Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Ding Ding Ding Ding.....We have a winner here folks....I believe your last statement to be true!
Wanna bet.....RS then fall off by 75% again.....shareholders lose big time if an RS of this at these current prices!
You mean like he bought the last 1.7 Billion shares back????
LOL!
Wouldn't take him long then....he made more money selling shares into all the news following the preferred share conversion offer then he did by selling restricted (converted shares).....
That whole offer was a smoke screen to allow SW to dilute the crap out of the stock and then state that the dilution was the result of conversion.....yet...no conversion numbers were given....hmmmmm.........
They do not need GZFX shareholders proxies in order to pursue a hostile takeover.....they just need to buy up all the shares GGI is eagerly willing to dump onto the market! Can't wait to see that filing....if they own more than X% of the OS then a filing with the SEC must take place!
and of course they cannot disclose any details of any of these supposed contracts due to non-disclosure agreements......yet they can mention the names of the companies....LOL!
Yes, and how professional looking that is! LOL! LOL! LOL!
Yep.....Billions and Billions of shares to be gobbled up by SVET all from your friendly neighborhood GGI/GZFX connection!
Hostile takeover my ARSE!
and just think....just because SVET puts some hint of something on a website...months later....does this mean they are now legitimate????
LOL! LOL! LOL!
You really want SVET to be involved with GZFX?? LOL! LOL! LOL!
Come on....just reading SVET's PR concerning GZFX and all the various types of business ventures it states they are involved in ....stretches the imagination to the limit never mind the business models.....
LOL! LOL! LOL!
Can you say that if GZFX truly is involved in SVET that it then proves GZFX to be as much of a SCAM as SVET is????
LOL!
No, I think he was using a Pump and Dump scenario and dumping into the huge volume that resulted from the buy-out PR!
On Arpil 24th....SW states....
"We have been involved in ongoing discussions for some time now with this significant multi-media communications company to sell Blackout Communications to them and it is finally coming to a conclusion," says Sandy Winick, president of Blackout Media."
the key phrase of course being....and it is finally coming to a conclusion....
Nearly one month later....May 23rd....SW states....
"We are still working through all the details and we hope to conclude the transaction by the summer," stated Sandy Winick, President of Blackout."
Sorry....finally coming to a conclusion does not take up to 3 months to complete! Something is fishy with this whole scenario IMO!
The shareprice is directly related to the number of shares issued and outstanding and more so to the float.....IF Sandy had in fact bought back 1.7 Billion shares from the market "IN GOOD FAITH" as the PRs have suggested then the pps would have climbed not dropped like a rock! and by in GOOD FAITH...I don't mean buy back 1.7 Billion and sell 5 Billion!
(1) Sandy set this issue on it's journey to 0.0001 pps when he offered converted shares at a pps of 0.00015 pps!
(2) Sandy set this issue on it's course to 0.0001 pps when he dumped billions of shares in to the float/OS to compensate for the fact that few shareholders wished to pay 150 bucks for each million of converted restricted shares.....(the "REWARD").....
So now sing me that song again about how concerned he was for the shareholders and how he was/is trying to do the best by US....PLEASE!
Sorry, but these are not the actions of a CEO looking out for the best interest of his shareholders; not in the least!
Well in my day, 16 Weeks for phase I ended on May 9th....so where is Phase II and where is the outline of the plan to launch GZFX into the stratosphere????
In the real world it will make very little difference what plans are executed.....as long as GGI is still in the picture and still dumping shares on behalf of GZFX then the shareholders will see no long term gains....just more dilution and more empty promises!
No difference between SW and JF in my mind! Both companies diluting the crap out of their shareholders.....in the end the same result a falling shareprice!
You really want to try and make a distinction concerning who is the entity that is diluting?? Yes, in effect GGI is the one dumping the shares...but they only get shares as part of the agreement when GZFX requests funds/draws!
In the end it makes no difference who is dumping the shares...dilution is dilution and in this case is DILUTION!
And not to worry, there will be plenty of bad news worthy of this dropping in price again.....like a current sharecount update!
You can pretend all you like that I don't know what I am talking about, but it is in fact all in the filings and GGI is in the business of selling shares to make money....and make money they will at any shareprice!
Cheers
No, what is a laugh is GZFX as an investment....what once could have been a very profitable venture/investment has turned out to be nothing except a huge disappointment....diluted piece of crap stock!
What consultants???? Oh, you mean JF's consulting business???
What a laugh!
I agree with your estimates....(unhappily and unfortunately)....seems a shame that the pps has reached this level with such growth being seen within TFN...but SW screwed the shareholders badly with that stupid (poorly thought out and executed) preferred shares scam.....
May have to sell all my shares for a loss and find some other non-pinky, non-OTCBB stock to invest in and hope I can recover major losses here....
anyway...best of luck to ya!
No offense, but I am guessing that there are numerous cases of toxic hedge funding that result/resulted in shares being dumped all the way down to 0.0001 pps......it only takes one big dump at 0.0004 on one day in order for GGI to qualify for obtaining shares at the next lowest pps.....one bad trading day.....after the other.....
No way this holds at 0.0004/0.0005 IF GZFX is to satisfy the terms of the SB-2A agreement and continue to sell Billions more directly into the float!
Sorry, but you still got that part wrong!...and it will be proven over time! Unless JF pulls a rabbit out of his arse!
Sorry you are wrong.....TAKEN DIRECTLY FROM THE SB-2 FILING WITH THE SEC!
The convertible debentures are convertible into the number of our shares of common stock equal to the dollar amount of the debentures being converted multiplied by 110, less the product of the conversion formula multiplied by 100 times the dollar amount of the debenture being converted, which is divided by the conversion formula.
THE IMPORTANT PART....IS THE LESSER OF....
The conversion formula for the convertible debentures is the lesser of (i) $0.20, (ii) eighty two percent of the average of the thee lowest volume weighted average prices during the twenty (20) trading days prior to the conversion or (iii) eighty two percent of the volume weighted average price on the trading day prior to the conversion.
I AM RIGHT! NO WAY FOR GGI TO LOSE
CANT GET MUCH LOWER THAN OPTION NUMBER (iii) FROM ABOVE GIVEN THE CURRENT TREND WITH GZFX! EITHER WAY GGI KNOWS HOW TO WRITE A CONTRACT THAT GAURANTEES THEM PROFIT!
Guess we will soon see; some of whether this is good news or bad will depend upon who he is replaced with......seemed to me (based on the limited number of interviews etc) that Chip was much much more tech savy and more on the ball than good ole JF...just my opinion....but either way, in the long run a resignation of one of the top execs usually is not viewed as good news for investors.....
Of course at these pps and with the continued dilution it makes little difference in the long run!
and please...with the SVET thing....what a joke....(not referring directly to you Bill and much randomness to you!)
Don't think so....and I believe the continued dilution by GGI proves otherwise....they certainly would not be selling at a loss and the 18% discount gaurantees that they never have too!
WOW...not great news for GZFX shareholders....guess it doesn't really matter that much in the long run it isn't like the subs were rolling in and the shareholders were seeing any kind of return on their investments here anyway!
Well, lets see....I would bet that if you read the agreement carefully then you would find that the share price to GGI would be the lower of the two options that you have described....given that the shareprice has been in the 0.0004/0.0005 range now for some time and the 3 lowest days (out of the preceeding 20 days) would therefore be weighted someplace in between those two prices....the volume weighted cannot exceed 0.0005 and then GGI is guaranteed an 18% discount to that price....
You would have the board believe that GGI cannot receive shares of GZFX as part of the SB-2A agreement at these prices and therefor no further dilution is taking place....guess you need to look at the amount of dilution that has occurred with each and every update.....the dilution has been significant in relation to the total number of shares being traded (volume divided by 2 for shares bought and sold).....
Sorry, but as the pps drops so does the price at which GGI is able to receive shares from GZFX and con-comittantly the number of shares required to satisfy the agreement goes way way up!
Ask anyone else here about this and see who has it right??
Please DO!
You have to learn to use a little more fennes (sp) in your posts....try something like shareholders are going to be deeply probed or man that rocket is huge...My butt hurts......from sitting in this computer chair (wink wink)....
and yet, only 1 MM still remains at 0.0005 and with no visible sign of stronger bid support? Hmmmmmmmmm......sell em at 6 while you can because the 0.0004/0.0006 spread is going to hit soon! Perhaps.....
BINGO! Give that man a Cigar!
Yet another fine example of poor management...(the bus tour was supposed to be the grass roots way to go remember....LOL)
Totally agree....I personally don't see any other way to fix this issue such that GZFX can continue to raise funds to keep the doors open and "build JF's debt free" business.....in the end...JF/Wifey will own everything and GZFX shareholders will end up holding the bag, or perhaps more correctly "still holding the bag"!
It sure will be fun to watch the shareprice plummet right back down after the RS!
Hey lets take a poll....what percentage drop will GZFX shareprice take following the RS??? (Day 1, Day 2, Day 3, and then final drop)
GGI will continue to happily sell shares all the way down to 0.0001 and they will still make money on the sale of those shares.....guessing that more people here need to learn about hedge funding and toxic financing than I previously thought.....
Under the terms of the agreement....GGI cannot lose money unless they hold shares....guess what....GGI will not hold shares of GZFX because they want to make money for their investors!
Why those posts mean absolutely nothing and have no facts to back them up even as a remote possibility!
R/S will be the fix...but JF won't RS until many more billions of shares have been dumped.....because he and GGI both know that once a RS occurs no one will want shares for some time.....of course the PR machine will be turned back on at that time!
He was thinking about selling shares and making money to pay his salary and a 15% raise per anum.....
and it isn't "IF" that's the case.....IT IS the case!
You need to learn how hedge fund financing works.....the shares they purchase at 1.09 per share aren't the kicker....it is the warrants that are granted along with each share they purchase that GGI makes money on! Billions and Billions of them....
No way it can hold....if GGI/GZFX still fully intend to complete the SB-2A agreement then the OS will go well above the 9 Billion mark that JF initially slated/discussed....I am not sure even he expected the shareprice to drop so precipitously....although many others familiar with toxic or death spiral financing would/did....
With constant selling of shares by GGI/GZFX the 0.0004 wall will have no choice but to give way.....so why do you think an updated OS/Float has not been released????
Because when it is, and the true and newest level of dilution is known.....that wall crashes down! (IMO)
I don't believe I harrassed anyone...and as a public forum, I believe all points of view are encouraged to be expressed so far as the TOS is not violated....
I am unfortunately in....with a very large loss at the current price and not looking likely to recover from those losses under the current conditions.
Clearly nothing of consequence to you or any of the other pumpers here.....anyway....have a great day!
First and Foremost....the e-mails from Sandy have never been shown to be legitimate.....no way to prove they are since the e-mail address that is listed for BKMP and IR results in a message box full bounce back!
Secondly....if the increased estimate were the result of conversion of preferred (BKMPP) shares to restricted common shares of BKMP then there would be no increase in the Float!
Sorry, until I see the numbers in print on this issue....SW lied to the shareholders and diluted the crap out our interests! That tied with the fact that SW has a HUGE history of doing just that in ALL his previous endeavors....
Did the leopard change his spots....guessing not!
Either way you look at it, the OS and Float now greatly exceed either the 12.2 Billion that you cite as of March or the 13.6 Billion prior to the supposed buy-back of shares.....
So, if one buys shares back and then sells those and then some....has a buy-back occurred?? Clearly not in effect!
The dilution occurred before, during, and after the interview....estimating my AZZZZZZ....if he was just estimating as many would like investors to believe you don't round up from 12 Billion to 15 Billion in an estimate!
Lets at least be real!
Yet during the interview with Traders Nation SW announced 15 Billion OS and 14 Billion float???? So how does that equate to 12.2 Billion?????
I guess he just got it wrong right??? or he was just estimating???? LOL.....yeah right...not!
Of course Sandy diluted.....as stated previously....
The OS was 13.6 Billion shares (no questions about this, it has been posted on numerous occassions)
A number of public announcements have been made (PRs) stating that (1) the first buy-back is completed; this was scheduled to be a 1 Billion share buy-back. (2) A second buy-back of up to 5 Billion shares was announced and (3) an update was announced stating that 666 Million shares had been purchased from the second traunch of buy-back.
This should have resulted in a reduction in the OS to 12 Billion shares.
During the Traders Nation interview (pump and dump scam perpertrated on shareholders) SW announced that the OS was "around 15 Billion and that the float was 14 Billion shares."
So how does one see an increase in the OS and Float above and beyond that of the previously known OS (13.6 Billion) and show absolutely no effect of a supposed 1.7 Billion share buy-back???
Psssstttt....answer....DILUTION.....now it isn't bad enough that many here suggest that the increase in the OS is due to restricted shares resulting from the conversion of the preferreds (debacle)...but yet the Float increased???
Notice how there are no PRs any longer....during the entire time up to the conversion and then the big dump on the Traders Nation interview BKMP was pumping out PRs left right and center....guessing that the dilution is finished but that the OS and float are both higher than what SW stated!
Too bad really, SW could have really made something of this stock and the shareholders could have seen a good ROI....instead he screwed the shareholders!
I agree with whomever posted the notion that the "buy-out" will not take place for one reason or another...or that shareholders will get screwed out of any ROI related to a buy-out of BCO/TFN!
I think MG ought to address the shareholders of BKMP...and speak for our investments in TFN!
What Entertainment Network???? LOL...the music channel and the gamer channel?? So tell me, what do the subscriber numbers look like?? How many homes can pick up this signal again???
Hey, what happened to the VOD/PodCasts??? How much revenue did all those C and D rated movies bring in???
If GZFX/JF/GGI hired some pump artists on here (no names mentioned) then they have clearly done it....pure entertainment...not much of a network however.....sounds about right doesn't it!??