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Posted by: vlftraders In reply to: None Date:4/9/2006 9:37:46 PM Post #of 86
Did anyone find anything interesting...
in the IR Packets sent to them? Talked to Teresa (IR) last week, and have one coming to me sometime this week. Calling her again tomm. or Tues, as she will have answers to questions I had asked from last week. Will share with the board when I speak with her.
Nothing was said as fact, but I got the impression updating News about them and AAHA, as well as positive News about a distribution contract in the works, when I asked her "Whats new" for MMTV and any upcoming events she could divulge.
Again, nothing said in fact, just putting the pieces together as we talked.
By the way, its been 1 month ago this week MMTV was at $1.50. Things are looking up for MMTV, as they have half the liabilities they had, not to mention their advertising campaign will bring in as much as $25M fisrt year.
posted
The only thing I can find is the 19M shares given to AFMN when MMTV bought them out might have been unlocked but as you can see from the following. CapitalSmart made MMTV a loan secured by warrants they can convert next year at .40. I am sure they expected that the share price would be much higher.
From January 31,2006 http://biz.yahoo.com/e/060131/mmtv.ob8-k.html Item 2.03 Creation of a Direct Financial Obligation On January 27, 2006, the Registrant and an investor, CapitalSmart, LLC (the "Investor") entered into a Note Purchase Agreement pursuant to which the Investor agreed to loan the Registrant an aggregate of $1,000,000. The Note Purchase Agreement provides that the Registrant will issue a convertible promissory note in the original aggregate face amount of $1,000,000 (the "Note") and warrants to purchase 2,500,000 shares of the Registrant's common stock (the "Warrants") to the Investor.
Pursuant to the Note Purchase Agreement, the Registrant will issue the Note on February 15, 2006. The Note will mature twelve months from the date of issuance (the "Maturity Date") and will accrue interest at a rate of 20% (compounded semi-annually). Interest will be paid at the end of each quarter in either (i) shares of the Registrant's Series C Zero Coupon Preferred Stock valued a $1.00 per share, or (ii) cash, at the option of the Investor. The first interest payment is due March 31, 2006.
The Registrant's Series C Zero Coupon Preferred Stock is convertible into shares of the Registrant's common stock on the Maturity Date at a price equal to a 10% discount to market based on the average closing price of the Registrant's common stock for the twenty (20) days immediately preceding the conversion.
The Investor will loan the Registrant $1,000,000 based on the following loan schedule:
Loan Schedule: February 15, 2006 $250,000 March 31, 2006 $750,000
On the Maturity Date, the Investor will have the option to convert the Note into shares of the Registrant's common stock at a fixed conversion price of $0.40 per share. However, the Note shall not be convertible if such conversion would cause the Investor's ownership of the Registrant's common stock to exceed 4.99% of the then issued and outstanding shares of common stock of the Registrant; provided, however, the Investor may provide the Registrant with sixty-one (61) days notice (the "Waiver Notice") that the Investor would like to waive this restriction with regard to any or all of the shares of common stock issuable upon exercise of this conversion feature of the Note. If the Investor provides such notice, this restriction will be of no force or effect with regard to all or a portion of the Note referenced in the Waiver Notice. This provision also shall be of no further force or effect during the sixty-one (61) days immediately preceding the Maturity Date.
With the consent of both the Registrant and the Investor, the Note may be extended for an additional 12 months, with the terms of the interest payments remaining the same.
The Warrants described above will be issued on a pro rata basis in accordance with the loan schedule as follows:
February 15, 2006 625,000 warrants March 31, 2006 1,875,000 warrants
The Warrants will have a term of five (5) years with an exercise price of $0.75 per share (the "Exercise Price"). The Investor cannot exercise the Warrants if such exercise would cause the Investor's overall ownership of the Registrant's common stock to exceed 4.99% of the then issued and outstanding shares of common stock of the Registrant.
The terms of the Note Purchase Agreement provide that the Registrant, at its earliest opportunity, and in any event not more than 120 days from the date of the transaction, will register all of the Investor's underlying equity positions in the Registrant pursuant to a registration statement filed with the SEC. The Registrant agreed to keep the registration statement effective for a period of 3 years, subject to customary carve-outs.
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Here is the part about AFMN getting 19M shares...
Item 2.01 Completion of Acquisition or Disposition of Assets.
As previously reported in Part II, Item 5 of the Quarterly Report on Form 10-QSB, filed by the Registrant with the Securities and Exchange Commission (the "Commission") on November 21, 2005 (the "Original Filing"), on November 16, 2005, the Registrant issued 19,415,626 shares of its restricted common stock to AFMN, Inc. in exchange for 100% of the outstanding shares of African American Medical Network, Inc. African American Medical Network, Inc. provides educational programming to patients through installation of TV/DVD viewing systems in doctors' offices serving the African American population.
This Current Report on Form 8-K amends the Original Filing to include the financial statements and pro forma financial information required by Item 9.01 of Form 8-K.
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posted
my thought is that either they just dumped all their shares at once or this has been shorted down to here but either way this seems like the bottom. It has floated around here for a week or so and I would expect a bounce soon. 19M is really not that many shares to absorb if they dumped and if it is shorted a squeeze may be in order. Can't find anything bad on this thing and I think a quick 100% bounce from these levels is due any time.
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Full disclosure...I bought in at .1 last week. I am playing this for a bounce to the .2's and may hold some free shares a bit longer.
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Posted by: vlftraders In reply to: None Date:4/12/2006 10:11:24 PM Post #of 96
Talked to IR today...
Good things coming folks. Tomorrow should start to see an uptrend towards .20 Company has many things in the pipeline, and IMO we will hear News this week or next. This company has a bright future, and as IR said, No reason for the PPS to be this low. Granted, they assumed it would drop due to the 19MM share/merger scenario, but nothing to this extreme. You have to appreciate the nature of the business, (which my wife is in), to see the potential of this company, and just exactly what they do.
Got my sell order for half at .16, and the rest at $1.
This is a winner folks. No telling just how high this could go when News hits the wires. Keep in mind, this was $1.50 a month ago, and $4 at its high previously.
You want a Bounce play, well you have it here. Look at the charts. Ask Penny_ta (King of Charts IMO) how good they look. Unbelievable. Im buying a ****load tomorrow. Holding 100K, getting 50K more at .10 or under. Youll see me buying at .10 at open. Cant wait for tomorrow...
This is as close to a given as you can get in stocks. Not pumping, just years of bounce plays under my belt. Do your own DD, call IR and talk to Miss Brey, find out what it is the actually do, then make your choice. Either way, Im buying.
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Posted by: adidas24p In reply to: None Date:4/13/2006 10:22:54 AM Post #of 97
MMTV technical analysis - chart looks great, moving up from triple bottom at .08 about ready to blow. Resistance at .14 and .17 then .45! explosion soon!
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