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I do feel for those who bought in high yesterday. I got out today with a nice little profit, but if it goes back down, I'll look at reloading.
You might be right. I've been in a few of these type runs before. My feelings toward the company haven't changed, but I bought in at .0002 when I saw those getting churned up. As they say, "if you can't beat 'em, join 'em." GLTA
When SUNR gets in, big things happen. I've seen them on other pinks before.
And they filed an "Action/ Amendment" today as well. That could just be the reinstatement documents, not sure?
Huh? Still some 4's to get through before the 5's hit.
Any panic selling was minor, the selling was all dilution IMO. Let's face it, this PPS is still garbage, but it doesn't stink so bad. I think these are inside buys on some sort of event about to take place.
The only thing I can't explain is any one or two tick flippers seem to be absent.
I'm not sure what's going on here. I expected Matt to stop with the dilution today and give the PPS a chance to rise some so that he could dump more later, but that doesn't explain the furious buying. It looks like something inside is going on. Maybe there will be some kind of announcement coming up. Not that I trust Matt one bit, still think he's scum, but hopefully some of the people losing tens of thousands of dollars can recoup.
We now have to get any current share structure information directly from Matt. I received an e-mail from the T/A with an attachment stating that we have to go directly to the issuing company to get that information.
I followed up with a phone call to Bryan Blank at Continental and he stated that is for all companies that they act as the transfer agent for, not just TOFS.
Maybe people already knew this, but I haven't read every post.
The market's are open, the banks are closed. The only difference is that there are no settlements when the banks are closed.
Holiday Schedule:
http://www.rightline.net/calendar/market-holidays.html
You're exactly right!! The truth is an affirmative defense.
I've heard he's a lawyer, but I don't believe that. Just look at the e-mail he sent accusing someone of slander. If he was a lawyer he would've accused him of libel since slander is not applicable to the written word.
Would've been nice if he let people know when he plans to stop dumping and driving this stock to no bid. But then again, he's the only one making money here, so why would he care
They've been found guilty of fraud. Do with it what you will. There's some shady characters behind the scenes here.
I don't know the details of the case, so I can't comment on it. Honestly I'm not too interested in finding out either, my point is that they were found guilty of fraud. There's more out there too, just putting some info out there so people have an idea and can do their own DD.
Peace
Looks like they have been found guilty of fraud. There are other lawsuits listed in the filings against the Dwyer's accusing them of fraud, but I'm not sure of the outcome. This is just a start for those who want to do their DD.
Look under the subsection "Legal Proceedings" in the following filing:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=5646670
If I had PM I would respond that way, but I think you know by now Matt Dwyer has a lot to do with RIGH. Is Joseph Dwyer still with Righ?
Can this guy stick to a business plan? The more he communicates, the less credibility he has with me. So in essence, since last week's fiasco, the end result is that the A/S was/ will be only raised by 300 million.
Great job Matt!!
Open question: Anybody know what Matt means when he talks about RIGH being "tradable"? TIA
Good news. Thanks for staying on top of things and keeping us updated! It's much appreciated. Let's hope this thing runs again like it has in the past.
Hey Kilo. Good to hear from you. You know I respect both you and your opinion, but on this issue I have no confidence in Matt. He may be able to make things work, but I really think he's driving the bus off the ditch here.
It's a real catch 22. I don't think he's started diluting yet, but we know he's going to. He added the billion shares when the price was in the trips. Now he needs to raise cash. He said the lower the PPS, the more he'll have to sell. The current PPS can't handle much more. If he holds off and tries to give the PPS a chance to rise, then at some point he's going to sell into that and kill off any progress.
It would have been a lot different if the PPS was at say .0025 and had some room to handle the dilution. I hope he can make things work, but he's just lost credibility with me.
I only want to see everyone make money here, but I just can't get behind him. Time will tell.
P.S. If it makes you feel any better, my Aggies are in much worse shape than TOFS.
Where did you find this? I'm sure it will be a comical read.
The easiest affirmative defense to defamation is "the truth". As I said, Discovery could open up and reveal all of his information. That would reveal the truth.
Incredibly well put Pharaoh!!! There's very sound reasoning in your questions.
I think Matt's a deceptive scheming scumbag who's the same or worse than most pinky CEO's, but at this point I'm not sure he's violated any regulations or laws. But then again, I don't practice Securities law. We do have a few folks around here playing internet attorney that you may wish to consult with.
I find the Dwyer apologists befuddling. On October 3rd, Matt said he was going to "fast track" the A/S reduction over the next 90 days down to 1.2 billion. Let's face it, for those of you who say "Well what did you expect?" "How did you think he was going to do it?" Never heard one word from any of you that he would throw an extra 1 Billion shares into the A/S. And why did no one say such a thing, because Matt never said such a thing. All he did was say he was going to "fast track" the share reduction.
Not to mention, according to one poster, Matt has not yet begun buying shares on the open market like he said he would.
Call him a liar, deceitful, less than forthright, or misleading...whatever you want to call it, but don't say this should've been expected.
Source:
http://baroncapitalenterprise.com/index.php/blog?start=5
Press Release Source: 247MGI, Inc. On Monday October 3, 2011, 9:19 am EDT
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- 247MGI, Inc. (Pink Sheets:TOFS.pk - News) (“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.
It would have been much different if he had informed the investors of his plan, etc. and then stated that there would be a temporary increase in the A/S.
Instead he was deceitful and I assume thought he could sell into the news. Add to that the unprofessional manner in which he handled the uproar and he has lost all confidence with many people. For crying out loud, The Mighty Thor goes on another message board here and pumps that stock which is the one he needs to get some money coming in. But he did not come to the TOFS board to answer any questions, even when asked. Not to mention he was actually bashing on a TOFS investor on the other board in a very immature manner, his lack of proper grammar and spelling aside.
It's these kinds of things that substantiate the issues in his past. This is just but a small bit of why many have lost any confidence they once had.
Matt's transparent in a way that I don't think he had hoped to portray himself. I think many people's opinions are that a leopard can't change its spots.
Yes, but that other CEO that you speak of is, and has been, very involved with this stock and the supposed soon to be reverse merger.
He was on here the other day trying to pump up the stock. Look through his posting history. He's very involved here.
GLTA
"the lower everyone drive the price the more it will be..." Matt's poor grammar, not mine. He said it in this e-mail to Ripnrog:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68579297
The only thing forming in the chart is the impending Death Cross. The 50 day MA is really starting to move toward the 200 day MA. If there's not a rapid rise in PPS it will get here sooner rather than later.
It seems there's only a handful of posters who are happy with the way things are going here. Interestingly I've only noticed them posting the past few days. If they got in really low and can flip for a tick or two, kudos. I expect most people think a close at .0006 or .0007 is horrible, while the new faces think it's "To da Moon!!"
Matt may lay low for a while before he starts dumping, if for no other reason than he got called out on this. But make no mistake about it, his intentions are to sell and he stated, in writing mind you, that the lower the pps goes the more he will dump into the market. Matt's printing press is filled with ink and it's just a matter of time before he cranks it up.
When he says shareholder approval, he doesn't mean the investors anyway. It will be the same one or two majority shareholders who voted to authorize the billion increase in A/S.
Matt's going to be pumping out everything he can to try to cover himself and increase the PPS. I wouldn't be surprised to see a lot of PR's coming out.
And Matt did say that the lower the PPS goes the more he will dump. For those that didn't read his e-mails, that comes straight from the horses mouth.
Yeah, as long as it can avoid the death cross that seems to be forming. If things don't change it will be here by months end IMO.
24,627,566 shares were sold into the bid at .0005 today. I just went over the tape. Total buy volume was 12,265,455 and total sell volume was 25,372,566. So no, the ask was not hit at .0005's more than the bid.
This is going to be one heck of a dilution machine, well, more than it already is.
There were only 280,000 shares bought at .0006 today. It will take 100 times that just to get through the .0006's!!! A few days ago .0007's were a huge disappointment, now if it can close at .0007 it will be hailed as a massive run LOL. And just think, Matt hasn't even started up the printing press yet, he's just loaded it with ink. He would've dumped big time today if he hadn't gotten called out yesterday. He's scum of the earth IMO.
Gotcha on your other point.
That is one serious attempt at spinning what Matt's done.
Press Release Source: 247MGI, Inc. On Monday October 3, 2011, 9:19 am EDT
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- 247MGI, Inc. (Pink Sheets:TOFS.pk - News) (“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.
I know, but a few posters have confirmed it. He confirmed it both via e-mail and telephonically to some other investors.
Of course there's news today. Put 2+2 together. On Monday he increases the A/S by a billion shares without warning or a word to investors. In fact he stated he wouldn't do such. It's my opinion he planned on dumping into the news today.
In fact I'm of the opinion he's been dumping into the news all along. Just look at the trading history when news comes out. There's always a major dumping. And again, he's way too concerned with the share price and the sell off yesterday, big red flag IMO. I believe he just wants a better price for his dilution.
What's worse is he's pumping up RI*H on that message board, which is necessary for TOFS, but will not stop over here to address the shareholders.
Neither him nor his word mean anything to me. He's working with unnamed Florida companies. Could he have an inside relationship with them as well?
It will be a very interesting day to say the least. Matt has damaged his reputation, character and integrity to the point of no return IMO. I for one will not believe what he says, he's already broken his word and showed his true colors the past few days.
GLTA