I'm telling ya- this is a one-hand-feeds-the-other relationship between these guys. When one flies the other will benefit, and vice versa, as they can employ each other's services and negotiate great rates for each other.
~BB

quote:

---

Originally posted by keithsan:
BB, you posted on the FMLY board the other day, I haven't been reading here so this may be posted but, check it out:

Family Room Gets on the ``Guest List''
January 21, 2004 06:00:00 AM ET

Emmett/Furla Films, a wholly owned subsidiary of Family Room Entertainment Corporation FMLY, is pleased to announce that it has partnered with Holly Wiersma's Phad Films to finance and produce "Guest List Only."

"Guest List Only" is a documentary of the club scene in Los Angeles that follows the lives of Los Angeles celebrities and club promoters Pantera Sarah and Paris Hilton (FOX TV's "The Simple Life").

---

quote:

---

Originally posted by betting babe:
Thx for the info- I hadn't read it.

I'm telling ya- this is a one-hand-feeds-the-other relationship between these guys. When one flies the other will benefit, and vice versa, as they can employ each other's services and negotiate great rates for each other.
~BB

---

As to the earlier request for opinions on the near term for WNMI, here's my take. I think we'll see a modest dip after the 10Q, as I don't anticipate it to be anything spectacular (no Paris or Malia numbers in there yet, though the lingerie bowl should be).

Within a week or two (if not sooner) I am guessing we'll see a spike in the pps and renewed hype surrounding a new Paris Hilton news release, since Steve Chamberlain will be getting back on Tuesday from a visit to see her in Australia (he met with her today).

That's as far on a limb as I'm comfortable prognosticating. And of course this is all just my 1/50.

quote:

---

Originally posted by bauer:
Maybe so, but that means long term hold. I'm daytrading for a living now.

---

Thx for sharing your thoughts. It's always great to get many opinions.
~BB

quote:

---

Originally posted by longfellow:
... since Steve Chamberlain will be getting back on Tuesday from a visit to see her in Australia (he met with her today).

---

quote:

---

Originally posted by longfellow:
Hmmm, my previous post seems to be missing. I was saying that someone I know talked to Steven a few times the past week, and he passed that info on. Can't say I know it's true for sure, but this person can't afford to get a bad rap.

---

---

Pop hunk JC Chazez predicts sexy hotel heiress Paris Hilton is destined for a glittering career in music - after being stunned by her rock chick vocals.

The former 'N Sync singer offered his opinions on Paris's solo recordings after she invited him to swap ideas about the upcoming release, which is being produced by Rob Boldt - the man behind tracks on JC's solo debut Schizophrenic.

The Girlfriend singer says "I'm not recording with Paris but I've talked to her about ideas for her record. Her first song's gonna surprise a lot of people - let's just say she's a rock 'n' roll girl!"

Previous reports have compared Hilton's voice to Beyonce Knowles and Jessica Simpson, but Chasez says the blonde beauty has her own unique style.

He adds, "I'm proud of her for being brave enough to do it, because she knows she's going to stand under a microscope and everybody's going to scrutinize the hell out of her."

quote:

---

Originally posted by Rics1997:
Whats going on, should I buy or is there something I am missing here. Back under a penny?

---

I don't know of any rational basis for the current pps, so I'd say it's a steal right now. Market cap of $4.5 million, for a company like this? That's outrageously low, when you factor in just the rev's we already know about, much less future potential and whatnot. I'd be surprised if we're sub-penny for very long, and if we are, I'll be accumulating a lot of shares, unless there's some sort of massive dilution or an asteroid wipes out California.

I'm posting updated info on the Federal class action lawsuit against modeling agencies. This is the Federal suit only, as the NY State suit is not expected to go to court until end 2004/beginning 2005.
I am posting this info because we are bound to see more about the case in the news, and it is important to understand that Warning is NOT an agency mentioned in the case.

HOWEVER, what could affect Warning long-term is if modeling agencies lose the lawsuit and are found guilty. The government could rule that modeling agencies can only charge models 10% commission instead of the now-standard 20% commission, lowering the revenues of all agencies. In Warning's benefit, if the judgment goes against the agencies involved, it could strengthen markets outside the fashion nucleus of NYC, namely LA, where Warning is based, and bring them more clients & therefore revenues.
For instance, Elite Model Mgmt, one of the largest and most established agencies, has already filed for bankruptcy protection and put the agency up for sale. Models may be less likely to sign with a bankrupt agency for representation, especially when there are so many other choices, and clients may be less likely to use models from a bankrupt agency.

THE FEDERAL CLASS ACTION ANTI TRUST CASE BEGINS JURY SELECTION IN 2 WEEKS

Agencies named in the suit:
Ford Models, Mr. Gerald Ford, Que Mgmt, Wilhelmina Models, Elite Model Mgmt, Next Mgmt, IMG Models, Click Model mgmt, Images Mgmt, Model Mgmt Corp (f/k/a Intermational Model Managers Association "IMMA").

Plaintiffs (models) allege that defendants, throught their membership or associations with others..of the modeling industry's trade association, IMMA (now called MMC), had the opportunity to, and did indeed, fix prices.., terms and conditions of models' employment, and the manner in which to structure their businesses (as mgmt companies rather than employment agencies).
..Plaintiffs' theory is that defendants agreed upon uniform practices on several fronts, all with the motive to squash competition...
Plaintiffs assert that the conspiracy began with an agreement among defendants, collectively, to transform the structure of their businesses from employment agencies to mgmt agencies- for the express purpose of avoiding the 10% cap imposed upon employment agencies...

That's the gyst of the Federal suit. Again, not sure how this affects Warning, if it will at all, but when you read about it in the news, remember that it only targets the defendants mentioned above.

Which is exactly why, when asked if there are any other modeling agencies to invest in, I answer at this juncture, NO.

Just keeping the board informed,
~BB

[edit: sorry, there is no link to this information that I know of for public viewing, so take it as hearsay, for what it's worth]

Go to the Berlin stock exchange board (www berlinerboerse de) and put in the symbol for Warning (RZB). Then pull up a chart to see how far back it goes. Amazing how the drop in pps happens the very next day after listing, and practically ever since, isn't it? Warning was listed the day after the Paris Hilton news broke, and began falling within 24 hours.

This gives support to the following types of PR's from other companies:

<b>
I know you've been contacted by investors concerned about WNMI being listed in Berlin. Just in case you hadn't seen this, I wanted to show you that if you go to the Berlin exchange web site (www berlinerboerse de) and put in Warning's symbol (RZB), and click on a chart of any length, you'll see that your company was listed the day after the Paris Hilton news was released (see where the chart begins?), and the pps began declining within 24 hours (see attached chart).

This gives further credence to the many companies that are complaining about listing in Berlin and the associated short selling, such as this recent PR from DTMG:

Andrew Benson, President DataMEG Corp. states, "We have noticed a constant selling pressure on the Company's equity at or around the same time this listing appeared on the Berlin Exchange. We will continue with our investigation to determine how such a transaction occurred and who solicited and authorized this listing transaction without the Company's consent."
</b>

quote:

---

Originally posted by longfellow:
FWIW I emailed that to Bonar and Chamberlain, including an attached pic of the chart:
[edit out, redundant to post quote]

---

On the plus side, we probably never would have had the chance to buy these stocks at such cheap levels if they hadn't pulled these shenanigans. So, I continue to accumulate. But I'll be glad when WNMI gets delisted.

quote:

---

Originally posted by betting babe:
That was smart thinking longfellow.
Thx for looking out for us.
Curious to see the response.
Why is this suddenly such an issue with so many stocks?
~BB

[This message has been edited by betting babe (edited May 17, 2004).]

---

quote:

---

Originally posted by betting babe:
CLASS ACTION LAWSUIT UPDATE
etc...

---

Thanks for keeping us informed, betting babe! It seems to me that the lawsuit, overall, is a positive thing for Warning. Lots of big names could be looking for new representation soon. (By the way, I'm sure you know this...do the big names typically have 12 month contracts, or how does that work? Like Vendela, Stephanie Seymour, Rachel Hunter, etc. at Ford?)

And even if a 10% ruling was enacted, I'm not expecting the lion's share of Warning income to come from those fees. If we're lucky, at least some of the licensing deals will pan out and likely be the primary sources of revenue. IMO.

I can't see an agency signing a model for under a 2 year contract. Typically, it's 5 years if the agency wants to keep them. Me personally, I'm under five year contracts with my agencies, automatically renewable unless a party cancels within 30 days of the end of the contract.
~BB

quote:

---

Originally posted by longfellow:
(do the big names typically have 12 month contracts, or how does that work?
... If we're lucky, at least some of the licensing deals will pan out and likely be the primary sources of revenue. IMO.

---

quote:

---

Originally posted by betting babe:
...I can't see an agency signing a model for under a 2 year contract. Typically, it's 5 years if the agency wants to keep them. Me personally, I'm under five year contracts with my agencies, automatically renewable unless a party cancels within 30 days of the end of the contract.
~BB

---

Thanks. I wonder, with Elite putting itself up for sale, whether those models have the choice of terminating their contracts if and when their agency is sold. Do your contracts say anything about that, do you recall?

quote:

---

Originally posted by betting babe:
I've never known a model to have a problem getting out of a contract.

---

Ah. Well then, I suppose that's good, if some decide they want to come our way. I've never worked in a field in which contracts are so easily broken. Breach of contract spells lawsuit city in the areas I've worked.

quote:

---

Originally posted by betting babe:
Expanding on the "don't sell now it's not the busy time yet" caveat, I took a look at Warning's SEC financial filings. It is clear that their revenue picks up in the 3rd and greatly in the 4th quarters.
Such is the biz. Hold on.

*yay, rah rah* (cheerleading for GTTDogs)
~BB

---

maybe the receptionist is a temp? yeah, that must be it... LOL

quote:

---

Originally posted by Bob Frey:
Called the company reception knows nothing about it.

---