This is topic TOFS - reinstated on 4/22 and chart break in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.


To visit this topic, use this URL:
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/t/030720.html

Posted by athlonmank7 on :
 
Pinksheets now states the company will be updating all financials. CEO expected to merge an existing company.

Chart break today as well.

Keep it on the watch list.
 
Posted by athlonmank7 on :
 
10 Q quarterly report released tonight.

Should see some nice gains tomorrow. This adds some validity to the R/M suspicions.

Regardless should be up huge in the AM
 
Posted by Homersbud on :
 
O/S isn't bad, but the A/S cracks me up...lol

Shares Outstanding 499,022,615
Float 230,000,000
Authorized Shares 100,000,000,000

http://www.otcmarkets.com/stock/TOFS/company-info
 
Posted by athlonmank7 on :
 
lol me too. Running today though! He's not selling shares though. O/S been the same for 3 years now which is nice [Smile]
 
Posted by CAPTNEMOS on :
 
WHAT A STINKER.!!!MUST BE A GROUP RUNNING THIS.SURE ISNT THE FINANCIALS.REALLY?/ NO CASH ON HAND??HOR$E**** OF A 10Q REPORT.GARBAGE.!!! SHOWING NO REVENUES.!!BUYER BEWARE.

247 MGI, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
ASSETS
March 31, September 30,
2011 2007
(Unaudited)
CURRENT ASSETS
Cash $- $675
Prepaid expenses 646 646
Other Assets 21,000
Total Current Assets 646 1,321
FIXED ASSETS 10,800 -
TOTAL ASSETS $32,446 $55,427
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable $131,864 $160,097
Accounts payable– related party (Note 4) 25,188 60,624
Accrued expenses 175,669 225,669
Convertible debenture 125,000 125,000
Notes payable 158,036 25,000
Notes payable– related party (Note 4) 47,747 40,453
Total Current Liabilities 663,504 636,843
TOTAL LIABILITIES 663,504 636,843
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred stock, Series “AA” $0.01 par value,
5,000,000 shares authorized; and 278,000 shares
issued and outstanding, respectively 2,780 -
Common stock, $0.01 par value, 500,000,000 shares
authorized, 499,022,614 and 35,272,614 shares issued
and outstanding, respectively 4,990,226 352,726
Additional paid-in capital 10,587,565 10,808,139
Accumulated deficit (17,991,753) (11,742,281)
Total Stockholders’ Equity (Deficit) (2,411,182) (581,416)
TOTAL LIABILITIES AND STOCKHOLDERS’
EQUITY (DEFICIT) ($1,747,678) $55,427
F-1
 
Posted by CAPTNEMOS on :
 
quote:
Originally posted by Homersbud:
O/S isn't bad, but the A/S cracks me up...lol

Shares Outstanding 499,022,615
Float 230,000,000
Authorized Shares 100,000,000,000

http://www.otcmarkets.com/stock/TOFS/company-info

IF THAT CRACKS YOU UP.YOU SHOULD LOOK AT THE BOOKS.-642 IN CASH.NEGATIVE.!!!
 
Posted by CAPTNEMOS on :
 
WELL AT Least you got the broken chart thing right.your charts are broken.lol.!
 
Posted by CAPTNEMOS on :
 
oops -675 cash,my bad.another ceo thats give the title a bad name.
 
Posted by athlonmank7 on :
 
Still going. Should move again tomorrow. Looks like a play like ATIG
 
Posted by CAPTNEMOS on :
 
its a pink pump and dump.only way a stock like that CAN move.get a bunch of people to accumalate which that buying pressure from you and your associates drives up stock price then you post it on all the boards and as the mass of fools that follow start buying then you guys jump out leaving the innocent to hold the bag.espcially with pinks.cause they know theres not really any transparency required by pink$hits.com.so they dont have to tell you about the books.cause there arent any.buyer beware
 
Posted by athlonmank7 on :
 
3 days green in a row. Big news on the way IMO. Company probably going to explain what's up with the reinstatement and financials release
 
Posted by athlonmank7 on :
 
Pinksheets upgraded TOFS from "STOP" to "YIELD" sign on the site and no warning sign

Also, "shell" status was removed from the sight. Could be big!
 
Posted by CAPTNEMOS on :
 
quote:
Originally posted by athlonmank7:
Pinksheets upgraded TOFS from "STOP" to "YIELD" sign on the site and no warning sign

Also, "shell" status was removed from the sight. Could be big!

FUNNY ?? YOU DIDNT POST IT WAS A STOP WHEN YOU POSTED STOCK.BUT KNOW YOU WANT TO SAY YIELD.LIKE ITS A GOOD THING.tHE CEO IS A NOTORIOUS ONE WITH SEC.HE HAS BEEN WARNED TIME AFTER TIME AND CONITNUES TO TRY TO BEAT THE SYSTEM.LOOK AT ALL OF HIS COMPANIES.THEY DILUTE TO THE END.DO A REVERSE MERGER WITH NEW SYMBOL AND START RIGHT OVER AGAIN.WHILE HE GETS HIS 400.000-800,000 A YEAR SALARY.TELLS ME STAY AWAY.
 
Posted by CAPTNEMOS on :
 
ALL U CAN PUMP IS PINKS.MEANS WEAK WITH NO SKILLS.TELL YOUR GROUP TO RUN A COMPANY ON A MORE REPUTABLE EXCHANGE?OH THATS RIGHT YOU CANT CAUSE THEY HAVE STRICTER GUIDLINES.
 
Posted by athlonmank7 on :
 
The CEO doesn't dilute moron. It's been inactive for 3 years. He hasn't changed companies OR diluted. You know why? YOU CAN'T. It's impossible

You need help bud.

So far it's been up 100% since posting and probably going to go higher. If you don't like it...find something better to do, but there's money to be made here.

This isn't a pump.
 
Posted by athlonmank7 on :
 
Amazing but everything you said is a complete lie. Not sure why you don't have anything better to do than troll around the penny boards and bash.

But:

Here's a run-down of what's going on.

-Reinstated 4/22
-Financials released May18-19
-Status updated on pinksheets.com ("shell") removed
-Chart broke to 52-week highs AGAIN today

More updates and upside coming IMO.
 
Posted by athlonmank7 on :
 
CBYI took the same steps before they reverse merged. This one's got half the O/S though
 
Posted by CAPTNEMOS on :
 
quote:
Originally posted by athlonmank7:
The CEO doesn't dilute moron. It's been inactive for 3 years. He hasn't changed companies OR diluted. You know why? YOU CAN'T. It's impossible

You need help bud.

So far it's been up 100% since posting and probably going to go higher. If you don't like it...find something better to do, but there's money to be made here.

This isn't a pump.

Moron??need help.i call it like i see it.Athlon i have watched you sit here and pump garbage to people as you leave them holding the bag on your garbage.if your pics are so good why u have 1 star?i have only 3 stars cause i constantly bash you idiots who push your crap to the innocent around here.and yes its a pump and dump run by a group.so calling out you fools gives me pleasure.btw look at your track record its garbage.Btw theres a list of ceos who have been warned and fined by the sec that other ceos know about and hes on it and on probation.that man could never survive in the big boy exchanges.hed be laughed out of town.bet u didnt know that tough guy?so if i want your opinion ill tell it too you. [More Crap]
 
Posted by CAPTNEMOS on :
 
.0002 on 23 mil.lmao.wow thats all youre group can do.chumps.yea cant wait to see all the profits.they have to dilute to raise money to stay afloat until he can do another r/m on you
 
Posted by CAPTNEMOS on :
 
quote:
Originally posted by athlonmank7:
The CEO doesn't dilute moron. It's been inactive for 3 years. He hasn't changed companies OR diluted. You know why? YOU CAN'T. It's impossible

You need help bud.

So far it's been up 100% since posting and probably going to go higher. If you don't like it...find something better to do, but there's money to be made here.

This isn't a pump.

yes dilution has started since reinstatement idiot.call their transfer agent and see what the numbers are?
 
Posted by CAPTNEMOS on :
 
oh btw heres some history as you say im wrong about this guy.


Symbol Name Expiration Date
TOFS 247MGI, Inc.
TOFSE 247MGI, Inc. (Common) 05/22/2007
TOFS 247MGI, Inc. (Common) 04/20/2007
TIDC Total Identity Corp 12/21/2006
TIDC Total Identity Corp 04/22/2005
TIDCE Total Identity Corp 12/21/2004
TIDC Total Identity Corp 11/29/2004
TIDCE Total Identity Corp 09/28/2004
TIDC Total Identity Corporation Common Stock 08/31/2004
TIDCE Total Identity Corporation Common Stock 06/17/2004
TIDC Total Identity Corporation Common Stock 05/28/2004
TIDCE Total Identity Corporation Common Stock 05/13/2004
TIDC Total Identity Corporation Common Stock 04/22/2004
TMIO TMI Holdings Inc New (1-10 R/S) 11/03/2003
TMIOE TMI Holdings Inc New (1-10 R/S) 09/10/2003
TMIO TMI Holdings Inc New (1-10 R/S) 08/26/2003
TMIOE TMI Holdings Inc New (1-10 R/S) 06/19/2003
TMIO TMI Holdings Inc New (1-10 R/S) 04/24/2003
TMII TMI Holdings Inc 01/27/2003
THMM Thrift Mngmt Inc 05/06/2002
THMME Thrift Mngmt Inc 04/04/2001
THMM Thrift Mngmt Inc 04/02/2001
 
Posted by athlonmank7 on :
 
wow, i think you need some help. You troll around the message boards all day doing this stuff? Unreal......Your parents must be proud. You type in all caps and scream at people you don't know for no purpose than to make yourself feel good?

Anyways,


Those aren't separate entities. The E on the end is for filing purposes when it's late.

It's been through 3 companies. Some may not be affiliated.

Anyways, it was reinstated. financials out - which is what happens before a reverse merger. These sometimes go HUGE.

Aside from what the nutcase above says.
 
Posted by athlonmank7 on :
 
You're worried about how many stars I have? Holy ****. That's the LEAST of my worries. haha. Unreal.

you have 1700 posts here. Needless to say, I think you need to get out more and get a life :/
 
Posted by athlonmank7 on :
 
I just went through about 5 of your 1700 posts.....

Wow, you're quite the pumper. When someone comes in here to talk about a stock that's not yours, you bash it. I get the idea.

I didn't mean to hurt your feelings. Seeing as how YOU'RE actually the pumper it makes a lot more sense why you're so territorial.

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/ t/030722/p/1.html#000003

"MY NEW PICK....AXST" that's you. Not me. I don't have picks. That stuffs for pathetic losers like yourself.
 
Posted by athlonmank7 on :
 
And you're the one who made up the "group is running this" bull. There's no group running this you idiot.
 
Posted by CAPTNEMOS on :
 
hey when your retired and got nothing better to do sure why not.but anyway .im done.i dont mean to offend you.Just your stock i personally think sucks and who else is willing to speak their mind around here?Call it as i see it for the less experienced around here.My question to you is what are you doing here?except for your own personal gains at anyones expense? huh?If you posted something legit and thought it was a good stock id be right there with you.But in return if i see a dud thats what i caLL IT.the facts dont lie no matter how much you think im an azz(wont be the first and wont be the last).so at least be honest.i might be an A$$ but im a Honest A$$.so im done with this before i get in trouble.the moderators do not like this kind of behavior.so stick to the facts and post something worthy showing us your skills.not what some websites and message boards are running.As i said I DONT MEAN TO BASH ANYONE OR THERE FEELINGS JUST THE STOCKS THEMSELVES.yes i am a nutcase so what? all great minds have some lunacies to them and they all tended to be on a little south of insanity sort to say.enjoy your weekend.
 
Posted by CAPTNEMOS on :
 
quote:
Originally posted by athlonmank7:
I just went through about 5 of your 1700 posts.....

Wow, you're quite the pumper. When someone comes in here to talk about a stock that's not yours, you bash it. I get the idea.

I didn't mean to hurt your feelings. Seeing as how YOU'RE actually the pumper it makes a lot more sense why you're so territorial.

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/ t/030722/p/1.html#000003

"MY NEW PICK....AXST" that's you. Not me. I don't have picks. That stuffs for pathetic losers like yourself.

'
hurt my feelings?lmao.uh there are some stocks i have liked people have posted.u dont have pics,but you post them.go thru my post you dont see me pumping garbage like your hollow shell of a company.so tell me about all my losers and ill tell you about all your losers.oh i mean pathetic losers.i am the most hated man around here probaly so what makes u think your hurting my feelings?Seriously i have made more people money then your garbage couyld ever imagine.And i get endless thank you letters from good people around here sayiing im so glad you post what u do because otherwise they would of bought and lost their a$$.but because i post and try to teach people what to look for.or they say i bought this stock and im losing my ass what should i do.i say why u buy it.cause someone posted and thought it was a good stock.so i will keep bashing garbage and all and keep trying to give people something decent and good reasons to buy a stock.i say when i bought,why i bought,how long i will hold and how much i bought and when i will sell at.pumper oh yea i am.but not a dumper.people usually get out on their own with profit on most of my pics.So say what u want about me.but stick to the stocks.its an open discussion board and try to bring people something constructive to work with. [Good Luck]
 
Posted by CAPTNEMOS on :
 
[QUOTE]Originally posted by athlonmank7:
10 Q quarterly report released tonight.

Should see some nice gains tomorrow. This adds some validity to the R/M suspicions.

Regardless should be up huge in the AM
[/QUOTE

well if they have a good report and it skyrockets wish you all the luck and congrats.i was wrong and ill apologize to you.ok?now lets see what happens and let the truth be unfolded
 
Posted by CAPTNEMOS on :
 
247 MGI, INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(Unaudited)
For the Three Months Ended For the Nine Months Ended
March 31, September 30,
2011 2007
REVENUE $- $-
COST OF SALES - -
GROSS MARGIN - -
EXPENSES
Salaries and wages 1,131,036 318,033
Selling, general and
administrative 52,545 52,545
Total Expenses 1,183,581 370,578
LOSS FROM
OPERATIONS (1,183,581) (370,578)
OTHER INCOME (EXPENSE)
Interest expense (91,391) (17,529)
Other income - -
Total Other Income
(Expense) () (17,529)
LOSS BEFORE
DISCONTINUED
OPERATIONS (1,274,972) (388,107)
LOSS ON
DISCONTINUED
OPERATIONS
- -
NET LOSS$ $(1,274,972) $(388,107)
 
Posted by CAPTNEMOS on :
 
wow.no revenues.no cash on hand.but almost $1.2 million in salaries???anyone wants to buy this, good luck.smell a r/m coming.youll see.he goes in 2-3yr cycles.
 
Posted by CAPTNEMOS on :
 
JUST DROPPED BY AFTER FURTHER INVESTIGATION AND HERES THE DEAL.THE CEO HAS A PRIVATELY HELD COMPANY HEALTHELIFESCIENCES.AND HE WANTS TO BRING PUBLIC.SO THERES A COUPLE OF WAYS TO DO IT.he can have an ipo and go public.or you can reverse merger with a shell of a company thats public as is tofs.so healthelifesciences will be trading under the ticker of tofs.now with that being said.the 24/7 media thing he was pushing is cockka.but the products under healthe are legit.so if it does happen tofs would be a legit company and he wants to move out of the pinks and eventually go to nasdaq.so with all this being said athlon if you would of explained it better i wouldnt of had to rip the shell.yes this could be huge and i do know it will go up.due to the fact the HELS has revenues and figures to report.dont know what they are.but im sure they cant stink as bad as tofs.so with all this being said could be a steal of a stock right now.And its a pump but not a dump.or at leeast till all the dust settles.So Athlon now i know more.i think i will buy some.please understand 24/7 media/no good.healthe life really good products.anyway thank you and good luck.
 
Posted by CAPTNEMOS on :
 
JUST DROPPED BY AFTER FURTHER INVESTIGATION AND HERES THE DEAL.THE CEO HAS A PRIVATELY HELD COMPANY HEALTHELIFESCIENCES.AND HE WANTS TO BRING PUBLIC.SO THERES A COUPLE OF WAYS TO DO IT.he can have an ipo and go public.or you can reverse merger with a shell of a company thats public as is tofs.so healthelifesciences will be trading under the ticker of tofs.now with that being said.the 24/7 media thing he was pushing is cockka.but the products under healthe are legit.so if it does happen tofs would be a legit company and he wants to move out of the pinks and eventually go to nasdaq.so with all this being said athlon if you would of explained it better i wouldnt of had to rip the shell.yes this could be huge and i do know it will go up.due to the fact the HELS has revenues and figures to report.dont know what they are.but im sure they cant stink as bad as tofs.so with all this being said could be a steal of a stock right now.And its a pump but not a dump.or at leeast till all the dust settles.So Athlon now i know more.i think i will buy some.please understand 24/7 media/no good.healthe life really good products.anyway thank you and good luck.

http://www.healthylifesciences.com/
 
Posted by CAPTNEMOS on :
 
for the less experienced heres what this means.

How does it work? A private operating company merges into a non-operating or shell public company. In the merger, the operating company shareholders are issued shares of the shell in exchange for the operating company shares. Post-merger, the former operating company shareholders own 80-90% of the shell (which now contains the assets and liabilities of the operating company) with the remaining 10-20% owned by the existing shell company shareholders (i.e., the shell’s promoter and its affiliates). The shell company’s name is then changed to the name of the operating company, and the company’s shares are listed for trading on the Pink Sheets or, if it has at least 200 shareholders, the OTC Bulletin Board.
Where do these public shells come from? There are many promoters of public shells out there. Do a Google search of “public shell” and you’ll see what I’m talking about. These promoters typically incubate their own shells—they incorporate a company, voluntarily register its shares under the 1934 Act, and then timely file with the SEC the required quarterly and annual reports. Because the shell has no operations, its fairly simple and inexpensive to make these filings. In exchange for letting an operating company merge into a shell, the promoter charges the operating company a fee and retains the 10-20% interest in the shell post-merger. They pitch the shell as quicker, easier and cheaper way to go public than through a conventional IPO.
I guess the pitch is technically correct but certainly misleading. For a conventional IPO, a company retains an underwriter who facilitates the sale of millions of dollars of newly issued shares to the public. Thereafter, the underwriter helps develop an active secondary market in the company’s stock by making a market in the stock, having its analysts cover it, etc. The underwriter may charge as much as 10% of the gross proceeds of the offering as compensation for its services, but at the end of the day the company has millions of dollars of new capital to grow its business.
With a shell merger, the company does avoid the underwriter’s fee but at the expense of giving up an ownership interest to the promoter. The company is now public in the sense that its shares are registered with the SEC and quoted on the Pink Sheets or OTC Bulletin Board, but it has not received the two primary benefits of going public: additional equity capital and share liquidity. Merging with a shell does not raise any capital. As for liquidity, no underwriter is helping to develop active trading in the company’s stock, so while the shares are technically publicly traded, the market is illiquid. Nonetheless, the company now faces the many disadvantages of being public including increased expenses, increased liability exposure, and loss of confidentiality.
The article notes that a shell merger is often coupled with a PIPE (private investment in public entity) transaction, implying that having a pseudo-public market for a stock may improve the chances of receiving private equity capital. This may be true, but it also shuts the company out of future potential VC financings because many (most?) VCs are not interested in investing in public companies.
With that said, many companies may have no other financing alternative—no VC is willing to invest, no underwriter is willing to take them public, etc. But I wouldn’t even label a public shell merger as a financing alternative. While not a great alternative, I
 
Posted by CAPTNEMOS on :
 
STILL A SHADY DUDE.
 
Posted by athlonmank7 on :
 
I agree. Def. a shady guy. Still holding on. .0018's today. Not too bad. +30%.

It's a lotto. What worries me is whether he's going to need financing if he happens to merge it, but there will be enough liquidity to take some off when that happens. Regardless it's a good momo play right now.
 
Posted by athlonmank7 on :
 
TOFS back on watch! Nice. 4.1 million volume. +62%. Broke out of the .001 resistance level. Looks like the next stop could be those highs again.

Still waiting to hear something
 
Posted by athlonmank7 on :
 
AUTO showing 7 million @ .0009
 


© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2