• EGOC · OTC
  • DUSS · OTC
  • CGFIA · OTCQB
  • POTG · OTCQB
  • EMXC · OTC
  • TYTN · OTC
  • TDGI · OTC
  • LUXD · OTCQB
  • NYXO · OTCQB
  • LBAS · OTCQB
  • 247MGI, Inc. (TOFS.PK) Under Technical Analysis Radar Watch

    Written by: Dana Salvo

    Bookmark and Share

    247MGI, Inc. (TOFS.PK)

    FORT LAUDERDALE, Fla.-(09-14-2011)- 247MGI, Inc. (Pink Sheets:TOFS.pk - News) (“247MGI”) has moved to OTC Pink Current Information tier and the Company has also settled a legal matter reducing its liabilities.

    The company has entered into an agreement with Dr. Peskin, a former Director of the Company which calls for the CEO to pay him $110,000 in 4 installments by October 26th. The first installment has been made. Upon receipt of the final installment, a Satisfaction of Judgment shall be filed with the Clerk of the Courts in Broward County, FL. The total reduction in liabilities off the balance sheets is over $200,000.

    As stated previously, the Company would reduce its Authorized shares upon the successful uplist to “PK” status. Now, since that has taken place the certificate shall be overnighted to the transfer agent to allow this to happen. Once the shares are returned, which can take up to 72 hrs for the TA to complete the request, the Company will file an Amendment with the State of Florida to reduce the number of Authorized shares from 3.5 billion to 1.6 billion.

    The Amendment takes 48 hours to complete which will then be followed by the completion of the merger. At this time the Company can begin to grow and work on its audit and then file an S1 registration for its new class of Preferred and become a fully reporting company once again.

    247MGI, Inc. (TOFS.PK)

    About The Stock Wizards.net

    pennystocks

    The Stock Wizards.net is looking for hot penny stock picks exposed and on the move showing unusual movement like TOFS which could be a popular top performing hot OTC small cap penny stock.

    The Stock Wizards.net knows traders and investors are looking for exciting OTC volume movers such as TOFS to put on there speculative penny stock pick watch list for review. The The Stock Wizards.net penny stock finder trading system locates the best small cap, micro cap penny stocks like TOFS that have unusual movements with news, popular penny stocks with big gains, and strong stock trends.

    The Stock Wizards.net looks for exciting, explosive penny stocks like TOFS with the right mixture of powerful volume and low market capitalization to give day-traders & investors an opportunity to build a penny stock watch list consisting of the most notable penny stocks with high volume and positive change that can become explosive mega volume penny picks at any given time.

    Disclaimer

    The Stock Wizards.net has not been compensated for any profiles featured in this report.

    The Stock Wizards.net does not own shares in any of the above profiles. The assembled information distributed by The Stock Wizards.net is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. The Stock Wizards.net does expect that investors will buy and sell securities based on information assembled and presented herein.

    The Stock Wizards.net will not be responsible in any way for or accept any liability for any losses arising from an investor’s reliance on or use of information obtained from our website or emails. Always do your own due diligence, and consult your financial advisor.

    September 17, 2011 @ 10:23 pm Trackback URL Posted in Hot Stocks and tagged with , , , , , .