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SCHWAB SAYS NEWS!
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)-- 247MGI, Inc. (Pink Sheets:TOFS) ("247MGI") is pleased to announce through its wholly owned subsidiary Baron Capital Holdings, LLC, TOFS has officially completed the acquisition of Baron Capital Transfer and Registrar, LLC, a stock Transfer Agency registered with the SEC.
The Company shall be profitable during the fourth quarter of 2011 and should have projected revenue of over $10 million for fiscal 2012 from the investment division alone, not including fees generated from the Transfer Agency or any of its brokerage services.
The Company has filed with the State of Florida an Amendment to take effect November 1, 2011 to change the name of the Company to Baron Capital Enterprises, Inc., (www.baroncapitalenterprise.com) this will give the Company time to work with FINRA to complete the name change and obtain a new trading symbol.
Through a series of subsidiaries the Company shall complete its objectives, the first two subsidiaries to become active are the Transfer Agency which shall commence operations in October; this will generate revenue for the Company, and act as a conduit for other business opportunities. The second division will be the investment division which shall purchase aged convertible debt or participate in private placements. These ventures usually bring a high rate of return. This division alone will start out with several hundred thousand dollars of aged convertible debt which it will begin converting and turning into cash for the Company to use during October.
The investment division will fall under the brokerage side of the business. The Company plans to purchase two separate firms, one for trading and clearing of securities and the other for retail investors. The retail firm will use an online platform to maintain low operating costs, while using the other firm to clear and handle trades. The Company has been doing extensive research to find suitable candidates that will fill these spots and should be placing a deposit on one in the coming weeks.
Over the next year the Company will register with the SEC to act as a clearing agency to help offer companies an alternative to DTCC as well as create a secondary market place for companies to trade. These ventures will take time to complete, but will truly make Baron Capital a "one stop shop."
During the coming months the Company looks to expand the Board of Directors with local business leaders and people who can add creditability to the overall Company, as well as adding additional Officers while being cost conscious.
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.
<img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20110928005767r1&sid=acqur&distro=nx" />
Source: 247MGI, Inc.
News Provided by Acquire Media Corporation
lol i'm getting prepared
My girlfriend's family is in Illinois...gotta stop and see them on the way...flatlanders
I'll be up in Wisco this weekend...hoping to find time to go to the Packer game sunday. You guys having good weather?
lol thank you
lol who is this you keep referring to?
LOVE THIS
lol get'em!!
and they're probably all people on this board lol
lol FUN!
Anybody want to argue about brokerages???
i saw that lol
it's pretty ridiculous isn't it? lol
Well here's hoping its stuff you can share soon! :)
that's what i like to hear :)
As I just said, if you would read my posts a little more carefully you would see that I am NOT asking for more advice. I have already transferred my account to Schwab and it will hopefully be up and running this week.
Understood. Thanks
I understand that and I was the first here to alert the board to what was going on, WITH screenshots of exactly what Zecco said. I shouldn't have been vilified for it, I was only seeking help from the experienced members of this board as I am relatively new to this and the terminology Zecco used did not sound good.
Instead of receiving help I was called a fear-mongering liar and now a week later OTHER people are still posting the same/similar things and its ok. Just wondering about the double-standard.
great news, hopefully more to come ASAP
nice, if i wasn't all in here i might have traded some of that too. oh well, once this pops it will hopefully leave me with a respectable trading account where i can actually take significant positions like you big boys :)
hahahaha god i just wish this stock would move so there would be more interesting things to talk about
hahaha nice!
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
lol @ reading comprehension
i think you did great! i got reamed a new one last week on this very board for having the exact same issues you are having. :)
that kind of talk isn't appreciated here lol
Dude thanks for posting that, I had no idea there were free real-time L2 streams available. Its also essentially free real-time price quotes too. Very nice.
wait, so i was telling the truth???
*gasp* more people having problems with Zecco?? BURN THESE FEAR-MONGERING POSTERS AT THE STAKE!!
after 12s, MMs stack 13s...then 14s....come on people the ask is NEVER as thin as it looks
its halted in Zecco...what a bunch of schmucks. I can't wait until my account is up and running at Schwab!
that can't be real time right?
LMAO! 9s??!??? This is interesting to watch...wish I had some money.
People usually talk about an R/S being a bad thing but in a case like PGIE...would it really be that bad??
Someone here posted an email yesterday where Dwyer said it would be in "the next couple days" so sounded like he was thinking Friday.
What do you mean by that?
That would be pretty awesome. I'm in the process of moving to Schwab right now but I would definitely switch over to Baron if they do what they say. :)
you're not the first person to post about Scottrade "issues" here
http://www.otcmarkets.com/stock/TOFS/company-info
share structure still not updated here. my guess is we don't see a price spike until everything is "official"
i'm from wisconsin myself, got family back around madison. moved down to tennessee a few years back.