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Well, at least we have cut our losses in half in just a few minutes.LOL.. Now how much of that 15MM is inventory? How much inventory is in each DC?
I know you are not happy with the pps, I do not know anyone that is. Remember, we never had any real start up money for this adventure, just shares to sell. Some were spent wisely, alot not so wisely.
Will watch and see how Phase II turns out. GLTY.....Alpha
Just suggesting that you should use more accurate info when you Post, ,would not want to mislead folks now would you....Alpha
So, tell me if you know, How much of that 30MM you mentioned is depreciaton?.....Alpha
I think Moroch told JF to get his inventory up and knock off all the other non-core crap or we would no longer have a chance of becoming a viable company...Now down to one TV station...No London expansion... Chip gone..... etc....Alpha
Looks like more of the same.... People buying at the bid, collecting enough shares to then put at the Ask....Looks like GGI will be forced to sell at .0003.....Just what we Don't need.........Alpha
Don't know about that, but just had two movies that I had asked for a loooong time ago shippped today. Must be adding to our inventory. A very positive sign......Alpha
Maybe we could pick up some inventory ...Cheap?.....Alpha
Thanks....And a happy Fathers Day to all who have been blesssed with this Honor......
alpha
Major League Gaming Buys GotFrag.com
Mike Shields
JUNE 06, 2007 -
Major League Gaming, an upstart league for professional videogame players, said it has acquired GotFrag.com, one of the top online news destinations for the fledgling sport.
According to MLG executives, GotFrag, which launched in 2002, reaches 700,000 unique users. Matt Bromberg, MLG’s current president and recently named CEO, estimated that with the close of the deal, the company will now account for nearly 80 percent of the traffic in the space (the league already owns the sites MLGpro.com and Gamebattles.com).
“With the addition of GotFrag.com to the MLG portfolio, MLG has been able to bring together all of the top brands in competitive gaming in one place,” said Bromberg. “Our scale, following, and authenticity can't be found anywhere else in the marketplace.”
MLG officials said that GotFrag will continue to be run independently, and will not serve solely to promote the league. “As gamers, MLG understands and respects the independence of our community and we look forward to working with them to cover, promote and celebrate every aspect of competitive gaming, from grassroots grudge matches to world-class live events,” said GotFrag president and CEO Lee Chen.
Meanwhile, while MLG continues to build its fan base, it is searching for a new TV partner. Bromberg confirmed that following an initial run this past winter on USA Network, MLG is putting out feelers for a new cable distribution partner--one that hopefully meshes better with videogaming’s core 12- to 32-year-old audience.
OT Poor Paris Hilton sent back to Jail for full 45 day sentance.............Alpha
I try to keep up with what is going on.... or not....Alpha
Just read it in my local newspaper, thought I would present it to the board, have no idea if this relates to SVET's idea or not...I'll leave that to people a lot smarter than myself..LOL.....Alpha
Turning Sound Waves Into 'WiTricity'
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By Brian Bergstein
AP
06/08/07 4:00 AM PT
The concept of turning sound waves into electricity is similar to how an opera star can break a wine glass that happens to resonate at the same frequency as her voice. In fact, the concept is so basic in physics that inventor Nikola Tesla sought a century ago to build a huge tower on New York's Long Island that would wirelessly beam power along with communications.
Massachusetts Institute of Technology researchers made a 60-watt light bulb glow by sending it energy wirelessly -- from a device 7 feet away -- potentially heralding a future in which cell phones and other gadgets get juice without having to be plugged in.
The breakthrough, disclosed Thursday in Science Express, the online publication of the journal Science, is being called "WiTricity" by the scientists.
The concept of sending power wirelessly isn't new, but its wide-scale use has been dismissed as inefficient because electromagnetic energy generated by the charging device would radiate in all directions.
Carrying Out the Concept
One advance was announced last fall, when MIT physics professor Marin Soljacic said he had figured out how to use specially tuned waves. The key is to get the recharging device and the gadget that needs power to resonate at the same frequency -- allowing them to efficiently exchange energy.
It's similar to how an opera star can break a wine glass that happens to resonate at the same frequency as her voice. In fact, the concept is so basic in physics that inventor Nikola Tesla sought a century ago to build a huge tower on New York's Long Island that would wirelessly beam power along with communications.
The truly new step, which is what was described in the paper in Science, was that the MIT team carried the concept out. The scientists were able to light up a 60-watt bulb that had "no physical connection" with the power-generating appliance.
"It was quite exciting," Soljacic said. The process is "very reproducible," he added. "We can just go to the lab and do it whenever we want."
Eliminate the Clutter?
The development raises the prospect that we might eliminate some of the clutter of cables in our ever-more electronic world. If devices can get their power through the air, they might not need batteries and their attendant toxic chemicals.
However, the technology has a ways to go before it becomes practical.
The MIT system is about 40 to 45 percent efficient -- meaning that most of the energy from the charging device doesn't make it to the light bulb. Soljacic believes his system needs to get twice as efficient to be on par with charging the chemical batteries in portable gadgets.
Also, the copper coils that transmit the power are about 2 feet wide for now -- too big to be feasible for, say, laptops. The 7-foot range of this wireless handoff could be increased -- presumably so that one charging device could automatically power all the gadgets in a room.
Soljacic believes all those improvements are within reach. The next step is to fire up more than just light bulbs, perhaps a Roomba robotic vacuum or a laptop.
Soljacic's team stresses that the "magnetic coupling" process involved in WiTricity is safe on humans and other living things. In the initial experiments on the light bulb, no harm came to the cell phones, electronic equipment and credit cards in the room -- though more research on that is needed.
© 2007 Associated Press. All rights reserved.
© 2007 ECT News Network. All rights reserved.
Great Selection, right down to Kentucky......Alpha
Hired by Gameznflix might be more accurate.....Alpha
Maybe by JF's letting Chip go, it shook up the rest of Management....ALPHA
Xan, the way I see it, the more voting rights they can get, via proxy, that might reduce the number of shares they need to have to buy in order to get control???....Alpha
And knowing how much money they have behind them IS important don'nt you think?.....Alpha
Powered by Google.....Nice....Alpha
For that matter, let SVET PR the letters they sent, reportedly, to the company.....Alpha
Before I would ever sign anything, I would want some finacial disclosue from SVET and as of right now, there is nothing out there.......Alpha
Just a thought, they , SVET, if they did manage to get control of our GZFX, could keep GNF and dump Gameznflix. Seems if this a real takeover attempt, thats all they want and as cheap as they can get it.....All JMHO.....Alpha
Could be some kind of play to get somebody on the board of directors. Suggest you talk with your broker, they would give you an unbiased answer... Just be careful of what you sign your name to......Alpha
proxy fight
Definition
A strategy that may accompany a hostile takeover. A proxy fight occurs when the acquiring company attempts to convince shareholders to use their proxy votes to install new management that is open to the takeover. The technique allows the acquired to avoid paying a premium for the target.
Alpha
JMHO
GGI is indeed working with ARCA, SSGI and probably others to drive this price, PPS, down.....
SSGI on ask at 259/ at .0006
ARCA on Bid aT 9999/ at .ooo4...That is probable GGI
If they can get the few remaining at the Ask bought, down we go, Remember, MM's make their money on trades....
Possible solution: Stop buying at ask .0005 and then listing at .0006 for the flip........
Try holding for awhile, see if we can force the bid/ask higher.........Just a thought ...Board?.....Alpha
I'm probably wrong, but I think we will not see very many trades at .0005, untill the bid price builds up, that seems to be the trading patten for awhile now. Who else has shares to sell at .0005 other than GGI......Alpha
Actually, I want THAT!!!!!!!!....Alpha
I was told I get double time and a half for that, no??????....Alpha
Thanks, I think...LOL....Alpha
Maybe they liked what I said....LOL....Alpha
I doubt very much if we will ever see any other comments from the company on this issue.....Alpha
Wayne, I know you know what I am saying, the implication here, IMHO, is that Chip was behind or involved in this SVET "takeover"......hence his rapid exit....Alpha
FWIW..I just spoke to the company, told them I was concerned with what is going on, and was told that the company is "fine". Also was told , or was implied, that the company has responded, to look at the SEC. I asked if she meant the sec filing posted on the GZFX web site was what she meant and she said yes....
That is the one about Chip leaving the company....
Draw your own conclusions about that.....Alpha
ZZZZZZZZZZZZZZZZZZZZZZZ
I would guess that a small increase to cover the new postage rates by everyone in this venue could be expected sooner or later....Alpha
Before everyone get too carried away, I suggest we find out why SVET is on the Pink list. I'm sure there is a reason for it, and I would like to know more about that before I make up my mind on this matter.
SVET, I assume you are reading this board to gauge reaction, answer my Question , Please......Alpha
Bill, You got mail....Alpha
I do not know....Alpha
What is a "material event" reported by a company?
"Material event" sounds like a nice way to say that the company hit a serious bump in the road -- and sometimes that’s basically what it is. It’s any significant event the company neither expected nor previously announced, such as an acquisition, resignation or hiring of a top officer, a change in the company’s bylaws, or a filing for protection from creditors in bankruptcy court. The company must report such events to the SEC.
If the event is new information that investors should know about, the company must make the information public on Form 8-K.
Form 8-K
Definition
A document required by the SEC to announce certain significant changes in a public company, such as a merger or acquisition, a name or address change, bankruptcy, change of auditors, or any other information which a potential investor ought to know about
I'm sure there are different levels of sponsorship available to us.... Probably the same as last year......Alpha
MGC starts pretty soon, we will find out if GZFX is going to be a sponsor or not......Alpha