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Didn't they pull this mainly because PAX was filing bankruptcy, or at least having financial trouble? Which makes some sense to me. I welcome info on this, not accusing anyone. Thanks for the info.
Sorry for butting in.
And, I have no desire to go back years. But, thinking this is a clean recent example.
<<<The MDSO is scheduled to air on the PAX Television Network at 7PM EST/PST and 6PM CST/MST beginning January 23, 2006, and continue for seven weeks.>>>
They said it was a done deal!
http://www.knobias.com/individual/public/news.htm?eid=3.1.9756bd529c5ff74fb5d79e3aaac63ee8e9697a356b...
backaway, could you share your info with me regarding how management was shady? Are there past posts somewhere? Or something tangible I can read? I don't doubt your comment, just trying to become informed.
What you say may be true. However, it appears they had the show sold and the network in question was the problem. Having something of this magnitude already produced, packaged and prepared, with the alliances they have in hand, makes this a probable positive opportunity. I am not a pumper, just seems like everything is in place at a very good time.
Just looking for a bounce off of the EMA60 (nice PR would help that)--not looking for a long term hold. GLTA
My condolences on dumping $$ here. This co. has a product already filmed and ready but can't sell it due to the fact management has been beyond shady for years. Unless a friggin miracle occurs SOON this a total scam. Get out if you can without too big a loss.
Hey guys and gals--new to the board. Took some of my profits from ADZR and rolled them into WGFL--hope it rubs off on it! GLTA
Doug
That sounds really good. I am especially jazzed about Madalay Entertainment handling a lot of the responsibilities. I don't think for one second that that entity would be hanging with low-rent possibilities.
Again, I don't see retiring on this, but I certainly think some nice money could be made within the next year. Very sensible and solid info here.
Nice update from WGFL Press release today. We could be getting some really great news, according to the release in the next month. It does take time to close deals, so I'm willing to wait for the big news:
WGL Million Dollar Shootout Big Hit at PGA Merchandise Show
Thursday February 2, 7:00 am ET
ORLANDO, FL--(MARKET WIRE)--Feb 2, 2006 -- The World Golf League, Inc. (OTC BB:WGFL.OB - News) announced today that its Reality Television Series "WGL Million Dollar Shootout" (MDSO) was one of the more popular exhibits among the thousands of attendees and exhibitors at last week's PGA Merchandise Show in Orlando, Florida. In fact, WGL entertainment distributed over one thousand sneak preview DVDs and hundreds of sponsor packages. Interest was especially high among equipment, apparel and media companies who viewed the MDSO as an outstanding sponsor opportunity.
ADVERTISEMENT
"This was the single most exposure to potential sponsors the MDSO has had since we completed filming last October," said Mike Pagnano, CEO The World Golf League, Inc. "The next month will be very busy for WGL Entertainment as we finalize our distribution plans for the MDSO and align the major sponsors which will make the MDSO so attractive to our media partners and distribution channels. In addition, the MDSO was presented to several television executives and distributors at last week's NAPTE (National Association of Programming Television Executives) convention in Las Vegas, Nevada. Mandalay Entertainment represented the MDSO at the convention and will work in tandem with WGL Entertainment to achieve the above mentioned objectives."
The World Golf League, 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 2006.
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
The WGL Inc.
1-888-331-6272
--------------------------------------------------------------------------------
Source: The World Golf League, Inc.
Any buzz about the show? I looked for it on the Golf Channel, to see if I could catch a glimpse of our baby. Didn't see anything.
WGFL off reg sho list today, http://www.buyins.net/tools/short_list.php?dys=-1
That is good news, so with some network/sponsor news, we are free to move up.
Good thoughts. The timing is good for this to all come together. The good thing about this show is that thanks to The Big Break, it can provide interest at times different from professional events. With the ridiculous reality shows that have succeeded, this one could do ok.
Honestly, and sexistly, I watched most of the Big Break women's golf show but not the other one. I live in Minnesota, and being able to watch women with great legs play golf definitely held my interest.
Looking forward to the new one, too...lol.
It's not Sunday, but "let us pray" these guys can sell a golf show comparable to the "Big Break" that's a gigantic hit. The MDSO is already filmed and ready to air. We can only hope some positive and, most importantly, DEFINATIVE pr comes out of the conventions towards that end. The longer we languish wondering why the MDSO can't interest ANY new sponsor/network ( PAX was a loser from day one and good riddance! ) bodes towards absolute pessimism if this company won't continue the bleak downward trend to a total loss.
Yeah, this post is not on a positive note but I'll venture to say all the typical "little" investors like myself are realistically worried.
I invested on optimism but I don't feel I'm alone on beginning to lose faith as such a great idea keeps trending towards grim.
We shall see if the adage "don't invest if you can't afford to lose all your $$" applies.
Whatever....
All that is needed is sponsorships of the MDSO and Network contract(s) as a result of this weeks PGA, and NAPTE conventions. The shares registered back in December have not been entered into the market according to the latest SEC filing on 1/18/2006.
The securities registered are precautionary just in case there aren't any contracts for the MDSO, thus creating no income for the WGFL, thus causing debentures to be in default, thus causing the WGFL to pay the default debentures by issuing shares in June 2006 as the contracts will reach the payback deadline.
I've put my cash on the WGL and I'm letting it ride. I believe very strongly that contracts will present themselves to the WGL as a result of this weeks two conventions being held.
Should be some anticipation I would think as to picking up multiple sponsors at the PGA convention, and a network or two(Domestic and Foreign) at the NAPTE IMHO.
Europe would sure like the MDSO too I believe.
NAPTE Registration For CEO Mike Pagnano of WGL.
http://www.natpe.org/memberresources/natpedirectory/people/search/process
Pga Convention WGFL booth no and link: http://www.pgamerchandiseshow.com/app/homepage.cfm?moduleid=1178&linkid=9150&LocParam=Detail...
New High of Day. .0014 and it doesn't look to be finished. Nice, strong bid looks to be building behind the .0014.
WGL Entertainment Negotiating Several Distribution Deals
ORLANDO, FL, Jan 24, 2006 (MARKET WIRE via COMTEX) -- The World Golf League, Inc. (OTC BB: WGFL) announced today that its wholly owned subsidiary, WGL Entertainment is negotiating several network distribution deals for its Million Dollar Shootout Reality Television Series (MDSO). They include a traditional major network partner and domestic syndication into 150+ local television markets, as well as a WEB portal broadcast partner such as AOL, MSN or Yahoo. WGL Entertainment will also be well represented at this week's NAPTE convention in Las Vegas, Nevada (National Association of Programming Television Executives) where thousands of program buyers from all over the world will be searching for content for their network and cable outlets. In addition, WGL Entertainment will be showcasing the MDSO and other productions at the PGA National Convention in Orlando, Florida, January 26 through 29, 2006, where hundreds of potential sponsors will be will be in attendance.
Big News Today: WGL Entertainment Negotiating Several Distribution Deals
Tuesday January 24, 7:00 am ET
ORLANDO, FL--(MARKET WIRE)--Jan 24, 2006 -- The World Golf League, Inc. (OTC BB:WGFL.OB - News) announced today that its wholly owned subsidiary, WGL Entertainment is negotiating several network distribution deals for its Million Dollar Shootout Reality Television Series (MDSO). They include a traditional major network partner and domestic syndication into 150+ local television markets, as well as a WEB portal broadcast partner such as AOL, MSN or Yahoo. WGL Entertainment will also be well represented at this week's NAPTE convention in Las Vegas, Nevada (National Association of Programming Television Executives) where thousands of program buyers from all over the world will be searching for content for their network and cable outlets. In addition, WGL Entertainment will be showcasing the MDSO and other productions at the PGA National Convention in Orlando, Florida, January 26 through 29, 2006, where hundreds of potential sponsors will be will be in attendance.
ADVERTISEMENT
"We are making significant progress toward the distribution and airing of the MDSO on a global basis and the inclusion of joint venture partners to maximize and diversify the revenue stream and visibility of the MDSO, and future productions," said Mike Pagnano, CEO, The World Golf League, Inc. "We expect to have several platforms in place within the next forty five day's and look forward to a spring premier of the MDSO as the national golf season gets into full swing."
The World Golf League, 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 2006.
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
The WGL Inc.
1-888-331-6272
If everything falls into place, I can honestly see this really moving IMHO. I have high hopes for this and believe that this will succeed over time. I'm holding and waiting to see what happens. I believe that a reality golf show that has a prize of 1 Million Dollars to the winners, sounds awesome. A lot better than an ice skating reality show, that's for sure.
What does this mean, in the big picture? I mean, manipulation of price, etc., is not a concern for me, really, at lower levels. Do you think that if things fall into place, this should move in a decent manner, or will this be a real problem and prohibit movement?
Jan 19, 2006 (M2 PRESSWIRE via COMTEX) -- www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold lists: TRM Corporation (TRMM), Uroplasty, Inc. (UPI), World Golf League, Inc. (WGFL), New York Health Care, Inc. (BBAL), Blue Wireless & Data, Inc. (OTCBB: BWDIE). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to http://buyins.net/squeezetrigger.pdf.
World Golf League, Inc. (WGFL) markets Play for Pay' concept directly and through licensees in the United States and internationally. The company, through its Play for Pay' concept, enables amateur golfers to compete in various golf tournaments. It markets its concept directly and through wholesale providers. The company also sells memberships for the members to participate in a WGL qualifying golf tournament. The World Golf League was incorporated in 1998 and is based in Longwood, Florida. With 1.18 billion shares outstanding and an undisclosed short position, there is a failure to deliver in shares of WGFL.
I know very little about television and production. Is this a common way to go about things - to actually produce the product prior to having a contract or agreement? Or, is this just gloss after pulling this away from PAX - when in actuality, they were left holding the bag. An attractive bag, yes, but you get my question.
WGL Puts Million Dollar Golf Action on the Market
Seven Episode Golf Reality Series Previously Set to Air on PAX Plays for Broader Audience; Celebrities, Pro Golfers, Creative Competition and High Quality Production Make Strong Prospect for Broadcast Partners
ORLANDO, FL -- (MARKET WIRE) -- 01/09/06 -- With a high-quality, seven-episode series of 22 competitors, veteran actor/popular ballroom dancer/passionate golfer John O'Hurley as host and a group of golf pros guiding the way to $1 million, The World Golf League, Inc.'s (OTC BB: WGFL) Million Dollar Shootout is in discussions with a variety of networks as a potential broadcast home for the property.
The reality series, which was previously scheduled to begin airing on PAX TV on January 23, has so impressed its producers and industry partners, that WGL has come to a mutual agreement with Paxson Communications, the owner of PAX releasing WGL from further obligations allowing WGL to market the MDSO to other Networks for airing and distribution.
Mandalay Sports Action Entertainment (MSAE, part of the Mandalay Entertainment Group) is collaborating with WGL Entertainment, the creator/producer of the MDSO Series, on outreach for distribution and in the marketing of the unique property.
The MDSO was shot over five days at the fabulous 2,300-acre Reunion Resort in Orlando, Florida. Hosted by veteran actor and passionate golfer John O'Hurley, the event began with 22 amateur players from throughout the country competing in a skills challenge judged by MDSO team captains. Following the skills competition, two competitors were eliminated as the five captains each selected a 4-player team to compete over the next five days for a shot at the $1 million grand prize. An added element of the competition was the occasional availability of "lifelines." PGA Tour Stars Fred Funk and Mark Calcavecchia, LPGA players Cristie Kerr, Carin Koch and Bernadette Luse and the Big Breaks' Don Donatello provided this support.
"We are approaching several major networks for potential licensing agreements," said Mike Pagnano, CEO of The World Golf League, Inc. "With the MDSO already complete and its production and entertainment value being consistent with network quality broadcasts, it only makes sense that we pursue this outlet for the airing and distribution of the MDSO. In addition, we will also market the international licensing rights to network outlets in Canada, United Kingdom, Japan, Australia and South Africa."
"When Mike first approached us with his concept of blending multiple hot entertainment audience spaces -- reality competition and pro golf -- we knew that it had the potential to be something new and exciting for network television," said David Salzberg, President of MSAE. "The involvement of some of the PGA and LPGA's top talent with an intriguing group of competitors and John O'Hurley make it -- pardon the pun -- a hole in one as far as the viewers and sponsors are concerned."
The World Golf League, 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 2006.
Contact:
Michael Pagnano
The WGL Inc.
1-888-331-6272
Buy Confirmed today:
http://www.americanbulls.com/StockPage.asp?CompanyTicker=WGFL&MarketTicker=OTC&TYP=S
Has anyone called Pagnano's number and inquired about the MDSO 5 minute Preview? I noticed that they still say that the MDSO is still coming in Jan.
I was not the one that posted this originally. Does anyone know what message board HSM is?
Wow, you did well. I'm surprised that a receptionist would be so forthcoming with contract and business information...not really a good thing, I don't think.
But good-sounding news, anyway.
From another board:
I have been a regular poster on HSM since Sept 2005 and have followed this board pretty close since then. This is my first post. I posted this on HSM yesterday:
Just called down to WGFL headquarters to get some info. I decided to try and pump some information out of the receptionist rather than getting a standard line of useless pump from the IR rep or CEO. Anyways she told me that they were advised not to air the show on PAX because the networks would then never buy the show from them. They are now shopping the show to sell to a network. I asked if I would be able to watch it locally and she said definitely - I confirmed that she meant that they were not pursuing an international network and she said they were not. I asked her what the timeframe was and she said "within 30 days". Hopefully we will hear some good news soon.
It makes no sense whatsoever for the WGL to stop payment to PAX since PAX guaranteed that they would show the MDSO according the the 8-K unless..... The only sense that it possibly makes to me is that they have another buyer who is willing to pay a better price lined up in their pocket.
There are much larger TV networks out there that are not in such financial peril as PAX/I TV currently is in. My guess is that a TV Network possibly has told WGL to snuff PAX and the new network would pay them more.
The footage has been taped before the WGL stopped paying PAX, so the WGL and other networks must have seen the footage IMHO. I believe that a new PR may be coming out anytime.
What degree of RED would that be?
It's already brownish red. Brownish you ask? Don't, you don't want to know...it ain't purty.
Bass Turds!!!!
Chad,Buy when there is blood in the streets. That's hard to do sometimes, but much better than buying at the top of a rocket. I really like the potential here. My first buy was at .0034, so this is a bargain. I have trippled down, and I think when they sign with a national network, it will rocket so fast, none of us will be able to breathe, much less hit the sell button!
I have thrown as much money as I care to lose at this stock. I had a terrible day with my portfolio...hoping tomorrow comes back a little bit. Congrats to those who could average down. Seems like a bargain to me, although speculative, of course.
Peaser, After I saw the sneak preview you posted, I decided to pick up more shares today. I dont have as many as you do, but I have enough. Can't wait till some nice network picks up this program.
WOW, we may actually break 40 million in volume today. The volume here has been picking up over the last three days.
YW. Did anyone pick up any more today? I got lucky and picked up a few million more at .0011. I couldn't believe it. Cost average is .0012 now.
Thanks for that link Peaser! Awesome sneak preview. GLTA longs!
Paxson plans to clear out, restart debt
Friday December 2, 4:38 pm ET
In a pair of related financial moves, Paxson Communications Corp. has offered cash for all three issues of its outstanding debt and has disclosed its plans to offer more debt.
The first disclosure from the West Palm Beach-based television broadcaster covers $365 million in outstanding principal of senior secured floating rate notes due 2010, $496.3 million in outstanding principal at maturity of its 12.25 percent senior subordinated discount notes due 2009 and $200 million in outstanding principal of 10.75 percent senior subordinated notes due 2008.
Payment, Paxson (AMEX: PAX - News) said, would be:
$1,002.50 for each $1,000 in principal of the secured notes $1,059.50 for each $1,000 in principal at maturity of the discount notes $1,056.25 for each $1,000 in principal of the subordinated notes
In each case, Paxson said it would pay $20 per $1,000 in principal amount (or, for the discount notes, principal at maturity) to holders who validly tender their notes and deliver their consents before the consent expiration date.
Consents are necessary because Paxson's offer includes amendments that would eliminate substantially all of the debt's principal restrictive covenants and also amend certain other provisions.
The consent expiration date is 5 p.m., Dec. 14. The tender offer is to expire at midnight, Dec. 29.
Holders who tender their notes after the consent expiration date would receive less money:
$982.50 for each $1,000 in principal for the secured notes $1,039.50 for each $1,000 in principal at maturity for the discount notes $1,036.25 for each $1,000 in principal for the subordinated notes
Citigroup Corporate and Investment Banking is dealer manager and solicitation agent for the tender offer and consent solicitation. The depositary for the tender offer is Global Bondholder Services Corp.
Paxson said it intends to fund the tender offer with proceeds from new debt.
That proposed debt is $700 million in total principal of floating rate first priority senior secured notes due 2012 and $430 million in total principal of floating rate second priority senior secured notes due 2013.
Shares closed unchanged at 95 cents. The 52-week high was $2.15 on Jan. 6. The 52-week low was 37 cents on Nov. 2.
Published December 2, 2005 by the South Florida Business Journal
A Bunch of Liars.
Nothing but a bunch of Bass Turds.
Sneak Preview of The Million Dollar ShootOut:
http://www.wglmilliondollarshootout.com/showhighlights.html#
Welcome Aboard Chadman!
Ok, fellers. I have decided to jump in here. No risk, no reward, eh? I have to think with the celebrities and pros signed on, that some kind of solid network would sign on to show some of it, at least.
At any rate, I will be more prominently posting from now on...a definite member of the team now, as of 11:46 ET today. Good luck to all.
It's good to see that the WGFL dropped PAX. PAX probably didn't have enough financing to pay WGL IMO. PAX is in a debt restructuring proccess now anyway. Now that the filming of the MDSO is complete, it will be a heck of a lot easier selling it to a major network instead of trying to sell an idea.
WGL Puts Million Dollar Golf Action on the Market
Monday January 9, 7:00 am ET
Seven Episode Golf Reality Series Previously Set to Air on PAX Plays for Broader Audience; Celebrities, Pro Golfers, Creative Competition and High Quality Production Make Strong Prospect for Broadcast Partners
ORLANDO, FL--(MARKET WIRE)--Jan 9, 2006 -- With a high-quality, seven-episode series of 22 competitors, veteran actor/popular ballroom dancer/passionate golfer John O'Hurley as host and a group of golf pros guiding the way to $1 million, The World Golf League, Inc.'s (OTC BB:WGFL.OB - News) Million Dollar Shootout is in discussions with a variety of networks as a potential broadcast home for the property.
The reality series, which was previously scheduled to begin airing on PAX TV on January 23, has so impressed its producers and industry partners, that WGL has come to a mutual agreement with Paxson Communications, the owner of PAX releasing WGL from further obligations allowing WGL to market the MDSO to other Networks for airing and distribution.
Mandalay Sports Action Entertainment (MSAE, part of the Mandalay Entertainment Group) is collaborating with WGL Entertainment, the creator/producer of the MDSO Series, on outreach for distribution and in the marketing of the unique property.
The MDSO was shot over five days at the fabulous 2,300-acre Reunion Resort in Orlando, Florida. Hosted by veteran actor and passionate golfer John O'Hurley, the event began with 22 amateur players from throughout the country competing in a skills challenge judged by MDSO team captains. Following the skills competition, two competitors were eliminated as the five captains each selected a 4-player team to compete over the next five days for a shot at the $1 million grand prize. An added element of the competition was the occasional availability of "lifelines." PGA Tour Stars Fred Funk and Mark Calcavecchia, LPGA players Cristie Kerr, Carin Koch and Bernadette Luse and the Big Breaks' Don Donatello provided this support.
"We are approaching several major networks for potential licensing agreements," said Mike Pagnano, CEO of The World Golf League, Inc. "With the MDSO already complete and its production and entertainment value being consistent with network quality broadcasts, it only makes sense that we pursue this outlet for the airing and distribution of the MDSO. In addition, we will also market the international licensing rights to network outlets in Canada, United Kingdom, Japan, Australia and South Africa."
"When Mike first approached us with his concept of blending multiple hot entertainment audience spaces -- reality competition and pro golf -- we knew that it had the potential to be something new and exciting for network television," said David Salzberg, President of MSAE. "The involvement of some of the PGA and LPGA's top talent with an intriguing group of competitors and John O'Hurley make it -- pardon the pun -- a hole in one as far as the viewers and sponsors are concerned."
The World Golf League, 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 2006.
Contact:
Michael Pagnano
The WGL Inc.
1-888-331-6272
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