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Only one thing legal can ocurr here,cause the money of all traders and investors cant dissapear LIKE I SAID from months till yesterday nobody has earned one miserable penny here only loses at all prices. an the only legal thing is that somebody or big hedgefund have shorted and till yesterday is shortinh WGLT in that case sometime must cover they need to close positions.
posted
Welcome to the world of trading Terence, it part luck and part smarts. You got to know when to get in and when to get out. The same can be said about any stock. All stocks go up one day and down the next. Look at NT for the past 6 month, went from 19.30 to 31.79 and now falling back to 23.68. BKMP is about to go to the moon, so you can get a cheap ticket in advance or wait until the ride start and pay a higher price.
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WGL Entertainment Holdings, Inc.: Open Letter to Shareholders Wednesday April 4, 7:00 am ET
ORLANDO, FL--(MARKET WIRE)--Apr 4, 2007 -- WGL Entertainment Holdings, Inc. (OTC BB:WGLT.OB - News) -- I would like to take this opportunity to address many issues which are of concern to our valued shareholders. As we have seen over the past several weeks, our share value has declined steadily although we have made several exciting and revenue producing deals for our Million Dollar Shootout Reality Television Series.
The dilution and decline is most directly a result of a Stock for Debt exchange we have in place with a funding source. This Exchange Agreement was fully disclosed in an 8K filing on 12/26/06. This can be viewed at www.sec.gov. The agreement allows the holder to convert shares of WGLT for cash until the note is paid in full. We are actively seeking a bridge loan to pay the note in full to eliminate the note and stop the dilution and selling of WGLT shares.
In addition to the note, the company has issued approximately 70,000,000 shares for legal and accounting services to keep the company current on its SEC reporting requirements. Future payments for these types of services will be made in cash from expected revenues. The company has no plans to do any further Reverse Splits and will begin buying back shares from the open market as revenues from Europe and Asia are realized. However, if market support erodes and there is no longer trading activity, a Reverse Split is the only option to recreate a market for our shareholders.
CEO have not sold or intend to sell any shares and in fact only own 37,000,000 shares. I have personally loaned the company over $400,000 over the past year and take little to no salary. I am working very hard on your behalf to make the MDSO a success and believe that we will succeed in the long term. We have an outstanding product that will gain momentum and eventually air in the U.S. Market. After all, it took three years for "American Idol" to be sold in the U.S. market.
The current situation is very frustrating; I am doing all I can to resolve the situation and will continue to work very hard on behalf of our shareholders. WGLT has a very real product with a business model that can and will succeed.
Thank you for your continued support...
Michael S. Pagnano CEO, WGL Entertainment Holdings, Inc.
WGL Entertainment Holdings, Inc., through its subsidiary WGL Entertainment, is the producer of the WGL Million Dollar Shootout Reality Television Series and several other made for T.V. sports entertainment events scheduled to be produced in 2007 and beyond.
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
Contact:
For more information contact:
Michael Pagnano WGL Entertainment Holdings, Inc. 1-407-328-8538
Source: WGL Entertainment Holdings, Inc.
-------------------- "There was supposed to be an earth shattering KABOOM!" -Marvin Martian
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Interesting to say the least, no R/S planned but...........if the price keeps falling, then a R/S is planned, but we will be buying back shares to add share holder value..... make up your d*mn mind already!!!
-------------------- If ignorance is bliss, why aren't more people happy?
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ok TOP i know this buss.im trying to pick wglt under or a 0,0004. imo this letter is done to shake the tree and dont let traders to get in cheaper. i say thay cause is a silly letter in the worst time an scenario. wglt ceo can be so foul.imo
quote:Originally posted by tmanfromtexas: Well, with the volume the last few days, maybe the dilution is complete. maybe. TMAN...
Hey, Tman, I think you got it right here. There are about 500 mm shares traded under 0.0006. The pps will be pushed down to 0.0001 soon, then the ceo will do a R/S. Get out at 0.0005 while you can before being buried alive.
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I aint in this one, just watched it. It would seem that after the dilution, a trader could watch for uhv, then catch the run. Unless they RS. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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quote:Originally posted by tmanfromtexas: Well, with the volume the last few days, maybe the dilution is complete. maybe. TMAN...
Hey, Tman, I think you got it right here. There are about 500 mm shares traded under 0.0006. The pps will be pushed down to 0.0001 soon, then the ceo will do a R/S. Get out at 0.0005 while you can before being buried alive.
JimSC, are you bashing? not your style man and I am in this one and yes, I feel the dillution but it's fun money. When the selling is done, if there is no R/S it's bouncy time and I'm bringing the trampoline.
-------------------- If ignorance is bliss, why aren't more people happy?
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They corrected the CEO owned shares from 37,000,000 to 370,000 worth only $148/.0004 I would say that makes it worse knowing that the CEO has almost nothing to loose if they R/S. Lets hope that they are smart enough to know that a R/S so close to the last one back on Feb 20 would mean the end of this company.
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rob, who is "they" and when did "they" do this? Furthermore, CEO owns $148 bucks worth of his own company stock, ROTFLMAO. But he "borrowed" the company 400g's of his own money. It's not how much stock you own in your own company that proves its worth, no no, it's how much money the CEO borrows said company at a generous interst rate, I'm sure. LMAO. Gawd I hate pinks
-------------------- If ignorance is bliss, why aren't more people happy?
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CottonJim, it was just an error in the PR today so THEY corrected it, $148 is correct. I think the more shares a CEO owns the more dedicated he is in making the company profitable and less likely of a R/S. Even though his shares are almost wortless, I'm sure he will try hard to make the company profitable so that he can get back his $400K. Let's just hope he don't do a R/S. Who knows, he may turn things around, so I'm sticking with it for a while longer. -------------------
/ CORRECTION - WGL Entertainment Holdings, Inc.: Open Letter to Shareholders Wednesday April 4, 10:52 am ET
ORLANDO, FL--(MARKET WIRE)--Apr 4, 2007 -- In the news release, "WGL Entertainment Holdings, Inc.: Open Letter to Shareholders," issued earlier today by WGL Entertainment Holdings, Inc. (OTC BB:WGLT.OB - News), we are advised by the company that the first sentence of the fourth paragraph of the release stated that WGL Entertainment Holdings Inc.'s CEO Mike Pagnano owned 37,000,000 shares of WGLT common stock. In fact, that was pre reverse split. Mr. Pagnano actually owns 370,000 shares of WGLT common stock with a market value of $148.00. The complete corrected text follows.
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I am not retyping all of what I just typed. In short, Rob your right, CEO's and owners lie; they borrow money to their own companies and get big tax benifits out of it. I would rather he traded his 400K for stock, more incentive for him to perform. OH, I got some kind of error when I tried to post my first message and the back button didn't work.
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This could be a good thing as they plan to use the shares for employee awards and incentive and maybe a big chunk for the CEO. This will make the whole company more committed to turning things around. As long as they stick with the plan we should be ok for a while. Also, it has to be approved first. See 1.2 below. ---------------------
EXHIBIT 4.1
WGL ENTERTAINMENT HOLDINGS, INC.
2007 AMENDED STOCK INCENTIVE ARTICLE I -- PREAMBLE
1.1 This 2007 Amended Stock Incentive Plan of WGL Entertainment Holdings, Inc. is intended to secure for the Company and its Affiliates the benefits arising from ownership of the Company's Common Stock by the Employees, Officers, Directors and Consultants of the Company and its Affiliates, all of whom are and will be responsible for the Company's future growth. The Plan is designed to help attract and retain for the Company and its Affiliates personnel of superior ability for positions of exceptional responsibility, to reward Employees, Officers, Directors and Consultants for their services and to motivate such individuals through added incentives to further contribute to the success of the Company and its Affiliates. With respect to persons subject to Section 16 of the Act, transactions under this Plan are intended to satisfy the requirements of Rule 16b-3 of the Act.
1.2 Awards under the Plan may be made to an Eligible Person in the form of (i) Incentive Stock Options (to Eligible Employees only); (ii) Nonqualified Stock Options; (iii) Restricted Stock; (iv) Stock Awards; (v) Performance Shares; or (vi) any combination of the foregoing.
1.3 The Company's board of directors adopted the Plan on April 4, 2007 (the " Effective Date "), subject to approval by the shareholders of the Company to the extent necessary to satisfy the requirements of the Code, the Act, or other applicable federal or state law. Unless sooner terminated as provided elsewhere in this Plan, this Plan shall terminate upon the close of business on the day next preceding the tenth (10th) anniversary of the Effective Date. Award Agreements outstanding on such date shall continue to have force and effect in accordance with the provisions thereof.
1.4 Capitalized terms shall have the meaning provided in Article II unless otherwise provided in this Plan or any related Award Agreement
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Also, I didn't see anywhere in the report that they would use the new shares to help fund the operation of the company. This means they will not dilute the pool. The new shares will only dilute when their mature date has been reached and cashed in, which could be years from now.
Don't forget the "WGL Million Dollar Shootout" will be airing in Asia next month. Who knows, it may turn out to be a big hit.
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A little strange ...... the document refered to about the airport ect is dated April 10th 2007. That is a future date ..... and reason for that?
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The WGL Million Dollar Shootout Wins Accolade Award Monday April 9, 9:39 am ET
ORLANDO, FL--(MARKET WIRE)--Apr 9, 2007 -- WGL Entertainment Holdings, Inc. (OTC BB:WGLT.OB - News) announced today that its reality show the WGL Million Dollar Shootout (MDSO) has won best reality show in the 2007 Accolade Competition. The MDSO, hosted by John O'Hurley, features five teams of four golfers each competing for a $1,000,000 prize. The amateur golfers of varying skill levels are assisted by professional lifelines, which include PGA Tour stars Fred Funk and Mark Calcavecchia and LPGA stars Cristie Kerr and Carin Koch. "This award solidifies what we set out to produce, mainstream entertainment for the 55 million golfers worldwide and build a brand franchise for many years to come," said Mike Pagnano, Executive Producer of the MDSO. The Accolade recognizes film, television and video professionals who demonstrate exceptional achievement in craft and creativity, and those who produce standout entertainment or contribute to profound social change. Entries are judged by highly qualified professionals in the film and television industry. Information about the Accolade and a list of recent winners can be found at www.accoladecompetition.org.
In winning the Accolade, WGL Entertainment joins the ranks of other high-profile winners of this internationally respected award. Thomas Baker, Ph.D.,who chairs the Accolade, had this to say about the latest winners, "The Accolade is not an easy award to win. Entries are received from around the world. The Accolade helps set the standard for craft and creativity. The judges were pleased with the exceptionally high quality of entries into this year's competition. The goal of the Accolade is to help the winners achieve the recognition they deserve."
WGL Entertainment Holdings, Inc., through its subsidiary WGL Entertainment, is the producer of the WGL Million Dollar Shootout Reality Television Series and several other made-for-T.V. sports entertainment events scheduled to be produced in 2007 and beyond.
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
Contact: For more information contact:
Michael Pagnano WGL Entertainment Holdings, Inc. 1-407-328-8538
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Anyone have any predictions/opinions for this one? I'm in for 2000000 at .0005. I'm really wary about holding something like this for long-term, but for some reason I have a good feeling about this.
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I agree this stock should start to increase. From the indications in the chart over the past several days, it looks like it has hit it's low. Also, there is a lot of buying pressures that should start to take affect. I'm in...
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quote: anyone have facts that this golf b.s even exist besides a bunch of companys p.r's.....
I was in this a long time ago and lost pretty much all I had in it due to reverse splits and declines.
However, at one point before I sold it off, I got an email addy for John O'Hurley from his fan site. I wrote to him as a fan and said I heard about the Million Dollar Shootout and wondered when it would air. He did email me back. It was a very short, curt reply saying that last he heard they were shopping it around trying to find someone to air it. I don't know if they screwed him over, but he didn't seem very happy about it. Anyhow, at least we know that the show is for real. And if they've actually got it airing finally, that's a good thing. Now whether it helps this stock or not, that is another question.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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WGLT is a bottom buster that has been taken down to the limit. Looks like it's ready to reverse here: WGL Entertainment to Co-Produce the All Women's Bike Build With Open Road T.V. Apr 10, 2007 7:00:00 AM ORLANDO, FL -- (MARKET WIRE) -- 04/10/07 -- WGL Entertainment Holdings, Inc. (OTCBB: WGLT) announced today that its subsidiary WGL Entertainment will co-produce the All Woman's Bike Build during the Midwest Cycle Mania event April 19-21, 2007 in Green Bay, Wisconsin. WGL Entertainment will finance the Pilot episode, which will be presented to Spike T.V. who has the option to purchase 12 additional episodes. Each episode will feature an all Woman Bike Build and many other exciting events at Bike Festivals around the country.
"There are over 9 million motor cycles in the U.S. and Bike related television is extremely popular. We are thrilled to team with Open Road T.V. and its very popular on air personality Gina Woods," said Mike Pagnano, CEO, WGL Entertainment Holdings, Inc. Additional information about the event follows:
Move Over Guys, the Lady Builders are Ready to Wrench All Woman Bike Build hits Green Bay, WI April 21st All Woman Bike Builds joins Ken & Bonnie Juza at their 3rd Annual Midwest Cycle Mania at the Brown County Veterans Memorial Complex in Green Bay, Wisconsin. This year's show headlines Women in Motorcycling and will be bigger and better than ever, providing spectators with a total motorcycling experience.
Leading off this year's roster will be Gina Woods' XX Chromes All Woman Bike Build! The XX Chromes roll into the Badger State and descend upon the shores of Green Bay for three awesome days coming together to build one motorcycle in front of a live audience in less than seven hours. The featured all women builders are:
Sara Liberte - World Famous Biker Portrait Artist Laura Ellifson - Klock Werks Kustom Cycles and AMA National Land Speed Record Holder Katie Putman - Mitch Bergeron Customs & Celebrity Bike Builder from the 1st All Woman Bike Build Jody Perewitz - of famed Dave Perewitz Cycle Fabrication 2006 was a motorcycle industry first, showcasing an All Women Bike Build created by Gina Woods. The first ever event was held at Open Road Radio's Fat Fest 2006 for Breast Cancer Awareness. "This year we're excited to present these fabulous women as our building team. Each is known for their respective work, but also as leading women in the industry," said Gina Woods.
WGL Entertainment Holdings, Inc., through its subsidiary WGL Entertainment, is the producer of the WGL Million Dollar Shootout Reality Television Series and several other made for T.V. sports entertainment events scheduled to be produced in 2007 and beyond.
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