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Re: sevenOdouble post# 68616

Thursday, 11/03/2011 5:43:33 PM

Thursday, November 03, 2011 5:43:33 PM

Post# of 164941
There's nothing still on as you say with this company. Just the CEO pumping stocks on message boards and lying to his shareholders. 1 BILLION shares are about to flood the market.

Don't get stuck in this Pump and Dump.

247MGI Takes The Pump & Dump Business Public

247MGI, Inc. (TOFS) is using a Pump & Dump campaign to fund a settlement agreement with a former director. The company practically admits this as it issued a press release announcing the settlement, just days before the touts began re pimping the stock, on the heels of a 4 weeks hiatus. In the last month, insiders have managed to sell plenty of stock into the 800 million shares of volume created by the month long PnD campaign.

In fact the Pump & Dump campaign was so successful, that this $5 million company which, pending a merger, does nothing for a living, has announced that it will now go into the business of conduct these schemes for others. Today's press release announced that, "upon completion of its pending merger, the Company will begin servicing the Small Cap market for public and private companies as well as individual investors where over $100 billion dollars exchanges hands annually". The TOFS announcement goes on to say that, "The Company will be an all-inclusive financial servicing broker for Small Cap companies. Services will include acting as a transfer agent, making markets, assisting with financing, and taking private companies public through the use of several subsidiaries."

Allow us to translate. TOFS intends to fund other small companies, take them public through reverse merger, and then use PnD campaigns as an exit strategy. In other words, if Pump & Dump incubator, Min*mar Group and publicly held stock pimp, Crown Equity Holdings (CRWE) were to make a baby, TOFS would be the result. Kiley Group (KGRI) has already attempted to make a go out of this business, all the while using it as a basis for a PnD, and all that has happened is that a lot of bag holders have lost a lot of money. Prospective investors should consider the share price performance of CRWE and KGRI before believing that there is money to be made with TOFS.
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  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y