MGWE (Reverse Split) Magicweb, Inc.

[mattos90]

MGWE recently did a reverse split, and there's been a considerably amount of pullback in the share price, anyone think it's a good time to buy now?

[justmelat]

I got into this yesterday also, following Catfish's, reverse merger strategy. SHould be interesting to watch

[mattos90]

My L2s are showing me a bid that should've triggered an old limit order but it didn't. I'm wondering if something is wrong with my system.

[Dinamo]

Creeping back up. Saw a few good sized buys go through at the ask.

[CatFish]

be careful with these as i said they are get in and get out with a profit. do not go for the kill

[mattos90]

Magicweb, Inc. Entering Thailand Market With "EnterVision"(TM) Broadcasting Deal
Magicweb, Inc. (PINKSHEETS: MGWE), developer of the "EnterVision"(TM) Broadcasting System, announced today that it had begun negotiations with local broadcasters in Thailand to broadcast their network programming around the world. The EnterVision(TM) Broadcasting System utilizes a proprietary, real-time broadcasting system for television transmission delivery via IPTV (Internet Protocol Television Transmission).
Utilizing the proprietary "EnterVision"(TM) Broadcasting System from Magicweb, any content provider would be able to offer its content to all cable companies in the world via inexpensive Internet distribution. The technology will also be able to offer "direct to consumer" pay-per-view broadcasting as well as offering real-time broadcasting 24/7 through Internet connections to home televisions.

The Magicweb technology enables content providers to become part of the new "satellite-less" broadcasting era made possible by the "EnterVision"(TM) Broadcasting System.
More About Magicweb, Inc.:
Magicweb, Inc. is the developer of the "EnterVision"(TM) Broadcasting System, a proprietary, real-time broadcasting system for television transmission delivery via IPTV (Internet protocol television transmission). The technology is similar to VoIP (Voice over Internet Protocol), which provides the ability to make telephone calls over the Internet using conventional telephones. Unlike VoIP, however, there are no FCC regulations for the transmission of television or radio signals utilizing the IPTV format. And, unlike existing "streaming video" technology that utilizes packet-switched data transmissions and requires users to have dedicated programs to "play" video files, the EnterVision(TM) technology allows television broadcast quality 30.3 frames-per-second video to be transmitted on a real-time basis utilizing discrete JPEG files. Additional information on the company can be found at www.magicweb.com

[sevago00]

wow i missed this. up 125%

can someone tell me what the bid/ask price were as of close? i dont trust quotetracker

[Revsly]

Bid $.02
Ask $.05

[sevago00]

thanks. is it bad that bid wasnt closer to close price or it doesnt make a difference?

[mattos90]

The spread has been relatively large for the last couple of days. It was somewhat tight yesterday.