247MGI, Inc. (PINK:TOFS) issued its latest shareholder update about two weeks ago and since then the trading activity of the stock is getting weaker. The stock might get popular again today, however, since yesterday evening a promoter recommended it for trading in the coming session. 
TOFS closed 14.29% down yesterday on a trading volume of 2.51 million shares, which shows diminishing interest towards the stock, given that the average daily volume for the past 30 days exceeds 11 million shares. The share price also moved yesterday within the established on Friday trading range, while the RSI has just reversed downwards and has just crossed the centerline.
Yet, today TOFS might explode again, if the promotional e-mail that we received yesterday evening has the desired impact on the market. The compensation for the promotion has been modest – the promoting website expects to receive $5,000 for a one-day marketing campaign that would take place today.
On the other hand, TOFS is very low-priced, yesterday’s session closed at $0.0012, which means very low average dollar volumes. That, in combination with the fact that TOFS is not reporting to the SEC and has recently announced a pending “merger in a multi billion dollar industry” (as stated in the company’s latest quarter report), could create excellent circumstances for a promotional jump today.
Another interesting fact from the latest available financial report of TOFS is that it had zero cash as of end-June 2011, and that also at the end of June its CEO received accrued salary in the amount of $1,000,000 in the form of 1,000,000 shares of Series AA Preferred Stock of the company. Also in the second quarter of the year, TOFS issued a total of 220,000,000 million common shares for the cancellation of $13,200 in accrued debt. On top of all, the information about the company’s share structure, and a possibly planned reverse stock split, is rather controversial, making the stock only a very risky and speculative investment.
