonna buy me a years worth of pm's if TOFS goes to dolla land?
Can you smell what Matt Dwyer is cookin' ????? WOOOHOOO
I am so happy to see negative $TOFS sentiment along with all the GREAT POSITIVE COMMENTS AND DD!
Come on longs, can you not do the math and see that we have some extremely nervous shorts? They may have finally figured out what is about to happen and will stop at nothing to kill a coming run.
IT DOESN"T SHAKE ME, THE ONLY THING IT IS DOING TO ME IS CONFIRMING , I'M GETTING MY MONEY READY TO SSSLLLAAAPPP THAT AAASSSKKK!!!! ADDING TO WHAT I GOT ALREADY!!! WOOHOOO!
Wait until you longs see what happens, don't know if it is this week, but very soon...
WARNING TO THE BOARD: Personal attacks must stop or mods will take further action. Way too many posts are being deleted and we are spending too much time reviewing post.
The "ignore" feature works great on iHub. If you do not like what someone is posting, ignore them and you will not have to see what they are saying.
Heavily manipulated at the moment, BUT he said during the CC he would not sell before .05, just as you just said, he is very well connected. You know as well as I do that he is more than capable of leading $TOFS there and beyond.
He is letting certain entities have their fun for now, but.... hehehehe! that's all I am gonna say about that!
CEO is very open, good communication, responds to emails almost immediately. They are bringing more financial guru's on board this year. Name change coming this month. Share reductions continuing, private investors coming in REAL SOON!!!
I think you need the Baron Shield for you profile pic! I am ready to see some ASK slapping Monday
Legitimate full service broker in a nutshell!
Welcome Kop! I really hope to hear you are getting in! Check out the iBox I got here. Simple but should give you direction.
BTW - that 100% gain sure was nice Friday!
I would recommend calling Matt Dwyer! The way he clearly carries his voice, his style, I am thinking it would be a one sided conversation when the comments about scam and dilution started!!! hehehe! GO TOFS!
Let me clarify something, if you expect to get a 500% return next week, you are probably going to be disappointed. If your expectations are a huge immediate return, you are in the wrong stock, you should probably sell your $TOFS and find a good P&D that has huge short term gains. Just follow the pennystock ads and newletters.
But if you want a good solid speculation of potential high returns in the future, put your bid in on $TOFS, try to slap the ask will you are at it.
Since you are a long , all of us should be able to take up the slack and buy them up!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67539978
Something huge is coming, and I mean huge, all I will say is if you are looking for a 500% return next week, go ahead and sell $TOFS, this is not a typical pink that is pumped then dumped.
If you don't believe Baron Capital is real, call right now and listen to the professional answering system. BTW - you can leave a message right this very second. Go look at all the filings to the OTC and Florida regulatory agency.
If you think Baron is a scam or there is dilution, call Monday and talk to Mr. Dwyer. It amazes me no one spoke up during the CC, every opportunity was there for everyone to speakup. Matt is the only one that can answer for the company.
The O/S was 1.274 (more or less) bill the day before according to the TA, OTC was never updated because financials were coming out
BARON Releases 3rd Quarter Numbers Assets up 696% from Year End 2010 Liabilities Decreased by 75%
247MGI, Inc. (Pink Sheets: TOFS) (“247MGI”) soon to be known as Baron Capital Enterprises, Inc., (www.baroncapitalenterprise.com) is pleased to announce the Company has posted its financials for the period ending September 30, 2011.
The Company stated the Assets would increase by 10 fold from June’s report and has exceeded that. In fact, they are up 696% since year end December 31, 2010 just 9 months ago. At the same time, the Company stated its liabilities would be reduced by 40% from June’s report and yet we have exceeded that as well. In fact, the Company started the year off with total liabilities of $1,889,320 as of March 2011.
Matt Dwyer CEO stated, “We are extremely excited about the report. It reflects all the hard work we have been putting into the Company to clean it up and make it viable without having to do a Reverse Split. We look forward to wiping out the balance of our liabilities and reducing our overall share structure over the next 6 months.”