MSGI Technology Solutions, Inc.(fka MSGI)

[brwtrpilot]

"Company with letters of agreement that the various notes shall be extinguished and that the principal balances of these notes of approximately $1.9 million, plus any and all accrued interest thereon, would be converted into shares of common stock of the Company at an exchange rate of $0.20 per share. Further, it was agreed that these shares will be locked up and will not be eligible for trading until at least December 31, 2010. "

_________-
There is still along way to go that is for sure and I will have to re-read the filing to get a total grasp on it but nothing jumped
out.. I am sure there is a lot of room to discuss the whole filing
but in a nutshell they are still hammering to get it done and there is a lot of risk for the investor. but it seems there are at least 880 who are willing to take that risk..