Replies to post #3174 on MSGI Technology Solutions, Inc.(fka MSGI)

[tbnfl4sun]

does this mean the E will be removed?

[brwtrpilot]

Enlyten did you see this..

We are running out of authorized shares our common stock !!!!!!
No wonder it moves such...


I think this is new also..

collaborate with several academic institutions including Carnegie Mellon University, Stanford University and the University of California, Berkley in these efforts.

AND

During March 2010, the holders certain of these convertible promissory notes provided the Company with letters of agreement that the various notes shall be extinguished and that the principal balances of these notes of approximately $1.9 million, plus any and all accrued interest thereon, would be converted into shares of common stock of the Company at an exchange rate of $0.20 per share. Further, it was agreed that these shares will be locked up and will not be eligible for trading until at least December 31, 2010. As of June 30, 2010, the exchange shares have not been issued to the lenders by the Company and the notes will remain reported as debt until such time as said shares are issued. It is expected that the shares will be issued to the lenders sometime during the third quarter of fiscal year 2011 ending on March 31, 2011, pending approval for an increase to the number of authorized shares of common stock by a vote of the shareholders of the Company.

AND
while this was in a pr it is still important
On October 18, 2010, the Company announced that it had entered into a strategic Partnership with Attonbitus Development Inc. As part of this relationship, Attonbitus agreed to purchase all of the 10% Notes principal and accrued interest with the intent to convert the value of the debt into a series of investments in various MSGI operating subsidiaries, primarily those subsidiaries related to the NASA technologies.

Anyway I do not see anything I did not expect to see in the filing as far as I can tell they are still a development stage firm this is a high risk/reward ratio.. To me the addition of a PR firm and the Attonbitus Deal in the last month is pointing
to something that can not be said due to there control procedures. It is like throwing the bones and tying to read them.. I still have to look at the people involved with this and
the tech involved..
So that is my take..