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I spoke to BnetTV briefly today. From what I was told, they're all flying out to Vancouver tomorrow to meet with APTD to discuss moving the companies forward. I like your question list- I'll see if I can forward it to someone at BnetTV to get some answers.
I've been following BnetTV for about a year... great company, and they've come through on everything they've said. If you had any problem with the share structures, you were free to sell your shares whenever you want. It's not like a company can just issues shares and dump them. All issued shares are registered and restricted for 2 years. Issuing shares is a great way to do acquisitions without having to pay cash, which can effect day to day operations.
You have no facts to support anything you say. The company issued more shares but it was needed to get some of these things done.
If you don't like what they're doing, sell your stock and move on. Until I see the company not coming through on what they've said, I'm giving them the benefit of the doubt. I'm sorry you lost money in another venture that may or may not have had something to do with gerald, but as this year goes- the company did everything they've said- in addition to running the day to day company. Each one of these things could be a full time job. That means they're covering dozens of events and at the same time, in the past 10 months, they
-- spun out BnetTV
-- issued a two year audit
-- issued a PPM
-- hired Mike Wehrs to the board
-- issued a dividend
-- raised their pink sheet listings
-- new website / new facility in manhattan
-- announced an acquisition of AlphaTrade
-- raised money
For a penny stock, this low- i'm impressed. They've been willing to hand over the BnetTV shares to us shareholders. Why would they do that if it was a scam? The stock isn't high enough to sell, even if they could.
There's a lot more going on here then a typical sub .001 penny stock, that's for sure. So I'm bullish at these prices. That shouldn't make me a bad person. So what my interests are aligned with someone you don't like- that's your problem not mine.
Well, I do have to say the company has come through on what they said they would. If you don't like the answers I have, stop asking questions... I gave it to you as straight as I could, based on facts. I don't know gerald, or his past involvement with PRMO- and I am sorry you lost money there.
But I do like the BnetTV story, and they seem to be doing alot for a company you say is a scam. So far this year they:
1) spun out BnetTV
2) did a two year audit on the BnetTV division
3) retained a white shoe law firm
4) issued a PPM
5) put in place talented, new management
6) announced a dividend
7) raised their pink sheet listings
8) revamped their website
9) moved into a new office with a broadcasting studio
10) paid out the dividend
11) announced an acquisition of AlphaTrade
12) covered a dozen or so events, incl several international shows
That's alot of work this year for a company you say is scamming shareholders. The stock is close to zero, they can't be doing this to sell shares. People don't work for nothing, and guys like mike wehrs wouldn't be on the board if it was a scam. All the numbers are in the PPM, and lying in a private placement document is a jailable offense. Sorry Vikco, unless you can come up with some current, factual information about something BnetTV promised and didn't come through on this year, I think you're running out of stories.
you have to do your own homework here- I reached BnetTV by email, and i've dropped by their offices a few times to see what they're up to.
you failed to mention of course that you saw Mike Wehrs name down as management / CEO at BnetTV. You must've been burning seeing his name there. Funny how you only go to spinning negativity.
I don't see it as a negative... i'm glad someone from EATR is on the board at BnetTV to protect our shareholder interest. If we don't make money, he doesn't get to make a dime. Actually we're in better position then him- as an insider, he has to register to sell when this becomes liquid- we can just hit bids.
That's a lot of hate to be carrying around with you Vikco- that can't be healthy.
Not sure what relationship it has with the new shares AMTD issued to the new CEO. But AMTD does have debt, so this would buy out their debt, and both companies would be profitable, and with cash.
They also said they would role back the shares recently issued to the CEO, which would significantly reduce the O/S.
All in all, I think it will benefit both companies. Looking forward to BnetTV shares being liquid. For regulatory reasons, they have to say a portion of the shares, and can't disclose the exact amount until the transaction is done.
Yes the news is already out, check BnetTV's news page-- they released their PPM, moved into a 7500 sqft facility in Manhattan, and announced a deal to purchase majority shares of AlphaTrade (APTD).
The AlphaTrade deal will make BnetTV's shares liquid in the coming months. They're intending to roll the stock back, make one other acquisition- and re-list on a major exchange under the name BnetTV. APTD's stock has been pummeled because their CEO and founder past away last year. But they have new manangement, and about 6 million a yr in revenues.
http://www.alphatrade.com/news/stories/AM/2010-10-29/MRW/201010290800MRKTWIREUSPR____0679488.html
http://www.bnettv.com/bnet-company-news/
From what I understand, BnetTV raised about 500K in their first week. This is all good news for EATR. We as shareholders, still have around 40% of BnetTV's outstanding shares. It could be a very valuable property in the coming months.
The Alphatrade deal is for cash, and ownership of APTD.
I'm in investor that really likes the AlphaTrade / BnetTV story- enough so that invested in both of them. I don't work for either company, but I have asked a lot of questions.
I want to get on the phone with Alphatrade next week and find out the plan moving forward. The deal memo between the two companies doesn't address things like their future plans, nor does it address the shares issued to Muir this year.
From what I know, the company wants to roll back the 3 billion shares that were issued to Muir. I'd like to know exactly how that would work regarding BnetTV paying off their debt. But all in all, a pretty exciting week.
synergy is a pretty common word when it comes to two companies merging. I'm going to find out this weekend how to get in touch with dror and get to the bottom of what's going on with this company. I'd really like to see all these stocks go higher. Management sucks at all these companies. These people are the dregs of the stock world to be honest. And we're paying the price.
Not sure-- it was in a press release a few months ago
Yes, an APTD front end trading system could be offered by any executing broker dealer. They could white label it, and custom build it for any broker so it looks like proprietary software. They could also team up with a broker dealer- and offer it exclusively.
APTD is working on a front end execution system... I think they could compete with the E*trades of the world. Their quote system definitely gives them a speed advantage. I used to trade L2 all day long and I had my own BD. All these systems are pretty similar at this point- it's about customer service and relationships. And that's alphatrade's strong point- they have great customer loyalty.
I agree with you JD- it's a quid pro quo deal here. BnetTV needs liquidity, and Alphatrade needs cash to pay off their debt. And there's enough synergies here where both parties will benefit revenue wise from the deal.
As well, by buying Muir's stake, the company can roll back the shares and bring the O/S back down to under 100 million. I think we do very well with this deal. Hoping to see this back above .003 as more information is released.
It's good news, anyway you slice it Vikco - and since you admittedly know nothing about either company, I'd suggest reading up on the deal before passing judgement. EATR's 40% stake in BnetTV is a minority percentage.
I've been saying that BnetTV / Alphatrade would be a great deal. I'm happy it's happening. I think these companies are all severely over sold. They have huge revenues, cash, and potential to be a big company.
we've been waiting a long time for this bnetTV / alphatrade deal. it's the shareholders of alphatrade and shareholders of EATR that are getting screwed here by your malicious posts.
it's just wrong. we're not management- we're shareholders. you're not short the stock, so why punish the shareholders that are hoping to recoup their money here? Both APTD and EATR are down huge. Shareholders are hoping to catch a break, except unfortunately Vikco will spend all day to make sure it won't happen. I don't get it. Why should the shareholders of Alphatrade get hurt today because of a deal they're doing with BnetTV? I own shares of all three companies. we all have to pay a price for your vendetta against gerald sklar? Go after the man himself. This is the equivalent of bombing towns in north korea b/c you don't like the government.
From what I know, Gerald is in his 70's and has tens of millions of dollars. Do you think he cares about the stock price of EATR?
We spent 4 months waiting for this transaction that's going to save the shareholders of both companies, and all your doing is making sure that the shareholders get nothing.
I like the deal, I saw the numbers-- BnetTV and Alphatrade have been in talks for months. They have some great synergies and will be a great solution for each other. If for nothing else, Alphatrade gets to wipe the debt of it's sheets, and won't dilute their shareholders in the process. In fact they've said they plan on rolling back the shares.
If you guys want to trash on Alphatrade now, because you lost money in another deal, then go ahead. But admittedly you know nothing about BnetTV or APTD- you just hate the management of EATR (Eastern Asteria) which owns a minority stake in BnetTV.
Vent away.
This is a great story, I'm getting excited to see how this plays out over the next two months. We're shareholders of APTD here. BnetTV announced a purchase of APTD shares-- I don't see anything in the news about EATR. If you have a gripe against EATR, or their management, I'd suggest going to the appropriate message board to vent. If you don't own stock in APTD, please don't bring your baggage over here. Thank you.
They were in talks for around 4 months - I'm glad both companies pulled the trigger. By taking the debt off of AlphaTrade's books, and rolling back the stock-- they should have enough capital and revenues to list with a major exchange. That'd be nice to see a BnetTV vehicle with a $6 stock price next to it.
More announcements suppose to come out. Waiting to see what could happen here.
This is great news, for both companies here.
BnetTV is buying shares of AlphaTrade- they're not issuing more shares. On the contrary, they plan to roll back the stock. It's an all cash deal for AlphaTrade shares, and it takes their debt off the books. They can roll back the stock and list on a major exchange.
Alphatrade is moving more into digital media, which is where there's synergy between the two companies.
p.s. don't listen to these haters like vikco that know nothing about bnetTV or it's management or this deal... they spend all day on message boards, spewing hate.
The deal isn't closed yet, but they should hopefully close in December. The idea for BnetTV is to expand their network. Alphatrade has thousands of users, and have been moving over to digital media. It's a great match for a company that needs content, which BnetTV supplies. Alphatrade has $5 or 6 million in revenues. From what I understand, it's an all cash deal.
With a majority stake in the company, BnetTV and Alphatrade want to roll back the stock, and rename Alphatrade- BnetTV Communications and list on a major exchange come January. This broadens out the business model of both companies.
It's great news for EATR who owns 40% of BnetTV. Their investment would be liquid very soon. If BnetTV/Alphatrade has a market cap of $25 million come january or february on a real exchange- that should put EATR's market cap at around 20x it's current level. A market cap of $50 million would be 40x it's current level.
I was hoping we would see the BnetTV PPM posted this week, I know it's been issued and they're doing a raise. I assume there's some legalities regarding distributing private placement documents online. But I've read it through, and it mentions the Alphatrade acquisition and has their 2 year audit, and details of their business plan. It looked solid to me.
I was told they will be announcing it soon-- i'm hoping this week, like as in tomorrow. I'm calling them on this today- I'll get back to you if I hear something.
What I know are the facts, and I report them as they come to me.... All I get here is speculation. Just b/c the board of directors issued new stock, doesn't mean they were sold in the market place. For all you know they're restricted for 2 years. Companies pay with paper for numerous reasons- one, it means you don't have to pay out cash, secondly it gives the beneficiary incentive for the company to do well.
I don't mind so much they put out more paper, has long as we get something from it. BnetTV is a corporation with shareholders. There's no shell to own. Gerald is a shareholder as well as Mike Wehrs, and the shareholders of EATR. The investors as part of the raise will own a significant portion as well.
The company sold bnetTV before the 2 yr audit was finished. Unfortunately that means that BnetTV has to give you the audit. EATR can't issue an audit on a company they don't own. Not sure why that concept is so difficult to grasp. Just call BnetTV for the audited returns.
Some big things happening over the next two weeks... I've given you guys a heads up on a bunch of stuff. So I think my credibility is pretty good here. And until EATR management starts saying things that don't come to pass, i'm giving them the benefit of the doubt. I'll be the first one to jump down their throats-- I want this thing to have a good chance to go higher.
BnetTV is poised to make a run, which will bring up EATR in it's wake. That's all I'm interested in. Gerald didn't sell shares into the float- the board of directors decided to issue new shares. If you weren't happy about it, you could've sold the stock at that time.
The only real question here is whether or not EATR is a good buy down here, and I think it is. The math is simple... BnetTV is raising $22 million- EATR owns 40% of BnetTV. EATR has a market cap of a million dollars-- so it's under valued. That's all that important. If I told you the stock was free tomorrow, you'd go put it in your account, right? So you're buying a stock price, not a company per se. Is the company under valued here and could it make a legit run- is the real questions.
Mike Wehrs is on the board of directors and listed as part of the management team. The company could not put the audit out as part of the PR, because they no longer owned the company. What they did say in the conference call is that you can call BnetTV and get if from them. I have a copy in front of me now.
But you guys are only interested in negative slurring on this page. You don't care that you could've easily gotten yourself a copy of the audit, which is also clearly on BnetTV's PPM. You'd rather sit there and cry like babies that EATR said it would be released and didn't release it. Yes, the audit took so long, that the sale of bnetTV happened first, and now you have to call BnetTV for the audit... Wow, what terrible liars these guys are. I never met a bigger group of babies.
Not only am I buying a stock price, but I'm also buying the company's ability to execute on their plan. They brought mike wehrs in as management (and a member of the board), finished a 2 yr audit, redid their website, issued a dividend, issued a 50 page PPM, started issuing quarterly financials to Pinksheets, BnetTV started on a $22 million raise, hired the best attorneys in NYC, and now put an acquisition together that will be announced this week.
But you guys are like litte babies-- "i wanted the audit released from eatr!!, the china deal fell through!, the quarterly financials aren't audited, waaaagh - mike wehrs took a temp CEO job, waagh. The worst part, none of you haters own the stock-- you sold it, and now you're just haters spending hours a day on a message board for a penny stock you don't even own.... don't you guys have hobbies?
BnetTV is in the middle of a capital raise... They're doing fantastic. You just don't have the facts, because you don't do your homework. Of course Gerald's name is the contact for the transfer agent for BnetTV-- he's the one making sure that the stock gets transferred to the EATR shareholders.
Mike Wehrs is on the board of directors of BnetTV and owns equity in the company. Nobody at EATR or BnetTV claimed that Mike was designated to head up BnetTV. That's what you're saying, nobody else. His future with the company is up to him and bnetTV to decide.
BnetTV Communications is the new company, and was set up by a new management team w its own share structure. BnetTV was sold to them in return for stock, some cash, and a board member seat. Of course we want Gerald on the board of bnetTV protecting the interest of the EATR shareholders (which he is one of).
None of your conclusions are based on facts, because you don't do your homework. You admittedly don't have the audit, or their new PPM. Which means basically you know nothing. For all you know, the added O/S was done to facilitate deals that will make BnetTV worth $50 million dollars next month, which would put EATR at 20x it's current evaluation. Then you say these crazy comments like "meanwhile, Gerald sold 825 million shrs of his own stock over the past year and a half". You have zero proof that he's sold a single share. For all you know he's bought hundreds of millions of shares. Enough with the baseless accusations-- why waste your time here all day, hating on this stock? We're trying to make something good happen, all you do is spread your negativity campaign.
Nobody makes any money here (gerald incl) unless the stock, and or BnetTV's stock (as per a liquidity event), takes off here.
From speaking to BnetTV over the past year- they've definitely made a ton of progress. EATR is the way to own BnetTV, so there's my interest in EATR. I don't know Dave Young or his function accept I guess from these posts is that he does investor relations.
Since I own EATR as a means to own BnetTV, I certainly take interest when I see posts that make accusations to the management of EATR, since EATR is important to the equation here. EATR has to hand over the dividends to their shareholders. In reading all these posts of angry PROM shareholders that accuse the management of EATR of wrongdoing- I haven't seen too much in the way of facts. Although the PROM shell was sold by Winmax management- it seems like it was a clean sale- and PROM was trading under a CEO and registered majority shareholder named Dror.
Seems like Dror really ripped it off. Not sure why one of you guys just doesn't call Dror and ask him what he's doing with the company. Would you like me to do your homework in this other company too, and call this guy? It's a cool thing about 2010- everybody has phones, and email addresses.
Anyway, it's none of your business who I know at BnetTV. Suffice to say, with their audit and PPM in hand, I know more then you. If you did your homework and made some calls, you could have this information too. Based on that information and the fact that EATR has come through on the dividend promise- I think it's a good buy. So there you go.
BnetTV released their two year audit about four months ago. Eastern Asteria couldn't release the audit, because it's not their company. It's a two year audit. I called BnetTV and told them I'm interested in making an investment, and then sent it over... bnetTV is putting out a PPM-- that will have all the financials in the documents.
Are you telling me that you're saying that bnetTV is a bad investment, and you never saw the financials? Get a copy of the financials and then lets have another conversation. Maybe you'll like the numbers.
Gerald is still involved on the board of directors of BnetTV, but they have other people as management running the day to day. I know a lot about BnetTV-- i don't know too much about the gems division of EATR. And this year, regarding bnetTV- these guys have been on the ball. Enough that it's worth seeing how the next couple months play out. As far as EATR goes, I think it's a decent play to get involved in BnetTV. Stock can't go much lower, that's for sure.
Listen, you have to get this straight here-- EATR owns 40% or more of BnetTV-- of course there's ownership. The good news here is that EATR is handing these shares over to the shareholders. And it is a seperate company- BnetTV is no longer a subsidiary of EATR. They sold it last January.
I don't know what happened back before 2009- all I know is that as of the past year, the company has come through on a lot of stuff that looks positive. The company has a vested interest in getting their stock up. But I haven't seen any pump and dump, or big promotion campaign. They're just putting out good new news every month or so. I didn't know they issued another 100 million shrs to the float. Does that matter that much?
Until information comes out to the contrary, I'm going to continue to hope the good news keeps coming out, and make decisions from there. And they did come out with the audit for the BnetTV division, and they said in their conf calls, they'll do an audit for the Gemstore in 2011.
I'm not vouching for anyone, but I like the stories coming out, and until I see otherwise, I'm going to stay optimistic.
BnetTV has different principals, and looks good right now. All of what your claiming about PRMO can be explained by the simple fact that WNMX sold that shell to the current owner of PRMO.
If you know that world, you would know that when you sell a shell, the principals (in this case Gerald) can't just pull their names off of it and change the address. Not to mention Gerald has experience running these companies. I'm sure part of the sale price included Gerald staying on and handling the securities administration needed to maintain the company. The new owner of PROM is a gold speculator from Thailand. You think he has experience doing investor relations or dealing with the SEC and FINRA filings? Doubt it.
So naturally the address stayed the same, they kept the same transfer agent. They probably had the same attorneys too. And maybe Dror paid Dave Young to handle investor relations. And maybe Gerald believed in the story and bought stock and lost money too. Again, you have no idea what happened.
You lost your money in a bad investment... so you started digging around looking to blame someone. Gerald didn't get you into the stock- you bought it on your own... After digging around, you guys saw Gerald's name, saw that Winmax had the same address, same investor relations person, same transfer agent and started speculating that somehow WNMX profited from your loss.
Someone posted a message of a conversation with Gerald that he told them he thought the stock had huge potential, so all the sudden Gerald is a promoter... Winmax has a gems operation in the same country, all the sudden Winmax is stealing gems from PRMO shareholders.
You guys have no proof anyone at Winmax made money from PRMO... or even ever owned the stock. you guys have a wild crazy imagination. WNMX stole PRMO gems and then shorted the stock, and then sold the gems under the table to a haitian dealer and then shorted the dollar and sold mortgages to poor mexicans causing the housing crash.
I have a more realistic scenario-- Gerald sold Dror the PRMO shell for 150k or 200k and agreed to stay on to handle the administration work. Dror probably threw 50k to Dave Young to explain to investors what the company does.
At some point you guys have to move on... or call the CEO of prom and ask him for some answers.
I'm in it for BnetTV I think it looks great... I can't buy BnetTV so EATR is a cheap alternative to own the stock.
Do the math-- EATR has a million dollar evaluation. For every 10 million BnetTV is worth, EATR is worth 4x it's current numbers. So I think it's a good opportunity.
I don't care if Gerald helped promote PRMO-- maybe he lost money it to then. It's all speculation as to what happened in 2007. Trying to move on from that.... Everything EATR said this year has come true, including giving out a dividend, audited financials, private placement memorandums, higher listing status, new website, new management team, etc.
So I'm pretty happy with EATR-- not sure I care about some other deal in some other stock 3 yrs ago, and your speculation as to what happened. The only thing we know for sure, is that you made a poor investment decision. Time to take some of the blame. I like to invest in reality. www.BnetTV.com is pretty real. These guys are flying all around the world as a reputable media company. Website is updated with new content everyday.
You guys aren't here because you own the stock or you're at all interested in BnetTV. You're just trying to rain on a parade, b/c you lost money in PRMO.
You're on the wrong message board... we're all sorry you lost your money investing in PRMO- an african mining venture run by a guy in Thailand named Dror, but take responsibility for your bad trade. Yes Gerald sold Dror the PRMO shell, but you have no proof of anything else. From what I know the stock went through the roof, and investors that sold, made a killing.
You lost money in a dumb investment, and got caught holding the stock too long. If it makes you feel better to think it was a scam, then think it. It was just a bad investment and bad trading on top of it.
As per my last post-- bnetTV is the future here and EATR owns 40% of it.
The key here is the timing of BnetTV becoming a liquid company. From what I know, Mike Wehrs is on the board of directors and has had a significant role consulting with the company. I'm sure his future with the company depends on many factors. Mike is one of the best out there and in high demand. No surprise they bought him to NY to be the interim CEO of Scan Buy.
BnetTV has paid about 100K in legal and accounting fees to get to the point where they can do acquisitions, a private placement, and go public.
Eastern Asteria owns 40% of BnetTV and has been willing to give the shareholder the benefit of the company. Any other company in the world would pocket the proceeds and put it towards expenses and salaries.
Do the math-- if BnetTV completes a $15 million dollar raise next month, that puts EATR's 40% stake in the company more then 5 fold it's current evaluation. If they go public and BnetTV is at $30 million - that's a 10 fold increase at current evaluations. And the company is handing us the BnetTV stock from the dividends.
I see a lot of complaining, especially from the PRMO shareholder crowd... Plenty of worse situations in the Pink Sheet world.
Let's see what the news is come next week. They did announce in their conference call that they would be expanding their authorized shares. This is not expanding their outstanding shares, it just gives them the flexibility to do deals- paying with restricted 144 stock...
The idea the company could issue themselves free trading stock to sell is silly. The insiders own roughly half the company, and that will probably never change. They can't really sell their current shares without it being known as it's insider stock.
Any new stock that's issued is restricted for 2 years. But it does give the company the ability to do deals, as they come, without coming out of pocket. I'm not expecting any significant changes in the share structure, and we'll be able to see it, if and when it happens.
Best part of this story, is management's willingness to part with their BnetTV shares to the shareholders. Most companies would pocket the profits from selling shares, and then spend it on salaries and expenses. These guys are handing it right back to shareholders, which says something.
I'm waiting for some big BnetTV news to come out soon. If we can attach a value to BnetTV based on an offering document, or a bid for the company- I think EATR (as per their 40% stake in the company) could really take off.
Expecting some good news to comes out soon. Let's see how this week plays out. I don't know anything about EATR's gems division or PROM Resources or any relationship between the two companies. Don't care.
My interest lies in BnetTV, and all the information I've found is mostly from speaking to them. Knowing the deal between BnetTV and Eastern Asteria, has me interested in EATR. With the conversion rates, BnetTV only has to be worth a couple million dollars for EATR's share price to be undervalued. If BnetTV can get to a $25, or $50 million dollar evaluation-- EATR should be worth 20 or 30 times the current price.
More importantly EATR is giving away BnetTV shares to their shareholders as dividends. If you call up BnetTV and ask if you can purchase shares directly- they're not cheap. So if I can buy BnetTV shares simply by owning EATR- it's a no brainer. Plus there's the potential for upside in share price.
I'm bullish on the situation, i'm not some stock promoter... if people don't want this type of information that I'm finding, and posting, I certainly don't have to do it.
so you came back out of retirement, batting?
BnetTV stock is far from worthless-- if anyone disagrees, please send them to me. Oh that's right batting, you don't own EATR.. you sold it before the divy b/c you said it was a scam. Now that we got the Divy and you didn't, you're sore about it.
You told us all last week, that you were done posting on this page, because "I have a life, so I'm not wasting my time here anymore". But you're back here everyday. You spent months spreading lies, saying there would be no audit... then you spent months saying the Divy was a big scam. Now that we got the divy, all you can say is its worthless. Charming. You just can't stand that you sold it, and we're going to make money. Spread as many lies here as you want, I'm getting ready for the run.
Good question, let me see if I can find that out for you. There is some great news coming down the pipe, from what I gathered last week, that would make EATR's stake in BnetTV very valuable. It could also fast track them to be publicly traded on a major exchange. The best news of all is that things are in motion right now, we don't have to wait 6 months or a year for some complicated business plan to pan out.
Guys, you keep missing the point... nobody here cares about what happened in 1989. Nobody cares that a stock, PROM is at zero and did some business with EATR in 2007. Nobody cares that management said the stock would go higher in 2006 and it went lower. Don't care about angry ex-employees or old shareholders...
All we care about is that the company is coming through on everything they've promised over the past year. And it's pretty exciting stuff. You don't drop 50k on corporate lawyers for nothing. So let's see how the next 3 or 4 months plays out.
To recap, since November 2009:
1) They said in November 09 that they were going to spin out BnetTV in January. Check 1 for the company.
2) They said they were finishing a 2 year audit, and they did. IF you ask the right person, you can get a copy. check 2.
3) EATR said in Feb that they were going to announce a dividend to give BnetTV back to the shareholders. Check 3.
4) BnetTV said they brought on a new management team- and I spoke to the company and it's all true. Check 4.
5) They said last Nov that they wouldn't increase the O/S or the float and they haven't this year. Meaning accusations that the company is printing shares and dumping them are lies. Check 5.
6) They said they were going to up their standings with the Pinksheets and become more transparent, and they have. Check 6.
7) They issued the dividend as promised. Check 7
8) Insiders said they agreed not to partake in the dividend, and they didn't. Check 8
9) BnetTV said the would retain a white shoe law firm to draw up offering documents. They hired Loeb & Loeb-- who won't pick up the phone for less then $600 an hour. Check 9
10) BnetTV said they were retaining two wall st firms to advise them moving forward. Check 10
11) BnetTV said they would revamp their entire website. Check 11
With great knew news coming out over the next few weeks, let's sit back and see how this plays out. And if anyone has current information, or questions going forward- i'd love to hear it, and try to get some answers.
Second divy is coming, but even better news might be just a few days away now.
The scorecard in 2010: EATR 5 - Batting 0.
lol, I thought you promised to go away batting.... we don't want to hear from you here anymore. You spent two months in spring telling everyone that the company would never finish an audit, and you were wrong. Then you spent two months this summer swearing we wouldn't get a dividend, and you were wrong again. Then you accused the company of issuing new shares, but SEC fillings prove your wrong yet again. We're truly sorry you lost your money in Prom Resources in 2009, but this is not the venue for your rantings.
We're all very excited about the next couple months-- we've waited a long time to get here. You accuse EATR of lying, but everything they've said this year has come true, and everything you've claimed has proven to be wrong. You said your piece (duly noted on the record here)- now go. Last week you said goodbye and that your time was way to precious to be wasted on this board-- now you're back again?
So far this year EATR has followed through on everything they've said:
1) completed a 2 yr audit
2) began issuing quarterly earnings, submitted to the SEC,
3) improved their listing status with the Pink Sheets.
4) issued a stock dividend
5) didn't increase the float or issue new shares
BnetTV has come through on everything they've said in 2010:
1) revamped their entire website
2) covered a dozen conferences (3 of them international)
3) hired a new management team
4) retained Loeb & Loeb, a white shoe park ave law firm
5) has a private placement memorandum in place
6) is working with two wall street brokerage houses
What have you done in 2010, batting? Aside from your predictions which have all come up wrong, what are you doing all day long? This obsession of yours, beating on this message board, sometimes 4 or 5 times a day for a year now is really sad. For your own pride, just go and get involved with something else.
They'll be more information soon, but the company has several options to become liquid including merging with a current public company, or being purchased by a publicly traded company. BnetTV is aiming for first quarter 2011, mabye sooner, maybe later.
Remember, this is all these guys are working towards, and the management team at BnetTV doesn't get compensated unless they're successful in this endeavor. There is a very competent and highly motivated team working day and night towards making BnetTV (and your stake in BnetTV via EATR) worth real dollars.
This is not a 2 year plan-- this is all going down as we speak- corp lawyers, acquisition plans, due diligence reviews, private placement docs, audits, conversations with exchanges, etc. In the next few months they'll be little mystery to where this is all going. There's no guarantee of success, but it seems they're putting themselves in the position they need to be right now.
good question, let me see if I can find answers for you... I'd assume until BnetTV has an attributable value, you won't see it listed on EATRs balance sheet.
If a market value is assessed to BnetTV as per an offering, etc-- I'd think that would reflect on the books at EATR. I think what will drive PPS is what people see happening with BnetTV. BnetTV has a very good opportunity to achieve the goals they set for themselves at inception.
I think EATR is doing the right thing, concentrating on what will bring value to their shareholders. Most importantly they're proving their willingness to give BnetTV to the shareholders-- and not sell their stake, and squander it on themselves with salaries, etc. The insiders at EATR have passed up on taking the dividends.
BnetTV is a seperate entity mind you, and they are working 24/7 to develop themselves into a highly profitable international media company.
I do not work for BnetTV, but I speak to the company and I do have some answers that I'm happy to share with you. Don't listen to "Batting", he lost his money in PROM Resources, and he's blaming Winmax / EATR for his loss (don't ask). Since there's no real message board at PROM for him to vent his anger, he's here. He's never owned shares of EATR or WNMX. He spent 3 months claiming Eastern Asteria would never give a divy. Now he's claiming the divy is worthless, meaning BnetTV is worthless. Guess who knows more about the company?
BnetTV will be releasing information regarding management, acquisition strategy, business plan, etc in the near future. They have wall street companies advising them as well as several white shoe, park avenue law firms. I do believe they a very good chance of being successful.
You ask for it, you got it: **UPDATE**
Much bigger update coming in the next week or two. Eastern Asteria and BnetTV have been busy at work. As I said a few months ago, the dividend would happen and it did. It shows the company's willingness to give the shareholders back the stake in BnetTV. A commitment they intend to see through- this was just a taste. In one form or another, EATR is going to give their loyal shareholders the rewards coming from bnetTV. And yes it will be worth the wait.
With over a 35% stake in BnetTV-- Eastern Asteria and their shareholders stand to do very well when BnetTV makes their big move. Remember, this company BnetTV is 10 yrs in the making. The value of EATR, because of their ownership stake in Bnet is directly correlated to the value of BnetTV.
BnetTV, which all of us now own a stake in, is working to be a liquid, publicly traded stock on the NYSE in the next 6 months. This is no easy task, and BnetTV has some of the brightest minds working towards this goal. As BnetTV's value becomes more evident, Eastern Asteria will most likely decide to repurchase their shares and take a bigger stake in BnetTV.
Accusations that the company is running the stock to sell it are unfounded. No new stock has been issued- the float is the same. There is no insider stock that is available for sale. Anyway, why would an insider dump shares at these prices (when they're not issuing new ones), which would diminish their stake in BnetTV which is worth 10 fold the current trading price of EATR? Soon to be 20 fold, maybe 50 fold. If anything, as BnetTV's value becomes more transparent, they will be looking to buy the stock, not sell it.
Remember, this is no easy time for BnetTV. BnetTV is covering mobile events all around the world. Working on acquisitions, private placement memorandums, compliance questions, etc- all has to coincide with them running a company day to day. This is why, it has taken a little time. There will be some very cool announcements coming from BnetTV shortly. I will have a very good update for you guys soon.... For all you naysayers that swore that there would be no dividend, pls- go away now. This fall will be filled with very good news about BnetTV, and I'm going to bring it to you. Don't worry about EATR's stock price. If you own EATR, you'll own BnetTV, and that will more then make up for the current share price.