News Focus
News Focus
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2win

11/09/07 12:03 PM

#34095 RE: domain311 #34093

Thanks. So no news today? glta
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Jenny_Garner

11/09/07 12:57 PM

#34111 RE: domain311 #34093

See, I told you he will most probably respond fast if you email him now. Well done and that sounds pretty good in my book. 3 million shares for Claude is only normal and nothing to be disappointed for. Afterall the ARGO shares are now delivered which is also good news.

I tell you what. I have never been so confident on MCCY since I bought shares the first time and that was a long time ago. That is because I did some more DD in the last couple of weeks and everything points to a wild success if you can be patient a couple of months.

This company will rock, take it for what it's worth. And to the detractors, nobody is forced to buy shares here right?
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kennypooh

11/09/07 1:37 PM

#34116 RE: domain311 #34093

domain - On Aug 3, MCCY had an O/S of 50 Million shares (without owning Argo Nav and without owning ECN Holdings or anything except for Effective Control Trucking).

LONGUEUIL, QC--(MARKET WIRE)--Aug 3, 2007 -- Media City Corp. (Other OTC:MCCY.PK - News) (www.ecnholding.com) President Raphael Huppe is pleased to announce that Stalt Inc. has been hired as the new Transfer Agent. Currently there are 24 million free trading shares and 26 million restricted shares. Effective Control Trucking LLC. is a wholly owned subsidiary of Media City Corp.

The legal opinion dated Sept 13 spelled out a share increase of 60,000,000 restricted shares for the intellectual property of all the entities being consolidated, plus 10,000,000 additional to Argo.

50,000,000 plus 70,000,000 = 120,000,000

However, they announced O/S after consolidation would be 125,000,000?

"Media City shall also complete the acquisition of Argo Navigation within the upcoming days with the issuance of ten million (10,000,000) restricted shares to be distributed amongst Jason Shin and key employees of Argo Navigation. With the above mentioned shares MCCY will have a total of 125,000,000 active shares.

On Oct 26 it was announced that 41,800,000 shares were being returned in exchange for options.

That meant that the total increase (since 8/3) in shares outstanding should have been 28,200,000 for a total O/S of 78,200,000 (including Argo).

Now Stalt says the number is 96,622,177. (supposedly including Argo and Lemay?)

You state that RH claims 8.3 million shares will be canceled next week (they were restricted stock from a previous shareholder?) and 3 million have been given to Claude Lemay (restricted for 2 years).

If we subtract the 8.3 million being returned from the current Stalt number (which supposedly includes Argo and Lemay), it leaves us with an O/S of 88,322,177

There is an unexplained increase of 10,122,177 shares since 8/3 is there not?