posted
Barn66 Site also says start wagering immediately with instant signup. So does this mean we are open for buisness will we get a PR today?
Posts: 115 | Registered: Jun 2004
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posted
I was able to get into RBs message board for PHXI by going through Google. The link from the Yahoo website dec 1st newslink has changed and they tell you about online wagering instant signup and phone betting . Looks like its a go soon.
posted
With the release of this news, I would think the PPS should jump. I tried to signup but you can't bet from California. It looks like pretty well every other state is included. Which is probably a good thing, as I like betting and this had the potential of becoming another vice Maybe someone else from another state could signup and place a small bet to try out the system?
WOO HOO!!
quote:Originally posted by 68RS-SS: I was able to get into RBs message board for PHXI by going through Google. The link from the Yahoo website dec 1st newslink has changed and they tell you about online wagering instant signup and phone betting . Looks like its a go soon.
68
Posts: 118 | From: Los Angeles, CA | Registered: Dec 2004
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The last three candlesticks formed a Bullish Morning Star Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.
[This message has been edited by travman (edited December 21, 2004).]
[This message has been edited by travman (edited December 21, 2004).]
Posts: 118 | From: Los Angeles, CA | Registered: Dec 2004
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posted
Over the last 5 days, the chart shows a descending triangle formation and rapidly declining volume. My read on that is that it will continue to drop. Only time will tell, I guess.
Posts: 277 | From: San Jose, CA USA | Registered: Dec 2004
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posted
I hope not, expecting a PR stating that their online betting is up an running, and we all know how PRs screw with charts. Last 3 days are bullish, 5 days are bearish, who knows for sure. Only time will tell, but I am betting it is up from here, maybe a few dips, but generally trending upwards. IMO.
quote:Originally posted by TheBundo: Over the last 5 days, the chart shows a descending triangle formation and rapidly declining volume. My read on that is that it will continue to drop. Only time will tell, I guess.
Posts: 118 | From: Los Angeles, CA | Registered: Dec 2004
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Phoenix Interests Subsidiary Launches Online and Telephone Account Wagering Wednesday December 22, 3:38 pm ET
JEFFERSONVILLE, Ind.--(BUSINESS WIRE)--Dec. 22, 2004--Phoenix Interests (OTCBB:PHXI - News) announced today that its wholly owned subsidiary, Online Enterprises, Inc., has launched the account wagering portion on the company's premier thoroughbred portal and listing service Barn66.com. Effective immediately, Phoenix Interests is able to offer telephone and online pari-mutuel wagering through Online Enterprise's Internet site www.betbarn66.com. Account wagering will also be accessible from Barn66.com. All account wagering activity will be handled by AmericaTab Ltd., an account wagering company. AmericaTab Ltd. is a multi-jurisdictional simulcasting and interactive-wagering totalizator hub licensed by the State of Oregon Since its inception in 2001, AmericaTab Ltd. has increased the annual amount of wagers it has handled from $19.3 million in 2001 to $102.4 million in 2003. It estimates that in the first nine months of 2004 it has handled $93.2 million in wagers, a nearly 23% increase from the same period one-year ago. Online Enterprises will receive a fee for each wager placed with AmericaTab Ltd. through its web site. Pari-mutuel wagering in the United States totaled over $15 billion last year, of which an estimated $2 billion was conducted via account wagering and online.
BetBarn66.com becomes the newest member of the AmericaTab Ltd. affiliate system. Account holders are able to sign-up and wager through the live operator phone service, free wireless wagering service, or the company's closed loop computer systems. AmericaTab, Ltd. is licensed to operate by the Oregon Racing Commission. This online horse wagering service allows horse racing fans the ability to enjoy the excitement of the track at home. Unlike other online wagering services, AmericaTab Ltd. allows its users to instantly sign-up and wager without special software. Patrons of AmericaTab Ltd. have a unique experience in that they can wager at any track in the system with one account. Best of all, AmericaTab Ltd. is a United States-based wagering service, owned and operated by racetracks.
BetBarn66.com opens with a special online qualifier edition of the Coast Casino Horseplayer World Series. The top qualifier heads to Las Vegas to compete in the finals on January 27-29. Players will use mythical dollars for $2 win, place, or show bets with the highest ROI winning the trip to Las Vegas and stay at the Orleans Hotel for the finals. Players in the finals will compete for the $500,000 top prize and purse money totaling $1,000,000. In addition, the top five players overall in the AmericaTab Ltd. affiliate system will compete for cash prizes. There is a $50 entry for the contest, with specials for new customers to BetBarn66.com.
Phoenix Interests' core historical business was "pinhooking," namely acquiring undervalued yearling thoroughbred horses and reselling them as two-year-olds in training or as racing prospects. The company is seeking to expand within the thoroughbred industry beyond pinhooking activities and is also exploring opportunities in gaming, entertainment, and other sectors. Consistent with this expanded focus, in January 2004 Phoenix Interests elected to be regulated as a business development holding company and in March 2004 changed its name to its current name.
Statements made in this news release that relate to future plans, events or performances are forward-looking f.
posted
They will offer online and phone wagering free of charge and in the future they may have thier own race track with slots and online slots Man that should be some addictive cash flow
posted
Well, I am out, may be back, in. Sold everything at $0.022. Thanks for the heads up on this one,
Posts: 83 | From: Los Angeles | Registered: Dec 2004
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Phoenix Interests Subsidiary Now Offers Account Wagering on Magna Entertainment Tracks
Business Editors / Gambling Writers / Horse Racing Writers
JEFFERSONVILLE, Ind.--(BUSINESS WIRE)--Dec. 29, 2004-- Phoenix Interests, Inc. (OTCBB:PHXI) announced today that its wholly owned subsidiary, Online Enterprises, Inc., can immediately begin offering account wagering on Magna Entertainment Corp.(MEC) tracks through its Internet site, www.*******.com, accessible from www.******.com. This covers all MEC tracks, including Santa Anita, which opened on Sunday. The deal with MEC is for 2005 and covers all of its thoroughbred and harness racing. Players will have access to all the races that are presented by these tracks. That covers all the derby prep races leading up to the Triple Crown, including the Preakness, meaning all three legs of the greatest thoroughbred racing series will be available. The 85-day Santa Anita Meet continues through April 18 and is highlighted by the $1-million Santa Anita Handicap on March 5, the $750,000 Santa Anita Derby on April 9, and the $3.6 Sunshine Millions Day on January 29. Other MEC racetracks added to www.*****.com are Golden Gate Fields, Pimlico, and Portland Meadows. The Meadows represent their standardbred or harness racing offering. These MEC tracks are currently holding their fall and winter meets. Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "soon," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Company's filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.
[This message has been edited by Grynder (edited December 29, 2004).]
Posts: 896 | From: Arizona. It's a dry heat ! | Registered: Dec 2004
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posted
thought it was maybe not allowed. didnt wanna pi** off admin., u know.....newbie wit a doobie........
Posts: 896 | From: Arizona. It's a dry heat ! | Registered: Dec 2004
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Change in FYE or Articles, Financial Statements and Exhibits
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Effective December 27, 2004, Phoenix Interests filed a certificate of designation with the Nevada Secretary of State to establish the rights, preferences, and limitations of its Series D convertible preferred stock. Phoenix Interests' board of directors authorized the Series D convertible preferred stock without the need for shareholder approval, in accordance with authority granted under Phoenix Interests' articles of incorporation.
Phoenix Interests Announces Launch of New Corporate Internet Site
Business Editors
JEFFERSONVILLE, Ind.--(BUSINESS WIRE)--Jan. 4, 2005-- Phoenix Interests, Inc. (OTCBB:PHXI) announced today that it has launched its new corporate website, available at http://www.phoenixinterests.com. This new and updated site reflects the changes in the business of Phoenix Interests, Inc. Jim D. Tilton, Jr., Chairman, CEO and President of Phoenix Interests said: "Over the past year we have gone through a name change, have elected to be regulated as a Business Development Company, and have seen the launch of two new sites, www.Barn66.com, and www.BetBarn66.com, by our wholly owned subsidiary, Online Enterprises, Inc. Now with the New Year upon us, we have a new corporate site to reflect these changes and point us towards the new opportunities that lay ahead." As previously announced, Online Enterprises, Inc., a wholly owned subsidiary of PHXI, launched www.Barn66.com, a thoroughbred industry resource providing news and a classified listing service, as well as access to account wagering. The recent launch of www.BetBarn66.com, allows users to make account-based wagers on thoroughbred racing at over 100 tracks. One of those tracks, Gulfstream Park, opened its Winter Meet this week. Tilton added: "Being able to provide horse players with access to all the tracks they want to wager on, in one easy-to-use site, without user fees, is a great asset to our customers." Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "soon," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Company's filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.
Posts: 896 | From: Arizona. It's a dry heat ! | Registered: Dec 2004
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Item 3.02 Unregistered Sales of Equity Securities. On December 28, 2004, Phoenix Interests sold to Pinnacle Investment Partners, L.P. 1,350 shares of its Series D convertible preferred stock for consideration of $127,575. These shares of Series D convertible preferred stock were exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), in reliance on Section 4(2) of the Securities Act and the "safe harbor" private-offering exemption provided by Rule 506 of Regulation D promulgated under the Securities Act.
On December 30, 2004, Phoenix Interests sold to a number of accredited investors a total of 6,150 shares of its Series D convertible preferred stock for aggregate consideration of $581,175. These shares of Series D convertible preferred stock were exempt from registration under the Securities Act in reliance on Section 4(2) of the Securities Act and the "safe harbor" private-offering exemption provided by Rule 506 of Regulation D promulgated under the Securities Act.
Shares of Series D preferred stock may, at the option of the holder, be converted into shares of common stock at the conversion rate in effect at the time of conversion. The number of shares into which one share of Series D preferred stock is convertible will be determined by dividing (1) the sum of (A) the "Stated Value" (equal to $100) plus (B) an amount equal to 1% of the Stated Value multiplied by the number of months from the date of issuance until the date of conversion (pro rated for any period of less than a month) by (2) the Conversion Price at that time. For these purposes, "Conversion Price" means the lesser of (1) 70% of the Closing Bid Price and (2) $0.0192 (that amount being 120% of the Closing Bid Price on December 22, 2004). For these purposes, "Closing Bid Price" on a given day means the average of the closing bid price of the common stock on each of the five immediately preceding trading days on NASDAQ or any other principal securities price quotation system or market on which prices of the common stock are reported.
On December 28, 2004, Phoenix Interests sold to Pinnacle Investment Partners, L.P. 1,350,000 shares of its common stock for consideration of $7,425. These shares of common stock were exempt from registration under the Securities Act in reliance on Regulation E promulgated thereunder.
On December 30, 2004, Phoenix Interests sold to a number of accredited investors 6,150,000 shares of its common stock for aggregate consideration of $33,825. These shares of common stock were exempt from registration under the Securities Act in reliance on Regulation E promulgated thereunder.
Item 9 Financial Statements and Exhibits
Exhibit No. Description
10.1 Form of securities purchase agreement providing for purchase of shares of Series D convertible preferred stock and shares of common stock.
doesn't this make their common stock value .005 per share? ~BB
"On December 30, 2004, Phoenix Interests sold to a number of accredited investors 6,150,000 shares of its common stock for aggregate consideration of $33,825. These shares of common stock were exempt from registration under the Securities Act in reliance on Regulation E promulgated thereunder."
JEFFERSONVILLE, Ind.--(BUSINESS WIRE)--Jan. 5, 2005-- Phoenix Interests, Inc. (OTCBB:PHXI) announced that its wholly owned subsidiary, Online Enterprises, Inc., is hosting an online handicapping tournament through its account wagering site, http://www.BetBarn66.com. The tournament is scheduled for this Sunday, January 9th, with players competing for cash prizes among all online players. The top www.Barn66.com player will win airfare, hotel and entry into the Horse Player World Series handicapping tournament at the Orleans Hotel in Las Vegas, January 27-29. The Las Vegas tournament has an anticipated total purse of $1,000,000 and top prize of $500,000. The contest features mythical $2 win, place, and show bets on 7 races, with the highest ROI winning the airfare to Las Vegas, hotel stay, and entry into the tournament at the Orleans Hotel. Players can enter the tournament at www.BetBarn66.com beginning today, Wednesday, January 5th. BetBarn66.com is a member of the AmericaTab affiliate system. Account holders are able to sign-up and wager through the live operator phone service, free wireless wagering service, or the company's closed-loop computer systems. AmericaTab, Ltd. is licensed to operate by the Oregon Racing Commission. This online horse wagering service allows horse racing fans the ability to enjoy the excitement of the track at home. Unlike other online wagering services, AmericaTab allows its users to instantly sign-up and wager without special software. Patrons of AmericaTab have a unique experience in that they can wager at any track in the AmericaTab system with one account. Best of all, AmericaTab is a United-States based wagering service, owned and operated by racetracks. All account wagering activity on www.BetBarn66.com is handled by a multi-jurisdictional simulcasting and interactive-wagering totalizator hub licensed by the State of Oregon Since its inception in 2001, America Tab has increased the annual amount of wagers it has handled from $19.3 million in 2001 to $102.4 million in 2003. It estimates that in the first nine months of 2004 it has handled $93.2 million in wagers, a nearly 23% increase from the same period one year ago. Online Enterprises will receive a fee for each wager placed with America Tab through its web site. Pari-mutuel wagering in the United States totaled over $15 billion last year, of which an estimated $2 billion was conducted via account wagering and online. Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "soon," "anticipates," "plans," or "expects," and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. Reference is made to the Company's filings with the Securities and Exchange Commission for a more complete discussion of such risks and uncertainties.
Posts: 896 | From: Arizona. It's a dry heat ! | Registered: Dec 2004
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Maybe someone else from another state could signup and place a small bet to try out the system?
