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The Fight Network (TFN) is North America's first and only 24-hour television channel dedicated exclusively to boxing, wrestling, mixed martial arts, and other combatant styles along with top-notch "fight theme" movies, documentaries, and television series. It gives viewers an uninterrupted front row view of hard-hitting action, news and entertainment from around the fight world. The network is a cross-platform media company with brand interest in television, radio, broadband and wireless. TFN launched its Canadian service in September 2005, after being granted a Canadian Category 2 broadcast license to operate a twenty-four hour specialty channel in early 2004. For more information visit The Fight Network :: ALL FIGHTS ALL THE TIME :: Get it on!.
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Over fifteen mixed martial arts promotions call Fight Network home in our new line-up starting this fall, promotions such as Pride FC, K-1 Hero’s, King of The Cage, Mecca, UCC, TKO and more.
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On June 6, 2005 Sandy purchased $41,000.00 worth of shares at a price of $.0205. This 2,000,000 share purchase as stated by Sandy was to build confidence in the market place about the CEO and the stock itself.
Do you suppose that it is more probable than not, that Sandy would allow a reverse split before we reached $.0205 ?
Now take your answer at this point and see if you change or hold your decision.
Also take into consideration, that the CD holder has now converted over 8 Billion shares into the O/S. We are not sure if those converted shares are restricted or not...so for this question lets say they are not restricted. Do you suppose if you were the holder of the $2.2 Million dollar debenture/CD, that you would convert knowing that at any time Sandy could pull a reverse split on you? I wouldn't...I wouldn't convert unless I had a disclaimer to the effect that a no reverse split would take place until fully compensated.
Do you suppose now a reverse split is probable?
One more and hold on!
Sandy Winick towards the end of May secured a cessation of the debenture for 1 1/2 years...before numerous avenues could be exercised upon the balance of the debenture. One of those avenues is to continue converting the balance of the debenture.
Therefore a disclaimer seems like the only way a CD holder would go forward with a conversion option, especially when deciding to allow an 18 month cessation....eh?
I do not believe there would be a reverse split...it is counter first of all, to the buy back, to his January 2006 PR of not considering a reverse split, to CD conversion, and to his own $41,000.00 investment at $.0205.
Can it happen? Of course it can, is it probable? I personally do not think so and at least not before $.0205.
[ October 07, 2006, 16:41: Message edited by: Rasica ]
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon.
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Ras, What do you make of the Accum / Dist number of 25+ Billion. What exactly does that number represent. Is there any relation to O/S? Any thoughts?
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No viable news (or rumors) = no volume = no movement. You can forget reading the techs on this one. Volume moves BKMP. News and rumors create the volume that moves BKMP.
Right now, BKMP is getting near zero attention because there is near zero viable news or compelling rumors. Don't blame the MM's or the shorts. BKMP is its own worst enemy at the moment.
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In the immediate case such as BKMP, many many short players made good money on these time specific patterns (usually short term)....but as I also mentioned previously...one, if not watching the bigger picture would have missed the stocks that run similar to FMNJ who have a good working model and product...which as we all know basically precludes dramatic retraces that one can experience with stocks similar to QBID or CMKX which ran with approx 800+ Billion in the O/S with severe retrace.
Time specific patterns are usually 1-3 months and follow a set of criteria which in the end must be 'confirmed'. If this current Double Bottom Formation does not materialize..it can easily blend into another Cup/Handle and then also could blend into a Triple Bottom..................Charts as we know are one tool (a very good tool) as well are the fundamentals....one needs only to do the best DD one can and then invest or not invest into a particular stock...
To willfully deny the Potentiality of a Double Bottom Reversal Pattern could prove fatal to one's ultimate goals....This why it is prudent to watch and to stay ever vigilant......
For example: The criteria for the current potential Double Bottom are as follows:
Prior Trend: With any reversal pattern, there must be an existing trend to reverse. In the case of the double bottom, a significant downtrend of several months should be in place.
First Trough: The first trough should mark the lowest point of the current trend. As such, the first trough is fairly normal in appearance and the downtrend remains firmly in place.
Peak: After the first trough, an advance takes place that typically ranges from 10 to 20%. Volume on the advance from the first trough is usually inconsequential, but an increase could signal early accumulation. The high of the peak is sometimes rounded or drawn out a bit from the hesitation to go back down. This hesitation indicates that demand is increasing, but still not strong enough for a breakout.
Second Trough: The decline off the reaction high usually occurs with low volume and meets support from the previous low. Support from the previous low should be expected. Even after establishing support, only the possibility of a double bottom exists, it still needs to be confirmed. The time period between troughs can vary from a few weeks to many months, with the norm being 1-3 months. While exact troughs are preferable, there is some room to maneuver and usually a trough within 3% of the previous is considered valid. Advance from Trough: Volume is more important for the double bottom than the double top. There should clear evidence that volume and buying pressure are accelerating during the advance off of the second trough. An accelerated ascent, perhaps marked with a gap or two, also indicates a potential change in sentiment.
Resistance Break: Even after trading up to resistance, the double top and trend reversal are still not complete. Breaking resistance from the highest point between the troughs completes the double bottom. This too should occur with an increase in volume and/or an accelerated ascent. Resistance Turned Support: Broken resistance becomes potential support and there is sometimes a test of this newfound support level with the first correction. Such a test can offer a second chance to close a short position or initiate a long.
Price Target: The distance from the resistance breakout to trough lows can be added on top of the resistance break to estimate a target. This would imply that the bigger the formation is, the larger the potential advance.
quote:Originally posted by artfink: Ras, What do you make of the Accum / Dist number of 25+ Billion. What exactly does that number represent. Is there any relation to O/S? Any thoughts?
Art........that is flow in and out...the number does not represent the O/S of BKMP. It does suggest that BKMP has been extremely active. Its similar to a Traffic and Road Monitoring Equipment of traffic back & forth.
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BKMP Trading on Monday October 9, 2006..........
Note: October 9, 2006, is considered a business day for receiving customers' payments under Regulation T of the Federal Reserve Board. Transactions made on Monday, October 9, will be combined with transactions made on the previous business day, October 6, for settlement on October 12. Securities will not be quoted ex-dividend, and settlements, marks to the market, reclamations, and buy-ins and sell-outs, as provided in the Uniform Practice Code, will not be made and/or exercised on October 9.
Columbus Day 2006 The schedule of trade dates-settlement dates below reflects the observance by the financial community of Columbus Day, Monday, October 9, 2006. On this day, The NASDAQ Stock Market and the securities exchanges will be open for trading. However, it will not be a settlement date because many of the nation's banking institutions will be closed.
Trade Date Settlement Date Reg. T Date* Oct. 3 Oct. 6 Oct. 10 4 10 11 5 11 12 6 12 13 9 12 16 10 13 17
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon.
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not sure why i was deleted for saying.."ask relentless" he's the one that answered that question last time.. art, your question is answered 2-3 pages back..
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In the immediate case such as BKMP, many many short players made good money on these time specific patterns (usually short term)....but as I also mentioned previously...one, if not watching the bigger picture would have missed the stocks that run similar to FMNJ who have a good working model and product...which as we all know basically precludes dramatic retraces that one can experience with stocks similar to QBID or CMKX which ran with approx 800+ Billion in the O/S with severe retrace.
Time specific patterns are usually 1-3 months and follow a set of criteria which in the end must be 'confirmed'. If this current Double Bottom Formation does not materialize..it can easily blend into another Cup/Handle and then also could blend into a Triple Bottom..................Charts as we know are one tool (a very good tool) as well are the fundamentals....one needs only to do the best DD one can and then invest or not invest into a particular stock...
To willfully deny the Potentiality of a Double Bottom Reversal Pattern could prove fatal to one's ultimate goals....This why it is prudent to watch and to stay ever vigilant......
For example: The criteria for the current potential Double Bottom are as follows:
Prior Trend: With any reversal pattern, there must be an existing trend to reverse. In the case of the double bottom, a significant downtrend of several months should be in place.
First Trough: The first trough should mark the lowest point of the current trend. As such, the first trough is fairly normal in appearance and the downtrend remains firmly in place.
Peak: After the first trough, an advance takes place that typically ranges from 10 to 20%. Volume on the advance from the first trough is usually inconsequential, but an increase could signal early accumulation. The high of the peak is sometimes rounded or drawn out a bit from the hesitation to go back down. This hesitation indicates that demand is increasing, but still not strong enough for a breakout.
Second Trough: The decline off the reaction high usually occurs with low volume and meets support from the previous low. Support from the previous low should be expected. Even after establishing support, only the possibility of a double bottom exists, it still needs to be confirmed. The time period between troughs can vary from a few weeks to many months, with the norm being 1-3 months. While exact troughs are preferable, there is some room to maneuver and usually a trough within 3% of the previous is considered valid. Advance from Trough: Volume is more important for the double bottom than the double top. There should clear evidence that volume and buying pressure are accelerating during the advance off of the second trough. An accelerated ascent, perhaps marked with a gap or two, also indicates a potential change in sentiment.
Resistance Break: Even after trading up to resistance, the double top and trend reversal are still not complete. Breaking resistance from the highest point between the troughs completes the double bottom. This too should occur with an increase in volume and/or an accelerated ascent. Resistance Turned Support: Broken resistance becomes potential support and there is sometimes a test of this newfound support level with the first correction. Such a test can offer a second chance to close a short position or initiate a long.
Price Target: The distance from the resistance breakout to trough lows can be added on top of the resistance break to estimate a target. This would imply that the bigger the formation is, the larger the potential advance.
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from IHUB EXCELLENT NEW DD: October 8, 2006
TFN puts up a fight By TIM BAINES
Life can't get much better for Mike Garrow. What once was just a dream now is a reality that has consumed much of his time and passion for the past year.
With its eclectic collection of chokeholds, bodyslams and roundhouse rights, The Fight Network is packing plenty of punch in Canada. And Garrow, a 35-year-old Ottawa native living in Toronto, says it's only going to get bigger and better.
"For all intents and purposes, Canada is done, said Garrow, The Fight Network's president/COO and co-founder. "We got Bell Express Vu this week, with Shaw still to come.
"What I'm focused on now is the United States ... we've got three different opportunities we're looking at. I think you'll see The Fight Network in the U.S. in 2007 in some capacity. It'll be the first time a Canadian digital specialty channel goes to the U.S."
With the network's first anniversary just passing, Garrow says there's plenty of exciting changes on the way.
The Fight Zone, hosted by Mauro Ranallo, will provide a strong news element with an inside look at mixed martial arts, boxing and wrestling. A ticker is also on the way. Up soon is a TV version of radio's weekly Live Audio Wrestling. And before and after major pay-per-views, Jason Agnew and Dan (The Mouth) Lovranski will have a 90-second segment done in a "shoot" style breaking down matches.
Randy (The Natural) Couture was signed as the lead MMA analyst and company ambassador to add star power.
Along with the usual wrestling fare, The Fight Network has an upcoming 13-part series called Icons of Wrestling, featuring stars such as Antonio Inoki and rare footage of bouts such as Abdullah the Butcher vs. Hulk Hogan. Also scheduled are a documentary on Tiger Jeet Singh and another called BodySlam, which includes Christopher Daniels.
- The RAW Family Reunion will be shown live on The Score tomorrow from 8-11 p.m. There's a repeat at midnight and another at 2:30 p.m. on Tuesday. Among the matches is Kane vs. Umaga (Loser Leaves RAW). My bet is Kane loses and heads to Smackdown! after a little time away from wrestling.
- Jeff Hardy is the new Intercontinental champ, winning the strap from Johnny Nitro on RAW
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However the expected big decline never materializes, selling pressures have been exhausted and this is when professional short sellers realize the "jig is up". It is the new buying by bearish investors to cover short positions to capture profits and the continued accumulation by longer-term investors that helps the stock stabilize. As a second bottom (bottom#2) begins to take shape the pace of short covering accelerates and a new group of bullish speculators take long positions, the rally explodes. On the chart two equal bottoms are created, the double bottom is in place. In many cases double bottoms lead to important rallies because a vital support level has been established.
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Corporate Profile BlackOut Communications Inc. is a progressive media company dedicated to creating and delivering cross-platform media “brands” to the masses.
A privately held corporation, BlackOut’s commerce and content businesses include majority ownership of The Fight Network ™, Fight Network Radio ™, FIGHT MOBLIE, Live Audio Wrestling ™ (“LAW”), MMA Weekly.com and The Wagering Network™.
BlackOut Communications has a working relationship with BlackOut Media Corp symbol BKMP.PK http://finance.yahoo.com/q?s=BKMP.PK which is a publicly traded company. BlackOut Media Corp holds a twenty (20%) interest in all BlackOut Communications holdings.
Strategy BlackOut Communications leverages its content assets through its cross-platform media outlets allowing the company to achieve aggressive revenue growth by increasing subscriptions, transactional and advertising revenues. Given the industry fundamentals, including the growth of the digital television and video on demand (VOD) coupled with the growing penetration of digital radio and mobile content services. BlackOut is well positioned to achieve prominent growth in the entertainment media sector.
BlackOut disclaims any and all liability for any consequences which may result from any unauthorized reproduction or use of the pages in this Web site whatsoever.
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No volume, cuz "longs" are holding their ground. Hopefully this thing will collapse over the next couple weeks so I can load up. Anyone who EXPECTS a big run before 2007, is probably going to be disappointed. The rest of 2006 is for accumulation and a few small flips.
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quote:Originally posted by Max Shrap: No volume, cuz "longs" are holding their ground. Hopefully this thing will collapse over the next couple weeks so I can load up. Anyone who EXPECTS a big run before 2007, is probably going to be disappointed. The rest of 2006 is for accumulation and a few small flips.
Max it appears you are contradicting yourself or you hope all longs will sell their shares to you in a couple of weeks....did I read this right?
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At the moment the "longs" are holding their ground. The reason I put quotes around longs is cuz they THINK they are longs until they get impatient. I said "HOPEFULLY" this will collapse so I can accumulate a bit lower. I am in this 'til mid 2007 or a huge run, which ever comes first.
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this is the most likely scenario....BKMP will run up to a resistance point...looks like .001-.0013 and then there will be a big sell off just like last time and back to the bottom we go.
i mean it is pretty easy to predict just look at the trends on the charts....DUH!
my opinion of course
-------------------- 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 Max Shrap: At the moment the "longs" are holding their ground. The reason I put quotes around longs is cuz they THINK they are longs until they get impatient. I said "HOPEFULLY" this will collapse so I can accumulate a bit lower. I am in this 'til mid 2007 or a huge run, which ever comes first.
Max...If the pps goes down for what-ever reason...I'll be buying right there with you.....
I'm rather interested right now in seeing if this latest chart pattern works out.......On the first of September we had a Double Top sell off that worked out real nice according to the charts.
So if we get a little run beginning later this week and it tops out at $.001 or so and retraces...that means the Double Bottom Pattern didn't materialize. Then we find our selves watching another potential cup/handle and then if the handle retraces below the MA20 we see ourselves into a potential Triple Bottom Pattern......
To say the least...all these potential bullish chart patterns will keep us on our toes for awhile.......its very hard for me to imagine that we will establish lower support than what we have now....$.0004 BID and $.0005 ASK.....
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon.
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quote:Originally posted by CashCowMoo: this is the most likely scenario....BKMP will run up to a resistance point...looks like .001-.0013 and then there will be a big sell off just like last time and back to the bottom we go.
i mean it is pretty easy to predict just look at the trends on the charts....DUH!
my opinion of course
I believe if we break $.001 with strong volume we may very well hit $.0016 and then a potential retrace back down to $.001-$.0011........This then would be our new support base "if we break the resistance of $.001 with strong volume"......
If we simply tap the $.001 with weak volume then I agree with you...back down again we go into a Cup/Handle potential.....
I keep citing the potential patterns because first they are definately there in formation and we never know when some follow up news will make one of these patterns blast off with strong volume....so these are definately worth watching for now.....
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon.
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im tired of just sitting on this stock so now im going to do what the HAPPY BKMP holders do....they are trading on the trends and its pretty easy to track...
i dont think a US deal will announce until after the new year...and unless the reports some financials with good cash flow then this will be doing what it has been doing.
-------------------- 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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