posted
Lets hope this moves it from the .0002 - .0003 that it's been sitting at forever.
Posts: 60 | From: bergen county NJ | Registered: Jan 2006
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posted
Blackout Media Corp. Clarifies Convertible Debenture
TORONTO, May 26, 2006 (MARKET WIRE via COMTEX) -- 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.
Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Yeah, for me this was the pistol shot, to get in.
UK/US deal in the near term, and now dilution-stop. So what could be wrong with this? Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
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posted
J_U_ICE: If you ask the volume, it seems that everyone is buying a sh*tload of this. lol
Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
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If they would give us some UK/US deal PR on tuesday or anytime in the near, we'll probably have one more reason to swing our hips everytime we hear the trailer-sound of TFN! Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
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quote:Originally posted by Black0r: J_U_ICE: If you ask the volume, it seems that everyone is buying a sh*tload of this. lol
VERY TRUE
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
I don't have the exact sells, but seems 4 is printing quite hard, so I wouldn't rule it out that we see 5. Especially in respect to the foreseable US/UK deal, everyone waits for.
Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- i wish one day i would be rich but the wish is all in your hand!! Posts: 239 | From: New Jersy | Registered: Mar 2006
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quote:Originally posted by xnycen: what's curent o/s..
Shares Outstanding: 2.53B Float: 1,600,000,000 as of 2005-10-26
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
maybe we'll se more of a move after lunch. What does everyone think?
Posts: 798 | From: Malverne, NY, United States | Registered: Jan 2004
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posted
Started to sell 10mil * .0004 then I slapped myself and canceled the order. I'll be darned if I sell so cheat after waiting so long on this thing.
Fishfarmer, I have ETrade Pro which is free if you make 30 or more trades a quarter or have $50000 in your account. That's about 2 1/2 trades a week. You get all your tools with it. I can't trade without my L2s.
Posts: 288 | From: South Florida | Registered: Oct 2005
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posted
The 5s are printing hard, everything seems possible. I wonder if there's more to the volume and PPS increase than just the combination of "Convertible Debenture"-PR and foreseeable US/UK deals. But maybe this alone is driving this.
Oh I really can't await some real PR then! Posts: 399 | From: Dubai | UAE | Registered: Sep 2005
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