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I mean really, did anyone actually read that PR???? What a joke....yeah, lets see....buy GZFX....manufacture some magnetic electrical energy system...and oh yeah, make a film about some canadian (North American) King.....
PLEASE....some here need to be better able to spot a scam PR when they see one!
Is SVET one of JF's Holdings Companies???? LOL!
Actually, if you read the 10QSB carefully it states that GZFX expects to post a net loss for the remainder of 2007.....so much for break even in 2007 IMO!
and I completely agree with you on the sub numbers....way too low and very few added in the face of on-line advertising via banner ads.....BBI is gaining most of their subs via TV commercials comparing their service to that of NetFlix...good commercials, easy to understand the advantage etc.....
Well, according to the CEO of GZFX.....
Authorized 25,000,000,000
Outstanding 6,058,176,376
144 Restricted 313,851,185
In Float 5,744,325,191
Updated by CEO on 3/14/07
Yet, by the end of March (31st; only 17 days later), the number of shares in the OS was 6.488 Billion.....
They (GGI/GZFX) added 430 Million shares issued in 17 days time!
Any guesses as to what the share count is currently....~45 days after the period described in the 10QSB???
LOL!
Problem is that the common shares may never be worth much more than 0.0001.....this whole plan has set the stage for the preferred shares to be valued and to share in any loot obtained from the sale of TFN....common shareholders will get little to nothing....perhaps shares in SW's next POS SCAM stock dividends.
In at least one instance, I have dividend shares shown in my account which have been there for over 2 years and have zero value....E-Trade happily informed me that they would be glad to remove them from my account for a fee....
Most investors here have already had their preferred shares removed from their accounts when it was clear they were not tradeable and were going to be issued as certs! As were mine!
Level II Market Depth is no longer available for this issue by Quote Media on the Bloomfield Investment site.....hmmmmm....oh well, BKMP investors get the shaft yet again!
Who do you think?? Hmmmmmm.....lets see offer shares at 0.00015 or sell shares directly at 0.0001 pps....not much of a difference is there...of course others here will have you believe it is all buy-back...but thus far the buy-back has done nothing to reduce the OS or the float....essentially NO BUY-BACK has taken place in effect!
Yes, it would be ridiculous to think that a Reverse Split will "acure", but at the same time, it is not so ridiculous to think that one might occur...in fact most likely one will the question is when!
So do we receive the "STOP SIGN" or the SKULL and CROSSBONES Symbol???? Either one will not be great for trading and BKMP certainly does not qualify for any of the higher designations!
Maybe a pink check mark, but BKMP is not really a foreign issue trading on the US stock exchanges??? and no letter from an attorney has ever been filed from what I can see....
From another board on IHUB...
Has anyone seen this
http://www.pinksheets.com/about/pr_042407.jsp
Pink Sheets to Begin Rollout of Disclosure Categorization Starting May 2007
New York, NY - April 24, 2007 - Pink Sheets, LLC announced today that in May 2007 it will begin the process of categorizing issuers quoted on Pink Sheets based on a company's willingness to provide adequate public disclosure to the marketplace. Initially, each company will be assigned a proposed category, which will be indicated on their Company Info page in the Quotes & News section of www.pinksheets.com. Beginning August 1, 2007, all companies will be assigned a final category and a corresponding icon which will be displayed next to the company's symbol everywhere it appears on pinksheets.com.
All Pink Sheets companies will be placed in either the OTCQX premium tiers (companies must apply to be included) or will be assigned a disclosure category by Pink Sheets, as follows:
OTCQX Premium tiers
PremierQX - The highest tier for U.S. companies. Must meet the continuing financial requirements of Nasdaq Capital Market, provide credible disclosure to the marketplace, and nominate a Designated Advisor for Disclosure (DAD).
PrimeQX - Must have ongoing business operations, a $.25 (cents) initial bid price, provide credible disclosure to the marketplace, and nominate a DAD.
International OTCQX Premium Tiers
International PremierQX - The highest tier for international companies. Must meet the financial requirements of the NYSE's Worldwide Listing standards, be listed on a qualified international stock exchange, provide home country disclosure to U.S. investors in English, and nominate a Principle American Liaison (PAL).
International PrimeQX - Must be listed on a qualified international stock exchange, provide home country disclosure to U.S. investors in English, and nominate a PAL.
Disclosure Categories
Current Information (icon: Pink Checkmark) - Must either be registered with the SEC pursuant to 12(g) of the Exchange Act and current in all electronic filings posted on the SEC's EDGAR system, OR if not registered with the SEC, must meet Pink Sheets Guidelines for Providing Adequate Current Information, confirmed by a quarterly letter from an attorney, all of which must be posted on the Pink Sheets News Service and displayed on pinksheets.com (*- exceptions below). Disclosure is deemed to be current if it is posted within 120 days of the fiscal year ended (annual reports) and within 60 days of the quarter ended (quarterly reports) and interim material events should be disclosed on a timely basis.
*Banks and Financial Institutions - Companies that report to federal or state banking regulators or to insurance commissions will be placed in the Current Information category if they post onto Pink Sheets News Service the same information they supply to their regulator (for example, to the FDIC), in a timely manner. An attorney letter is not required.
*Foreign Private Issuers - Non-U.S. companies that do not furnish electronic reports on the SEC's EDGAR system that are listed on a qualified international stock exchange will be placed in the Current Information category if they post onto Pink Sheets News Service the same disclosure they supply to their home country exchange and to their shareholders, in a timely manner. The disclosure must be in English. No attorney letter is required.
Limited Information (icon: Yield Sign) - SEC registered companies must have posted some disclosure on the SEC's Edgar system within the last six months. Non-SEC reporting companies must have, at a minimum, quarterly financial reports prepared in accordance with GAAP, including financial notes, and certifications by the CEO and CFO and not less than six months old, posted either on Pink Sheets News Service.
No Information (icon: Stop Sign) - The company does not make disclosure publicly available, or its available disclosure is older than six months.
Caveat Emptor/Buyer Beware (icon: Skull & Crossbones) - There is a public interest concern associated with this company, which may include a stock spam campaign or other questions concerning the security or issuer. During a spam campaign, companies that have not, at a minimum, qualified for the Current Information category will also have their company's quotes blocked on pinksheets.com.
More information on the category rollout, including Pink Sheets Guidelines for Providing Adequate Current Information and Attorney Letter Guidelines verifying Current Information, is available on http://www.pinksheets.com/otcguide/categories.jsp.
About Pink Sheets, LLC
Pink Sheets, LLC is the leading provider of services, software and financial information for the over-the-counter (OTC) securities markets. Its electronic quotation, trading and disclosure services enhance the efficiency of OTC trading, provide better executions for OTC investors and improve the capital formation process for OTC issuers. For more information, visit the Pink Sheets website at www.pinksheets.com.
Neal(FOR YOU)...so exactly what part of my post allows you to draw that conclusion....please feel free to point out where my statement is incorrect! If my elevator is so incapable of reaching the top floor then certainly you can point out my error??
come on neal...show me that your elevator is all shiney and new and so much brighter than mine.....show me how 13.6 (OS) less 1.666 (Buy-back on the open market) ends up to be around 14 Billion (float)....math expert now???
GOPSU (updated response)....perhaps you should re-read some of those posts explaining away the increase in float then....LOL....for all I know, your explanation of well I wouldn't waste my time reading posts here if I thought they were manipulated or paid opinions....could be exactly the type of response expected by paid manipulators....LOL...if you see my argument there...not intended to suggest that you are in any way a manipulator or paid....
at any rate, I am out of posts for the day....so this "discussion"
will have to wait for yet another day....
No way!!! Really??? That could never happen here on a completely anonymous stock board right????? LOL!
No, converted preferreds are restricted and therefor do not increase the Float....so how does the float end up above the 13.6 Billion OS in the face of 1.666 Billion shares being bought off/from the open market which should have reduced the float and the OS....
The OS could and should increase in the face of conversion of preferred. The Float should not have increased in the face of conversion of preferred to restricted shares and certainly not in the face of a 1.666 Billion share buy-back.
Of course, you already know this!
There are other options/possibilities that you have not listed....
(3) They recently bought a boat load of shares bidwhacking at either 0.0002 or 0.0001 pps and are "pumping" so that they can "dump".....much like how SW used the news release and Trader's Naion interview to dump into extremely high volume without a trace (My opinion here)....
(4) They are just some "guys" on BKMP's or TFN's payroll and are attempting to defraud using a "boiler room" tactic....
Any of these and the two you listed are entirely possible!
An increase in the OS due to restricted shares I could live with since they would not be tradable for 1-2 years....it is the increase in float to above the known OS (at the time) that I don't like...and there is only one way for the float to increase!
Dilution!
So instead of seeing a reduction in the float of 1.7 Billion shares due to buy-backs the float increased to some unknow number "around 14 Billion"
So what do you call the reward that he gave his long term shareholders in the form of a 10,000 to 1 preferred dividend. To then allow his rewarded shareholders to convert for a fraction of the current trading pps for a price of course....
That whole fiasco is more of the same dividends issued that has become SW's legacy and it was on that issuance that BKMP became pretty much worthless!
TFN is doing great....BKMP is sucking wind and investors share none of the growth that TFN is experiencing.
Sandy blew it! This could have been a win win for BKMP shareholders and for SW...instead he played his games and now the long term shareholders (you know, the ones who bought in at 4-5 time higher pps) have been royally screwed by King Sandy!
Neither are they! Not sure who they think they are convincing.....or trying to persuade that somehow SW just threw out those numbers with no idea what so ever what the real OS or Float is? He must be new at this!
But wait, no he isn't new at this is he?
Still holding all my shares at a much higher pps, but I don't pretend to think that SW just made a mistake and it will all be better in the next filings...
If the OS was 13.6 Billion before the buy-back shares are removed and then 1.7 Billion shares are bought back then the Float should decrease...it did not, it increased to above the value of the OS.....not to mention that the shares bought back are supposed to be purchased on the open market and therefore are being bought directly from the free trading (floating) shares!
Exactly my point!
What Buy-Back? A share buy-back serves to reduce the OS and the Float....did you see a reduction in the share structure?
The OS was 13.6 Billion according to filings before the announcement of 1.666 Billion shares in buy-back was completed...During the Traders Nation interview SW stated that the OS was 15 Billion and the Float was around 14 Billion....NO EVIDENCE OF ANY SHARES BOUGHT BACK!
NONE, ZERO, NO REDUCTION...IN EFFECT NO BUY-BACK!
Would you like to place a gentleman's wager on it Mary??? I for one, know that you are smarter than that!
Good for you Lantz....when you see it on paper expect it to be higher than the roughly or around that Sandy stated on Trader's Nation......LOL!
Or perhaps more of that Buy-back will have taken place by then????
LOL!
Yes, but preferred conversion to restricted shares do not increase the float!
Spin Spin Spin...all you want (not directed at you specifically, but YOU the group attempting to pretend that SW didn't mean what he said etc...but everyone here knows that dilution has occurred in face of a supposed 1.7 Share buy-back!
I don't have to support anything...SW stated it very clearly for all to hear and the market responded immediately after that statement with a huge sell off and you know it!
Guess you must have....our CEO...SW...announced on Traders Nation during an interview that the OS is 15 Billion and the Float around 14 Billion....that is after a 1.7 billion shares in buy-back were already announced (the OS would/should have been reduced to around 12 Billion)....
Also the reason (part) why the pps is currently in the 0.0001/0.0002 pps range.
Uhhh....Hello...so how is it that the OS and the Float increased with a supposed 1.7 Billion share buy-back supposedly already completed???
Might as well be a pinkie for all intents and purposes!
Files important material documents with the SEC months after the fact and has gagged the TA so that no one can verify the share structure and does not release regular updates to the shareholders....
sounds like a pinky stock to me....oh and I forgot about the selling billions and billions of SB-2A shares; essentially flooding the market with cheap shares worth less than the current bid/ask!
So where is that share count update????
Isn't it funny how no one can ever convince a paid pumper that there is anything wrong with any investment (no specific investment and no specific individual)!
Wink Wink!
What buy-back....did you see the OS drop or the float shrink???
You cannot have 1.7 Billion shares bought back and then still increase OS and Float! No buy-back was ever completed and certainly not in "effect".....buying shares back to then turn around and sell them immediately does not a buy-back make! If they were ever bought in the first place????
Been around long enough to know how this works!
How can you perform a buy-back while at the same time dumping billions and billions of shares onto the market???
GZFX in its best months still cannot generate enough revenue to run the business (currently)....they (GZFX/GGI/JF) will have no choice but to continue to sell shares to keep the doors open and that means the shares will continue to be worthless! (or at least worthless in terms of a long term investment....anything other than a flip!)
Like I said, I am willing to bet a buck (with AGENT) on it!
No, not interesting....first off...JF has already clearly stated for all to hear that he would not buy-back shares with funds he just raised through the sale of shares!
Secondly...until JF states that he is going to buy-back shares....it isn't worth discussing as a remote possibility...
Third....I believe the snake will change his tune when it comes to an RS....and all of a sudden, it will be for the benefit of the shareholders...blah blah blah!
I will even wager a buck on it if you like AGENT!
The value would be less than the current assests because of continual dilution...I know I don't have to describe to you how that works...if the company is worth 1 Million dollars and it has 1 Million shares outstanding than the lowest fair market value (valuation of 1) would be 1 dollar per share.....if however, the company dilutes and dilutes and then you find that it now has 5 Million shares OS then the fair market value would be 0.20 pps....again assuming a multiple of 1...
Given that GZFX is a startup company and even now currently has essentially no brand recognition, it is trading on the OTCBB (and some could easily argue should be on the pinksheets under the current conditions) what would you think a fair multiple should be....IMO....1 or less! In the older days when investors had faith in JF's abilities, word, etc....and before the dilution...much higher multiple was easily expected!
"Yeah"...and nothing more!
"miss guided".....LOL.....is that the politically correct way of saying he lied??
No way GZFX is valued at 10M....Fib, what does GZFX have in terms of tangible assets that would allow GZFX to be valued at a higher price???
They own no properties!
They do own Games and DVD's (which are devalued as soon as they are opened)
They have few subscribers compared to NetFlix or BBI or even GameFly or.....
They are not well known or branded.
Sorry, but with all the dilution that GGI and JF are generating the pps is exactly where it should be...IMO...I still believe that the 0.0003/0.0004 range is coming up....just waiting for the share count update! My guess is that JF will not release those numbers until he has something positive to release to counter the dilution with.....just a hunch!
Why would JF freeze funds being channeled to his own consulting service???
I re-read your initial post and now see that I misinterpreted the sentence....thankyou for the correction!
Which we manage for Mr. Dave Metzler????? Manage??? LOL...things just keep getting worse...so much for revenue streams from those areas of interest!
Duhhh....absolutely! YES, YES, YES.....as long as the reputable part remains true!
Not with Billions more SB-2A shares to be dumped onto the open market due to "toxic financing"....no way this catches up to anything without first addressing GGI and dilution....and IMO also share structure!
We aren't talking about a few million shares here and there...we are talking Billions and Billions more to be added to the OS and float!
Completely agree with everything you stated....now if only the CEO of BKMP would wake up and stop treating this as his own "playground" or personal finance loan....then perhaps the shareprice would grow along with TFN's growth....
Isn't that the problem here....TFN grows by leaps and bounds, but BKMP is stiffled by dilution, lies, and poorly planned dividends and share conversions.