MSGI Technology Solutions, Inc.(fka MSGI)

[waltczyk]

SEC did not tell msgi that it can not conduct any future or present business. It told them to meet the legal requirements of being a public company in an ethical manner. There are rules to be followed and msgi did not follow the rules and they got a slap on the wrist for not following the rules. Shareholders lost money who have done nothing wrong other than buy shares. This unfortunately is not an exception in pennyland.

JB is not innocent in all of this and in no way shape or form has he even done the minimum to restore public confidence in the company. Hell he never said one word to shareholders about the fiasco that took place. He is scum, a highly educated piece of scum.

SEC didn't make JB do anything. He signed the document to save his own butt. Just like all the penny scammers that get busted.

It wouldn't take much to get all the proper documents inorder to relist - this company had no business so even an incompetent accountant could put the numbers together for the past several years and there are thousands of audit firms who would sign off on them - the fact that nothing has been done can only be for one reason. The share count is a complete mess and they do not want to deal with it nor disclose it. Until they do so, we have no company and we don't have even a shell.

Whatever assets msgi had in terms of licenses etc is long gone. That is no longer our concern as they are gone and the majority shareholders whoever they are know exactly what has happened. I assume JB is major part of this.

We can blame the SEC all we want but the fact is - SEC has done nothing wrong. Perhaps we can argue that it didn't act fast enough. But again, saying that the SEC has something to do with the failures of MSGI is like saying hurricanes only happen because we have insurance companies.