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DMGS - AVOID


After going to the website I uncovered this:

On December 12, 2004, it acquired an undivided fifty (50%) percent interest in a contract to acquire 266 residential sites in Poinciana, Florida.

http://www.dmgsonthenet.com/pages/1/index.htm

Of course the 50% interest, does not manage to show up anywhere in the financial statements or news releases.

Then from the FORM 10KSB

We own the rights to two movie scripts. We intend to finance the production costs estimated at $3,000,000 for the first of these films from the proceeds of a private offering of restricted equity securities. If we are unable to raise the requisite funding, this could have a material adverse impact on the Company's planned business and its financial condition and prevent the production of any of the films.


Bang