World Golf League

[backaway]

Just when you think this POS couldn't get uglier news came out on EDGAR that Pagnano is going to raise the O/S from 2 billion to 10 billion and then slap on a reverse split!!! Jeeze!

[ddpguru]

What's with the low volume today?

[Chadman]

FYI-FWIW...I sent Pagnano another e-mail, not so nice this time, asking about the network contract "progress". As you may recall, he had essentially promised a deal announcement twice over the past months, and nothing happened. He now says a deal will be done in September.

And so it goes.

[backaway]

Saw the volume so far today and wondered that too! We bagholders can only hope after all this time. My sig line came from investing in this shady POS.

[ScovilleUnits]

What's Up?

.001?

[Mackie]

Did these guys really just authorize 10 Billion shares? I am going to do some D&D on this company just cause I love golf, but jeez, why invest with those types of numbers.

Any comments?

[Chadman]

The World Golf League to Change Name
July 17, 2006 - 4:12 PM EDT

The World Golf League, Inc. (OTCBB: WGFL) announced today that it will change its name to WGL Holdings, Inc. in order to better reflect its new business model. WGL Holdings will be the parent for WGL Entertainment, the producer of the WGL Million Dollar Shootout Reality Television Series (MDSO) and will also seek to acquire entertainment and production properties that complement its business model. The WGL also announced that it does not expect to effect a reverse merger as previously stated in its 14A filing and has amended such in a new 14C filing.

"We are moving forward with our new vision of becoming the premier producer of sports entertainment projects," said Mike Pagnano, CEO of The WGL, Inc. "Also, we expect to close several markets for the MDSO very shortly for late summer and early fall airings. Additionally, Hot Days & Hot Nights is still slated for a fall production shoot."

The WGL produces through its wholly owned subsidiary, WGL Entertainment, the WGL Million Dollar Shootout Reality Television Series and plans several other sports entertainment products.

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. Other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. The Company takes no obligation to update or correct forward-looking statements.

Source: Market Wire (July 17, 2006 - 4:12 PM EDT)

News by QuoteMedia
www.quotemedia.com

[Pennybuster]

ROTFL.. OK :D

[mkinhaw]

PB SARCASM lol
hehehe
MK

[Pennybuster]

you like it????? how come????

[mkinhaw]

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4273798
nice
MK

[backaway]

Yep, I too, think it's basically a lost cause here after all this time.

Damn, if the premise didn't sound good for the initial investment but so goes the risk in investing in "pinks". At least WGFL wiil be useful come next years taxes.

One thing for sure is that WGFL taught me the lesson on doing serious DD.... and that particular shady names like Pagnano will be noted and sifted. Whatever.

I'll hold this pos. and "faith" till December!

[Chadman]

Well, still no response from Pagnano. I've about given up hope here...

[Chadman]

Can somebody explain the ramifications of this information?

http://app.quotemedia.com/quotetools/showFilingOutline.go?symbol=WGFL&name=World%20Golf%20League...

Seems to me that Mr. Pagnano is more interested in his benefits than the promised network contract over the past couple of months. Getting pretty discouraged at this point.

[Chadman]

July 5, and still no return communication from Pagnano. Just keeping the board informed, which is more than our company is doing...

[Chadman]

Unfortunately, no return e-mail from Pagnano in my follow up to his comment of a deal being in place by the end of this month. At this point, it appears not to be happening on his revised timetable. This, obviously, is a disappointment - but not totally unexpected. Maybe he is in last minute negotiations...lol.

Everyone have a nice holiday weekend. I am getting completely away from the computer and going to spend it at a cabin, boating, fishing, and having a great time.

Good luck to us moving forward...I think we may need it. Cheers!

[Chadman]

2 Days until the revised deadline for a contract passes. And so it goes.

[Chadman]

Sorry for my mini-rant there...just re-read it and it sure sounded harsh. I have to remember to stay off the boards after drinking...lol, sorry.

Just interested in the past, as I don't have long-time experience here and I know that others - like you - have that experience. I welcome details and experience, even in gambling on these stocks. Thanks for your input.

[ScovilleUnits]

Ooppps, Sorry.

Wasn’t my intent to suggest that anyone on the investor side is full of crap. In fact, if there is a dumb investor award looks like I win.

Don’t understand your reference to sharing? Nothing tricky, I simply gambled a few years ago too and never sold. Again, I get the dumb investor award.

Funny thing about the sun coming up every morning, it brings about hope and new opportunities for both the Investor and the Company. Here’s to hoping that the two aren’t so lopsided this time around and that the investor actually makes money too. Heck, while we're at it may as well give hopes that all the prior "winners" finally get paid their prize money too.

GLTA

[Chadman]

Ok, then, I am obviously full of crap in thinking there is anything happening here, based on your assessment. Are you still a shareholder? If so, why? If not, why are you posting here? This is purely a gamble for me, and if I lose, so be it. Did the group have the people signed on board then that they do now? Did they actually have a video posted then showing the production, like they do now?

I fully expect anything here...and would like to hear your thoughts and experiences if you care to share.

[ScovilleUnits]

If you do get chosen to play in the next "$1,000,000 Shoot-Out" you might want to simply do so for the fun and experience of it. Just make sure that they pay for your transportation, room, food, green fees, etc., up front in realtime so you don't get stuck with the bill.

Per the last 10Q (about 2/3 the way down)

<<<WE ARE IN DEFAULT ON NOTES THAT WE ISSUED TO THE WINNERS OF THE 2001 WORLD GOLF
LEAGUE NATIONAL TOURNAMENT.

We entered into a Stipulated Injunction with the State of Florida, Office
of the Attorney General in July 2003, regarding a settlement of our unpaid
obligation to the winners of the 2001 World Golf League National Tournament.
During the fiscal year ended December 31, 2003, we executed notes payable to the
winners of the 2001 World Golf League National Tournament for an aggregate of
$300,000 bearing interest at 5% per annum. The notes became due in September
2004, and the remaining balance owed as of March 31, 2006 of $280,081 is in
default. As discussed under the heading "Legal Proceedings," an individual has
sued us alleging that they are one of the winners of the 2001 World Golf League
National Tournament holding one of the notes which is in default in the amount

<PAGE>

of $22,500, and such individual has obtained a default judgment against us in
the amount of $22,500. Other plaintiffs may file lawsuits against us regarding
the notes. If this plaintiff, or other plaintiffs who may sue us, are successful
on the merits of their cases, it could have a material adverse effect on our
financial condition, liquidity and results of operations.>>>

Seems to me that it might be difficult to find a buyer to back the promo and airing of a $1,000,000 contest when prior contest winners are suing for never having been paid their prize money?

GLTA.

(I did notice your prior two posts, within 30-days and then end of the month. Heck, I've been waiting since the Fall of 2002...ROFLMAO)

[Chadman]

They have not contacted me about my interest yet...lol. I doubt they will. I kind of did it more to see if they really WERE going to have a year two...I figured a response might signal future riches in share price - but I didn't expect it.

To be technical, we have three trading days to announce a deal before Mr. Pagnano's revised time estimate of a deal becomes a miss. I was fine with his revised deadline to the end of the month, but if that falls through, I will get pretty sceptical about this gamble. Still hoping. Just seems like a lot of names and effort into something that is not real, and always has. Will know soon enough, I guess.

[ScovilleUnits]

Chadmn, hope you make 9 hole-in-ones and in up with an 18 hole score of 27.

[Chadman]

Just signed up to try to be on year 2's show...lol. Maybe I can make my second million in the competition after the first million hits after a healthy televised season one, eh? Hopefully we hear in the next week of a contract.

The 5 minute video promo is actually pretty good. It looks like it would be worthy of some interest. Check it out if you are bored...on the Web site. They seem to be missing any really hot female golfers, which I think is really missing the boat. Not to be sexist, but hey, business is business.

[Chadman]

Return e-mail this AM said that the company will have a deal this month. I can live with that...negotiations can take longer than expected. If it goes past that, I will probably have to become more disappointed and sceptical. For now, I will continue to root for us.

[Chadman]

I e-mailed Pagnano on Friday, asking about progress on a network deal, which would have been a month out from his comment of "in a month." Have not heard back from him, not sure if that is good or bad.

[Chadman]

Welp...time is near for an announcement on a network distribution contract. Should be this week, if Mr. Magnano is on target with his info.

Would love to see a Tuesday or Wednesday New Release this week, right before the U.S. Open. Timing is everything, isn't it?

[Chadman]

Thanks for posting this, skipdeez. That all seems like really positive news to me. If this is as good as it sounds, and they follow this with the promised news of a distribution contract by the middle of this month, this one has to go up.

Still holding and dreaming here.

[skipdeez]

The WGL Closes $3.2 Million Financing Package
Jun 7, 2006 5:20:00 PM
ORLANDO, FL -- (MARKET WIRE) -- 06/07/06 -- The World Golf League, Inc. (OTCBB: WGFL) announced today that it has closed a $3.2 Million financing package with DLC Capital of Freehold, New Jersey. The deal calls for DLC Capital to issue The WGL a four hundred thousand dollar note at 10% interest per annum and purchase seven hundred million warrants at .004 or $2,800,000. The warrants are convertible into WGL common shares over a three year period. The WGL also announced that it will retire the Golden Gate Investors Convertible Debenture which came due June 4, 2006.

"Our new financing package provides us with funding options which are far superior then those we had in the past," said Mike Pagnano, CEO The World Golf League, Inc. "The sale of warrants will be at our sole discretion and at a price which is significantly better than the current market value of our common shares. It is a testament to our new business model and the potential revenue to be generated from the WGL Million Dollar Shootout, as well as future WGL Entertainment productions, which allow DLC Capital to be so optimistic about the future of The WGL, Inc. The WGL Million Dollar Shootout Reality Series is close to finalizing several distribution deals in the United States, Canada, Europe and Asia. Also, WGL Entertainment has committed to produce it's new Reality Series, 'Hot Day's & Hot Night's' which will go into production in the fall of 2006."

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 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.

For more information contact:

Michael Pagnano
The WGL, Inc.
1-888-331-6272

----

gap and run on the news tomorrow? I'm not in this, just saw the news and thought I would post...

[backaway]

OT for grins: How did Klinger say it? "If I had a dog with a face as ugly as WGFL management I'd shave his butt and teach him to walk backwards!" LOL

I'm also afraid SOL applies on this one but... miracles sometimes happen. WE wait.

[ScovilleUnits]

I guess it's better than a 1-4 R/S?

[Chadman]

2. To amend the Company's certificate of incorporation to increase the number of authorized shares of common stock, par value $0.01 per share (the "Common Stock"), of the Company from 2,500,000,000 shares to 10,000,000,000 shares.

That is a lotta shares...lol. Is this the normal request for a company that has no cash and is preparing to move forward strongly with a new network deal? Maybe. I'm unfamiliar with early stage hopeful companies.

4. To adopt the Company's 2006 Equity Incentive Plan.

Anyone have any info on what this is?

[ScovilleUnits]

:o(



http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4211935

TO THE STOCKHOLDERS OF THE WORLD GOLF LEAGUE, INC.

NOTICE IS HEREBY GIVEN that a Special Meeting of Stockholders (the "Meeting") of The World Golf League, Inc., a Delaware corporation (the "Company" or "World Golf"), will be held at * (New York time), on *, 2006 at *, for the following purposes:

1. To amend the Company's certificate of incorporation to change the Company's name from The World Golf League, Inc. to WGL, Inc;

2. To amend the Company's certificate of incorporation to increase the number of authorized shares of common stock, par value $0.01 per share (the "Common Stock"), of the Company from 2,500,000,000 shares to 10,000,000,000 shares;

3. To ratify the selection of Malone & Bailey PC as our independent registered public accounting firm for the fiscal year ending December 31, 2006;

4. To adopt the Company's 2006 Equity Incentive Plan; and

5. To transact such other business as may properly come before the Meeting and any adjournment or postponement thereof.

[stockguy8282]

Thanks for the response, and yes I believe as well things should work out for all of us this month, but then again like you said anythign is possible. But it seems like he does have somethign very good here, so I am excitied to see what happens in the near future.

[Chadman]

I honestly don't know. I'm hopeful, but know that anything is possible with investments at this level. I'm impressed that Pagnano is quick and direct with his responses to my e-mails, and everything certainly seems to be in good order for having a nice business and opportunity here. I've been told a lot more and seen a lot less in other companies, I know that.

It's a gamble for me here, always has been. I'd rather gamble on something that makes sense in ways like this one does, than in some other things. I like investing in areas of interest - and golf is probably tops on my list.

But, I guess we'll know a lot more by mid-month, either good or bad. I hope the business is better than my own golf game this year...lol.

[stockguy8282]

30 days is coming up fast chadman, do you think it is still going to happen?

[Chadman]

Well, that does not seem like a bad thing to me, at novice face value. If what Magnano reported to me is correct, the timing of having some cash on hand would be important. If they announce a decent network contract in the coming couple of weeks, they should promote the heck out of it...with real money in real places.

Thanks for the input/guidance. Still holding my candle for this one.

[ScovilleUnits]

Chadman,


Here are Knobias.com brief on it. Got someone to loan em money at .004/share.


WGFL: Announces $400K PIPE: 10% Conv Notes + Warrants

Thursday , May 25, 2006 15:06 ET

World Golf League, Inc. (OTCBB: WGFL) announced that it and DLC Capital Group, LLC ("DLC") entered into a Securities Purchase Agreement dated as of May 18, 2006, whereby the Company agreed to sell an aggregate of $400,000 in convertible notes and up to 700,000,000 warrants to purchase shares of the Company's common stock at an exercise price of $0.004. At the Closing, the Company sold DLC a Convertible Note in the principal amount of $145,000 and a Stock Purchase Warrant to purchase an aggregate of 253,750,000 shares of common stock at an exercise price of $0.004 per share.

(I know what you mean about the headache)

[Chadman]

scoville, reading all of those forms really gives me a headache. Does that appear to be as much dilution as I think it is, or am I missing the point of the filing with my quick review? What do you make of this?

[ScovilleUnits]

Unbelievable!!


http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4191158

[ScovilleUnits]

The 10Q was submitted this afternoon.


http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4183466

GLTA

[mityduk]

Thanks Chad

[Chadman]

Deal in place in 30 days...

For what it is worth, I e-mailed Mike Pagnano earlier today and asked him if there had been any progress since last report on network negotiations. He e-mailed me back and said:

"We will have our deal in place within 30 days."

I asked him if he minded if I posted this here, and he said sure, any good news helps. I thought that was a good sign.

Take this however you like. He has always answered my e-mails quickly and on point. We'll see how it shakes out...hopeful what he said is true - could make for an interesting few months ahead if so.

Good luck to all.

[shakerzzz]

dip back ughhhhhhhhh

[ScovilleUnits]

NOTIFICATION OF LATE FILING


http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4165469

[MrWolf]

i´m in at .001
GO WGFL !!!

[shakerzzz]

boooooooooooooooooooooooooom

[Chadman]

Seems to be based on an unverified rumor of a PGA association. I'll believe that - and anything else positive - when I see it. Very hopeful, of course.

[Jo4321]

Go over to the thread on Allstocks.com

hey're estimating a big EOD run possibly to .0022 or so and gap on Monday.

Jo

[ScovilleUnits]

You got me?