Marquie Group Inc (TMGI)

[cjstocksup]

I think this is very important for all MYLI shareholders to read. 46 million shares were purchased at .0054. They appear to be pretty tightly locked up along with insiders shares as insiders are also more than 10% shareholders.

On March 23, 2016, an investor trust executed a Subscription Agreement to purchase in two tranches a total of 46,000,000 shares of Company common stock. The first tranche was 18,400,000 shares for cash proceeds of $100,000 (which was received March 24, 2016). The second tranche is for 27,600,000 shares for $150,000 (which is due on April 23, 2016).
...said "investor trust" just went long. If one has beneficial ownership of 10% or more of an issuer's securities that owner is considered an affiliate (or an "insider-equivalent"). Can only sell 1% of the OS every 3 months. Odd play by one "investor trust" entity...in my opinion...

18,400,000 shares for $100,000 = $0.0054 per share.
27,600,000 shares for $150,000 = $0.0054 per share.

These 46 million shares are not part of the float as they are (supposedly) owned by a 10% beneficial owner and cannot be readily sold.