posted
Obviously, they dumped a load on the market today. Take a look at their share structure as reported on their website:
Outstanding Shares 2,964,540,078 Affiliated Restricted 2,029,684,656 The Public Float 934,855,422
This stock is now crap.
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
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posted
Here's the contact information in case any one wants to try to get some more information. Please post what you find out here. I will do likewise.
TRANSFER AGENT American Registration & Transfer Agency Salt Lake City, Utah
COMPANY CONTACT Mark Astrom, President & CEO Phone: 407.346.6771 Fax: 407.843.5997
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
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posted
The Public Float 934,855,422 - That is way less than USXP and RSHN. Look what has happened with them. The stock has plenty of room to run to .01. Posts: 1638 | From: Up North | Registered: Jan 2006
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-------------------- THE DEVIL HIDES IN THE DETAILS (DD) DO YOUR DD BOOOYAH :) Posts: 345 | From: central florida | Registered: Oct 2005
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posted
Logical Buyer - Maybe I'm missing out on something here, but if the public float is only 900 Million shares, how did this thing trade 2.25 BILLION shares today? That's more than twice the public float.
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
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posted
Those numbers are what they last released in Dec. SEC will step in, if they were dumping shares without advising their share holders. Many companies are being burned with this practice.
Posts: 1638 | From: Up North | Registered: Jan 2006
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posted
Well, the guy says to call with questions, so maybe we should. As far as the shares are concerned, they're pink , there are no rules. They can print shares until they run out of ink and there's nothing in play to stop them. The stock is .0002 for a reason and with that comes that risk....onto our beloved CEO:
Hi, my name is Mark Astrom and I am President of New Screen Television. I wanted to use this forum in order to articulate how my station could be an incredible venue and provide unparalleled exposure for your films. If you read my message I know you will agree with me that New Screen TV is - and will continue to be - an invaluable venue for filmmakers.
At New Screen TV, we are firmly committed to showing and promoting independent and creative films 24 hours a day, 365 days a year. Whether you are showcasing your first work, or you are a veteran with a veritable portfolio of films, you need to build a base of support and an audience for each individual film. In order to build a following, and to give your film the proper chance it needs to succeed, a few screenings at a local theatre might not be enough. New Screen offers you the ability to see if your film resonates with a large audience and to reach out to people that might never have otherwise seen your film. This translates into exposure and the potential for a following, fans, investors and DVD sales.
You may have never heard of New Screen Television. We have been quietly plugging away at the creation of this enterprise in our hometown of Orlando , Florida . We operate and broadcast via WRCF-TV Channel 29, but we are negotiating now for much greater distribution. This means future distribution via cable or satellite, which leads to greater audience size.
We are currently in the midst of our annual call for entries, and I wanted to extend a personal invitation to IDA members to submit their work. One of the great attributes of New Screen TV is that we have the ability to bring past films back to life. As stated before, up till this time many films haven't had enough opportunities to find their audience, and New Screen TV offers films a new lease on life. Your work may no longer be eligible for film festivals, but it is eligible for New Screen Television. The deadline for our call is August 1st.
This is an exciting time and we know this opportunity will generate questions. Please feel free to contact us by either email or phone. We will look forward to working with you.
Sincerely,
Mark Astrom President and Founder New Screen Television www.newscreen.tv
-------------------- I may be wrong, but I don't think so.... Posts: 837 | From: Madison, WI | Registered: Sep 2005
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posted
If they did indeed dump shares on the market without informing the shareholders, do we as shareholders have any recourse through the SEC?
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
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posted
Yes, it is happening on a weekly basis. SEC is cracking down. Shares have to go through the transfer agent. They have an obligation to control dumping.
Posts: 1638 | From: Up North | Registered: Jan 2006
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posted
Many companies on the pinks are being investigated.
Hell, some companies are even using the SEC to bust naked shorters on the pinks. USXP won a huge settlement over 300 million dollars against MM's shorting their stock. They are still fighting to collect their settlement money.
Posts: 1638 | From: Up North | Registered: Jan 2006
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posted
Logical, here's a post from Red Bull (not the boards real name):
"up to date share structure per the tranfer again 1 min ago 20 bil authorized 8.85 issued and outstanding in dec it was like 2 bil out i think or something like that, what a bunch of scumbags lol"
Sounds like 6 billion has just got unloaded on the market. Who needs a reverse split when a company dilutes the stock like this?
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
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posted
I think we are being overly nice in regards to this stock compared to some other boards. Its now a known fact: The company dumped MORE THAN 7 BILLION shares on the market today.
Hello, SEC?
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
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posted
They must be gearing up for another great Friday PR about how they added another affiliate. Nothing like being able to print your own money, and I thought counterfitting was illegal in this country.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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posted
Well, now we know how they were going to post all of that profit. Grrr... I'm afraid we've been taken. I'll be lucky to .0003 back out of this again. Probably will have to sell for a loss.
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
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posted
Hey Cottonjim - would you throw me a life jacket or better yet a rubber raft?
Maybe we could float back to shore drinking some RSHN cola :-).
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
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posted
Might be no reverse split, but there was a "reverse buyback"...
Not familiar with the term you say? Its where the company says they will buy back share of stock and then a few months later reverse that decision and dump more shares on the market.
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
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posted
I can say with some degree of certainty that you won't see that volume again for a long, long time.
Indytrader
-------------------- The views and opinions expressed here are solely those of Indytrader. Make your own decisions based on what's right for you and your money. Posts: 323 | From: Indianapolis, Indiana | Registered: Feb 2006
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posted
Frustrating as hell to see the price sitting where it is and not moving, but I still believe this company has great potential. They have a good product, a solid plan, andhave already closed a number of significant deals with major cable TV distributors (reminds me of RSHN in some respects and look how that is finally doing). All it's going to take now is the revenue to start coming in and we'll be flying. I for one have no plans to sell for at least a year to see how far they can go with getting there channels placed on as many networks as possible. Let the bottom feeders get there 2 bagger, this one has a lot more potential than that. All IMHO. GLTA involved.
Posts: 170 | Registered: Jul 2005
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posted
News of solid substantial revenues will certainly bring them in. This is the one that people will look at next year and kick themselves in the azz for not getting in at these prices when it's been staring them in the face for weeks. For once I'm in from the start and won't be chasing this one up like many others will. All IMO. Do your own DD and tell me if/why I'm wrong. If nonsense stations like the Golf Channel, Speed Network, BET, Home and Garden, etc. can make it, then this one is going to be up there with the major cable channels one day. This is the type of programming that is missing from most networks and I think it has a real niche with a hugh pool of potential viewers/ subscribers. Time will certainly tell, but there will be no going back to 0.0002 prices ever once this thing takes off. All IMHO of course. GLTA.
Posts: 170 | Registered: Jul 2005
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posted
Back to 0.0001? This is laughable. I wish I had more cash to buy now. What the F are the MMs doing with this stock? F them anyway. They can buy mine back in year for $1 a share. IMO.
Posts: 170 | Registered: Jul 2005
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posted
Buy now, this will kill this stock to close at .0001. MM's will keep it down here. They are the only ones that can sell below .0001.
Posts: 1638 | From: Up North | Registered: Jan 2006
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posted
How did it tick down to .0001, with volume over 837 million. Naked shorters that is how.
Posts: 1638 | From: Up North | Registered: Jan 2006
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posted
Tomorrow should start a very instresting week for this stock. No reverse split, tons of possibilities AND they start generating income on the 1st of the month. Five more shopping days left boys and girls.
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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posted
This is even more of a reason it should not be sinking to .0001/.0002. Watch the MM's tricks. They may want cheap shares ahead of April 1st. Posts: 1638 | From: Up North | Registered: Jan 2006
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quote:Originally posted by logical buyer: This is even more of a reason it should not be sinking to .0001/.0002. Watch the MM's tricks. They may want cheap shares ahead of April 1st.
Good call, they want all they can get before it goes on line. Excelent buy in point!
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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posted
Another contract -------------------------------------------------
Eagle Broadband Signs VOD With New Screen TV(TM) - To Generate Additional $800,000 Monthly Business Wire - March 27, 2006 09:00
OCALA, Fla., Mar 27, 2006 (BUSINESS WIRE) -- Vision Works Media Group, Inc. (Pink Sheets:VWKM) and wholly owned subsidiary New Screen TV, Inc., the new independent film-dedicated TV channel, have announced a signed agreement with Eagle Broadband for distribution of the New Screen Films on Demand Channel by Eagle Broadband in Texas, Nevada and California. Today's contract is in addition to last week's announcement that Eagle Broadband will be delivering the New Screen TV Channel to their entire subscriber base.
"Each VOD market can provide $800,000 in monthly revenue to Vision Works Media Group, based on existing industry trends in the cable, satellite, and fiber-to-the-home markets. Video on demand is a billion dollar a year industry and Vision Works Media Group is now part of it. New Screen Films on Demand will now be available to both Optical Entertainment Network and Eagle Broadband," said Mark Astrom, New Screen TV's President.
Company reiterates to its shareholders: "company policy is no reverse stock splits."
New Screen Television, Inc. is an Ocala, Florida-based broadcasting company that transmits its television service, New Screen TV, nationwide to viewers via the AMC-10 satellite (owned and operated by SES Americom). New Screen TV is available 24 hours a day, 365 days a year.
his press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: Vision Works Media Group, Inc.
Vision Works Media Group, Inc., Ocala Naseem Shah, 407-346-6717 Fax 407-843-5997 http://www.vswm.com
Copyright Business Wire 2006
Posts: 297 | From: Dallas | Registered: Feb 2006
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