Originally Posted by RayVega

Yes, great news. As of yesterday we (Tim and I) are no longer bound by the restrictions of being directors of a public entity. wheeeew. When you are a director, you can't say shit, you have to disclose everything, and you spend most of your money on audits and filings.

Now that we (and consequently MobBucks) are a private entity. We can enjoy the fruits of our labor without the SEC having a gun to our heads (figuratively).

We are still the president and vice president of the corp that owns MobBucks. the step down from the board of directors only pertains to 110 media group, inc. which owns web1000.

Now we can really get down to business. Good news all around. And it was financially benefitial, if you know what I mean (which is always good).