posted
Blackout Media Corp. Clarifies Preferred Share Dividend Thursday September 7, 9:00 am ET
TORONTO--(MARKET WIRE)--Sep 7, 2006 -- Blackout Media Corp. (Other OTC:BKMP.PK - News), on September 1st, announced that the Board of Directors has declared a stock dividend, payable to shareholders of record of September 15th, 2005. The dividend will consist of ten thousand (10,000) free preferred shares of Blackout Media Corp. for every one (1) shares of BKMP held on September 15th, 2005. ADVERTISEMENT
Many shareholders are confused about this dividend; the following answers should help clarify the dividend:
1. Yes, the press release is correct: for every one common share of BKMP you will receive 10,000 preferred shares as long as you are a shareholder of record on the 15th of September.
2. For example, if you own 1,000,000 shares on the ex-dividend date you would get 10,000,000,000 preferred shares.
3. The preferred shares will have there own CUSIP number and trade separately under their own symbol as preferred shares -- different from the common shares.
4. NO, this is not an option; this is an outright grant to all shareholders. You have to do nothing, they will appear in your account a few weeks to a month after the 15th. I can't tell when they will appear; that is up the DTCC in New York and your brokerage firm.
5. The value of the shares is whatever the market assigns to the shares, it is a free market and they will assign a fair value to them. I can't tell you what it will be; that is not up to me.
6. A preferred shares is a non-voting stock that is similar to a debt instrument.
7. If you are a shareholder now you have common shares.
8. The preferred shares will be free trading shares.
9. A new symbol will be assigned by the NASD some time in the future; again I can't tell you when but we are anticipating some time this month.
10. The ex-dividend date will be set by the NASD, and as long as you own the common shares of BKMP on the ex-dividend date you will be a shareholder of record and you will be entitled to the dividend.
11. You will not be diluted by this dividend, because the preferred shares are non-convertible and non-voting; they do not affect the outstanding common shares of the company and as they will trade under a totally separate symbol your present common shares will continue to trade under the symbol of BKMP.
Posts: 6 | From: sauk centre | Registered: Aug 2006
| IP: Logged |
quote:Originally posted by golfman: As someone mentioned on the other board this stock here is much better if you want free shares. LLEG.PK
Low O/S and tiny float. As per company June 2006: 100,000,000 A/s 20,000,000 O/S slightly less than 3,000,000 Float
9 free shares for every one you own. only .04 cent stock.
thats a stock split , not like this at all , thee pps for lleg will be .0035 post split , this divi here will not affect the pps other than some dumping
-------------------- PREPARE TO BE BOARDED Posts: 742 | From: SOUTH CARRIBEAN | Registered: Mar 2006
| IP: Logged |
posted
Notice that the Bashturds vanish when positive news is posted.
I never answer their posts as they get paid for every post that answers them. If we ignore them they will go away.
IMHO
-------------------- "Reality is the leading cause of stress amongst those in touch with it." Posts: 58 | From: Canada | Registered: May 2006
| IP: Logged |
posted
I'm still here, though not a bashturd. That posting didn't answer anything we (can I say we?) didn't already know. I'm still in 2005 trying to catch up to what you guys already know about BKMP. Good luck.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
Okay, just 1 question Who owns Blackout Communications Inc.?
First Canadian American Holding Corporation Announces Plans for 2005 Business Wire, May 4, 2005 TORONTO -- First Canadian American Holding Corporation (Pink Sheets: FCDH) Chairman and CEO Sandy Winick has provided the following open letter to all shareholders and the investment community outlining the Company's business and plans for the rest of 2005 and into 2006. First Canadian American Holding Corporation through its investment in Blackout Communications Inc. and Terrablock JV Development Inc. is a incubator of up and coming explosive growth opportunities First Canadian is working to quickly becoming an opportunistic creator of value assets for its shareholders.
About Blackout Communications Inc.
Blackout Communications is a multi-dimensional media company that has interests in digital television, radio and publishing with plans to expand into digital radio, gaming, live events and sponsorship.
Presently Blackout Communications through its wholly owned subsidiary - The Fight Network Inc., Fight Network Radio Inc. and Blackout Publishing Inc. has started to assembly a core group of assets to exploit the world of combatant sports.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
Great news. NO DILUTION. The shares can't be converted to BKMP stock. This is purely a ploy to get the MMs to cover. The divi is pretty much worthless presently. If they decide to R/S the symbol at a future date, who knows what it will be worth. Something free is better than nothing... in this case.
Posts: 882 | From: CA | Registered: Jan 2006
| IP: Logged |
posted
You already knew that Max. My guess is they will need to do a RS and will probably do it the same time everyone is trying to convert the other symbol. Attention getter to the max. I'm just trying to find out who owns Blackout Communications Inc.?
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
I doubt this divy will even happen, the company has billions of shares O/S to give this divy at 10,000 for one they will need to issue TRILLIONS of shares! the DTCC may not allow it, how can they keep track of so many shares in one company. I look for this divy to be cancelled or scaled way back. JMO!
Posts: 2503 | From: connecticut | Registered: Mar 2005
| IP: Logged |
quote:Originally posted by BooDog: You already knew that Max. My guess is they will need to do a RS and will probably do it the same time everyone is trying to convert the other symbol. Attention getter to the max. I'm just trying to find out who owns Blackout Communications Inc.?
posted
just asked a question max. Should have been easy enough to find out without having to call. We'll see if I even get an answer.
[ September 07, 2006, 14:11: Message edited by: BooDog ]
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
quote:Originally posted by BooDog: Okay, just 1 question Who owns Blackout Communications Inc.?
lol, you would think after over a year and a half of allstock thread someone would have asked this question.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
Am I correct by saying you need to buy on or before the 11th in order for get the divi. Maybe the 12th.
Posts: 1178 | From: Mobile, AL | Registered: Aug 2005
| IP: Logged |
posted
Well reviewing the charts and the Level 2, this met my requirements for me to sell. I sold at the ask, as not to further kill the momo. I hope I am wrong, though for y'alls sake.
-------------------- 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. Posts: 1450 | From: TX | Registered: Feb 2006
| IP: Logged |
posted
Hey noah, too bad you didn't become a QBIT idiot instead of a BKMP idiot, Ha! That seems to be the play today, too bad I missed it too.glta!
Posts: 245 | From: Pittsburgh | Registered: Dec 2003
| IP: Logged |
posted
It's very confusing today. The Level 2 indicates that MMs intend to pull it down to 6, while there are a lot of small buys at 8 from the MMs. We will see what's up to the MMs tomorrow. MMs get a lot of tricks. I am glad that the MMs did not have enough gut to sell at 7 so far.
quote:Originally posted by andrew: Bashers = Idiots who bought high, got impatient and sold low. lol
What really amazes me, as I review over a years worth of thread for this is how you guys still gloat how good it is and say we are bashing. I asked a seemingly simple question. Could not locate the answer anywhere. None of these companies are registered with the BBB anywhere, not that that means anything....that was just a shot in the dark. I haven't been bashing IMO. Just trying to clear some things up to see where this is. No I don’t expect a blue chip profile to develop from this stock but to get answers that should be easy to get.
|||Oh... and BTW I own 0 shares, when I get my answers I will decide.|||
[ September 07, 2006, 20:27: Message edited by: BooDog ]
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
i think there are pumpers and bashers, and then there are pessimists and optimists. its the agressive posting/nature of those which makes the difference
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
| IP: Logged |
posted
so did you (or anyone) find an answer or just avoiding me?
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
