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OTC UPDATE - TOFS Security Details
Share Structure
Market Value1 $1,280,000 a/o Oct 04, 2011
Shares Outstanding 1,394,022,614 a/o Oct 04, 2011
Float 927,022,615 a/o Aug 11, 2011
Authorized Shares 1,400,000,000 a/o Oct 04, 2011
Par Value 0.0001
Got an email from Mr. Handy. He said we can expect a company update in the coming weeks. He could not say more than (for legal reasons) that when I asked about the increase in float for the acquisition.
He also has checked out the iHub DNAD board, had positive comments.
Nothing earth shaking but thought I would share the immediate reply from Elite.
247MGI to Reduce Its Outstanding Shares and Post a Reduction in Liabilities by 40% and a Ten Fold Increase in Assets
247MGI, Inc. (Pink Sheets:TOFS) (“247MGI”) soon to be known as Baron Capital Enterprises, Inc., (www.baroncapitalenterprise.com) is pleased to announce that the reduction in the Authorized shares has been completed by the State. Once the Company has received the stamped documents it will forward those to the transfer agent.
The Company had set a goal to reduce the Authorized shares again by an additional 200 million prior to the year end and is well on its way to doing so. As of next week, the current number of Outstanding shares of the Company shall be reduced by 100 million shares.
Matt Dwyer, the CEO, stated, “If the price continues to trade in this range the Company will seek to purchase back as many shares as investors are willing to give away. We have worked hard to separate ourselves from the typical company traded on the PinkSheets by reducing the share structure and adding value to the Company, but if some people want to drive the price down then we have a responsibility to our shareholders to grab as many shares as we can.”
The third quarter which ended September 30 has brought tremendous changes to the balance sheet of the Company. The total Liabilities will show a reduction of over 40%, while the Assets of the Company will increase by over 10 fold. This will be the first time in 8 years the Company’s Assets will exceed its Liabilities. The full 3rd quarter financials will be posted by November 1.
During the Fourth quarter the Company will work on generating revenue from its investments and transfer agency, decreasing its liabilities and adding new members to its Board of Directors.
In other news:
The 3rd of the 4 payments to Dr. Peskin will be made on Monday leaving one last payment due on the 26th of October for $36,333. Once this payment is made a release of lien will be filed with the court house in Broward County putting an end to this matter.
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.
The rising Accumulation Distribution Line shows accumulation / stealth buying pressure. Based on the theory that volume precedes price, chartists should be on alert for a bullish reversal on the price chart.
That may very well be the reason then, at least we did maintain the change of category.
I like GRDO, I know the pps has held steady with strong hands, I am one of them, but the MM's get word of 15sof and the volume comes, they will manipulate it to death. I think it should be illegal, but I have seen it too many times. I am averaged down to .0008 from .003, at least I can get a little profit before the 1 tick flippers but nothing can be done about the mm's, there is no one in the pennies with that deep of pockets to beat them at their games. JMO. I am not bashing your statement, just being realistic of what I have seen here and other pennies.
I have a dream that one day I will wake up and 15sof has gone viral and the pps went to $3 a share. And that will be the only way that it will jump quick, is by going VIRAL, IMO
DNAD does not own DJ game to my understanding, only developed for another company
The name is still official by state filings, iHub changed it once today to Baron Capital, going to try my best to get it reverted back. Never hurts to try!
If I get told no, oh well, I guarantee you i will get pm's asking why it was changed back, I am going to submit by the rules and then if they say no, then that will be the final answer.
But it makes complete sense what you are saying. thanks
gonna try anyway!
24/7mgi is officially called Baron Capital per Florida state filings.
http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=S68597&inq_came_from=NAMBWD&cor_web_names_seq_number=0004&names_name_ind=N&names_cor_number=P97000039185&names_name_seq=0000&names_name_ind=N&names_comp_name=BARONCAPITALLVIII&names_filing_type=DOMP
The name was changed today on iHub today but reverted back to 24/7 mgi. Requesting iHub to change name to Baron Capital. This post serves as link per requirement of link to the name/ticker change announcement
Do not know why they changed the board back to 247mgi, gonna resubmit with official board announcement (in the directions), do not know if an assistant resubmitted. will get to the bottom of it as quick as I can.
I will work on the white text, that is their link, but not tonight!
Ok DNA Board check out the iBox update and let me know if you see any mistakes, GLTA
updating ibox and stickies with all the info that was not posted about DNAD
Well, it is the only communication investors are receiving from TYTN so that is the only official TYTN information and it reads that TYTN is for sale.
If it is a grammar/syntax issue, then TYTN should correct it.
The problem with that is getting in touch with investor relations, SO all we can do is go by what is posted unless you have further correspondence.
DNA Dynamics to Issue 30 Million Shares for Pending Acquisition
DNA Dynamics (Pink Sheets:DNAD) announces today that it has agreed the outline terms for another key acquisition. Working with its attorney, DNA Dynamics will issue 30m shares of restricted common stock to be released at key milestones over the next 90 days. The stock will remain restricted for at least 12 months from the date they are transferred from Escrow and will continue as restricted stock for as long as the holders remain in the business.
As the full deals terms are still being negotiated, DNAD is unable to release full details of the parties involved but, in the interest of shareholder transparency, the Board felt compelled to give the investment community as much notice as possible of the addition to the issued share capital.
The acquisition gives DNAD access to the very lucrative Social Gaming / MMO market and the many millions of online players via platforms such as Facebook™ that brings.
Ed Blincoe, CEO of DNA Dynamics, in discussing DNAD's general acquisition strategy, said, "We believe that a healthy amount of strategic acquisitions can sit alongside our very ambitious natural growth plans. There are areas of the business we are looking at making stronger such as Social Online, Licensing and Browser Development. Our strategic acquisitions will fall into those categories and our intention is to continue to grow a fully rounded business, able to deliver profitable results and, thus, shareholder value."
DNA Dynamics, Inc. recently announced that it was able to continue its rebranding exercise with the launch of its new corporate website, which can be found at www.dnadpk.com The exercise started in May with a new logo, brochureware and marketing collateral and should continue into September with the launch of the two subsidiaries' websites www.dna-interactive.com and www.dnadevstudios.com
About DNA Interactive
DNA Interactive, is a publisher of games and apps for mobile and tablet devices including iPhone apps, apps for the iPad along with apps for Android phones and tablets. Established in 2010 DNA Interactive develops, acquires and publishes games for Android and iOS devices.
About DNA Studios
DNA Studios, formerly Slam Productions Ltd, is a videogames developer based in Leamington Spa, Warwickshire. DNA Studios create Games and Apps for Mobile Devices and handheld consoles using their proprietary Rapid Application Development tool, The "Slam Engine." In 2010, the company was named by Develop Magazine as one of the top 100 most successful game studios in the world.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
Social: Baron Capital on Facebook
http://www.facebook.com/pages/Baron-Capital-Enterprises/247786651933247
If you are an investor, you should click "like this" to help the effort
like count:27
Reading back over the website, and I quote -
1) Tytan Tractor Company is not for sale ! NOT TRUE !
Baron Capital #7 on iHub Active Boards
Great close!
OK board, I need some help please, please start posting relevant stickies of latest news (ie - blog news) and I will make sure we get the sticky updated, I will be working on the iBox.
Baron Capital looks good on the board title!
Will do, thank you for noticing that!
Give me till this afternoon and I will get everything updated~
Notice to the board, vulgarity violates tos and will be enforced. The topic is TOFS.
I am in way to deep to sell. I am not going to average down till I know we have hit bottom.
I thought Mark had quit dumping after paying eom bills, guess I was wrong. My opinion and that is all anyone can give until the TA is ungagged and Mark will not answer the question, so do the math.
Today I put in a request to be added as assistant. Waiting....
The best runs have been on no news.
Thanks for the chart posts!
Will someone post an accumulation chart?
To receive TOFS board email read this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52761055
exactly, this is not the company. I feel like a huge short position is being covered (non verified statements from the CEO also said the same thing). Until the MM's let up, nothing can be done.
Flippers, maybe they will get excited about TOFS and hang on to those shares and let it run. There are 2 investors that I know of that have 30 mill plus shares and it would not surprise me if they were flipping this to death. If they would just let it go for a day or two, this stock would coast like it was on butter.
Not so long ago, much higher SS and it ran to .002 on much lower volume.
I have had requests for email alerts on news. Please sign up for email and you will receive by email any sticky in the future.
That will put a stop to alot of negative sentiment!
247MGI to Reduce Its Authorized Shares by 25% and Begin Purchasing Back Shares of Its Common Stock This Month
247MGI, Inc. (Pink Sheets:TOFS) (“247MGI”) soon to be known as Baron Capital Enterprise, Inc. (“”Baron Capital”) 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.
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.
Over the past week Baron Capital has seen the price of its common stock plummet for no reason, although the Company feels the price should be higher, it plans on taking advantage of these low levels to begin purchasing shares out of the market. Baron Capital shall open its trading account and begin converting debt from other companies and using those proceeds to purchase shares out of the market.
To help further instill shareholder confidence Baron Capital shall begin publishing monthly Security position reports on its web site effective November 1, 2011. These reports come directly from DTC and show all the shares traded in street name. It will also show if new shares have been added or if shares have been removed from the market. It also shows how many shares a particular brokerage firm holds and if any have been bought or sold during the past 30 days.
Later in the week the Company plans on releasing forecasting information on the financials for the period ending September 30, 2011. These will reflect the acquisition of Baron Capital and will show updated numbers for total Assets and Liabilities which will have changed significantly from the end of the Second Quarter.
The Company asks Shareholders to monitor PinkSheets.com and www.baroncapitalenterprise.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.
Ready for tomorrow, there is some rumors floating around of BIG THINGS at TOFS this week, in fact, SHOCKING!
I appreciate your technicals, BUT I do not agree to the extent that Baron has did anything unethical by posting a pic of big companies stock certificate. That could be a royalty free pic from any of a number of website design software packages. If that is the case, completely legal. IMO, not a big deal. I thought the website has a rather clean and well organized look, not bad for a startup.
The website just came to fruition, it might be a question to send to the CEO for consideration but to say that is the worst judgement of any pink company might be a little preemptive before we know the whole story. I will get an email out and see if I get a response, or maybe one of the folks on the board have already. PM me if anyone has already. I do not want to overwhelm the CEO with a small item like a pic, but we can and will address it on the board.
Just healthy debate.