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Form 10KSB/A for BUCKEYE VENTURES, INC.
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22-Dec-2006
Annual Report
Item 7. Management's Discussion and Analysis or Plan of Operations.
Management's discussion and analysis of financial condition and results of operation should be read in conjunction with the consolidated financial statements and related notes.
RESULTS OF OPERATIONS
Year ended December 31, 2004 compared to year ended December 31, 2005
For the year ended December 31, 2004, net loss was $73,173. For the year ended December 31, 2005, net loss was $124,428.
Basic administrative expenses have remained constant over the past 3 years. Operating expenses have increased slightly due to increased marketing efforts regarding the motion picture 'Amy'. Losses in 2004 and 2005 are primarily attributable the issuance of common stock for services.
The operating revenue decrease of $17,675 (42%) from $42,254 in 2004 to $24,579 in 2005 resulted from less fee income received for production and distribution services. Non-operating income for 2005 was $962 due to interest income.
Operating costs and expenses decreased $535 (0%) from $149,677 in 2004 to $149,142 in 2005. The decrease in 2005 was due to a $15,500 reduction in the provision for doubtful accounts and a $19,158 reduction in stock based compensation offset partially by increases in other general and administrative expenses.
The Company has presented a consolidated balance sheet which includes four wholly-owned active subsidiaries: World Wide Inc., World Wide Productions Inc., World Wide Film & Television Institute, and World Wide Entertainment Inc. The Company's charter allows it to branch into diversified fields of enterprise provided management concludes there is a significant potential for profit. Since the primary business objective of the Company is to increase the value of its stockholders' equity, if and when opportunities arise to make profits for the corporation in a diversified industry, the Company shall investigate and if appropriate, pursue such opportunities. Until year end 2005, the motion picture and television segment of the Company's current or planned operations was the only segment material to the Company's financial statements or condition.
The Company's motion picture and television business participation strategy has primarily been to expend its resources and to set in place strategic relationships and contracts in preparation for the continued development, acquisitions, production and/or marketing/distribution of quality moderate budget feature length motion pictures, documentaries, docudramas and television productions. The strategy additionally includes the acquisition of screenplays and teleplays suitable for development/packaging and completed motion pictures and television projects for licensing and marketing/distribution opportunities for all applicable sales territories throughout the world. At such time that additional working capital is secured, it is the Motion Picture and Television Subsidiary's opinion that sufficient revenue will be generated by the existing film and television library and future distribution of potential new product, ultimately realizing its projected return on investment.
Previous arrangements for participation by the Company in various feature film and television productions effecting cost and revenue over the last 5 years include gross and net revenue participations in the following feature film and television productions ranging between 2-60% of worldwide revenue potential including all markets and all media that the particular production is distributed in.
(1) In 1997 and 1998, post production and distribution preparation of the documentary entitled THE OUTLAW TRAIL, 100 YEARS REVISITED, in association with Western Sunset Films, an 8-year old Los Angeles based documentary production company. (2) In 1998, development and production of the series television production entitled CLASSIC CAR, in association with SLIM, Inc., a 4-year old Los Angeles based television production company. (3) In 1999, the acquisition and preparation for marketing and distribution of the feature film entitled WHAT'S IN A COOKIE produced by production company Rocinante Productions Inc. and providing 50% of gross revenue participation to the Company in perpetuity. (4) In 2000, the acquisition and preparation for marketing and distribution of the feature films entitled MALEVOLENCE and THE SECOND COMING produced by production company Sig Larsen Productions Inc. and providing 50% of gross revenue participation to the Company in perpetuity. Other arrangements include preparation for Internet marketing and distribution of a feature length film acquired by the Company entitled CITIZEN SOLDIER originally produced by M&D Productions, a 7-year old Los Angeles based film production company, purchased by the Company in 1995 and providing a 60% gross revenue participation to the Company in perpetuity.
In 1998, all financing for the completion of the feature length production entitled SHATTERED ILLUSIONS featuring Morgan Fairchild, Bruce Weitz, Richard Lynch and Dan Monahan was secured and the production was completed. In 1999, the Company entered into an agreement with representative RGH/Lions Share Pictures Inc., a 15-year old, Los Angeles based distribution company for the purpose of conducting all foreign sales arrangements of the film.
In August, 1999, the Company entered into an agreement with Jaguar Entertainment Inc., a 12-year old Los Angeles based distribution company, for the purpose of marketing and distributing the feature length motion picture entitled NINTH STREET featuring Martin Sheen and Isaac Hayes to all domestic non-theatrical ancillary markets including home video, pay television, network television, satellite and DVD.
In August, 1999, the Company entered into an agreement with Rocinante Productions Inc., a 6 year old Los Angeles based production company, for the purpose of acquiring all of the right, title, and interest in the feature length motion picture entitled WHAT'S IN A COOKIE? The agreement also encompassed the acquisition by the Company of all foreign and domestic distribution rights to the film in perpetuity.
In August and September, 1999, the Company entered into an agreement with GTL Productions Inc., a 7-year old Omaha based production company for the purpose of acquiring the domestic and foreign marketing and distribution rights to a documentary series entitled ON THESE RUINS encompassing the titles of ANARTICA, THE GALAPOGOS ISLAND and EASTER ISLAND.
In June, 2000, the Company entered into an agreement for the development of an electronic commerce marketing arrangement with Pix Media Inc., a 2 year old Los Angeles based Internet company, for the purpose of providing a national and international e-commerce exploitation venue for various titles within the Company's completed film and television library.
Further, during fiscal year 2000 and in addition to continuing to exploit existing film and television projects such as the feature length films entitled "Shattered Illusions" and "Ninth Street", the Company negotiated and signed a North American Distribution contract on June 17, 2000, for the theatrical and ancillary exploitation of a full length feature film entitled "Amy". A domestic U.S. only, Distribution Agreement was executed with a sub-agent for First Motion Picture Inc. in Toronto, Ontario, Canada, on March 27, 2000, for the exploitation of ancillary rights to the full length feature film entitled "Jigsaw"; and on May 8, 2000, a domestic U.S. Distribution Agreement was executed with Praxis Entertainment Inc. in Dallas, Texas for the exploitation of ancillary rights to five full length feature films entitled "Flying Changes", "Winning Colors", "Shadow Dancer", "Trance", and "Corndog Man".
In February, 2001, the Company commenced theatrical marketing and distribution of the feature film entitled "Amy" with a Los Angeles premier of the film at the AMC Century City theaters, the MANN Westwood Cinema, the Loew's Cineplex, Beverly Center and throughout the Edwards theater circuit in Orange County, California. During the first and second quarters of 2001, the theatrical showings of the film continued with a rollout across the United States in cities including New York, Detroit, Seattle and Palm Springs.
In 2001, 2002, 2003, 2004 and 2005, certain other film and television participations of the Company included development and packaging arrangements, the Company's review and in certain cases, advice and counsel on screenplays and screenplay development scenarios for the subsequent possible packaging and production and distribution of a particular project. The most significant of these productions, their production companies, and percentage of future gross revenue allocated to the Company, were the feature length film entitled CORKLESBY offered by co-production company Northstar Entertainment Inc., a 4-year old Los Angeles based production company, (50%); and the feature length film entitled ALONG FOR THE RIDE offered by production company Wittman Productions Inc., a 4-year old Los Angeles based production company, (50%); the animated children's television show entitled "Skateboy" represented by U.S. syndicator Aristea Films.
GENERAL
Relative to the Company's desire for diversification and balanced cash flow, the Company and Buckeye Ventures Inc. ("Buckeye") and certain subsidiaries and shareholders of Buckeye have closed on the proposed Share Exchange (reverse acquisition) Agreement dated October 14, 2005, and reported in the Company's 8-K filed October 18, 2005. This transaction concluded on February 22, 2006, with pursuant agreements effective March 1, 2006, as reported in the Company's 8-K filed March 7, 2006. As a result, all of the shareholders of Buckeye exchanged their shares of Buckeye for more than eighty percent (80%) of the outstanding shares of the Company. Buckeye became a wholly owned subsidiary of the Company and the Buckeye shareholders became the controlling shareholders of the Company. The consistent revenues from the HVAC business with the occasional surge of revenue from a successful film projects should enhance the value of Company's shareholders investment.
Buckeye was formed by Alan Mintz and Larry Weinstein in June 2005 for the purpose of acquiring and operating businesses in the Heating Ventilation and Air Conditioning (HVAC) and plumbing industries. Buckeye's objective is to create a national brand for the consumer in their industry. Buckeye plans to acquire, integrate and grow these residential service companies using established systems and procedures to be carried out by an experienced management team. Buckeye believes that these low risk, high margin businesses will benefit from best practices and synergies of multiple locations nationwide with the potential to realize significant appreciation.
Buckeye acquired its first residential service location in Boston, which has approximately $4.7 million in revenues, and also has signed Letters of Intent to acquire additional companies and facilities. Negotiations are underway to acquire additional businesses in Phoenix, Tucson, Sacramento, San Francisco, San Diego, Las Vegas, Tampa and in Virginia with combined annual revenues in excess of $45 million. Buckeye has assembled a management team that includes experienced executives and operators in this industry, with years of combined experience on the management and operations side of large multi-location companies. The market for these residential HVAC and plumbing service businesses, while currently a very fragmented industry, is estimated to be a $50 billion dollar industry. The Company's plan is to seek to become a significant factor in the industry by providing many small and mid-sized local and regional operators with the opportunity to become part of a growing national conglomerate that is a public reporting company. Buckeye's management team has the expertise to consolidate its planned and future acquisitions and develop effective and cost efficient ways of working within its industry. Buckeye has devoted more than a year and a half developing the underlying model including the addition of key executives, securing early acquisitions and building strong industry relationships that puts Buckeye in a position for profitable growth.
The Company will continue its existing business as an independent subsidiary of Buckeye. The closing of the Share Exchange (reverse acquisition) follows the consummation of all due diligence procedures and shareholder approval, including written consent of shareholders representing 68.5% of outstanding shares. Regarding this transaction, the Company filed a 14F1 information statement on December 22, 2005, and a Definitive 14C information statement on January 27, 2006, which give further details of the plan of acquisition and were mailed to all shareholders of record on February 1, 2006. There were no dissenting shareholders.
In fiscal 2004 and 2005, the Company continued its involvement in a variety of film and television projects relative to development, acquisitions, packaging, production and marketing/distribution activities. The Company also continued to pursue potential diversified business opportunities that have cash flow possibilities such as the Share Exchange with Buckeye Ventures, Inc. Management believes that a film or television production's economic success is dependent upon several overlapping factors including general public appetite of a potential genre or performer at the time of release, domestic and international marketing philosophy, applicable usage of existing and new and emerging technology, advertising strategy with resultant penetration and the overall quality of the finished production. The Company's film and television productions may compete for sales with numerous independent and foreign productions as well as projects produced and distributed by a number of major domestic and foreign companies, many of which are units of conglomerate corporations with assets and resources substantially greater than the Company's.
Management of the Company believes that in recent years there has been an increase in competition in virtually all facets of the motion pictures and television business. Specifically, the motion picture industry competes with the internet and other forms of leisure-time entertainment. Since the Company may for certain undetermined markets and products distribute its product to all markets and media worldwide, it is not possible to determine how its business as a whole will be affected by these developments and accordingly, the resultant impact on the financial statements.
Subject to current market conditions, the Company has currently obtained or arranged for the investment capital to produce and/or distribute a minimum of four full length feature films or specialty television productions within the next two years. In addition to the development, financing, production, and distribution of motion picture and television product, the Company expects to continue to exploit a portion or portions of the Company's completed film and television library to a wide variety of distribution outlets including network television, cable television, satellite broadcast, pay-per-view, home video/DVD and internet exploitation sales. Specifically, live action motion pictures are generally licensed for broadcast on commercial television following limited or wide release distribution to theatrical outlets (theaters), home video/DVD and pay television. Licensing to commercial television is generally accomplished pursuant to agreements which allow a fixed number of telecasts over a prescribed period of time for a specified license fee. Television license fees vary widely, from several thousand to millions of dollars depending on the film or television production, the number of times it may be broadcast, whether it is licensed to a network or a local station and, with respect to local stations, whether the agreement provides for prime-time or off-time telecasting. Licensing to domestic and foreign television stations (syndication) is an important potential source of revenue for the Company, although in recent years the prices obtainable for individual film and television product in domestic syndication have declined as pay television licensing has grown. The growth of pay television and home video technologies, i.e. DVD (Digital Video Disk) and HDTV (High Definition television), has had an adverse affect on the fees obtainable from the licensing of film and television product to networks and local television stations, thereby potentially affecting the Company's ability to generate substantive revenue from this particular venue, however increasing revenue potential in other areas. Conversely, the Company may derive revenue from the marketing and sale, either directly or through licensees, of motion pictures and other filmed or videotaped product on videocassette or DVD for playback on a television set or monitor through the use of videocassette recorders ("VCRs"), DVD players and continued advancements of pay television (cable), satellite broadcast technologies,pay-per-view, and Internet applications domestically and internationally.
The Company currently holds the distribution rights to 314 motion picture and television titles. The revenue competition relative to existing or pending exploitation agreements of the Company's film and television product library and current and future production and distribution of projects is volatile due to the many technological and innovative changes in the industry and also changes regularly occurring in the international economy.
Because the commercial potential of individual motion pictures and television programming varies dramatically, and does not bear any relationship to their production, acquisition or marketing costs, it is impossible to predict or project a trend of the Company's income or loss. However, the likelihood of the Company reporting losses in the short term is increased by the industry's general method of accounting which requires the early recognition of the entire loss (through increased amortization) in instances where a motion picture or television program produced or acquired is not expected to recover the Company's investment. On the other hand, the profit from a successful film or television production is deferred and recognized over the entire period that revenues are generated by that motion picture or television program. This method of accounting may also result in significant fluctuations in reported income or loss, particularly on a quarterly basis, depending on the Company's release of product into the marketplace and overall domestic/international exploitation schedule and the performance of individual motion pictures or television programs.
The company's revenue is derived from a variety of sources. Currently the most substantial of these sources are its fees as packager and/or the managing production company of various film and television projects (including feature length motion pictures, documentaries, docudramas, and television productions), film and television marketing & distribution fees, fees from the licensing and/or rental of its completed film and television library and related entertainment industry consultation fees.
A significant portion of the Company's assets was purchased with the issuance of shares of its common and preferred stock. In the absence of a consistent market for the securities issued, the value of the film and television product purchased by the Company was agreed to by the sellers and the purchaser in arms length transactions in accordance with generally accepted accounting standards and additionally, internal evaluation and auditing procedures. The purchase and production costs of acquired and produced films over the past 24 years is $25,320,927. The films and television productions in the Company's library have uncertain future revenues that may be expected to grow or diminish along with all of the ancillary markets now and in the future that are available for exploitation. In some cases, individual films or television productions may be timeless and irreplaceable; in many cases their book value is nil having been amortized based on revenues received several years ago and the inability to estimate a market value or reasonable expected revenue. Certain of the inventory product without book value produce income and, in light of new and emerging technologies, the Company expects additional revenue from these sources.
The Company's film and television library consists of newly produced and historical film and videotaped product and rights thereto purchased as an investment and/or exploited by leasing and/or rental to a wide variety of domestic and international outlets. Many film and television libraries such as the Company's that were purchased for investment over a span of many years, have appreciated considerably in value as a direct result of new and emerging technologies, revived or newly created public appeal for a certain performer or genre, unique applications of particular production process (special digital effects) and standard and newly developed non-theatrical ancillary markets throughout the world. New technological advances such as DVD (Digital Video Disk), HDTV (High Definition Television), CD-ROM, DVD ROM, DVD Audio, Pay-Per-View and Internet applications have enhanced and are greatly expanding resale and leasing capability of film or television product no longer in the legal or physical possession of the original producers or distributors.
The film and television inventory of the Company is regularly reviewed and evaluated on a film-by-film basis by the Company's management. Forecasting any film or television project's future revenues is a difficult and uncertain art, even for major film distributors and television syndicators. The accounting principles and industry practices in these areas leave unusual discretion with the film and/or television company executives and often result in "unusual" changes in individual periods. The Company has periodically, from a cost basis of $20,451,441 in the year 1996, substantially revalued its inventory of film and television product, resulting in a net realizable value and net book value reduction in the stated value on the balance sheet. Although the Company has personnel on its Board of Directors and professional staff which are qualified to estimate the value of its film and television inventory for internal verification purposes, it retains the services of independent appraisers who regularly review the Company's film and television library, ensuring a greater measure of objectivity.
The Company is continually negotiating with various potential lessors of portions of the film and television library for the implementation of exploitation possibilities. The results of such negotiations may materially affect the asset section of the Company's balance sheet. The Company currently uses state-of-the-art exploitation including Internet based technologies to expose its library catalog to the public. Full exploitation of the Company's investment in its film and television product inventory is dependent on the acquisition of additional capital. The Company amortizes the cost of each film or television program starting with its specific exploitation by the Company. The Company continues to occasionally promote inventory properties it considers potentially revenue producing.
Significant current and potential revenue may accrue to the Company from a number of contracts and arrangements where no tangible asset is involved.
The Company reviews the current pronouncements of the accounting, government and industry professionals. In that regard, it continually analyzes its accounting policies to ensure that it stays up-to-date in the presentation of its financial statements. The Company believes it is not materially affected by any current issues at this time.
LIQUIDITY AND CAPITAL RESOURCES
Cash increased $33,916 to $103,088 at December 31, 2005 from $69,172 at December 31, 2004. This increase was mainly due to $90,440 proceeds from sales of common stock, offset by $51,869 cash used in operating activities.
At December 31, 2005, the Company had lines of credit with three financial institutions totaling approximately $100,000 with available credit of approximately $89,338. The company also has an excellent Dun and Bradstreet rating resulting in additional substantial credit with suppliers and vendors, the use of which during film production, previously has exceeded $200,000.
In accordance with the Securities and Exchange Commission "Regulation D", and subject to Rule 144 restrictions, in 2004 the Company issued 10,000 shares of its common stock and no shares of its preferred stock for cash and 9,237,000 shares of its common stock and no shares of its preferred stock for product and services acquired by or provided to the Company. Subsequently, 1,500,000 of these shares were cancelled and the related product was not acquired. An additional 1,500,000 were issued relative to a proposed Acquisition Memorandum. In 2005 the Company issued 1,649,667 shares of its common stock and no shares of its preferred stock for cash and 1,058,733 shares of its common stock and no shares of its preferred stock for product and services acquired by or provided to the Company of which 687,733 shares were issued to officers and directors of the Company, partially to accommodate the Share Exchange (reverse acquisition) between the Company and Buckeye Ventures, Inc. Also, in 2005, a total of 275,000 sharesof Series Q and Series R preferred stock were converted to 2,750,000 shares of common stock.
Relative to the Share Exchange (reverse acquisition) and pursuant to agreements between World Wide and Buckeye which became effective as of March 1, 2006, a total of 72,114,848 restricted shares of the Company's common stock and 796,869 shares of the Company's preferred stock were issued to shareholders of Buckeye. Buckeye shareholders now beneficially own 79,792,001 restricted shares of the Company's common stock (81% of outstanding) and 796,869 shares of the Company's preferred stock (80% of outstanding).
Primarily due to the Share Exchange, the outstanding shares of common stock of the Company increased from 29,170,152 as of December 31, 2005 to 98,462,859 as of March 31, 2006. The outstanding shares of the Company's preferred stock increased from 201,217 to 998,086. The number of shares authorized to issue remains at 100,000,000 common stock and 1,000,000 preferred stock. In order to facilitate the Share Exchange, certain significant shareholders, in addition to their existing Rule 144 sale of stock restrictions, have signed agreements in accordance with all applicable law, further restricting the sale of their common stock shares for a total period of 24 months. The pertinent provisions of these agreements limit the shareholder to the sale of 5,000 shares per seven day period and no sales at less than a market price of $0.25. Under certain conditions, for example a merger or reorganization of the Company, 70% of the Board of Directors of the Company or 70% of the outstanding individual shareholders may waive these restrictions. The total of such restricted shares is 83,608,000 .
The Company's principal liquidity at the end of 2004 included cash of $69,172 and no accounts receivable, and at the end of 2005 included cash of $103,088 and no accounts receivable. The Company's liquidity position has remained sufficient to support on-going general administrative expense, pilot programs, strategic position, and the garnering of contracts, relationships and film and television product for addition to the Company's library, and the financing, packaging, development and production of two feature films and marketing and distribution of specialty television projects and product.
Although the Company during 2004 and 2005 earned revenues, unless the Company has an influx of additional capital, the Company will not be able to accomplish its planned objectives and revenue projections. Accordingly, the Company intends to resolve and provide for its liquidity needs, as well as provide for the needed capital resources to expand its operations, through future financing.
The Company expects its marketing operations to expand considerably over the next three years. The current inventory and contracts acquired by the Company are now beginning to be more vigorously exploited as the Company's focus moves from extensive accumulation of product and contracts in an ownership capacity to capital acquisition specifically for marketing purposes using recently developed technologies. Although the Company is conservative regarding its policy concerning the use of borrowed operating capital, it is now in a position to use its reputation and contacts to leverage operating funds profitably.
WORLD WIDE MOTION PICTURES CORPORATION
REPORTS CLOSING OF SHARE EXCHANGE TRANSACTION
Wednesday March 1, 6:00 am ET
LOS ANGELES--(BUSINESS WIRE)--Mar. 1, 2006--World Wide Motion Pictures Corporation (OTCBB:WWMO - News) and Buckeye Ventures, Inc. (Buckeye) announced today that their proposed Share Exchange Agreement (Reverse Acquisition), which was reported in previous press releases, closed on February 22 and includes certain agreements effective March 1.
Founded in 1977, World Wide Motion Pictures Corp. is a diversified company, with shareholders throughout the world, which is primarily involved in the development, financing, production and distribution of feature films, documentaries, short subjects, industrials and television productions. WWMO's industry executives and Board members have produced, distributed and consulted on a wide variety of film and television projects, earning Academy Awards, Emmy Awards and prizes from world film festivals.
With shareholder approval, WWMO and Buckeye completed the Share Exchange transaction, which results in Buckeye obtaining fully reporting publicly held status through WWMO’s original structure trading on the OTC Electronic Bulletin Board. WWMO will continue its business operation unencumbered as a wholly owned subsidiary.
"All of us at World Wide and Buckeye have been working aggressively and diligently for over a year toward the conclusion of this exciting diversified enterprise and substantial opportunity to increase shareholder value,” said Paul Hancock, WWMO's President/CEO, and Alan Mintz, Buckeye’s Chairman/CEO, in a joint statement. Added Hancock and Mintz, “We are enthusiastic about building a consistent revenue producing business from the growing home services industry.”
Buckeye was formed for the purpose of acquiring and operating businesses in the Retail Home Services Industry, with the objective of creating a national brand for the consumer in a space where there is no established recognizable national name. Buckeye has committed to an acquisition schedule and has already begun to acquire residential service companies, with plans to become a significant player in the HVAC (heating, ventilation and air conditioning) and plumbing sectors by providing many small and mid-sized local and regional operators with the opportunity to become part of a growing national conglomerate that is a publicly held company.
Buckeye believes these low risk, high margin businesses will benefit from best practices and synergies of multiple locations and realize significant appreciation in a relatively short period of time. “Given the current fragmentation, I am convinced that this $100 billion market is ripe for consolidation,” said Mintz. Throughout his years in the industry, Mr. Mintz has been responsible for the acquisition of over 100 HVAC/plumbing service companies representing more than $500 million in annual revenue. Mr. Mintz plans to use his extensive industry knowledge in building Buckeye into a national brand and to that end has assembled a highly experienced management team that includes operators and executives of large multi-location companies in this industry.
Any forward-looking statements contained in this release reflecting management's best judgment based on factors currently known, involve risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements included herein as a result of a number of factors including but not limited to WWMO's ability to enter into various financing programs, competition from other companies, acquisition of suitable motion pictures, and the performance of films in general licensed by WWMO.
You will get a kick out of this link:
Google is mentioned on page 21...
http://news.findlaw.com/hdocs/docs/directtv/usserebryanny123102aff.pdf
And of course, if you want to know who the Penny King was, and what happened to him, how he died, and all that rubbish, you will need to follow the story unfolding at this and other links...
http://www.investorshub.com/boards/read_msg.asp?message_id=8618602
Years later I made overtures to World Wide Motion Pictures to buy them out...their new symbol is WWMO..as in Wammo Ammunition!
The real mitzvah of these wretched carcasses is the awakening stench of naivete and greed. Just ask thepennyking!
car·cass (kärks) n. http://dictionary.reference.com/search?q=carcass
1. The dead body of an animal, especially one slaughtered for food.
2. The body of a human.
3. Remains from which the substance or character is gone: the carcass of a once glorious empire.
4. A framework or basic structure: the carcass of a burned-out building.
[Middle English carcas, from Anglo-Norman carcais, and Medieval Latin carcasium.]
If iHub were like RB the board and posts would be long gone!
He was nuked by his creator:
Compare dates of posts 4 & 5!
How did he die?
The Penny King is dead.
Did you ever check the links in the iBox. None of them work.
Methinks this is a dead board.
Anything goes?
Here's a kleenex for you...
You can pretty much post whatever you want on this board. Don't think thepennyking will mind too much!
Uh...I'm kinda dense sometime....
...well, ok...often.
I don't get it.
Did you read the iBox?
Formerly=1st National Film Corp. until 11-94
I have a video cassette around here somewhere ...something about Sleeping Beauty living happily ever after or something like that ...it only cost me about two grand.
Bwahahahahahaha
hand-ahin
the answer to the question "what is the back,
left-hand horse of a plow team called?"
[cf. furrahin]
Aren't they purdy!
That's a horse laugh.
Is that a laugh or a whine?
I understand, SM.
I just thought somebody ought to breathe some life into the board...after all the stocks looks like it could go to da moon.
Bwahahahahaha
thx but no thx, NM! Plate's pretty full with SIRI, ABP, AMLN, DSTI, EMA, FSL, GME, MOT, XDSL (Asst), OMNI, PEC, PVMCF, ROYL, Tekion, Toby Smith Stock Review, UTS.TO... not to mention playing with Gabby & FA on GOOGLE and you wherever you butterfly!
Watch out for that web though!
Yo SM....this board needs a moderator...
http://www.investorshub.com/boards/board.asp?board_id=2408
Nope, although EVEN does post a lot at RB under TLYN... this might belong on the Politics Board, but I couldn't resist so please, don't spank me..and read it all the way through in light of the previous legal links related to GOOG (GAG)...those are my initials G! Alex Gabor!
Give Thanks No More: It’s Time for a National Day of Atonement
by Robert Jensen
One indication of moral progress in the United States would be the replacement of Thanksgiving Day and its self-indulgent family feasting with a National Day of Atonement accompanied by a self-reflective collective fasting.
In fact, indigenous people have offered such a model; since 1970 they have marked the fourth Thursday of November as a Day of Mourning in a spiritual/political ceremony on Coles Hill overlooking Plymouth Rock, Massachusetts, one of the early sites of the European invasion of the Americas.
Not only is the thought of such a change in this white-supremacist holiday impossible to imagine, but the very mention of the idea sends most Americans into apoplectic fits -- which speaks volumes about our historical hypocrisy and its relation to the contemporary politics of empire in the United States.
That the world’s great powers achieved “greatness” through criminal brutality on a grand scale is not news, of course. That those same societies are reluctant to highlight this history of barbarism also is predictable.
But in the United States, this reluctance to acknowledge our original sin -- the genocide of indigenous people -- is of special importance today. It’s now routine -- even among conservative commentators -- to describe the United States as an empire, so long as everyone understands we are an inherently benevolent one. Because all our history contradicts that claim, history must be twisted and tortured to serve the purposes of the powerful.
One vehicle for taming history is various patriotic holidays, with Thanksgiving at the heart of U.S. myth-building. From an early age, we Americans hear a story about the hearty Pilgrims, whose search for freedom took them from England to Massachusetts. There, aided by the friendly Wampanoag Indians, they survived in a new and harsh environment, leading to a harvest feast in 1621 following the Pilgrims first winter.
Some aspects of the conventional story are true enough. But it’s also true that by 1637 Massachusetts Gov. John Winthrop was proclaiming a thanksgiving for the successful massacre of hundreds of Pequot Indian men, women and children, part of the long and bloody process of opening up additional land to the English invaders. The pattern would repeat itself across the continent until between 95 and 99 percent of American Indians had been exterminated and the rest were left to assimilate into white society or die off on reservations, out of the view of polite society.
Simply put: Thanksgiving is the day when the dominant white culture (and, sadly, most of the rest of the non-white but non-indigenous population) celebrates the beginning of a genocide that was, in fact, blessed by the men we hold up as our heroic founding fathers.
The first president, George Washington, in 1783 said he preferred buying Indians’ land rather than driving them off it because that was like driving “wild beasts” from the forest. He compared Indians to wolves, “both being beasts of prey, tho’ they differ in shape.” Thomas Jefferson -- president #3 and author of the Declaration of Independence, which refers to Indians as the “merciless Indian Savages” -- was known to romanticize Indians and their culture, but that didn’t stop him in 1807 from writing to his secretary of war that in a coming conflict with certain tribes, “[W]e shall destroy all of them.”
As the genocide was winding down in the early 20th century, Theodore Roosevelt (president #26) defended the expansion of whites across the continent as an inevitable process “due solely to the power of the mighty civilized races which have not lost the fighting instinct, and which by their expansion are gradually bringing peace into the red wastes where the barbarian peoples of the world hold sway.” Roosevelt also once said, “I don’t go so far as to think that the only good Indians are dead Indians, but I believe nine out of ten are, and I shouldn’t like to inquire too closely into the case of the tenth.”
How does a country deal with the fact that some of its most revered historical figures had certain moral values and political views virtually identical to Nazis? Here’s how “respectable” politicians, pundits, and professors play the game:
When invoking a grand and glorious aspect of our past, then history is all-important. We are told how crucial it is for people to know history, and there is much hand wringing about the younger generations’ lack of knowledge about, and respect for, that history. In the United States, we hear constantly about the deep wisdom of the founding fathers, the adventurous spirit of the early explorers, the gritty determination of those who “settled” the country -- and about how crucial it is for children to learn these things.
But when one brings into historical discussions any facts and interpretations that contest the celebratory story and make people uncomfortable -- such as the genocide of indigenous people as the foundational act in the creation of the United States -- suddenly the value of history drops precipitously and one is asked, “Why do you insist on dwelling on the past?”
This is the mark of a well-disciplined intellectual class -- one that can extol the importance of knowing history for contemporary citizenship and, at the same time, argue that we shouldn’t spend too much time thinking about history.
This off-and-on engagement with history isn’t of mere academic interest; as the dominant imperial power of the moment, U.S. elites have a clear stake in the contemporary propaganda value of that history. Obscuring bitter truths about historical crimes helps perpetuate the fantasy of American benevolence, which makes it easier to sell contemporary imperial adventures -- such as the invasion and occupation of Iraq -- as another benevolent action.
Any attempt to complicate this story guarantees hostility from mainstream culture. After raising the barbarism of America’s much-revered founding fathers in a lecture, I was once accused of trying to “humble our proud nation” and “undermine young people’s faith in our country.”
Yes, of course -- that is exactly what I would hope to achieve. We should practice the virtue of humility and avoid the excessive pride that can, when combined with great power, lead to great abuses of power.
History does matter, which is why people in power put so much energy into controlling it. The United States is hardly the only society that has created such mythology. While some historians in Great Britain continue to talk about the benefits that the empire brought to India, political movements in India want to make the mythology of Hindutva into historical fact. Abuses of history go on in the former empire and the former colony.
History can be one of the many ways we create and impose hierarchy, or it can be part of a process of liberation. The truth won’t set us free, but the telling of truth at least opens the possibility of freedom.
As Americans sit down on Thanksgiving Day to gorge themselves on the bounty of empire, many will worry about the expansive effects of overeating on their waistlines. We would be better to think about the constricting effects on the day’s mythology on our minds.
http://www.commondreams.org/views05/1121-22.htm
Robert Jensen is a journalism professor at the University of Texas at Austin and a member of the board of the Third Coast Activist Resource Center He is the author of The Heart of Whiteness: Race, Racism, and White Privilege and Citizens of the Empire: The Struggle to Claim Our Humanity (both from City Lights Books).
http://www.commondreams.org/views05/1121-22.htm
Maybe Google Execs can heed these words before it is too late...
I was reflecting on the fact that I was so naive when it came to the Laws of America...for instance, I once thought I could sue the United States government for $5 trillion without a lawyer and now look at this bunch of yahoo's suing the whole Middle East for $100 trillion! I wonder how far along the case has gone or did the Defendants default by a failure to appear and thus give the plaintiffs their judgement? What is amazing to me is how many lawyers are on this case...
http://news.findlaw.com/hdocs/docs/terrorism/burnettba81502cmp.pdf
100 trillion lawsuit filed against banks, charity organizations, and companies for allegedly supporting terrorism. Aug. 15, 2002
http://news.findlaw.com/hdocs/docs/terrorism/burnettba112202acmp.pdf
http://news.findlaw.com/legalnews/us/terrorism/cases/civil.html
Lost in nostalgia again... or is it nausea?
World Wide Motion Pictures Corp. Reverse Acquisition Partner Acquires Ownership of Flagship Operation
World Wide Motion Pictures Corp. (OTCBB:WWMO) reported that its diversified reverse acquisition partner, Buckeye Ventures, Inc. (BVI) concluded the acquisition of its flagship operation in Boston, Mass.
BVI, a Nevada corporation, was formed as a vehicle to acquire and operate businesses in the Heating Ventilation and Air Conditioning (HVAC) and Plumbing industry with the objective of creating a national brand for residential and light commercial customers. BVI's first acquisition is currently generating $5 million in revenue. Additionally, BVI has signed Letters of Intent to acquire operations generating an additional $6 million in revenue, scheduled to close early 2006. Negotiations are underway to acquire additional locations totaling $30 million plus in revenue.
Alan Mintz -- BVI's Chairman/CEO, with 35 years in the industry as a contractor, consultant and senior corporate officer, has assembled a management team that includes some of the top executives and operators in this industry, with more than 100 years of combined experience on both the management and operations side of small, medium and large multi-location companies.
Nationally, the residential HVAC and plumbing service business is a $50 billion dollar industry, comprised of thousands of small companies throughout the U.S. "These low risk, high margin, largely mom and pop businesses will benefit from best practices and synergies of multiple locations to realize significant appreciation in a relatively short period of time," said Mintz.
Continuing, Mintz said, "The Company has spent the greater part of a year and a half developing the underlying model, including the addition of key executives, securing early acquisitions and building strong industry relationships that management feels puts BVI in a strong position for expansive and profitable growth."
BVI will operate from offices in California and Florida.
"Our expectation of substantial revenue by our new diversified partner of $50-75 million in the first 18 months of operations will benefit our shareholders around the world enormously," said Paul Hancock, WWMO's President/CEO.
Any forward-looking statements contained in this release reflecting management's best judgment based on factors currently known involve risks and uncertainties. Actual results could differ materially from those anticipated in the forward looking statements included herein as a result of a number of factors including but not limited to WWMO's and BVI's ability to enter into various financing programs, roll-up business acquisitions, competition from other companies, acquisition of suitable motion pictures, and the performance of films in general licensed by WWMO.
Founded in 1977, World Wide Motion Pictures Corp. is a diversified company, with shareholders throughout the world, which is primarily involved in the development, financing, production and distribution of feature films, documentaries, short subjects, industrials and television productions. WWMO's industry executives and board members have produced, distributed and consulted on a wide variety of film and television projects, earning Academy awards, Emmy awards and prizes from world film festivals.
World Wide Motion Pictures Corporation
Jeffrey Brown, 714-960-7264
Source: Business Wire (November 15, 2005 - 6:00 AM EST)
News by QuoteMedia
www.quotemedia.com
Interesting...what a fool I was...a total idiotic fool!
Just called Transfer agent for WWMO and confirmed O/S anf Float
O/S 10,146,662
Float 3,283,417
American Registrar & Transfer
P.O. Box 1798
Salt Lake City, UT 84110
(801) 363-9065
With trading you must conquer your emotions and be very disciplined about your goals
Bought 24k down here, could be a steal at all time lows. If the directors get there act together.
WWMP DD Links:
Business Summary
World Wide Motion Pictures Corporation develops, finances, produces, and distributes feature films, documentaries, short subjects, industrial films, and television productions. The Company's product library of live action motion pictures and videotaped productions consists of works of various lengths and subject matter applicable for marketing through various media.
General Information and Share Information
http://www.dimgroup.com/cgi-bin/simple2.cgi?symbol=WWMP
Basic Company Profile
http://www.knobias.com/individual/research/basicprofile.htm?ticker=WWMP&coid=1108299116
BigCharts Interactive Chart
http://www.bigcharts.com/intchart/frames/frames.asp?symb=WWMP&time=8&freq=1
SEC Filings
http://www.nasdaq.com/asp/quotes_sec.asp?symbol=WWMP&selected=WWMP
Recent Press Releases
http://biz.yahoo.com/n/w/WWMP.ob.html
Company Webpage
http://www.wwmpc.com
Catalysts
http://moneycentral.msn.com/investor/research/wizards/srwcatalysts.asp?Symbol=WWMP
Technical Analysis
http://www.knobias.com/individual/research/techanalysis.htm?ticker=WWMP&coid=1022151730
Historical Quotes
http://host.wallstreetcity.com/wsc2/Historical_Quotes.html?Button=NEW+REQUEST&template=hisquote....
OTCBB Level 2 Quotes
http://www.otcbb.com/asp/mp_quotes.asp?Sort=4&Quotes=WWMP
Active Market Makers
http://www.otcbb.com/asp/tradeact_mml.asp?searchby=i&searchfor=WWMP&x=20&y=6
Market Maker Activity
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=i&Issue=WWMP&SortBy=v&month=10-1-2000&...
BarCharts Signals
http://quotes.barchart.com/texpert.asp?sym=WWMP
Stockscores.com Rating
http://www.stockscores.com/index.asp
OTCBB Most Active List
http://quotes.freerealtime.com/dl/frt/stats?exch=D&stat=0
Technical Analysis Education
http://www.stockcharts.com/education/index.html
http://www.e-analytics.com/techdir.htm
http://www.chartpatterns.com
http://www.clearstation.com/education/cover.shtml
http://www.litwick.com
http://www.investormall.com/compleat/averages.htm
Charting Webpages
http://www.bigcharts.com
http://www.prophetcharts.com
http://www.stockcharts.com
SEC Complaint Link
http://www.sec.gov/enforce/comctr.htm
Disclaimer: This page is a compilation of links to websites containing stock information.
While this information is believed to be accurate, no guarantees can be made.
It's running up but try not to buy too much too fast or you will spoil the fun.
Penny King Holdings Corporation, a Delaware Investment Holding Company.
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