quote:Originally posted by SincereX13: This posted in another board...
ATTENTION Fellow BKMPers. Just spoke with Sandy--
Apologized that it has taken him some time to get back w/me, and that he knew the question I had for him has been on the minds of many. In one word, "DILUTION."
We spoke about the TA handling transactions involving liquidation of shares in lieu of cash-payment toward the Convertible Note.
Whatever shares are generated as a result of these trxs. IS NOT HAPPENING NOW because of a TWO YEAR HOLDING PERIOD prohibiting them being traded on the open-market. That is, shares liquidated in lieu of cash paymnent toward the CD cannot be excercised until Fall, 2007.
Sandy's guess is that the supression of share price is likely being caused through those holders seeking instant returns on investment, a.k.a. flippers.
He commented that the problem for BKMP is that it is viewed by those typically trading pinkies as another typical pinkie and thus is heavily traded through flipping.
He went onto comment that even though many choose to flip BKMP that they only have about 45-days left to do so for it to remain profitable.
News releases will start to roll out at that time that will, in his words, "Blow Your Socks Off," basically anihilating the current environment that makes flipping worthwhile.
Asked if he could elude or drop a hint regarding these "earth-shattering" releases, he responded that if he did tell me he would have to kill me. Told him no-thanks, I want to stick around so that I can reap the benefits of BKMP. He laughed and I thanked him for answering the question on the minds of many.
Another observation. I had asked him why he doesn't put out a release to this effect. He told me that up until about a month ago he had time to focus on these types of issues, but that today the demands of this burgeoning company pretty much limits his time to issue these types of PR's. He says that he believes that the share price of BKMP will benefit much more from the effort being put into what is soon coming to fruition. He concluded by reiterating, "Give it about 45 days."
Let the countdown begin... T minus 10 days b4 April 3rd starting tomorrow!
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I put in an order for .0003 with Scottrade. I blinked and it was filled. Any one else get in at .0003 The ask on Scottrade is .0005 at this moment
Dmort In Dec. this stock was up b/c peeps were getting in to get the divvys
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Anyone else's SNYY dividend stocks showing up with a value this morning. All of a sudden I have a 100,000 more in my etrade account.
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Interesting read about MM tactics. Posted on another board.
More and more investors are winning the game nowadays despite all bashers that float through the Internet that has become part of the game. Floor traders of market makers often watch CNBC, news wires and bulletin boards in order to follow the market during trading session. OTC BB market makers (MMs) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest niche charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price.
MMs follow a simple code of business when making a market in a stock especially an OTC BB / PS. That is the level that stocks will seek that yields the most volume. Now this is very important because they make money on the volume buying at the bid and selling at the ask. In other words, by making the market they are buying low and selling high. Now smart money adheres to that rule, so do all the market makers. They could careless whether the stock is at $22 or at $0.0002. All they care about is the action thus being able to sell stock at the offer (The high) and buy stock at the bid (The low). To increase their profitability, they make the spread as great as possible on as many shares as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not the price that's going to yield the most volume. They need both buy and sells to get the maximum action. Remember, MMs play the volume. If the volume decreases and there are mostly Buys that become a one way volume, Buy volume. So what they do is let the stock run up to a price where it runs out of steam. They fill all the buy orders there that they can and then comes the pullback one way or another naturally or induced. During the pull back they can buy tons of shares and flip them to those averaging down or trying to catch the bounce. At some price, the stock will be relatively stable and yield the most volume. Now that is the average price you will see
The average price is the point where a stock seeks a level where MMs can profit on the most volume. So during the day that is the price that MMs and momentum/day traders want to see the stock at. Why? Because they know the public and dumb money was chasing the price thing up. Most of the time, the MMs love a flurry of Market Orders which is a dead sign of an artificial run or momentum. Merely it is money in the bank for them. Most get hung in a momentum or day trade or by the tactics of Market makers, who are in the business to screw the public every chance they get. They are merely making the market liquid is their reasoning.
The market makers have created an added complication to the OTCBB's /PS chaos of the already volatile intra-day price movements created by dumb money, momentum and day-traders. MMs can not relate to long-term holders in the OTC BB / PS. That makes absolutely no sense what so ever. They feel a large percentage of trades in the OTC BB / PS market consist of short-term or day-trades, MMs merely view the barrage of buy and sell orders as relatively neutral to the market. How they figure it is when the average dumb money buys shares in a company, the MMs feel or rather know with some certainty it is very likely that dumb money will want to sell back those shares relatively quick on the slightest drop.
Now somewhat comfortable with this logic the MMs merely short sells into the buying and attempts to take the stock down in an effort to "shake out" the weak. Since it is tough to know for sure whether a move is the beginning of a trend, or a routine shake out, this type of deception works quite well for the MMs. What the long-termers do to a stock is surprise the MMs because instead of falling, the shorting has no effect and the price goes up. Now that puts the MM at selling low through shorting and thus having to buy high in order to cover.
Boy, when this happens, the MMs are not very happy campers. The investors and traders aren't supposed to be doing that to them. Now it becomes time to pull out every trick and tactic in the book in order to attempt to get a Bear Raid at every dollar/cent mark or percent from where the stock started. Could be a fraction of a penny in smaller priced securities. What MMs do is give you a chance to make a small amount of money for your momentum and day trading style by shorting it at these levels and trying to get a bear raid each time. Each failure is compounding the MMs short position so they let it go to the next level. Now come more deliberate tactics MMs use to coerce Bear Raid or panic selling.
Once the MM is caught short and the strength of the buy is overpowering the MM will want to cover his short position. So the MMs call up one of his friendly MMs and says some like "the weather is sure rough today." The MM along with the other "friendly MM initiates a down tick about the same time. Now this can also be done with a certain amount of shares such as an infamous 100 shares flag. This down tick gives the illusion of weakness designed to hopefully begin the bear raid of selling. The fickle, fearful, day trader, momentum and short term begin to sell out allowing the MM to cover his short position at lower prices. They will move it down quickly to get it to a price of least financial damage. Problem they have is long-term investors in the OTC BB / PS. They start accumulating and buying comes flying in when they take it too far thus the MMs took it to the point of volume again and not only investors the other MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes various tactics like stalling, boxing, or even locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of collusion designed to fix quotes or spreads.
MMs have a vast resource of tactics and it would take probably more than a lifetime to figure them all out.
So how do investors somehow manage to overcome the obvious deception in OTCBB arena? One answer is indirection trading style by going long which the MMs do not expect. In the war between investors and public companies on the OTC BB / PS vs the MMs, if the MMs have all the advantages due to position or other factors, direct confrontation such as momentum or day trading hitting the stock is a definite death sentence.
However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper.
The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders. Since they are OTC BB MMs who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company. Furthermore, MMs know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs.
This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin.
This requires extensive research to find such a rare stock, but once you have found it, you are one up on the MMs so be prepared for every tactic in the book.
Have we found that company? ;-) By Bax
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon.
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very nice Informative post. Lotta people dont know about the MM's and tactics. I knew very little about it, and now I feel much more educated. Thx Rasica
-------------------- May The Force be us!!
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Gordo............made a lucid pps prediction of .05-.08 by Memorial Day!
Currently they have 1M subs, at $5/mo thats $60M/yr. If they only make 25% profit from that after paying the carriers, fees, taxes, employees, etc..., thats $15M/yr Profit, of which BKMP gets 20%, or $3M/yr. Divide that over the 2.5B shares, and you have earnings of .0012 currently. To be extremely cautious, I will only use a P/E of say, 10, and that should make their current PPS .012.
The key is the carriers in the US. I think they can easily ad 4-6M subs by May in the U.S, remember Fox Soccer Channel alone has 20M subscribers in the U.S, and they launched January 7 2004, and are competing against GolTV, as well as ESPNDeportes who compose another 17M subscribers. Furthermore, you cant discount those numbers as being the "Latino Factor", because the big matches from South America, as well as Italy, are televised on UGN, RAI, and Telemundo. These are mostly die-hard fans, who are willing to shell out money to see the international games, just like NFL network, but with a slight handycap since its harder to find the smaller matches televised. (links for the FSC #s are in a link below)
On New Years eve, when the majority of the target Demographi, including myself 18-35 year old males were out getting hammered, both UFC and TNA wrestling had a .8 Nielsen rating for their time slots. Thats a total of 1,763,200 viewers on NEW YEARS, while the Times Square Ball drop had 20M viewers. (A single ratings point represents 1%, or 1102000 households for the 2005-06 season, talk about HOT CONTENT...) Heres one of the sources for the numbers, there are more out there but this was easy to find. http://www.wrestleview.com/news2005/1136523210.shtml
When the Fight Network comes to the U.S, if it can gain only 4M subscribers, then these numbers will be 5x higher!! (1+4=5, 1x5=5, and .012 x 5= .06) And now for the even better news. . . . the 20% ownership of The Fight Network is the maximum allowable under Canadian law. Now that they are incorporated in Wyoming, and have opened a NY office that will serve as the U.S counterpart to their Toronto HQ (remember, 50% of the Fortune 500 are incorporated in Delaware, but less than .1% have any physical offices there, incorporation is on paper) BKMP will undoubtedly have a greater stake in TFN, with Garrow being brought in with Winnick as the big owners. If BKMP was just some scam company that bought a chunk of this network, Garrows would never tarnish his name by bringing him on board, and stating that they will be working to make their partnership even closer. (If Gordon Gekko bought out your company, and you knew he was gonna be run to the ground, wouldnt you want to distance yourself as much as possible from his name) On top of ALL this, is the HUGE ammount of advertising revenue that this channel will bring in. They already have Xyience on their website, but just imagine the potential revenue for a Network that will be catering right to the 18-35 yo demographic??? Do your own DD, and come to your own conclusions, but I have tried to provide as much info as possible if you have questions.
thefightnetwork.com
bkmp.net
"Fox Soccer Channel is .....one of the major operating units within the Fox Entertainment Group (NYSE: FOX) and News Corporation (NYSE: NWS). Distributed as a cable and satellite service, FSC boasts more than 20 million subscribers....launched as Fox Soccer Channel in February 2005. heres the soccer numbers: http://www.ussoccerfoundation.org/site/c.gpLPJQOpHkE/b.998643/k.6A4E/062705A.htm GordonGekko
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon.
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you are not kidding brad. i had the chance to buy RSHN at 0012 and now i am really kicking myself that i didnt. Hopefully this one will make it up
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i BOUGHT 1M SHARES OF RSHN AT .0009, THEN SOLD AT .0014, yeah great I made 500 bucks minus commission but am I kicking myself now. live and learn.
-------------------- If ignorance is bliss, why aren't more people happy?
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quote:Originally posted by cottonjim: i BOUGHT 1M SHARES OF RSHN AT .0009, THEN SOLD AT .0014, yeah great I made 500 bucks minus commission but am I kicking myself now. live and learn.
You will never go broke taking profit! Congrats to you.
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boy those MMs must have a WHOLE lot of shorts to cover. didn't you originally say 0.0005-0.0006, rasica? when the price was 0.0009ish and drifting and everyone was wondering why.
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quote:Originally posted by jigen3..kilerb: boy those MMs must have a WHOLE lot of shorts to cover. didn't you originally say 0.0005-0.0006, rasica? when the price was 0.0009ish and drifting and everyone was wondering why.
If the MMs fabricated shares at .0005, they at least need to cover with real shares at .0005 again to cover their NSS. Now, if they walk it down to .0003-.0004 and cover...they make more money. See the high motivation to manipulate people's money by the MMs?
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon.
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quote:Originally posted by jigen3..kilerb: boy those MMs must have a WHOLE lot of shorts to cover. didn't you originally say 0.0005-0.0006, rasica? when the price was 0.0009ish and drifting and everyone was wondering why.
If the MMs fabricated shares at .0005, they at least need to cover with real shares at .0005 again to cover their NSS. Now, if they walk it down to .0003-.0004 and cover...they make more money. See the high motivation to manipulate people's money by the MMs?
so since it's going down even more it's reasonable to assume the MMs are taking it down to 0.0001. otherwise they would have already taken advantage of the 2-3 week window it's been drifting at 0.0003.
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Got in on RSHN at .0013 while waiting on BKMP. Started to sell yesterday but read about the industry trade show they are in that starts today thur Sunday, I think. News to come out next week about how the Rush energy drinks were received.
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I bought BKMP the same day I bought RSHN and haven't sold any of either.
Bought RSHN for .0013 and bought BKMP for .0007
At least one of them is digging me out of a hole. LOL I'm still holding BKMP though. It will have it's day. I don't know if it will be like RSHN (we can hope), but it will have one.
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I bought BKMP at .0006, .0005, .0004. Total 7 million. It keeps going down, not up. If it goes to .0002 or lower. The MM's will not let it out of the toilet then. It will be the death of this stock.
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Yes racjis. My ETrade account finally showed my SNYY value this morning. Numbers changed where symbol should be. AMSN symbol to come later. Port value increased a few hundred thousand.
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WallStreetGrapevine.com: "Stocks on the Rise"
Mar 23, 2006 (M2 PRESSWIRE via COMTEX) -- Wall Street, NYC-Today, wallstreetgrapevine.com, named; Pinnacle Group Unlimited Inc. (Pink Sheets: PGPU), China Wireless Communications Inc. (OTC BB: CWLC), and Blackout Media Corp. (Pink Sheets: BKMP); their "Stocks on the Rise."
Blackout Media Corp. Announces Fight Network Ready to Roll...on Source Cable
Blackout Media Corp's The Fight Network(TM) is pleased to announce that Canadian Cable Systems Alliance Inc. (CCSA) member Source Cable Ltd. has added Fight Network to its channel line up.
Available on channel 149, The Fight Network is the first and only all combatant sports and entertainment channel that delivers the very best in boxing, wrestling, mixed martial arts, and other combatant styles along with top-notch "fight theme" movies, documentaries, and news 24 hours a day. Pride FC, K-1, TNA Wrestling (Xplosion), Ring of Honor, Showtime Boxing: Shobox, and TKO are just a few of the network's programming highlights.
"We are pleased to be welcoming Source Cable onboard to deliver our service to their subscriber base," said Mike Garrow President of Fight Network. "Hamilton has a long and storied history in the fight game, producing numerous boxers, wrestlers and in ring personalities over the years. We are confident that Fight Network will connect with audiences in this region and who knows maybe even inspire a future champion one day," he added.
For a complete list of programming and the latest news from the fight world, please visit www.thefightnetwork.com.
About Source Cable Limited:
Source Cable Limited is a privately owned cable company located in Hamilton, Ontario. Our service area encompasses Hamilton Mountain and the township of Glanbrook. Source Cable Limited is one of only two cable providers in Canada providing a full 860 MHz of bandwidth throughout its entire system. This, combined with our fiber optic technology, has allowed Source to achieve its goal of becoming the first cable operator in Canada to offer our entire video lineup in digital format. We have also introduced High Definition television, and offer incredible speeds with our High Speed Internet service. Established in 1974, Source was previously known as Southmount Cable Limited.
About The Fight Network:
The Fight Network is a cross-platform media company with brand interest in television, radio and web. All three of these media offerings are seamlessly integrated to offer fans of combatant sports and related entertainment a true convergence experience. The Fight Network Inc. corporate headquarters is located in Toronto, Canada. Additional information on the company can be found at www.thefightnetwork.com.
About Blackout Media Corp.:
Blackout Media Corp. is a holding company with an interest in Blackout Communications who is a diversified media and entertainment company conducting operations in digital television, VOD, PPV, radio the Internet and print under the brand name "The Fight Network." The activities of Blackout Media Corp. are conducted principally in Canada and the United States.
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