Zoe, try actually reading the PR and stop slandering a good company. What you are doing is against the law.
247MGI Sells Large Block of Stock for $200,000 as Part of Reverse Merger for One of Its Investments
247MGI, Inc. (Pink Sheets:TOFS) (“247MGI”) soon to be known as Baron Capital Enterprises, Inc., www.baroncapitalenterprise.com) is pleased to announce that the Company has entered into a Stock Purchase Agreement to sell a large block of stock it owns back to the company for $200,000, so it can complete a reverse merger.
TOFS currently holds a large portion of convertible debt in this company and prior to the merger being complete TOFS will enter into a long term agreement with the new company to help provide additional capital through loans and equity investments. Once the company issues their own press release it will include our stock symbol so everyone can follow along.
Matt Dwyer, President stated: “This is when things get exciting, we have a percentage of return built in to each transaction, but when the market sees the deal it could have a much stronger reaction then we anticipate which would cause our returns to be greater. This will be a long term project for the Company, which will equate to long term profits.”
Earlier we had announced we would release our financials on November 1, 2011. We are trying to release them at an earlier time, possibly for the Investor Conference call on Wednesday, October 26th.
The Call in information is Wednesday October 26, 2011 starting at 12:30 PM ET.
Conference dial-in number: (209) 647-1600
Access code: 239084#
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Replies:
im actually kind of confused by this PR..
barttt on 10/20/2011 1:39:27 PM
Any idea on whether this is a brokerage
mdimport on 10/20/2011 1:54:41 PM
