Mobilepro Corp (fka MOBL)

[Tom Doniphon]

I'm thinking the increased vol might be MOBL followers (what few left) or stockholders looking for a way to recoup some lose.

As I stated earlier on paper this investment looks great but I'm not quite ready to jump into the rathole yet.

On January 5, 2008, the Company entered into an agreement to purchase 2,666,667 shares (approximately 31%) of the outstanding common stock of Microlog Corporation (“Microlog”) from TFX Equities, Inc (“TFX”) for $1,000 in cash (the “Microlog Agreement”). (Home run so far!)

The Company also received from TFX $2,000,000 of 10% subordinated notes, due from Microlog on January 5, 2011, that are convertible into Microlog common stock at a price of $0.10 per share, warrants to purchase 100 shares of Series A convertible preferred stock of Microlog, and warrants to purchase 750,000 shares of Microlog common stock at an exercise price of $0.10 per share in connection with the Microlog Agreement.In addition, the Company invested $250,000 in cash directly in Microlog in exchange for a 10% subordinated note with a face value of $250,000, due January 5, 2011, that is convertible into Microlog common stock at a price of $0.10 per share. (2011 is a long ways off)