Uh, you people know that FOT hasn't posted here since page 2, right? Do you all realize how pathetic some of you sound here? Sheesh... If you're looking for him, I think I saw him walking on the water a while ago... ________________
"FOT, you still in it dude? Charts looks good but needs volume here. "
" If ya look back in this thread (maybe wysk thread)FOT said he was doin some other thing for a few days, and would not be posting as much. He will be back to help us cross the street if needed...."
"FOT are u still in this company and where is it going whats you pps target and when im thinking about getting in any opions guys "
" check with FOT he might have the answers your looking for,, i haven't looked at it really, FOT says it will pop,, from his picks his track record looks pretty good, "
"I think FOT is right about this one just needs a nudge, good PR should do it. "
(DISCLAIMER: The tone of this post is very uncharacteristic of me, but this really put me over the edge...Sorry, but - come ON, people...)
I own this @ .0003, like most of us here.
Posts: 1872 | From: right here | Registered: Apr 2004
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posted
This thing needs to get some volume- ive got 2k tied into it and its causing me to miss out on a ton of other plays.... Im thinking about just selling for a 33% loss and playing something else... but... nahhhhhhh!
Posts: 565 | From: War Eagle | Registered: Jun 2005
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quote:Originally posted by databig: i sent them a email, yesterday, asking for an update and PR
whatever happened with that data?
-------------------- Wide diversification is only required when investors do not understand what they are doing W.Buffet Posts: 565 | From: War Eagle | Registered: Jun 2005
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posted
i haven't gotten any reply back yet,,if i do and when, i will let you guys and gals know, i will keep trying,, ive got a couple mil also. would like to see it moving alittle..
Posts: 535 | From: muskegon, michigan | Registered: Jul 2005
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posted
Jakeo and others, how long before BHWK makes a move, it took almost two months to move from 1-2 to 2-3. It's just your money, but since I sold my BHWK I have almost tripled my $900 dollars.
I also had been waiting for it to go up, needed some money to buy NWPO so I sold by 3 Mill at .0003 bought at .00025
Look at NWPO partners Look at SSTY set for Olympics 2008, more deals to be announced after this major wall.
How long are you going to wait for BHWK?
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
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The CMF is green and still strong The MACD is just crossing over and diverging positive The stochs are divergining positive Tight trading range for nearly 2 months This has been under accumulation for quite a while. The bollis are nice and tight!
I expect some news to be coming soon!
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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posted
very tru pens- while it was @ .0003 today i sold mine for .0002 On to greener pastures...
-------------------- Wide diversification is only required when investors do not understand what they are doing W.Buffet Posts: 565 | From: War Eagle | Registered: Jun 2005
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posted
I told every on in here a long time ago that this stock was going to fall right back down with no news and now well it has done just that sorry that i had to be right about this one but hey better luch next time ... if you want to get out and regain your money i would consider ICMH its going to fly this week on some major news it could fly more then ssty has done over the last 2 days well good luck guys
Posts: 1011 | From: ct | Registered: Mar 2005
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posted
i did call black hawk today, and spoke to a person, he said they were in the process of filing the 10Q this week for a acquisition, and that there will be PR out next week after all the paper work is done, also he said this acquisition will benifit black hawk, but could not talk about it til after the 10Q was filed, also mentioned the company does not want to put out PR that is of no value, also the O/S are 967mil and the float is 600mil, and they haven't been adding shares, and the company is solvent on suporting itself. i hope this helps, so i guess ill hold my shares for a few weeks and maybe buy more
Posts: 535 | From: muskegon, michigan | Registered: Jul 2005
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posted
We had enough bashing to get a blue light special. News next week I would buy more but the last of my cash went into GRYF at .0018 the day before it got suspended.
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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posted
boy i hope the news next week is good,,,like he said , keep watchin it.
Posts: 535 | From: muskegon, michigan | Registered: Jul 2005
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS. FORWARD-LOOKING INFORMATION
Much of the discussion in this Item is forward looking as that term is used in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934. Actual operations and results may materially differ from present plans and projections due to changes in economic conditions, new business opportunities, changed business conditions, and other developments. Other factors that could cause results to differ materially are described in our filings with the Securities and Exchange Commission.
There are several factors that could cause actual results or events to differ materially from those anticipated, and include, but are not limited to general economic, financial and business conditions, changes in and compliance with governmental laws and regulations, including various state and federal environmental regulations, our ability to obtain additional financing from outside investors and/or bank and mezzanine lenders and our ability to generate sufficient revenues to cover operating losses and position us to achieve positive cash flow.
Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. We believe the information contained in this Form 10-QSB to be accurate as of the date hereof. Changes may occur after that date. We will not update that information except as required by law in the normal course of its public disclosure practices.
Additionally, the following discussion regarding our financial condition and results of operations should be read in conjunction with the financial statements and related notes contained in Item 1 of Part I of this Form 10 Q-SB, as well as the financial statements in Item 7 of Part II of our Form 10-KSB for the fiscal year ended December 31, 2004.
MANAGEMENT'S PLAN OF OPERATIONS.
CURRENT BUSINESS PLAN
Our current purpose is to seek, investigate and, if such investigation warrants, acquire an interest in business opportunities presented to us by persons or firms who or which desire to seek the perceived advantages of a corporation which is registered under the Securities Exchange Act of 1934, as amended. We do not restrict our search to any specific business; industry or geographical location and we may participate in a business venture of virtually any kind or nature.
We may seek a business opportunity with entities which have recently commenced operations, or which wish to utilize the public marketplace in order to raise additional capital in order to expand into new products or markets, to develop a new product or service or for other corporate purposes. We may acquire assets and establish wholly owned subsidiaries in various businesses or acquire existing businesses as subsidiaries.
As part of our investigation of potential merger candidates, our officers and directors will meet personally with management and key personnel, may visit and inspect material facilities, obtain independent analysis or verification of certain information provided, check references of management and key personnel and take other reasonable investigative measures, to the extent of our financial resources and management expertise. The manner in which we participate in an opportunity will depend on the nature of the opportunity, the respective needs and desires of us and other parties, the management of the opportunity, our relative negotiation strength and that of the other management.
We intend to concentrate on identifying preliminary prospective business opportunities that may be brought to our attention through present associations of our officers and directors, or by our shareholders. In analyzing prospective business opportunities, we will consider such matters as the available technical, financial and managerial resources; working capital and other financial requirements; history of operations, if any; prospects
-------------------------------------------------------------------------------- for the future; nature of present and expected competition; the quality and experience of management services which may be available and the depth of that management; the potential for further research, development or exploration; specific risk factors not now foreseeable but which then may be anticipated to impact our proposed activities; the potential for growth or expansion; the potential for profit; the perceived public recognition or acceptance of products, services or trades; name identification; and other relevant factors. Our officers and directors will meet personally with management and key personnel of the business opportunity as part of their investigation. We will not acquire or merge with any company for which audited financial statements cannot be obtained within a reasonable period of time after closing of the proposed transaction, as required by the Exchange Act.
We will not restrict our search to any specific kind of firms, but may acquire a venture which is in its preliminary or development stage, which is already in operation, or which is in essentially any stage of its corporate life. It is impossible to predict at this time the status of any business in which we may become engaged, in that such business may need to seek additional capital, may desire to have its shares publicly traded or may seek other perceived advantages which we may offer.
RECENT EVENTS
Effective January 3, 2005, we changed our name from Zannwell Inc. to The Blackhawk Fund and implemented a one for 800 reverse split of our common stock.
Effective January 4, 2005, we amended our articles of incorporation to authorize 4,000,000,000 shares of common stock, par value $0.001 per share, and 50,000,000 shares of preferred stock, par value $0.001 per share.
RESULTS OF OPERATIONS
CONTINUING OPERATIONS
REVENUE
THREE MONTHS ENDED JUNE 30, 2005 COMPARED TO THE THREE MONTHS ENDED JUNE 30,
2004.
Total net sales and revenues were at $8,533 for the three months ended June 30, 2005 compared to $0 for the prior period. Revenues in this period were derived from consulting fees.
General and administrative expenses for the three months ended June 30, 2005 compared to 2004 decreased by $290,437 to $85,574 from $376,011 in the prior period.
Operating loss decreased from a loss of $376,011 to a loss of $77,041 for the three months ended June 30, 2005.
Interest expense, net for the three months ended June 30, 2005 and 2004 was $0.
SIX MONTHS ENDED JUNE 30, 2005 COMPARED TO THE SIX MONTHS ENDED JUNE 30,
2004.
Total net sales and revenues were at $11,651 for the six months ended June 30, 2005 compared to $0 for the prior period. Revenues in this period were derived from consulting fees.
General and administrative expenses for the six months ended June 30, 2005 compared to 2004 increased by $4,278,963 to $4,684,213 from $405,250 in the prior period. The 2005 expenses include a $3,995,000 charge for compensation expense on 99,875,000 shares issued in conversion of Preferred A shares into Common shares and a $19,700 charge for 127,000,000 shares issued for services.
Operating loss increased from a loss of $696,069 to a loss of $4,672,562 for the six months ended June 30, 2005.
Interest expense, net for the six months ended June 30, 2005 was $0 as compared to the same period of $50.
LIQUIDITY AND CAPITAL RESOURCES
As of June 30, 2005, we had working capital of $36,073.
Cash used in investing activities: During the period there was an advance of $46,000 to Blackhawk's parent company pursuant to a "floating note."
Cash provided by financing activities included $292,813 from sales of stock, including stock option exercises and $4,863 from a related party.
COMPENSATION FOR OFFICERS AND DIRECTORS:
The officers have agreed that any and all salaries and/or other forms of compensation that have not been paid because of the Company's financial condition do not accrue. The officers have agreed to forego any and all amounts that might have come to them for past services rendered in its behalf.
CRITICAL ACCOUNTING POLICIES
The preparation of our consolidated financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and judgments that affect our reported assets, liabilities, revenues, and expenses, and the disclosure of contingent assets and liabilities. We base our estimates and judgments on historical experience and on various other assumptions we believe to be reasonable under the circumstances. Future events, however, may differ markedly from our current expectations and assumptions. While there are a number of significant accounting policies affecting our consolidated financial statements, we believe the following critical accounting policy involve the most complex, difficult and subjective estimates and judgments.
STOCK-BASED COMPENSATION
In December 2002, the FASB issued SFAS No. 148 - Accounting for Stock-Based Compensation - Transition and Disclosure. This statement amends SFAS No. 123 - Accounting for Stock-Based Compensation, providing alternative methods of voluntarily transitioning to the fair market value based method of accounting for stock based employee compensation. FAS 148 also requires disclosure of the method used to account for stock-based employee compensation and the effect of the method in both the annual and interim financial statements. The provisions of this statement related to transition methods are effective for fiscal years ending after December 15, 2002, while provisions related to disclosure requirements are effective in financial reports for interim periods beginning after December 31, 2002.
-------------------------------------------------------------------------------- We elected to continue to account for stock-based compensation plans using the intrinsic value-based method of accounting prescribed by APB No. 25, Accounting for Stock Issued to Employees, and related interpretations. Under the provisions of APB No. 25, compensation expense is measured at the grant date for the difference between the fair value of the stock and the exercise price. RECENT ACCOUNTING PRONOUNCEMENTS
On December 16, 2004, the Financial Accounting Standards Board (FASB) published Statement of Financial Accounting Standards No. 123 (Revised 2004), Share-Based Payment (SFAS 123R). SFAS 123R requires that compensation cost related to share-based payment transactions be recognized in the financial statements. Share-based payment transactions within the scope of SFAS 123R include stock options, restricted stock plans, performance-based awards, stock appreciation rights, and employee share purchase plans. The provisions of SFAS 123R are effective as of the first interim period that begins after June 15, 2005. Accordingly, the Company will implement the revised standard in the third quarter of fiscal year 2005. Currently, the Company accounts for its share-based payment transactions under the provisions of APB 25, which does not necessarily require the recognition of compensation cost in the financial statements. Management is assessing the implications of this revised standard, which may materially impact the Company's results of operations in the third quarter of fiscal year 2005 and thereafter.
OFF-BALANCE SHEET ARRANGEMENTS.
We do not have any off-balance sheet arrangements.
Posts: 134 | From: San Jose, CA | Registered: Jun 2005
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posted
suppose to get PR next week , they just had a aquistion that is suppose to be good for the company,,
Posts: 535 | From: muskegon, michigan | Registered: Jul 2005
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