247MGI, Inc.: 247MGI Returns Certificate To Transfer Agent
Jun 09, 2008 (M2 PRESSWIRE via COMTEX) -- NOTE TO EDITORS: This is a list of shows appearing on Smallcap Rapp, a LIVE interactive radio show broadcast over the web.
FT. LAUDERDALE, Fla -- 247MGI, Inc. (OTC:TOFS.PK) ("247MGI") is pleased to announce the Company has sent via FedEx (tracking # 848364124304) the certificate for 300 million shares of Common stock to its transfer agent Continental Stock Transfer. The shares where returned to the Company by the Company's CEO Matthew Dwyer in exchange for convertible Preferred stock. Within the next week the Company hopes to overnight an additional 40 million shares previously announced which shall also convert to Preferred stock.
After the transfer agent receives the certificate and returns the shares to the Company, the outstanding shares shall be reduced to 99 million shares. When the additional 40 million is returned the Company can move forward with its plan to reduce the Authorized shares to 90 million.
247MGI reported record web stats for the month of May and is on a run rate to exceed May's traffic and set a new record for the month of June. Web traffic will continue to grow as the Company looks to begin advertising and launches it new format with two new voices.
This week's line up is as follow:
T. Riggs Eckelberry, CEO, OriginOil Inc. (OOIL.OB) on Monday June 9 at 1:00 EST
Keith Houser, CEO, BioTech Medics (BMCS.PK) on Monday June 9 at 1:30 EST
James Ammons, CEO, Data Call Technologies (DCLT.OB), Inc. June 9 at 2:00 EST
Daniel Chain, CEO, Intellect Neurosciences, Inc. (ILNS.OB) June 11 1:00 EST
Frank Speight, CEO, American Capital Partners Limited, Inc. (APRJ.PK) June 11 at 1:30 EST
Jordan Hudgens, CEO, VidShadow, Inc. (VSHD.PK) June 11 at 2:00 EST
John Calash President Steadfast Holdings Group Inc (STHG.PK) on Friday June 13 at 1:00 EST
Bruce Caplin CEO of Gold River Productions, Inc (GRPS.PK) on June 13th at 1:30 EST
Military Calling Cards
247MGI has placed a Paypal link on its website to raise money to send calling cards to our troops. Please donate whatever you can so our men and women of the military can do what we do everyday, call home!
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
CONTACT: 247Newswire e-mail: mdwyer2247mgi.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2008 M2 COMMUNICATIONS LTD
-0-
Posted by juice on :
wowza
Posted by gumzsa on :
Grabbed me a bunch at .0080. This seems like a no brainer at these levels.
Posted by juice on :
yeah how did i miss this!? i was following tofs for months got out on the last push to .018... now im getting in again!! 59MILL O/S, float is around 11 MILL!!
Posted by juice on :
.01x.011 now, only 15k to get through .01 lol so thin!
Posted by juice on :
.009x.01 amazes me the lack of attention this gets at times. one day 5M vol, next day 500k lol
Posted by SoAngel on :
I picked up a few yesterday at .0090 just in case this one does start to get some attention.
Posted by juice on :
News.... man these guys keep lining up shows!
Jun 11, 2008 (M2 PRESSWIRE via COMTEX) -- NOTE TO EDITORS: THIS IS A BROADCAST SCHEDULE FOR SMALLCAP RAPP A LIVE INTERAVTIVE RADIO SHOW. FT. LAUDERDALE, Fla -- 247MGI, Inc. (OTC:TOFS.PK) ("247MGI") is pleased to announce that Smallcap Rapp will feature two new companies next week.
The Two new companies are: Ken Friedman President of Clifton Mining (OTC: CFTN) on Monday June 16 at 1:00 EST.
Joseph F. Longo President of Startech Environmental Corp (OTDBB: STHK) on Monday June 16 at 1:30 EST.
Military Calling Cards 247MGI has placed a Paypal link on its website to raise money to send calling cards to our troops. Please donate whatever you can so our men and women of the military can do what we do everyday, call home! The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
CONTACT: 247Newswire e-mail: mdwyer*247mgi.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2008 M2 COMMUNICATIONS LTD -0-
Posted by juice on :
very strange trading... trades like the float is nothing, but i don't see why anyone would sell this under .01. ive decided not to add until share structure is clear and rev is announced
Posted by SoAngel on :
Well, I grabbed some more today at .0060 as well. Hoping it was just an early morning dip Glad to average down some.
Posted by JJMoneyman on :
I sold out during the last run and figured at 006 I should be able to flip it for a little green. Not sure if somebody just wanted out or if they dumped a million shares out their to make up for their share descrease. Does seem a little odd but I'm just in for the flip.
Posted by juice on :
.008x.009 again, 90k traded... UT's on air today! i can't figure this out. looks like some big retail holder wanted out and dumped. Good opportunity if you picked up shares under .01 imo
Posted by JJMoneyman on :
009 X 01 on only 230K shares. So far so good. I'm hoping for a touch more but I'll take what I can get.
Posted by SoAngel on :
.0040/.0047
Posted by juice on :
POS lol
Posted by JJMoneyman on :
This is getting the chit beat outta it (smells like dilution). Figured what the hell, buy when nobody likes it - so I doubled my position on it today.
Posted by JJMoneyman on :
247MGI Issues Update
3:22p ET June 25, 2008 (Business Wire)
247MGI, Inc. (OTC:TOFS) will be releasing a corporate update within the next few days to update shareholders on the company's progress.
Recently the Company canceled 300 million shares of Common stock and issued convertible Preferred stock to the shareholder, thereby reducing the outstanding share count to 99 million. The Company had also made arrangements with SOYO to convert their 40 million shares of Common stock to Preferred to avoid any accounting issues for SOYO, at this time SOYO has not yet converted any of its Common Stock.
Further corporate updates will be issued shortly regarding the Company and a new President and new Board members.
Safe Harbor
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
SOURCE: 247MGI, Inc.
Posted by gumzsa on :
I am ready for takeoff. I hope that update is saweettt!!!!
Posted by gumzsa on :
247MGI Issue Update 89 minutes ago - Businesswire
As of 12:00 AM ET 6/25/08 247MGI, Inc. (OTC:TOFS) is pleased to announce it has been working to help resolve pending and past legal actions against the company. The Company is pleased to announce the pending issue with Dr. Martin Peskin has been resolved and a settlement agreement has been entered into and filed with the courts.
The Company currently does not have any pending legal actions at this time and is working to resolve matters resulting from a prior Stock Purchase Agreement the Company entered into in 2003 to avoid any further legal action.
With no pending legal actions 247MGI has been in talks with several candidates to join the Company as Officers and Directors. Once new members have joined the Company the new Board will decide what to about bringing the Company current with its financials to resume trading on the OTCBB. Due to the pending legal actions it was not in the Company's best interest to maintain its listing or to build the company. Now with this issue resolved the Company will proceed with building the business and shareholder value.
The Company has identified a new President who will also serve as a Board member. His name will be released after the 4th of July holiday. Matt Dwyer will remain as CEO and a Board member. A third member to the Board who will serve as an outside Board member should be confirmed and announced along with our new President.
Safe Harbor
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
SOURCE: 247MGI, Inc.
247MGI, Inc., Fort Lauderdale Matt Dwyer, 954-323-2516 mdwyer*247mgi.com
Posted by Jonus on :
Just grabbed a starter here looking for nice bounce here today
Posted by Jonus on :
Excellent entry here today at six DOMS dont have many at all when he is gone boom time.
Posted by gumzsa on :
I added some too. Expecting at least a bouncy double.
Posted by Jonus on :
Looking for bounce here going to add at the bell
Posted by Jonus on :
Snagged more at three and four, has not had run yet, coming very soon after MM's boat is full.
Posted by kidpolio on :
TOFFS huge volume one left at four gonna give it a go
Posted by gumzsa on :
Finished strong.Lets see how this plays tomorrow.
Posted by tidefanj on :
We'll see what happens. I just got in at .0006
Posted by gumzsa on :
.0008's up!!!!!
Posted by Jonus on :
Looks like blast off from here. News after bell would be awesome
Posted by sunny on :
nice! up to 0011...good call guys.
Posted by sunny on :
Up--0013. Posted by sunny on :
Broke 100 million in volume. Closed at day's high -- 0012/0013...nice one. Will be watching in a.m.
Posted by tidefanj on :
I'm glad I got in when I did. I only wish I had bought more at that price!
Posted by Jonus on :
Lots of Buzz on this one. They say a penny easy I sure hope so cause I am loaded to the gills lol.
shares maxed out same thing happened to GCOG
It ran from .0003 to .019 in just 12 days weeee
Posted by sunny on :
I got in a bit later than you guys, but I'm in the green. Wish I'd bought more, too!
Hope you are right Jonus! Chart looks great.
Posted by sunny on :
Looks like MMs took this down right after opening, and now have brought it back up. Volume kicking in...I tried to grab more at 0008 and 0009. Orders wouldn't take...grr. Still in the green....Looking good so far this morning. I think it is time to see 0014 already! lol
Posted by sunny on :
ask now 0014...finally....lol
Posted by kidpolio on :
Share structure news this thing going to the moon
Posted by kidpolio on :
Press Release Source: 247MGI, Inc.
247MGI Issues Clarification Thursday August 7, 12:00 pm ET
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--247MGI, Inc. (Pink Sheets:TOFS - News) (“247MGI”) wishes to clarify its shares structure and plans for the Company moving forward. The Company has 500,000,000 shares authorized of which 230,000,000 are in the float and 270,000,000 are restricted. Part of the restricted 200,000,000 shares where reissued after being canceled so they could be used as collateral in a settlement, if the settlement is not completed then the shares will be returned to the Company and converted back to Preferred.
ADVERTISEMENT The Company has no plans to increase the Authorized shares or complete a Reverse Split. The new management will be in place by August 20th and the first order of business will be to get the Company re-listed on the OTCBB then announce its Advisory Board which will assist the Company in identifying potential acquisitions once the Company becomes a Business Development Company. The Company has five planned investment areas Finance, Manufacturing, Medical, Green Technology, and Media.
Smallcap Rapp™ Show schedule:
Bret T. Barnhize CEO Nanologix, Inc. (NNLX:PK) August, 8 at 1:00 ET
Ronn Maxwell CEO Ronn Motor Co (RNNM:PK) August, 11 at 1:00 ET
Military Calling Cards
247MGI has placed a Paypal link on its website to raise money to send calling cards to our troops. Please donate whatever you can so our men and women of the military can do what we do everyday, call home!
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Posted by sunny on :
saw the news...very good. I'm in. Let's see where this one is going.
Posted by sunny on :
Gotta imagine that the float is almost locked...between yesterday and today, the volume is about 170,000,000...mm's need to bring this one up!
Posted by tidefanj on :
WTH?!?!?!?!?!? .0008
Posted by sunny on :
I bought yesterday at 0011, and then today at 0008. Out at 0013 for now. Quick profit....Think this will go higher, but can't stay around to watch.
Have another buy order in now.
Posted by sunny on :
Back in at 001. Think this one is setting up for a nice run. Shares pretty much gone at this point...so, gambling on some upticks here.
Posted by sunny on :
Float should be almost gone now...Approx 240 million shares traded in last three days. Shares must be tight.
Posted by sunny on :
Many many people are holding from much higher... they were burned by terrible dilution.
New management with great credentials are moving in soon and the current ceo will be stepping down to run one of the many subsidiaries they have coming in.
They will be uplisting to OTCBB this fall.
They have plans for BDC taking in 'wannabe' public companies that will be rolled in to TOFS in place of getting their own tickers.
This is an incredibly solid play now IMO:
230 mil float 500 mil os/as MAXED OUT!!!!!!!
Check this email that I recieved:
ceo answers in bold
Will you be increasing the Authorized Shares in 2008? No I will not
Will you have a reverse split in 2008? I do not plan on doing a reverse split in 08 or 09
Will the collateral 200 million restricted shares enter the free trading float in 2008? No, they couldn’t they are restricted and the earliest the legend could be removed is January of 2009 then would be eligible for resale under rule 144. This is not an issue, when and IF the deal is consummated these shares shall remain in escrow until all the payments are made. If a DEAL is not done then the shares shall be returned to the Transfer agent and the O/S will be adjusted accordingly.
ungagged ta: Transfer Agent Company: Continental Stock Contact: Marlene Cunningham Phone Number: (212) 845-3206 Website: http://continentalstock.com/ E-Mail: mcunningham*continentalstock.com Member of the STA Association: http://www.stai.org/stamembers.php
.0013 right after opening bell.
Posted by sunny on :
.0014 now.....looking to test 002.
Posted by sunny on :
.0016
Posted by sunny on :
0017
Posted by sunny on :
out now...looking for another buy in point.
Only have one more roundtrip trade available. lol Then I have to WAIT!!!! lol
Oh well...take profits where you can.
Posted by sunny on :
Would love to get in at 001 again!
Posted by sunny on :
This one holding at 0014. Back in. Chart shaping up nicely.
Posted by sunny on :
0014/0015
Posted by sunny on :
.0016. Nice chart setting up here.
Posted by sunny on :
Take down. Buying opportunity. imho
Posted by sunny on :
MM's playing with this one...took it down to 0009 and now back to 0012.
Posted by IMAKEMONEY on :
HMM Posted by sunny on :
lol Thanks! So whatcha playing IMAKEMONEY???? Posted by sunny on :
FWIW--SPNG moving this morning.
Posted by sunny on :
Getting a bit of action this morning. 001/0011.
Posted by sunny on :
001/0013.
Posted by sunny on :
0013/0014. This is the only one GREEN on my streamer!
Posted by sunny on :
holding so far. Want this one to close about here. This has to go soon. It's had lots of accumulation already. IMHO
Posted by sunny on :
eod activity. Closed 0013/0015. Nice. Posted by gumzsa on :
It might be time. Tomorrow we may see the .0020's imo.
Posted by sunny on :
Bought back in again at 0009. This has been good for several flips. Seems to channel between 0007 and about 0016. Just playing the ticks until we get more press releases from company.
![[Smile]](smile.gif)
Glad to average down some.
![[Big Grin]](biggrin.gif)
![[Good Luck]](graemlins/goodluck.gif)