posted
Blackout Media Corp. Buy Back Tops 600,000,000 May 30, 2006 1:43:00 PM
TORONTO -- (MARKET WIRE) -- 05/30/06 -- Blackout Media Corp (PINKSHEETS: BKMP) is pleased to inform its shareholders that it has purchased another 65,000,000 shares as part of the stock buy back program, this in addition to the 543,000,000 shares that were already purchased by the company, bringing the total share purchased pursuant to the share buy back plan to 608,000,000.
"With the recent developments of the company the share buy back has helped support the overall corporate strategy of the company and we will continue to support the company and work to create shareholder value for all those shareholders that have supported us," stated Sandy Winick, President of Blackout
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Okay, some well news, but we're still in the dark what's really up with the US-subscription website. I really had hoped for some PR on this.
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I would like to see a PR stating that they are going to retire the shares that they have bought. I, and others in my circle, are woried that they are just going to dump them back on the market when the PPS goes up. I hope I am wrong as I see great value here. I have held for a long time and will continue to do.
-------------------- If ignorance is bliss, why aren't more people happy?
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We will continue to purchase shares at these levels and add to the corporate holdings of the company," stated Sandy Winick, President of Blackout. "Based on the numbers and market conditions we might even increase the share buy back program past the one (1) billion shares already committed for," he added. "A decision on that will be made in next few weeks."
TORONTO--(MARKET WIRE)--Apr 27, 2006 -- Blackout Media Corp (Other OTC:BKMP.PK - News) is pleased to inform its shareholders that in accordance to the action by the Board of Directors announced in December of 2005 that it has commenced the purchase of shares in the open market. ADVERTISEMENT
"We feel that market conditions are such that buying shares out of the market to retire is a prudent use of corporate funds," stated Sandy Winick, President of Blackout. "The future for the company looks very bright and our involvement with Blackout Communications and The Fight Network continues to strengthen and move forward, we are confident that this will only enhance the company's overall share value
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Thank you for your interest in THE FIGHT NETWORK.
Welcome to The Fight Network: North America's First and Only 24-hour specialty television channel dedicated to giving fight fans what they have been waiting for! A front row seat for all the hard-hitting action, news and entertainment from around the fight world, seven days a week, 52 weeks a year!
To see if The Fight Network is available through your US cable or satellite provider, just follow the instructions below and GET IT ON!!.
Please identify your cable or satellite provider:
Choose cable subscriber Choose One Adelphia Bright House Bresnan Cable One Cablevision Charter Cebridge Comcast Cox Insight Mediacom RCN Time Warner Other Choose satellite provider Choose One DIRECTV DISH Network Other
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ALL -Do this here also : ) IHUB people are now doing this
Thanks
Posted by: Foolish Genius In reply to: mary777 who wrote msg# 74175 Date:5/30/2006 2:30:09 PM Post #of 74197
Sell at .01 or higher, everyone place a sell order.
Whether it works or not, it sends a strong message to the MM's where we all stand and are refusing to give up our shares unil we see at least .01 or higher.
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if the people that held the ConvertDeb loan shares were floating them at .0002, doesnt that mean that they thought they would make more money off of the increase in pps on their shares than if they held them and collected their interest?
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Blackout Media Corp. Buy Back Tops 600,000,000 Tuesday May 30, 1:43 pm ET
TORONTO--(MARKET WIRE)--May 30, 2006 -- Blackout Media Corp (Other OTC:BKMP.PK - News) is pleased to inform its shareholders that it has purchased another 65,000,000 shares as part of the stock buy back program, this in addition to the 543,000,000 shares that were already purchased by the company, bringing the total share purchased pursuant to the share buy back plan to 608,000,000. ADVERTISEMENT
"With the recent developments of the company the share buy back has helped support the overall corporate strategy of the company and we will continue to support the company and work to create shareholder value for all those shareholders that have supported us," stated Sandy Winick, President of Blackout.
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.
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.
Member Rated: posted May 30, 2006 15:21 -------------------------------------------------------------------------------- Wtf are you talking about, there is still 40 mins left
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betting babe: I'm not sure if I fully understand your concern, but I also questioned myself, what the real implications of the debenture deal could be. Would be nice of someone could explain a little more what this deal means.
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I don't think we know enough details about the deal itself to judge, Black? But, weighing it at face value it appears to be good.
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Blackout Media Corp. (PINKSHEETS: BKMP) is pleased to inform its shareholders that it has worked out an arrangement with the holders of the convertible debenture that there will be NO more conversions of the debenture to common stock for the next 18 months, in addition to the moratorium on the conversion the company at its option can repay the debenture at any time during the next 18 months without any penalties or bonuses of common stock and the final terms of the negotiation was the debenture can be converted, at the option of the debenture holders, into a long-term loan to the company payable in five years with a 10% interest rate on the loan.
"We are very pleased that we could work out these very favorable terms on the convertible debenture and that this stops the dilution of the common stock. Now we can focus on the business and building shareholder value for the long term," stated Sandy Winick, President of Blackout. "We are optimistic that we will be able during the next 18 months to either retire the debenture or have the holders convert the debenture into a long-term loan," he added.
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