BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jan. 24, 2005--B2Digital, Inc. (OTCBB:BTWO - News), a provider of Pay per View and Interactive Digital Services to the hospitality industry announced today that it has opened a new off shore division to facilitate the purchase of EuroSwiss Gaming, in the Turks and Caicos Islands, a relatively new licensed online poker and gaming operation under the umbrella of IOG Casinos, Antigua. http://www.euroswissgaming.com
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Strong rumor of several good prs about to be released. Tough filling my order... MM's appear to want shares. People are not getting filled above bid. Check out the news so far... it looks good to go... conservative target of 7 cents real soon.
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Agreed... They are already in the hotels, now they are adding features, pure profit, little expense for them...
B2Digital President Robert Russell stated, "This is an online gaming site with proprietary software that fits well with our current hotel package and affords us entry into this high growth, primarily off shore sector. Online poker grew more than 700% last year, according to recent statistics, to over 4 billion dollars that was wagered online last year. In fact, to capitalize on this high growth sector, we have hired a separate operational team to fully pursue online gaming strategies; while we maintain focus on expanding our hotel business's Software package to now include 'gaming where legal' this benefits shareholders as it will create additional income from many of our properties through Hoteliers internationally as it gives us a distinctive marketing advantage." Already well positioned through its other video related services to hotels and resorts, B2Digital stands to greatly improve revenues and profits through the addition of online poker and other gaming related products. The Emerging Stock Report will continue to follow this dynamic growth company and the sector in which it competes."
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This stock is only 100% up from its 52 week low, and is still about 1200% away from its high!! there are alot of good pr's out in the last few days, and there is alot of notice about this stock, but the thing i like the most is that alot of poeple on allstocks are talking about it!
i noticed that when the pros here speak the company goes up the DD is done superbly by some of u and i am not so good at that part lol
anyways what i am trying to say is that this looks good here in my opinion
i am pretty sure we will close at the HOD if not its ok we are going to gap tommorow either way
goodluck!
-------------------- The sun even shines on a dogs ass someday....Patience my friend your day will come one day!
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Entry Material Agreement, Financial Statements and Exhibits
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On January 14, 2005, B2Digital, Inc. entered into an Investment Agreement (the "Agreement") with Dutchess Private Equities Fund II, LP (the "Investor"). This Agreement provides that, following notice to the Investor, we may put to the Investor up to $12,500,000 of our common stock for a purchase price equal to 94% of the lowest closing bid price of our common stock on the Over-the-Counter Bulletin Board during the five day period following that notice. The number of shares that we are permitted to put pursuant to the Agreement is either: (A) 200% of the average daily volume of the common stock for the ten trading days prior to the applicable put notice date, multiplied by the average of the three daily closing bid prices immediately preceding the put date; or (B) $25,000; provided however, that the put amount can never exceed $1,000,000 with respect to any single put.
In connection with this Agreement, we agreed to register the shares issuable pursuant to the Agreement. Copies of the Agreement and Registration Rights Agreement are filed as exhibits to this Form 8-K.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits:
10.1 Investment Agreement with Dutchess Private Equities Fund, II LP
10.2 Registration Rights Agreement
Can anyone explain to me what this means in english, i am pretty sure its not good, the price went down right as it came out
-------------------- The sun even shines on a dogs ass someday....Patience my friend your day will come one day!
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About Dutchess Private Equities Fund, II, L.P
Dutchess Private Equities Fund, II, L.P. is engaged in assisting growth companies in all facets of their long-term strategy, by providing capital and progressive business solutions. Through Dutchess Private Equities Fund, II, L.P, Dutchess manages a portfolio of private investments in public equities ("PIPEs"). Founded in 1996, Dutchess has transacted in excess of $300 million in financings for growth companies.
-------------------- May your trading build your character as well as your portfolio.
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The 8k was filed so that they can use those shares if they need to (technicality). I called IR today and they said they were no plans to dilute shares and that they would issue a clarification tomorrow. I will be buying if we dip in the am.
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..thanks MB..confirmation on that per friends conversation w/company tonight...
novakcapital: Did I answer all of your questions regarding the mis leading 8K? novakcapital: jjcdias : what about this PR about 100k from betting site--is that coming out tomm me : CEO stated that 100K came from new casino me : news by Thursday jjcdias : casino ok jjcdias : what kinda work u doing for them me : The 8K was the original idea, a bad idea but they are not using this anymore me : they are going to list on the Germany exchange me : which will have no effect on the OTC market daytraderdr: so do we have a consensus here that BTWO is still a buy? novakcapital: I can vouch that this companies is legit and there is no dilution novakcapital: as per the CEO himself novakcapital: I can put you on the phone with them if you want novakcapital: Europe buyers are coming into tomorrow and news thursday
-------------------- siggy: 'the poorest way to help the poor is to be poor' / jmichael1974 (yahoo)
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