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Thank you for those kind words.
Hi net worth investors could do this.
This is our absolute goal.
Thanks Mike
Because I now live in California and our entire staff in in Signal Hill CA. Feel free to call us. 562-424-4597
I still have no idea what you are asking. Just write out an entire question in sentence form on one line and I can answer you. All your posts look like haikus to me.
Another well thought out post. Thank you!
I have an idea based on the timing of the selling and the way the level 2 looked. Give me a little time to put my response together for you
I think not knowing is the worst thing so hopefully I can shed some light.
Glad to be here.
Of course. We are shorted every day by market makers and investors. Its part of being a public company.
I have a problem with the word dilution when not used correctly. This is from an interesting article I recently read. I don't agree with everything but it has good points.
In the beginning a start-up company entrepreneur owns a 100% of the company. Sounds impressive, but a 100% of a high risk venture, with no revenues just expenses and a great deal of hope is really 100% of nothing. When cash is needed an entrepreneur has to raise money and it’s the issuance of shares that triggers ownership dilution. This is good dilution because when investors see value they expect a favorable return which means the company must have some accretive promised value. So all things being equal, if an investor acquires 40% of the company for $500,000 and this $500,000 can create even more enterprise value, then the entrepreneurs 60% is worth more than the 100% initial ownership. Good dilution means a share unit has increased in price and when multiplied by the number of shares held by the entrepreneur it means an overall appreciated value of his holdings.
Let’s do the math through a very simple scenario – you own 100% of the company representing 1,000,000 shares at a price $.001 which equals a $1,000 value. You sell 74% of your company at a share value of $.20 by issuing 2,800,000 shares and receive $560,000 in cash for from an investor. Your company now has 3,800,000 shares outstanding, you own 26%, you have $560,000 to help your company reach the next important business milestones and your share holdings are now worth $200,000. Cool!
This is the proverbial – small piece of a large pie which is 200 times greater than a large piece of a small pie. Every time you accept investment you have the power to increase share value and wealth – but it’s up to you!
In the early days new entrepreneurs get hung up on this point and wrongly mix control objectives with share value appreciation objectives. If the company is hitting its milestone along it long term development path then share value will increase, with each raise, and so will the entrepreneur’s share holdings and that of the other shareholders. Percentage Dilution in stock ownership has no direct relationship to the value of the stock ownership position. Therefore, an entrepreneur’s good greed intention or objective should be to build a company’s worth for every share holder.
So greed is good. It is good when share value is created for all shareholders. And if and when there is a liquidity event everyone wins.
For every good side of the story there is also a bad side. Dilution is bad when business value is not created. Enter a new investor. She offers a share price below the previous share prices. In other words, bad dilution occurs when the share value of the current round is less than the previous rounds “cramming down” the share price and ownership percentages of all other previous shareholders.
For example, if the last share round was valued at $.50 per share and the current round is set at $.25 per share this represents a $.25 loss of value. All previous shareholders will experience a devaluation of share ownership and unit share value. This is serious as it represents a setback for these shareholders. These shareholders will “take it on the chin” and experience more than their pro rata portion of dilution. This is bad dilution. It is for these reasons some investors will use anti-dilution protection such as full ratchet adjustment and weighted average ratchet adjustment dilution protection clauses into agreements. (More on this in later blogs).
So the message is clear. Entrepreneurs must create enterprise value by achieving the important milestones promised. This is, of course, easier said than done and there are often unforeseen setbacks. The a singular focus for entrepreneurs, when using other people’s money (OPM), should be on creating intrinsic share price value. Good greed thus creates enduring value.
If they have the monitors in place it would be a great idea.
You are correct and some people took advantage of that fear.
Thats a tough life.
If you prices the shares at the price at the time. But nobody can sell for a year so today they are worth much less. The point is its the same amount of shares. It is just booked for accounting at the price it was at the time.
People play the markets two ways. They buy long or sell short. Its part of the game. Of course people that are short want us to fail and people that are long want us to do well. It's nothing personal.
I understand how you are feeling. As the company's largest shareholder and even with my experience in the markets sometimes I look at the value of my shares and get that second of where I just think "What the Heck". But I settle down and remember that knee jerk movements usually correct themselves and if a company is growing. If it is situated in an industry that in large and on the move and if it is unique the creme will rise and share prices always work out. Its the timing is the thing that is the most tuff to deal with.
Thank you.
We never thought about Greyhound stations, but Travel tech is expanding. We have several companies which will sponsoring entire episodes. We are very excited about that. Directv is on our compass but I don't have a time line for you.
I'm trying to help people understand where we are.
Thank you for the great artwork you created for us in the past.
You don't think we frustrated seeing what our share price did today? I understand how you feel. I just can't let it effect what we are doing because we are building a real company here in the field a Television broadcast which offer great opportunity. a year go we owns some websites and today we own a broadcast TV network. I know price will work itself out.
On the $5,129,771 About 3.2 million was for the purchase of Punch Assets. That is not exact but close. The balance are shares issued to officer and directors instead of salaries. This reason it seems so large is because we book the cost to us at the price of the shares at the time. So issuing 50 million shares at .02 show a greater cost to us then issuing the same shares at .006. This is why i refer to this as a book keeping process. The real number are what matters. revenues went from 7k to 50k and assets went from 200k to almost 3 million.
You are not being clear. Just ask the question so I can answer.
Not normally true. We have about 15 employees now working for us. That number will change as we grow.
Ask me a question and I'll be glad to answer it. But I'm not going to play games with you.
Operating expenses were $5,129,771, $174,971, $5,291,233 and $508,275 for the three and nine month periods ended September 30, 2012 and 2011, respectively. Significant operating expenses were related to stock-based share payments which were $4,801,625, $110,124, $4,842,875 and $349,473 for the three and nine month periods ended September 30, 2012 and 2011, respectively. Shares were issued as compensation for services rendered. The Company is recording stock-based compensation, valued at the date of the issuance, and ratably expensing over the service period. Other significant operating expenses were also related to the maintenance of the corporate entity, primarily accounting and legal fees. Expenses incurred in the development of the web-based search site are expensed as incurred.
What is your question?
If you have a real question I will be glad to answer it.
You are correct. We need to use out cash to expand. That expansion with normally have a positive effect on a public company.
No we pay employees. Only officers have agreed to defer all compensation and take stock instead.
We do not own the buildings. We do own everything inside.
We will make announcements as we add more cities.
Continuing to increasing revenues, households and programing will have the most profound effect on share price.
They are listed in the Q. Part of the purchase was the entire Punch TV offices. Everything from desks to editing stations to our dishs that sends out the signal.
I already answered this.
Of course for everyone that airs.
Assets increased from 200k to almost 3 million. That was due to the acquisition of the Punch TV assets.
Our plans to continue to expand. To increase households, advertising revenues and create new shows for the upcoming 2013 season. As we have more viewers, more revenues and enhanced programing I feel the share price will follow.