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Wednesday, September 28, 2011 11:39:37 PM
http://finance.yahoo.com/news/247MGI-To-Create-a-New-Non-bw-3235676185.html?x=0&.v=1
Press Release Source: 247MGI, Inc. On Monday September 12, 2011, 7:38 am EDT
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- 247MGI, Inc. (PINK SHEETS:TOFS.pk - News) (“247MGI”) has decided to create a new, Non Convertible Preferred stock to raise cash to further expand new operations and purchase shares of its Common stock out of the market, reducing its current tradable float. The new Preferred fits into the Company’s plans to file an S1 Registration after the merger to resume trading on the OTCBB.
The Company plans on raising $2,500,000 by offering 5 million Units of a new Class of Preferred stock that is not convertible into Common stock.
Just watch the PR's coming to confirmed all your huge doubts!!!
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