Sandy will be on tommorrow ... show runs from 11am to noon eastern time... you can listen at this page below... bottom left hand corner April 24th... tommorrow...
Blackout President to Be Interviewed on Traders Nation Radio Monday April 23, 1:27 pm ET
TORONTO--(MARKET WIRE)--Apr 23, 2007 -- Blackout Media Corp.'s (Other OTC:BKMP.PK - News) -- Traders Nation will be interviewing Sandy Winick, president of Blackout Media (BKMP), on Tuesday, April 24th, 2007 at 11:00 am EDT.
He will be answering some questions with regards to Blackout and The Fight Network, which should be very informative for shareholders and those interested in the company.
"I am looking forward to discussing all the recent developments and some of the future ones on air tomorrow," stated Sandy Winick, President of Blackout Media.
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.
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It's my opinion that Sandy bought back quite a bit more than 175 million, but is not releasing it to the public yet due to restrictions on buyback volume.
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quote:Originally posted by Jason0352: WOw you guys still can't see the light huh? Sandy PR's only 175 mil while on friday there was nearly 900 mil volume. LOL he is obviously buying back and then dumping more.
There's no pump, so why dump? He'll wait till there's a little bump in price before he dumps. Assuming he will. Which isn't necessarily a baseless assumption.
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Even if they did dump in the near future, I believe that would be criminal because it would be misleading to inform shareholders of a buyback only to dump later.
Just because there might be large sell off don't mean that it is BKMP. Some investors buy by the tens of millions just to sell on one or two up ticks. There's also the short traders that sell on a sharp rise with the hopes of bringing it down to buy cheap. The trick is knowing when to get out (or hold long) once it start moving.
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quote:Originally posted by TopRob: Even if they did dump in the near future, I believe that would be criminal because it would be misleading to inform shareholders of a buyback only to dump later.
Nothing criminal about it. As long as he actually does the buy back that he's stated, he can dump to his hearts content. Unethical? Of course. Illegal? No.
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quote:Originally posted by kermit42: Upside is right. Sandy can dilute to his heart's desire. There is nothing illegal about it.
As to TopRob's question "why would they buy back and dump at the same time?"
Easy: you PR the buyback and don't PR the dilution. So the buyback gets done at .0002 and the dilution gets done at .0003--nifty flip, eh?
Sandy did exactly this last summer--he did a billion share buyback and a 2 billion share dilution. IMO, that is exactly what's going on here.
Most of you guys probably weren't around in the CMKX days but the same thing happened. The estimated o/s was 20 billion and the CEO announced a 10 million share buyback. He did buy the 10 billion back. At the same time he ran the o/s to 400 billion. Not saying that's happening here but it's certainly something to watch out for, especially since their o/s is "unlimited".
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quote:Originally posted by kermit42: Upside is right. Sandy can dilute to his heart's desire. There is nothing illegal about it.
As to TopRob's question "why would they buy back and dump at the same time?"
Easy: you PR the buyback and don't PR the dilution. So the buyback gets done at .0002 and the dilution gets done at .0003--nifty flip, eh?
Sandy did exactly this last summer--he did a billion share buyback and a 2 billion share dilution. IMO, that is exactly what's going on here.
Most of you guys probably weren't around in the CMKX days but the same thing happened. The estimated o/s was 20 billion and the CEO announced a 10 million share buyback. He did buy the 10 billion back. At the same time he ran the o/s to 400 billion. Not saying that's happening here but it's certainly something to watch out for, especially since their o/s is "unlimited".
I'll give him this, if Sandy's running every trick in the book here, he's doing it expertly, and with panache. He's in no hurry, doing a lot of right things with a good product, yet pulling the same old penny stock trickery to slowly milk money out of the pockets of would be investors and flippers.
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BKMP (.0003) Blackout in Negotiations With Major Communications Company
Market Wire "US Press Releases "
TORONTO -- (MARKET WIRE) -- 04/24/07 -- Blackout Media Corp.'s (PINKSHEETS: BKMP) -- Blackout Communications, the parent company to The Fight Network are in serious negotiations with a major North American communications/media company to acquire Blackout Communications, terms are not available at this time.
"We have been involved in ongoing discussions for some time now with this significant multi-media communications company to sell Blackout Communications to them and it is finally coming to a conclusion," says Sandy Winick, president of Blackout Media. "As we are a significant shareholder of Blackout Communications we have a vested interest in the outcome of these talks. Now we are seeing some light at the end of the tunnel," he added.
"Being a part of this larger organization will allow The Fight Network to meet its short and long term goals of being the source for combatant entertainment around the world. This will certainly allow us to expand swiftly into the United States and other parts of the world, which will allow our fans, especially those in the United States to experience what has been a run-away success in Canada," he continued.
About The Fight Network
The Fight Network is a cross-platform media company with brand interest in television, pay-per view, radio, mobile and web. All five of these media are seamlessly integrated to offer fans of combatant sports and related entertainment a true convergence experience. The Fight Network Inc. corporate headquarters is located in Toronto, Canada. The Fight Network's Website is: www.thefightnetwork.com.
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.
Media Contacts: Stephen Murdoch OEB International c/o The Fight Network Inc. Public Relations/Public Affairs Tel: (905) 682-7203 extension 22 Fax: (905) 682-7481 E-mail: smurdoch*oeb.com
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So far the only ones making any money on this issue are the brokerages and MM's in the commissions on the transactions........ .. . . Even if this issue breaks 2 billion in volume today, I doubt if the pps will move upward..... . . I hope I am wrong...GLTA
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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What are you smoking Tompom. It hit .0004 several times already. You should have bought at .0002 yesterday, because the new low will be .0004 soon
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