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it's early...let's see where the SP is later this week
anybody know what they did for themselves with the A Shares?
LOL! Pharmacy closed today?
BTW...that rebuttal spin on gagged TA was weak...better luck next time
strike 2 has alot to do with strike 3 (revenues...lol)
scoff at my DD all you want....but when this turns into a fiasco with strike 3 you wont be here anyway as you will have sold out and moved on
already have many bagholders in the 4's and 5's
they will have YOU and some colleagues to thank for holding on a little longer while the company sells open market and their shares become next to worthless
IMO
be back later as I DD how they have changed the game on their Preferred Serie A shares...preliminary guessing here that A Preferred just got better for the insiders.
Will let you know
Island Stock rarely gives share structure, prove me wrong.
old news that I brought to the board just a couple weeks ago
AS raise of only 300M to 1B (remember the CC) would have allowed for preferreds (200M shares common)to convert and 100M X .05($5,000,000) left over for the 5M needed to market product
obviously they raised an additional 500M shares because they will only be getting 2 cents or less when this tanks
wait til the shorters get this news...might have it already...could tank at any moment when they put a market sell in @ .02 ...sell all the way down and cover.
saw it happen with the sponge guys
you know what..if you dont think the raise in the AS will hurt the SP...back up what you post and start hitting the ask
you cant say that with certainty.... TA is gagged
didnt show up til today...I looked this morning b4 I bought ..was still 700M
big Bieber launch today and coincidently raise the AS within hrs of the PR
slap in the face
conversion of preferreds only needed 200M to 900M and to cover financing to 1B which is what your CEO told you it would go to
500 extra million? for what?
These clowns have no respect for their shareholders
Strike 1 initiated
700M AS baloons to more than double 1.5 Billion shares in the AS in the last hr
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=pxAfEYt3CFKIifloKlMjDw%253d%253d&CorpName=OPTIONS+MEDIA+GROUP+HOLDINGS%2c+INC.
Action Type: Amendment
Document Number: 20110419499-30 # of Pages: 2
File Date: 6/03/2011 Effective Date:
Previous Stock Value: Par Value Shares: 700,000,000 Value: $ 0.001 Par Value Shares: 10,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 710,000.00 New Stock Value: Par Value Shares: 1,500,000,000 Value: $ 0.001 Par Value Shares: 10,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 1,510,000.00
gonna miss a good flip
filings are good but there are other places to DD to get the real scoop
2 minutes til blood bath
Yep...I picked a bad time to try a flip
bad news coming in 5 mins that will tank this stock
IMO
did everyone take profits?
I guess it was a bad time for me to try and flip this POS
I'm out with very small gain
I believe I got my message across in my previous posts...there are still some issues here that I brought to the surface. Based on all the hatred towards my posting by the longs, it garnered enough attention by many to do some more DD into the company and see some of the negative possibilities that can arise going forward. AS, conversions, lifted restrictions, etc
With that said, I felt it was prudent to let the board know that I took a position on the dip this morning....strictly for the purpose of flipping
because of my past posts and now this disclosure of taking a position, I will not be posting here positive or negative...not my style
GLTA,
Not a hypocrite,
Jimstr
Did Mike the Puke lie to you again or did I read the PR on May 31 wrong?
Told you cast would be announced before pincipal photography but now under wraps.
Just another in a long list of dangling carrots for the stuckholders.
Los Angeles, CA US, May 31, 2011 (Filing Services Canada via COMTEX) -- Mike
the Pike Productions, Inc. (MIKP - OTC Pink),announces final negotiations with
key cast members for MTP (MIKP)/Spoke Lane production of 'White Space', a
deep-space thriller echoing classics such as 'Jaws', 'Mutiny on the Bounty' and
'Alien'.
Producers Ryan Colucci, Jim Devoti and Mark B. Newbauer have been working
diligently on the project which is currently on schedule for June 6, 2011
principal photography, shooting in visually compelling locations such as L.A.'s
Chinatown, Franklin Canyon Park, www.newdealstudios.com, www.filmworksfx.com,
and http://www.lcstages.com/spaceship.html.
"Cast will be announced in line with industry protocol, as with our other items
of note, but will occur before principle photography commences," states MTP
CEO/Producer, Mark B. Newbauer.
Today's PR
LOS ANGELES, Jun 06, 2011 (BUSINESS WIRE) -- Mike the Pike Productions, Inc.
(OTC Pink Sheets: MIKP) (www.mtpprods.com) announces today that the company, in
partnership with Spoke Lane Entertainment and White Space Productions, LLC,
launch principal photography this afternoon on 'White Space', a sci-fi thriller
in the vein of 'Alien', 'Mutiny on the Bounty' and even 'Jaws'.
Producers expect the film to garner multi-million dollar returns, "but moreso,"
states MTP CEO, Mark B. Newbauer, "a finished project of this magnitude,
produced outside the traditional studio system, is one that opens many doors; so
though profitability is a definite plus, the significance of 'White Space' for
all involved is that we're confident it will lead to much larger opportunities,
including access to private funding for successive projects we currently have in
development, such as George R.R. Martin's (HBO'S Game of Thrones creator) 'The
Skin Trade', and a very exciting project the company has optioned the rights to
which will be announced in the near future."
Further, producers are in discussion toward franchising the story and characters
in the form of graphic novels, merchandising, prequels and more.
With principle photography launching today, Newbauer acknowledges that cast and
crew are in place but are currently under wraps in line with Sales and PR
strategies for the project itself. "I can say we've assembled an impressive cast
of top-notch players and we'll be releasing names over the next few weeks."
Strike 1...raise in AS...confirmed by CC
Strike 2...Company name and CUSIP CHANGE
there is not a more frustrating and helpless feeling as watching a stock tank and you cant sell because of the freeze on your account due to a name/Cusip change.
Strike 3...TBA
I called company on Wednesday to ask about current share structure...Frohman was on another line and was suppose to call me back...
still waiting
got a link to company website with current info then?
these are Series G preferred shares sold for 100.00 per unit..ea share preferred converts to 10,000 commons
$100.00 divided by 10,000 equals .01 (price per common after conversion)
Red D rule 506 says they are restricted for 1 yr unless:
they register the security...and then can be sold immediately
http://www.sec.gov/answers/rule506.htm
Rule 506 of Regulation D
Rule 506 of Regulation D is considered a "safe harbor" for the private offering exemption of Section 4(2) of the Securities Act. Companies using the Rule 506 exemption can raise an unlimited amount of money. A company can be assured it is within the Section 4(2) exemption by satisfying the following standards:
The company cannot use general solicitation or advertising to market the securities;
The company may sell its securities to an unlimited number of "accredited investors" and up to 35 other purchases. Unlike Rule 505, all non-accredited investors, either alone or with a purchaser representative, must be sophisticated—that is, they must have sufficient knowledge and experience in financial and business matters to make them capable of evaluating the merits and risks of the prospective investment;
Companies must decide what information to give to accredited investors, so long as it does not violate the antifraud prohibitions of the federal securities laws. But companies must give non-accredited investors disclosure documents that are generally the same as those used in registered offerings. If a company provides information to accredited investors, it must make this information available to non-accredited investors as well;
The company must be available to answer questions by prospective purchasers;
Financial statement requirements are the same as for Rule 505; and
Purchasers receive "restricted" securities, meaning that the securities cannot be sold for at least a year without registering them.
__________________________________________________________________
would be nice that if posters are going to cite any part of the rules, that they dont selectively omit other parts
OPMG doesn't either as they haven't updated the about us on the website
http://www.optionsmedia.com/about.aspx
.038 setting up on L2
I called TA...put me on hold to speak to Oksana...she said I had to make the request by e-mail....if they know they wont ever get authorization from OPMG to release share structure, why waste our time sending e-mails and getting no response?
read bottom to top...my request...her reply
RE: share structure info
From:
Oksana Savchenko <osavchenko@islandstocktransfer.com>
To: Jim XXXXXXX <jimstr@XXXXXX>
Hello Jim,
I have asked the company’s authorization to release this information to you. In meantime you can also contact the company directly.
Thank you.
Best Regards,
Oksana Savchenko
Associate of Operations
I s l a n d S t o c k T r a n s f e r
Full Service Transfer Agency
Description: 1
100 Second Avenue South, Suite 705S, Saint Petersburg, FL, 33701
Office phone: 727-289-0010 ext. 266 | Fax: 727-483-5436
Email: oksana@islandstocktransfer.com
web: http://www.islandstocktransfer.com
From: Jim XXXXXXX [mailto:jimstr@XXXXXX]
Sent: Friday, May 20, 2011 2:02 PM
To: Oksana Savchenko
Subject: share structure info
Options Media Group Holdings symbol OPMG
Please provide the full share structure that you are able.
AS, OS, restricted, float,etc
also, if any restricted stock have had legends removed recently or in the near future would be greatly appreciated
TIA,
Jim
TA told me the same thing 10 days ago...but in the mean time to call the company...haven't heard back from TA
Frohman was on CC last week and wasn't prepared to give out the SS
I am waiting on a return call from Frohman...just called..he is on another line
Will let you know what I find out
Jimstr
the TA IS gagged...call and e-mail yourself if you don't believe us....will not tell you the current share structure
Great move by WDRP to protect themselves with the new patent. An outsider (Testing lab) is going to be looking at the protoype...no reason to give this new innovative safety standard to the water heater industry for free....make the competition pay us for every water heater made that uses it as well.
I'm not mechanically inclined and would like to defer to Tony, a genius in the field.
Tony, can you think of any uses outside the field for this IP? heating liquids other than water?
By expanding our IP portfolio and intellectual property to include innovative safety standards, it is conceivable that we will enhance our revenue stream by licensing them because they are likely to be required for this product category's safety standard," said Wanderport's CEO, Richard Martel.
From the 10K, where we got this info, you can see that only 2,650,000 of these shares are restricted... the rest are free trading or can be within 60 days of the report
Hi Jimstr,
My pleasure. Let me consolidate this post and address some other questions that were brought up by posters regarding beneficial ownership, specifically what Bieber and Crew currently owns.
Here is a complete schedule of beneficial ownership:
Title of Class Name and Address of Beneficial Owner Amount of Shares Beneficially Owned (1) Percent (1)
Common Stock Scott Frohman (2) 99,249,575 17.9%
Common Stock Steve Stowell (3) 2,472,917 *
Common Stock Keith St. Clair (4) 84,500,000 16.2%
Common Stock Hakan Koyuncu (5) 533,333 *
Common Stock Russell Strunk (6) 1,656,250 *
All executive officers and directors as a group (5 persons) 188,412,075 30.3%
5% Shareholders:
Common Stock Gerald Unterman (7) 68,387,500 13.7%
Common Stock Anthony Sasso (8) 87,499,575 16.1%
Common Stock The Big Company, LLC (9) 80,000,000 15.4%
Common Stock Justin Bieber Brands, LLC (10) 51,714,954 10.2%
Common Stock Remster 2, LLC (11) 51,714,954 10.2%
——————
*
Less than 1%
(1)
Applicable percentages are based on 456,409,159 shares outstanding adjusted as required by rules of the SEC. Beneficial ownership is determined under the rules of the SEC and generally includes voting or investment power with respect to securities. Shares of common stock subject to options, warrants and convertible notes currently exercisable or convertible, or exercisable or convertible within 60 days after the filing date of this report are deemed outstanding for computing the percentage of the person holding such securities but are not deemed outstanding for computing the percentage of any other person. Unless otherwise indicated in the footnotes to this table, we believe that each of the shareholders named in the table has sole voting and investment power with respect to the shares of common stock indicated as beneficially owned by them.
(2)
Mr. Frohman is a director and an executive officer. Consists of 2,250,000 shares of restricted common stock, stock options to purchase 9,500,000 vested stock options and shares of Series E which votes on an as converted basis.
(3)
Mr. Stowell is an executive officer. Consists of 200,000 shares of restricted common stock and 2,272,917 vested stock options.
(4)
Mr. St. Clair is our Chairman. Includes 18,000,000 shares of common and 62,000,000 warrants owned by The Big Company, LLC, which Mr. St. Clair is a manager. Also includes 2,500,000 vested stock options.
(5)
Mr. Koyuncu is a director. Represents 200,000 shares of restricted common stock and 333,333 vested stock options.
(6)
Mr. Strunk is a director and an executive officer. Represents vested stock options.
(7)
Includes shares of Series G and Series F which vote on an as converted basis. Address is 610 Park Avenue, New York, NY 10065.
(8)
Mr. Sasso is the President of PhoneGuard. Consists of Series C which vote on an as converted basis. Address is 123 N.W. 13 th Street Boca Raton, FL 33432.
(9)
Represents 18,000,000 shares of common stock and 62,000,000 warrants which are included in the securities held by Mr. St. Clair in Note 4. Address is 81 Isle Of Venice Drive, Ft. Lauderdale, FL 33301.
(10)
Represents warrants. Address is c/o Aaron Rosenberg, 11601 Wilshire Blvd., Ste. 2200, Los Angeles, CA 90025.
(11)
Represents warrants. Address is c/o Paul Rothenberg, 270 Lafayette Street, Ste. 204, New York, NY 10012.
=================================================================
I think it's clear who is entitled to what. From the schedule above we can see that about 65.3% of the OS are owned by Management and Bieber & Crew, so that is roughly 298 millions share of the O/S. Not bad!
Now, let me go back to your question about the restrictions I mentioned. Sasso and Frohman own Series C and Series E. Frohman was initially granted 70 million shares as stock option in April 2010 but that was changed to Series C (has 129,629 per share voting right) and again to Series E which has a much higher voting right. This gives Frohman 87,499,575 shares of votes (smart move).
When the Bieber agreement was signed, the vesting provisions of the two Series were amended which gave 1/2 of the series fully vested to the two guys while extending vesting schedule of the remaining 1/2 to 2013. The remaining vest in equal increments quarterly starting on August 10, 2011. This means, it will take until August 2013 for Frohman to earn the full series. Quarterly Frohman will earn 5.46 million shares. Technically, Frohman has 43.7 million shares that he can sell but he hasn't. The remaining cannot be sold as they have not been vested.
The interesting thing is that in order to be vested quarterly, the executives have to be employed. I wonder if this means Sasso isn't getting the remaining 43.7 million shares since he is no longer employed with OPMG.
I like this compensation plan for Frohman as well as St. Clairs. St. Clair and The Big Company have lots of warrants that can potentially be worth big $$ if the business plan executives properly.
Hope this clarifies.
BB2
BUYbio2
MM for you for an excellent post..ty for being professional and courteous...I agree with and followed your post from what I have read too
Only question I have is if you can direct me to a link, exhibit, pg #, etc where it says these shares are restricted 2 yrs...must have missed that
TIA,
Jim
Further, please understand that more than 50% of the O/S are restricted shares hence we have a relatively small float.
where are you getting this info on restricted shares?
Sasso is the majority shareholder of CSI...
CSI is DBA Phoneguard...
CSI owns the anti-texting program and licenses to PG.
Learned something from your link
CSI is DBA Phoneguard
How can OPMG change their name to Phoneguard if it already taken by CSI?
Or Better yet..Sasso and CSI can cancel the agreement with PG and market it themself
So you think that this anti-texting program was owned by NetQin and enhanced by CSI?????
For the sake of all shareholders of OPMG, you better be wrong!!!
OPMG is selling 2 different products owned by 2 different companies.
1) NetQin's anti-virus licensed to CSI and sub-licensed from CSI to PG
2) Drive safe anti-texting developed by CSI and licensed to PG (NetQin not involved)
CSI enhanced a different anti-texting program that was partially developed....If they had enhanced a NetQin anti-texting program, Netqin would own the IP...any improvement on NetQin property stays with NetQin
http://www.sec.gov/Archives/edgar/data/1413993/000135448811001601/opmg_ex1020.htm
Exhibit 1020
1) General
NetQin is the owner of the property and "all improvements (including those made by the licencee)"
________________________________________________________________
To further prove that there are 2 different products:
"we plan to cross sell the anti-virus software to anti-texting customers as well as attract new customer for the anti-virus software".
2 different products...2 different companies.
__________________________________
to answer your question
ok cool. a few questions then:
so what's the status with NetQin?
PG can still sell NetQin anti-virus through the sub-license agreement with CSI
Phoneguard is still listed as a partner/distributor on NetQin site
not really sure there was a second question as you mixed facts...assumtions, and your own interpretations that I wont respond to.
_______________________________________________________________
My last point is you better hope that NetQin doesn't own the anti-texting IP through CSI's improvement...because PG did not meet certain milestones and the agreement with CSI (sasso) can be cancelled at any time
If so, Sasso, who just got fired, can sublease to someone else instead of PG the (NetQin's Anti-virus-enhanced-with-anti-texting program )
...according to you
Respectfully,
Jimstr
your post was somewhat informant even though the basis was flawed...but could have been considered a TOS violation....off topic (talking about other posters) or personal attack.
I was actually replying to that post to correct you on 1 statement but my post wouldn't work because yours was gone.
CSI (Cellular Spyware Inc) is NOT a wholly-owned sub of OPMG as you stated....PG ( PG Acqusition Corp Inc) is the sub in question that got the licensing deal with CSI
NetQin did not want to enhance their anti-texting app ( competition) so Sasso (CSI) found another app and improved it...PG gave CSI some capital in exchange for the exclusive rights....neither PG nor OPMG own the app...Cellular Spyware Inc (CSI) owns the app (Sasso is majority shareholder)
10Q...page 5
Following PG’s acquisition of the Software, we began to focus on better serving the mobile communications market. Our senior management
realized that texting while driving was a serious national problem. At the time, NetQin was unwilling to commit resources to enhancing its antitexting
software. The principal shareholder of Cellular found an anti-texting product that had been partially developed. Because the Company
did not have the financial resources to acquire this other anti-texting product, it permitted the principal shareholder of Cellular to use Cellular’s
existing cash balances and personal funds lent to Cellular to acquire and enhance the product. We agreed to provide the remaining capital to
complete the development of DriveSafe and in furtherance of that agreement, we paid cellular $110,000 to complete its development. In
exchange, we entered into an agreement with Cellular in August 2010 giving us an exclusive license for North America, Central America and
South America.
3 day weekend...last hr could get ugly