From Dig's post they are restricted for 1 yr. Which IMO is not that bad.
Sandy (CEO) of FCH sold thier assets in KCHG and Terrablock for these shares of SNYY. All of these companies mentioned above are all profit producing. By the time 1yr passes IMO these SNYY shares will be of greater value then now.
Another Q being asked is "this is goin to dilute SNYY _ _ _ shares blah blah blah.."
IMO maybe SNYY needs a bigger share structure to move forward in the "BIG" picture of their business plan...
posted
restricted that stinks they may not be worth nothing in one year. oh well what about the stock itsself think this could go over .001 in the future
As of 9-30 SNYY had 1,678,318 O/S. On 10-6 they declared a 10 for 1 split, essentially increasing their shares to 16,783,180. The P/S was adjusted accordingly, and went from $12/sh to $1.20/sh.
The total A/S for SNYY is 5B, according to their TA. Reviewing their B/S as of 9-30 shows A/S of 500M; so the 10 for 1 split would have increased their A/S to 5B, in line w/ TA's info.
Essentially, SNYY's O/S is being increased by 416,666,667 shares, equal to 1sh of SNYY for every 6 of the 2.5B shs of FCDH O/S.
When added to the 16,783,180 shs the O/S for SNYY will become 433,449,847 shs.
Now here is the beauty of the stock market; how SNYY P/S reacts to this marked increase will not necessarily be in correlation to the increase in number of O/S. That is, if we are to take the market value of the SNYY shares now (16,783,180 shs x $1.20/sh = $20,139,816) and divide it by the new O/S of 433,449,847, the market value per share would become $0.046/share. THIS DOES NOT MEAN THAT ON DEC. 21 THE STOCK PRICE OF SNYY WILL AUTOMATICALLY ADJUST TO $0.046/SHARE. THIS IS NOT A SPLIT OCCURING.
Rather, the market will determine how high or low the SNYY shares are worth. For the most part, I presume that based on SNYY's steady P/S * $1.20 over the last several days that a $0.046/sh value on Dec. 21 is not too far-fetched and very safe.
Therefore, if I own 10M shares of FCDH, I will receive 1,666,667 shs of SNYY, which will likely be close to a value of $76,667 on paper on Dec. 21.
My hope is that I can hold both the FCDH and new SNYY shares and watch both of them skyrocket in due time!!! ============================================== Another way to value 10M shares of FCDH w/ the additional SNYY shares owned w/be to take the $76,667 on paper and divide it by 10M shares. This would put FCDH's intrinsic value at $0.0077 on Dec. 21; i.e 12.8 times today's market price.
THE INTRINSIC VALUE DOES NOT INCLUDE ANY ADDITIONAL BENEFITS GARNERED FROM FCDH'S INVESTMENT IN THE FIGHT NETWORK. THIS VALUE IS YET TO BE DETERMINED AND WILL ONLY ADD TO OUR POSITION IMO.
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posted
Your post just reminded me of a comment by Sandy, that he expects snyy shares to be more valuable in a year also.
quote:Originally posted by bmarley57801: Well-
From Dig's post they are restricted for 1 yr. Which IMO is not that bad.
Sandy (CEO) of FCH sold thier assets in KCHG and Terrablock for these shares of SNYY. All of these companies mentioned above are all profit producing. By the time 1yr passes IMO these SNYY shares will be of greater value then now.
Another Q being asked is "this is goin to dilute SNYY _ _ _ shares blah blah blah.."
IMO maybe SNYY needs a bigger share structure to move forward in the "BIG" picture of their business plan...
First Canadian American Holding Corporation Announces Further Negotiations With Blackout Communications
TORONTO, Dec 07, 2005 (MARKET WIRE via COMTEX) -- First Canadian American Holding Corporation (FCDH) announced today that it is in discussions with Blackout Communications to acquire additional interest in The Fight Network and its related media assets.
"Since our change in direction this week with the sale of our other assets, we have begun talks to become a more significant shareholder and player in Blackout Communications," says Sandy Winick, president of First Canadian. "We see our long-term goals to make The Fight Network and its stable of assets a major focus of our company."
About First Canadian American Holding Corporation:
First Canadian American Holding Corporation is a holding company with subsidiaries that conduct operations in areas of digital television, radio and the internet under The Fight Network brand.
Safe Harbor
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
posted
First Canadian American Holding Corporation Announces Further Negotiations With Blackout Communications
Dec 7, 2005 9:00:00 AM
TORONTO -- (MARKET WIRE) -- 12/07/05 -- First Canadian American Holding Corporation (OTC: FCDH) announced today that it is in discussions with Blackout Communications to acquire additional interest in The Fight Network and its related media assets.
"Since our change in direction this week with the sale of our other assets, we have begun talks to become a more significant shareholder and player in Blackout Communications," says Sandy Winick, president of First Canadian. "We see our long-term goals to make The Fight Network and its stable of assets a major focus of our company."
About First Canadian American Holding Corporation:
First Canadian American Holding Corporation is a holding company with subsidiaries that conduct operations in areas of digital television, radio and the internet under The Fight Network brand.
Safe Harbor
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
quote:Originally posted by bmarley57801: READ---- READ ------READ
Here's my view on Div value:
As of 9-30 SNYY had 1,678,318 O/S. On 10-6 they declared a 10 for 1 split, essentially increasing their shares to 16,783,180. The P/S was adjusted accordingly, and went from $12/sh to $1.20/sh.
The total A/S for SNYY is 5B, according to their TA. Reviewing their B/S as of 9-30 shows A/S of 500M; so the 10 for 1 split would have increased their A/S to 5B, in line w/ TA's info.
Essentially, SNYY's O/S is being increased by 416,666,667 shares, equal to 1sh of SNYY for every 6 of the 2.5B shs of FCDH O/S.
When added to the 16,783,180 shs the O/S for SNYY will become 433,449,847 shs.
Now here is the beauty of the stock market; how SNYY P/S reacts to this marked increase will not necessarily be in correlation to the increase in number of O/S. That is, if we are to take the market value of the SNYY shares now (16,783,180 shs x $1.20/sh = $20,139,816) and divide it by the new O/S of 433,449,847, the market value per share would become $0.046/share. THIS DOES NOT MEAN THAT ON DEC. 21 THE STOCK PRICE OF SNYY WILL AUTOMATICALLY ADJUST TO $0.046/SHARE. THIS IS NOT A SPLIT OCCURING.
Rather, the market will determine how high or low the SNYY shares are worth. For the most part, I presume that based on SNYY's steady P/S * $1.20 over the last several days that a $0.046/sh value on Dec. 21 is not too far-fetched and very safe.
Therefore, if I own 10M shares of FCDH, I will receive 1,666,667 shs of SNYY, which will likely be close to a value of $76,667 on paper on Dec. 21.
My hope is that I can hold both the FCDH and new SNYY shares and watch both of them skyrocket in due time!!! ============================================== Another way to value 10M shares of FCDH w/ the additional SNYY shares owned w/be to take the $76,667 on paper and divide it by 10M shares. This would put FCDH's intrinsic value at $0.0077 on Dec. 21; i.e 12.8 times today's market price.
THE INTRINSIC VALUE DOES NOT INCLUDE ANY ADDITIONAL BENEFITS GARNERED FROM FCDH'S INVESTMENT IN THE FIGHT NETWORK. THIS VALUE IS YET TO BE DETERMINED AND WILL ONLY ADD TO OUR POSITION IMO.
I beleive when you have a R/S the price goes up when you have a forward split the price goes down Shareholders were given 10 shares for every 1 they owned on 10/6, is this not correct?
-------------------- EVERY Day ABOVE GROUND is a GREAT DAY!!!
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posted
ok im in bought 500,000 shares at .0006 wouldnt let me in at .0005 hope i made the right choice would like to see it hit .001 but i am sure you guys would like it to
posted
This 1 year came directly from Sandy Winick to me in a phone conversation earlier today. I don't have any witnesses, but he was friendly and very willing to tell me what he could. I asked him about 5 questions and he answered them the best he could I would think.
quote:Originally posted by andrew: Where did this "1 year" come from. If this is so why is it not in any PR? Dont believe EVERYTHING you read on these boards.
On 21 Dec 06 an investor holding one share of FCDH would have a value of one share of FCDH and 1/6 the value of SNYY on 21 Dec 06. In today's prices that would be $.2006.
Why would they do this? They want to buy more of an interest in TFN and pay for it with shares of FCDH. The dividend gives them more value to use to buy more of TFN.
An investor would have to take the risk of one year's worth of fluctuating value for FCDH and SNNY.
If it works then an investment of $.0006 per share of FCDH will be worth $.2006 per share plus the possible appreciation/depreciation in price of both companies. At current prices the investment would multiply times 334.
$10,000 becomes $3.34 million. The investor gets a good maybe great return for helping them buy TFN and TFN is where the money is for them.
Right?
Problem: Would everybody dump their shares on 21 Dec 06 and drive down the price of the shares?
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posted
Couple of questions.... Why were only a little over a thousand shares of Suncrest traded. They had great PR. It went up 25%. FCDH traded almost 3/4 of a billion shares and went up 50%. Is it because of the O/S. I realistically cant understand why they did not say, "on record as of Dec.12,2005. Why would they not do this. Any answers? Please help me understand this excitement. Dont get me wrong I pray we all make mad money.
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posted
Just a thought. Could they have meant Dec 12? Maybe the numbers were inverted????? That would make more sense. "On record on Dec 12, 2005?" That has to be it!!!! It only makes sense......
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It sounds to me like either way you look at it fcdh wanted to create an incentive to invest in their stock. I'll bet that most people that read the pr bought the shares that didn't have them already, just because of the divs...JMO
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I've had FCDH on my watch list for a long time now because I thought the Fight Network was interesting but never invested in them.
The PR today got me to buy in. 16.5 Million shares and hoping to see a rise over .001 soon. That'll give me 2.75 million. Even if SNYY were only worth .005 I'd still be looking at $13,750 in a year from now.
I like this dividend better than others I've been a part of because SNYY is currently trading. I'm sitting on a couple dividend shares in companies that are stil private.
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posted
i got one from prrm it was like NHGP or something and now they changed it again i thought it has been 1 year since i got them but they say there still restricted i will have to go look up the symbol unless someone happens to no here
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