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jk21

08/21/08 4:25 PM

#34558 RE: ctguy13 #34557

about a year ago, matt said he was going otcbb and it took about 6 months. he lasted maybe a week before delisting. so he did already. and it shouldn't take too long for him to do it again especially since he has two more management people to help him get the work done. imo
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$b_rich$

08/21/08 5:21 PM

#34566 RE: ctguy13 #34557

I know...it's a pink thing, but sometimes it does happen. I'm waiting for an update from the new management:)
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eur06

08/22/08 5:13 AM

#34569 RE: ctguy13 #34557

ctguy13 comparison doesn't stand at all since tofs has been on and off OTCBB until recently and all has to do to get back on it is to update financials...you don't know its history of course.
We've also been given mid October as the time when that will happen, hardly 6-7 weeks from now...read PR.

From Aug 4th PR:
"247MGI has begun the process of updating its financials to become current and expects to be current within the next 75 days. Once that is done the company will amend its charter to become a Business Development Company."







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Lurker from Mars

08/22/08 10:17 AM

#34576 RE: ctguy13 #34557

Main thing about that move is the yearly fees associated with it. Without the capability to pay those fees as well as all other costs associated with running the business, it makes no sense to even file. Therefore you should, here and the other stock, realize that if they want to make the move, filing indicates they have the money situation in hand to support the move and reporting requirements. Not much delay time needed when filing.....or answering and refiling (hint) if the money is available.....

TOFS was in legal battles and Matt wasn't gonna pay out of pocket for the BB. The other stock, "a very valid company", is ready to make the move, which should give you an idea of the new distribution situation....

GL on both......