posted
Well I guess Sandy gave us our surprise. I wonder how it will turn out. Glad I kept my free shares, almost sold them this week. Hey jizzmaster, to da moon baby, ha! lol,glta
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posted
Amazing how fast people here turn on each other, start insulting etc... when something happens that may, or may not, affect the PPS on Tuesday. F'n settle down people, if your long in BKMP, good luck to you. THe PPS should inrease. If you flip BKMP, Good luck to you to, the PPS should increase next week, asses your best point for maximum profit. Pretty much everyone that is here is here to make money, why do you all feel the need to insult anyone that does not 100% agree with your idea of where this stock is going? It's all about the money, that's it, there are only a few people here that I like and that's only because of their posts that make me a profit, and the fact that they don't take part in these stupid little bashfests like what is going on here. Like I told my 8 year old tonight, "GROW UP, if you want to be a big boy act like one". Plain and simple, no one knows whats going to happen on tuesday and what the hell is the point of speculating about it and fighting about it, all you are going to do is alienate someone that, if you were nice, in a year or so might give you a tip that could make you money. Ironically enough, I'm going to alienate someone here, but know this, it's for your own good. Shut up and make money!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!
-------------------- If ignorance is bliss, why aren't more people happy?
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quote:Originally posted by kermit42: I believe what PAIM did was different--they took common shares from people's accounts and replaced them with preferred shares that could be converted at some future date when the company may or may not still exist (please correct me if I'm wrong there). Here, this is a gift from the company. It may give us nothing, but at least it costs us nothing.
Originally PAIM gave out preferred shares, something like 1000,000 to 1. Don't quote my ratio. Once that didn't work, they did the fake/"non-reverse split" deal where they took 90% of your shares and gave you something else (CD - I believe).
I was referrring to the original preferred shares they issued, not the 90% "non-reverse split".
Ok, this is how it went. I bought 2.6 million shares of PAIM X .0002. I then received 2.6 billion "preferred" shares. I then sold those 2.6 million common shares deciding not to be involved with the 90% buyback. I still have my 2.6 billion preferred shares that could be traded in for 260k PAIM shares now (10k to 1) or wait 5 years and receive (500 to 1) and get 5,260,000 shares at the then price.
So as you may see it is definitely a benifit when I originally paid 260 dollars then sold back my shares making nice profit walking away with "free" prefered shares.
Haven't decided when I'll cash them in yet but it'll be a plus in my account.
-------------------- I buy fast and sell faster!
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COMCAST is adding The Fight Network!!! Check this out....
I just got done chatting via live chat with Comcast and once I mentioned The Fight Network I could tell that they had prewritten responses by how fast it popped up after I submitted my question. I thought that was really interesting. However, the best part of the following conversation was the part that wasn't a prewritten response!!! CHECK IT OUT!!! YEEHA
Status: Analyst Cynthia.8434 is here and your issue status is: working
Topic: Cable TV/General Inquiry Cynthia.8434(Thu Jul 13 22:35:04 MDT 2006)>Thank you for chatting in to Comcast Chat Support. My name is Cynthia.8434. How may I assist you today?
Cynthia.8434(Thu Jul 13 22:35:06 MDT 2006)>With whom am I chatting today?
Adam(Thu Jul 13 20:35:17 MDT 2006)>Hi Cynthia, this is Adam.
Adam(Thu Jul 13 20:35:46 MDT 2006)>I was wondering if you guys have The Fight Network channel in your lineup anywhere or if there are plans to add the channel anytime.
Cynthia.8434(Thu Jul 13 22:35:46 MDT 2006)>How may I assist you today?
Cynthia.8434(Thu Jul 13 22:36:09 MDT 2006)>If you go to www.thefightnetwork.com there is an area to click on called "Subscribe Now". Once there you can enter the address and provider information. If it is available, you can order from the site. If not, it will provide a feedback email form that is sent to your local office to request it on your behalf. Once Comcast has added it to the lineup you will get a message on the cable box and in your bill.
Cynthia.8434(Thu Jul 13 22:36:22 MDT 2006)>When this chat ends you will have the option of printing and/or saving it. After this session ends, you should click `View Transcript`. The transcript icon should look like a paper with writing on it. Once there, you can email it to yourself or print the whole chat.
Cynthia.8434(Thu Jul 13 22:36:23 MDT 2006)>Is there anything else I can assist you with today? Or do you have any questions about the above instructions?
Cynthia.8434(Thu Jul 13 22:36:24 MDT 2006)>I apologize for any inconvenience this has caused you.
Adam(Thu Jul 13 20:37:20 MDT 2006)>So if I go the website and request to add it through there, then comcast gets the notification and will automatically add it for me?
Cynthia.8434(Thu Jul 13 22:38:12 MDT 2006)>When we add it.
Cynthia.8434(Thu Jul 13 22:38:32 MDT 2006)>We are in negotiations with them,
Cynthia.8434(Thu Jul 13 22:38:40 MDT 2006)>I wish I could assist you further with this issue.
Adam(Thu Jul 13 20:38:51 MDT 2006)>ahh i see. any idea how long that will be?
Cynthia.8434(Thu Jul 13 22:39:26 MDT 2006)>They haven't told us yet.
Cynthia.8434(Thu Jul 13 22:39:30 MDT 2006)>When this chat ends you will have the option of printing and/or saving it. After this session ends, you should click `View Transcript`. The transcript icon should look like a paper with writing on it. Once there, you can email it to yourself or print the whole chat.
Cynthia.8434(Thu Jul 13 22:39:31 MDT 2006)>Is there anything else I can assist you with today? Or do you have any questions about the above instructions?
Adam(Thu Jul 13 20:39:47 MDT 2006)>nope. you were very helpful. thank you
ADDITIONALLY- WWE Connection?? You Bet
Clothing from the States ________________________________________ People getting thier clothing that they ordered is being shipped from Stamford, CT. Is it only coincidence that the WWE headquarters is located in Stamford, CT?
________________________________________ Well this proves it!! I just noticed that TFN is now selling WWE apparel on their Website!! Something is surely brewing!! Here is link:
posted
First of all Duke, its squizzmaster. No where in the name does it say anything about jizz. And yes squizz and jizz are very different. If you wanna know the difference then Ill tell you when your older.
Next, congrats BKMP investors. This is what we have all be waiting for.
Cotton Jim. Hey bro you need to lay off with your crap filled memos. If you want a whaaaa burger and french cries then I will glady fix you up. Otherwise, get off your but come to OHIO and say it to Burn's face.
Finally, I got your back all Burns, Earls, and Squizz incorprated affiliates.
P.S.- Im thinking we are gonna see the opportunity to trade our preferred shares back for common shares which means double. Just a hunch, but what do I know.
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Blackout Media Corp. Declares Dividend Friday September 1, 4:00 pm ET
TORONTO--(MARKET WIRE)--Sep 1, 2006 -- Blackout Media Corp. (Other OTC:BKMP.PK - News) is pleased to announce that the Board of Directors has declared a preferred stock dividend, payable to shareholders of record of September 15th, 2006. The preferred stock dividend will consist of ten thousand (10,000) preferred shares of Blackout Media Corp. for every one (1) share of Blackout Media Corp. common shares held on September 15th, 2006. The ex-dividend date will be set by the NASDAQ. ADVERTISEMENT
The preferred shares when issued will be freely tradable and non-restricted.
The Company's Board of Directors characterizes this stock dividend as rewarding the shareholders of Blackout for their loyalty and dedication to the betterment of the company.
"As we more forward with The Fight Network and its related assets we wanted to thank the shareholders for their support and to give them something back," says 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.
Is not the key words in the PR the share holders of record. Is this so that on Sept 15th all issued shares be accounted for. Meaning any fake,(FTD),phanton shares have to be purchased by the MM'S and delivered to our, the share holders brokers? Not the preferred stock or it's price but to force the MM'S to purchase real shares and stop printing presses?
This is more of a reward for long term investors. Think of it this way. Company XYZ (think big corporation like Ford or IBM) not only has regular shares but they also have multiple preffered share classes. Class B, C, D,E, etc. Highly profitable companies pay quarterly dividends. I’ll use an example below. Lets say that the declared quarterly dividend of company XYZ is 10 cents a share.
Regular shareholders (Class A)would get 10 cents a share or nothing.
Class E might get 20 cents a share.
Class D would get 40 cents a share.
Class C would get 80 cents a share.
Class B would get $1.60 a share.
This assumes that the classes are cumulative, which most preferred offerings are.
In the case of BKMP it might work this:
Class B shares are the first dividend issued (This PR). Class C shares might be a dividend a year down the road. Do you see where I am going with this?
This PR benefits the shareholders of record of Sept. 15 who then HOLD their regular and preffered shares for a long time (many quarters).
Issueing preferred shares has a big tendency to dry up the float due to their very long term nature (and therefore increase in pps). The question we all need to ask ourselves is "Will this company stick around?" I say yes!
Preferred Stock. This says it all :-) A class of ownership in a corporation that has a higher claim on the assets and earnings than common stock. Preferred stock generally has a dividend that must be paid out before dividends to common stockholders and the shares usually do not have voting rights.
The precise details as to the structure of preferred stock is specific to each corporation. However, the best way to think of preferred stock is as a financial instrument that has characteristics of both debt (fixed dividends) and equity (potential appreciation). Also known as "preferred shares".
There are certainly pros and cons when looking at preferred shares. Preferred shareholders have priority over common stockholders on earnings and assets in the event of liquidation and they have a fixed dividend (paid before common stockholders), but investors must weigh these positives against the negatives, including giving up their voting rights and less potential for appreciation.
POISON PILL AS IT RELATES TO BUSINESS CONCEPTS- Business
In business, poison pills are often used to avoid takeover bids. These are attempts by a potential acquirer to obtain a controlling block of shares in a target company, and thereby gain control of the board and, through it, the company's management. There are several types of "poison pills" that can be planned by a company that thinks it may be the target of a takeover by a potential acquirer, but the conventional poison pill is now a shareholder rights plan. [edit]
Shareholder Rights Plans
The target issues rights to acquire a large number of new securities, usually common stock or preferred stock, to existing shareholders. These new rights usually allow holders (other than an acquirer) to convert the right into a large number of common shares if anyone acquires more than a set amount of the target's stock (typically 10-20%). This immediately dilutes the percentage of the target owned by the acquirer, and makes it more expensive to acquire control of the target. This form of poison pill is sometimes called a shareholder rights plan because it is intended to give management (and possibly shareholders) the right to approve an acquisition, potentially requiring the acquirer to pay a premium for control of the target. Because the board of directors of the company can redeem or otherwise eliminate a standard poison pill, it does not typically block or impede a proxy fight or other takeover not accompanied by an acquisition of a significant block of the company's stock. [edit]
Other tactics
"Poison pill" is also used more broadly to describe other types of takeover defenses that involve the target taking some action that harms both target and bidder:
* The target adds to its charter a provision which gives the current shareholders the right to sell their shares to the acquirer at an increased price (usually 100 % above recent average share price), if the acquirer's share of the company reaches a critical limit (usually one third). This kind of poison pill cannot stop a determined acquirer but ensures a high price for the company. * The target takes on large debts in an effort to make the debt load too high to be attractive - the acquirer would eventually have to pay the debts. * The company buys a number of smaller companies using a stock swap, diluting the value of the target's stock. * The target grants its employees stock options that immediately vest if the company is taken over. This is intended to give employees an incentive to continue working for the target company at least until a merger is completed instead of looking for a new job as soon as takeover discussions begin. However, with the release of the "golden handcuffs", many discontent employees may quit immediately after they've cashed in their stock options. This poison pill may create an exodus of talented employees. In many high-tech businesses, attrition of talented human resources often means an empty shell is left behind for the new owner. * Peoplesoft guaranteed its customers in June 2003 that if it were acquired within two years, presumably by its rival Oracle Corporation, and product support were reduced within four years, its customers would receive a refund of between two and five times the fees they had paid for their Peoplesoft software licenses. The hypothetical cost to Oracle was valued at as much as US$1.5 billion. The move was opposed by some Peoplesoft shareholders who believed the refund guarantee flagrantly opposed their interests as shareholders. Peoplesoft allowed the guarantee to expire in April 2004.
[edit]
History
The poison pill was invented by noted M&A lawyer Martin Lipton of Wachtell, Lipton, Rosen & Katz, in 1982[1], as a response to tender-based hostile takeovers. Poison pills became popular during the early 1980s, in response to the increasing trend of corporate raids by businessmen such as Carl Icahn. Although the legality of poison pills was unclear for some time, they were upheld as a valid instrument of Delaware corporate law by the Delaware Supreme Court in its November 1985 decision Moran v. Household International, Inc.
It was reported in 2001 that since 1997, for every company with a poison pill that successfully resisted a hostile takeover, there were 20 companies with poison pills that accepted takeover offers.[2] The trend since the early 2000s has been for shareholders to vote against poison pill authorization, since, despite the above statistic, poison pills are designed to resist takeovers, whereas from the point of view of a shareholder, takeovers can be financially rewarding. [edit]
Main types of business poison pill
* Preferred stock plan * Flipover rights plan * Ownership flip-in plan * Back-end rights plan * Voting plan
posted
All of you "BKMPers" keep posting the same crap. What is the point of posting the same crap on every page? We know what the news is, and we know all of the possibilities that could happen with the stock. Lets just wait until monday and see where it goes, and from there wait until the 15th. Nobody should have a mess in there pants yet. Its way 2 soon for that.
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quote:Originally posted by ALL-STAR: All of you "BKMPers" keep posting the same crap. What is the point of posting the same crap on every page? We know what the news is, and we know all of the possibilities that could happen with the stock. Lets just wait until monday and see where it goes, and from there wait until the 15th. Nobody should have a mess in there pants yet. Its way 2 soon for that.
I believe CashCow was reposting the PR than the explanation for others benefit. Get a life dude! Nice info Cash.
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posted
LOLOL.. This is essentially a forward split. The math might get a bit fuzzy because not all of the currently issued shares are owned.. so it won't be a tenthousand to one forward split. Anyway you look at it.. this is a bad thing. More friggen shares on the market.... ALOT more.
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spazz, try to calm yourself. Mommy will be done cutting the crusts off and you'll be smearing your PB&J all over your booster seat in no time.
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quote:Originally posted by ALL-STAR: All of you "BKMPers" keep posting the same crap. What is the point of posting the same crap on every page? We know what the news is, and we know all of the possibilities that could happen with the stock. Lets just wait until monday and see where it goes, and from there wait until the 15th. Nobody should have a mess in there pants yet. Its way 2 soon for that.
what is your problem? oh by the way the stock market is not open monday due to labor day.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.
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quote:Originally posted by Relentless.: LOLOL.. This is essentially a forward split. The math might get a bit fuzzy because not all of the currently issued shares are owned.. so it won't be a tenthousand to one forward split. Anyway you look at it.. this is a bad thing. More friggen shares on the market.... ALOT more.
Relentless, they are preferred shares. Here is a link to help you http://beginnersinvest.about.com NOT common shares, therefore, no impact on the current O/S. Yes, they will be freely tradable and non-restricted, but I'm sure they will be under their own symbol. When issued they should have an M, N, O, or P after the BKMP. For example BKMPM would be 4th class preferred shares of BKMP. You would not be able to trade the BKMPM at the same PPS as the BKMP shares. I’m sure a PR will come out to explain the math for you since it got “fuzzy”.
If you want to bash knock yourself out, but please use all the facts, not just the parts that help out your cause.
Newbies out there please educate your self and do not go by what others on any forumn have to say. Google search preferred shares vs. common shares. Here is a good link to learn about symbols http://en.wikipedia.org/wiki/Ticker_symbol
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
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Yes they are preferred shares.. thank you so much for your valuable insight. Are they or are they not more shares in this company? Are they freely tradable? They are? And they are. Ohhh.. Well I guess that is a bad thing then isn't it. Simple supply/demand laws apply here as always. The bigger the supply with less demand, means the price goes down. This is the easy stuff guys.. come on.
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Cow you got me. Due to force of habit i said monday. I am aware that the market opens on tuesday. What are you talking about what is my problem? I have no problem i am just stating that everyone is getting there panties soaked when we dont know for sure what is gonna happen with this news. Yes i understand that its good news and can get this stock on the right track, but that doesnt mean that it 100% for sure that it will. So before you go asking me what my problems are you should read a little more in depth what my posts say.
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posted
I have to agree with relentless on this one. This doesn't make any sense. Too many shares issued. It's going to be exactly like PAIM where people own billions of shares that are, for all intents and purposes, worthless. What's the motivation for doing this? This gives me great pause about the viability of this company. Sorry for raining on everyone's parade, but I just don't believe this is a good thing.
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posted
regardless of the discussion on why or how....this news is going to drive the PPS up in my opinion. from the .000s to the .00whatever range. if you bought in from .0002 to .0007 you are good to go next week. even if it only goes to .0014 which im 99% sure it will then you have profit! and thats what its all about...play the game men
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.
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Just because there were billions and billions of shares outstanding at one point with PAIM. Don't know whether that's the case or not now, though.
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More shares bad less shares good Doesn't really matter that the shares are preferred or common... class A, class B.. It's just more shares... which is dilution. The very dilution we were told on this board would never happen. These companies really do think penny traders are morons.. they think everyone will buy into their bs logic..
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im not sure about the dividend but that isnt what is important at the moment. what is going to happen on tuesday is a rise in PPS pretty dam fast. if you go look on other message boards for BKMP you will see the stir has begun. there is an increase in scare tactics and bashing to get weak hands to jump ship before the ship sails. people have been putting in GTC buy orders all weekend long so far ever since the PR came out after the market closed. With a wall of buyers lined up the PPS has no choice to go up. people will be chasing the ask all day long. in my opinion the newest orders in line that are trying to get in at .0007 will not be able to. BKMP closed at .0007 on friday and .0008 is so very close already. i think a lot of people on tuesday will come to their computers thinking their .0007 went through and find out it didnt with the PPS closing at maybe 20% higher than the open.
im in at .0006 luckily which i believe is a price you wont ever see again for this company. worry about the dividend later and focus on the charts, the price, and volume for BKMP's stock from now until the 15th of september. its going to become VERY interesting to say the least. if the company decides to throw ANOTHER news release out there its going to get pretty intesne.
now...it is rumored that a UK carrier announcement will come first. you can bet on a for sure U.S. deal if a UK one is announced soon. i believe once it gets aired in britain there will be many cable networks seeing a very smart investment in carrying the fight network. the revenues brought in from advertisers already through UFC and WWE is amazing, and the market it is sold to has been loyal.
also dont forget about fight mobile which is available on cingular, verizon, and sprint. apparently they saw the market and wanted a piece of the pie. do you have any idea how in depth the reps from those companies went into on the background of the fight network? must of had some good results.
now here is the BKMP chart link. i customized the chart to show how ready the ink.
check out the MACD line...already broken over the 0 line...we are good to go
watch the volume on tuesday fly sky high....
also if you get some spare time just go to finance.yahoo.com and enter in BKMP.PK
then use the link to expand all the news releases and you will see just how rapidly the fight network is growing.
right now this stock in my opinion has more going for it than any other at this price. there is a lot of garbage on the pinks, and dont be surprised to see a PR announcing BKMP moving to the OTCBB
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.
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They did the same thing with PAIM. At the time, I thought it would be dilution, but it doesn't work out that way. They put the preferred shares under a different symbol, completely separate from BKMP. It's a strategy to get the MMs to cover.
quote:Originally posted by Relentless.: More shares bad less shares good Doesn't really matter that the shares are preferred or common... class A, class B.. It's just more shares... which is dilution. The very dilution we were told on this board would never happen. These companies really do think penny traders are morons.. they think everyone will buy into their bs logic..
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Any bets on what stock is going to be the most popular on the internet this LOONNGG Weekend??
