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Originally Posted by Rui
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As you may (or may not know) up until recently, we also owned 110 media group, inc. , a public company which owns web1000 free host. The dialer was used for asian traffic which had no billing options and/or was no good for traffic customers. As of the recent success of MobBucks, we have decided to exit from the public entity and step down from the board of directors, thus lifting the heavy restrictions the SEC imposes on public companys, and their officers and directors.
Other investors are now the majority shareholders of 110 media group and is managing/rebuilding the entire system and preparing to appoint new board members etc. Now we can make our money without giving so much of it to lawyers and accountants (for all the filings and audits necissary when you ar public) and no longer have the SEC up our asses on everything we do. We are ecstatic to have sold our majority position and still maintain a stock position in web1000 while maintaining 100% ownership of MobBucks. pimp pimp!!!
