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Definitely good news, IMO. I do like the way he is releasing the news, as far as share price interest. Dangling that there are hopes of Asian contracts last week after positive show interest, then out of the gate on Monday following, giving more specific info about actual broadcasts there. Nice price rise because of it.
Who knows what this will turn out to be, but network broadcasts have to be a good thing.
This seems sort of like what I have seen out of him after other shows. Maybe this time something else will hit, I don't know. Here is the line that I DON'T like:
"which will lead to a mainstream network deal in the U.S. Market."
It was expressed that this show would produce a U.S. network deal, or at least that's what I took from Pagnano's communication.
Just left me a little limp, as always. Oh well.
They are listed as a registered company on the Sportel America Show Web site. I have never seen them listed before...despite saying that they were going to be at all these shows. This is a promising thing to me, WGL Entertainment as one of the 266 or so companies there.
Who knows? I don't know if that means they are an exhibitor, or just registered to be attending the show. But, they are listed officially, which can't be bad, I guess.
Not too bad a day, today. Glad to see some escalation at a time when "something" could be happening at the show. Not to say anything will, just better than nothing.
Tibbcat, you were right on the price retracing. Wish I had waited, in many respects, but think things will head north before too long. Nice call, though.
Key words some should take note of...
"it would be fruitless to begin speculating on certain dates."
*News* - The WGL Million Dollar Shootout Premiers at SPORTEL America
WGL Entertainment Holdings, Inc. (OTCBB: WGLT) announced today that after a very successful run in the UK & Ireland, the WGL Million Dollar Shootout (MDSO) will be showcased at the Miami SPORTEL America event March 12 through 14, 2007. SPORTEL America is the premier venue for sports programming content to be showcased to networks and sponsors worldwide.
"The MDSO will be considered for airing in several markets worldwide. This includes the U.S.A., Canada, Japan, China, South Korea, Thailand, U.A.E, Australia, South America and South Africa," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc. "With the ratings success of the MDSO in the U.K. and Ireland, we expect to close multiple contracts at SPORTEL which will expose the MDSO to a worldwide audience. We are now in a position to take orders for MDSO II & III along with customized versions for Europe and Asia."
WGL Entertainment Holdings, Inc., through its subsidiary WGL Entertainment is the producer of the WGL Million Dollar Shootout Reality Television Series and several other made for T.V. sports entertainment events scheduled to be produced in 2007 and beyond.
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
Source: Market Wire (March 12, 2007 - 7:00 AM EDT)
---------------
Again, always sceptical until I see details and specifics, like what WERE the ratings? There just never is anything specific...which frustrates me.
E-mailed Pagnano about the ratings and the show...short response was the ratings were very good, and expecting a good show. Yawn. Why no PR about the ratings? Typical...show starts tomorrow...still hanging on to whatever hope remains for a US contract.
You certainly could be right, tibbcat, I am no chartist. This probably should retrace immediate gains, but it just feels like this is the time for this stock. I don't see selling it off right now after this last PR, unless you are playing pure price/chart scenarios. From the company performance standpoint, things seem well prepped to move. At least I bet on that. Hoping for the best.
Decided to move some more $$ over here from another dead stock today. Interested (finally) in the possible progress being hinted at. In this a little more aggressively now, hoping for the best. GLTA.
Price will rise tomorrow, here's why:
I just sold of 25% of my holdings here, after much anguish. I finally decided to stop watching opportunities go by in waiting for this investment to show me something. I actually waiting about 3 months longer than I had planned, and just couldn't wait any longer.
Hope and faith (for me) has been replaced by second guessing and looking around. Maybe I'm shallow, but the fiasco with the investor relations "company" really made me take a step back.
Will be looking hard at selling more in the near future, if I can't see any progress on a building or anything else. I still can't believe that in all the time I've been here, we haven't heard one thing about ANY of the patents this company has filed.
Sigh. Sorry, fellow longs. Still hopeful that someday this is a great one. Just have to take a shot elsewhere for a while. Cheers.
Got word from who/where? A guy in a bar? Pagnano in a bar? Considering that the company did not pay the winners from the original show, I doubt they could afford Tiger.
Alas, the devil remains in the details. Thanks for the perspective, FFF. Of course the last guy is the guy they keep referencing when they talk about all the gold that Drake is sitting on top of...
All of that may be true. I've also seen some of the others hired to take care of business, most of them are named individuals that could be referenced, good or bad.
I'm not saying none of that is true, I was just asking if you knew who it was, specifically, or if you were referring to an unnamed person whose references came from some kind of update.
The last professional they hired to do this job did not complete the task, for what it's worth. We got the name on that one. I know you believe most of what you read, that is your perogative. I was just looking for specifics to back up your claim, that's all.
With all due respect, who is the "pro"? What are his/her credentials and experience?
How can you say that the company is well versed in all aspects and requirements, when the only ones that have come out have not gone through?
Seriously, some things just have to be called out.
I'm not sure what the part about retrofitting means. Thanks for posting that e-mail...I did like the sound of it, although nothing really important there. Does he mean that these companies are spending money in their organizations to prep for implementation of AIDO products in tires? Meaning, essentially, we are just waiting for this to happen, and then we sign contracts with all of them and sell millions of tags, readers, etc immediately thereafter? I hope you get my question...seems kind of presumptuous in a sense...
In short, are we sure that AIDO is the tag system of choice with these companies, and we should expect big sales in the near future? I assume that is the hint, just no idea if it's true or not.
I would suggest that anyone wanting to do any real DD on this company start with paid pumpers post and go from there. It is a perfect explanation of why anything Clayton puts in a PR - which is the only info we get about this company - can be looked at critically. Excellent post, pp.
Curious about your comment about "verifiable" reserves on the land, tho, pp. Why do you say they are verified? The only "verification" I have seen on this is from Clayton, regarding what someone hired by the company has reported, and then re-adjusted upwards at a later date, all of which evidently was not taken as verifiable by the BLM. I could be wrong, maybe you have more evidence?
Thanks again for a very perceptive post.
I'm not sure of the exact date, but it happened fairly recently. Pagnano said that the R/S had been approved last year by shareholders - I honestly don't remember, but not sure what shareholder feedback was sought or given. He also said that after the last show airs, we will receive ratings info, which will help get a U.S. contract this spring. Take it all for what it is worth. I dunno.
Drake Gold could make money, it's always possible. I don't know what the ratio of money-making startup junior miners is, I've heard it's a low number, but this one could be good. Who knows? As for the "gold in the ground", the numbers that have been provided, revised, and are now being reviewed by the BLM independently, they remain estimates provided by Clayton. It is up to the individual what to believe here. Some believe him from past experience, others do not. And so it goes in pinkie land.
I'm going to take a break for a few days as I have a project that deserves more attention than I have been giving it. Good luck to the believers and doubters, all. Hopefully when I check back, the permits will be here and the price will skyrocket. I know there will be plenty of unchecked excitement going on for a while. Enjoy!
Golden, I am not referring to the permit situation when I am talking about his being truthful. I'd say that falls more into his understanding of gold mining management and his lack of experience, more than anything. The fact that he is the CEO of this company with little to no mining experience is an issue that each person must decide on for themselves. The track record of performance with this company alone tells a pretty good story.
As for the assets being a big deal or not, I would agree that they really never amounted to much of anything, since they were not able to sell any product or the patented process when they were in that business before. So, I never thought it would be worth much after the fact. The point is, we were told in a PR, and others have hinted that Clayton has said that these assets were worthy, were going to be sold, had several interested "buyers" bidding on them, and the proceeds would be returned to shareholders. Then, we hear he said they had already been sold and profits used elsewhere. Then, we hear in response to being questioned about the assets, that he is off to a meeting to talk about selling them. The point is not the assets, it's about Clayton and what he says.
This goes directly to questioning the motivation, professionalism and honesty of Clayton, no more, no less. Since Clayton in many ways IS this company, by bankrolling it (his words, not mine), and the information coming out about it comes only from him (no real board members to speak of, no other management to speak of, etc. There are partners, and people who have signed on, some sound good, some have been released after embarrassing situations.
I still can't figure out the excitement of backing Clayton, who has no mining management experience, who wears many hats, and spends a lot of time promoting a lot of companies, including the previous companies in this lineage that failed, plain and simple, partially under his direction.
There is a track record in other companies, that people point to, and it sounds like some of those have been successful investments for some. No problem with that. This one currently sits far below where it started, and could go either way from here.
Have a good one.
To err is one thing. Either we have Clayton, or one of the two other people who have told us what he told them, outright lying.
Not a lot of wiggle room in that scenario, as I see it. I don't see the motivation for the two people to lie, but maybe you do.
Sure, why not? I consider it a hobby at this point...ha. It is pretty entertaining watching the events unfold with this ongoing saga.
And hey, if the fellas hopes and dreams do come true, I might make back my restructuring fees for the past two companies, and skyrocket to the golden moon right along with them.
Not much more to lose here, so, what's the difference? Might as well see how it plays out. It could go up, right? Good luck to you.
This is exactly why Clayton wants to talk on the phone and does not like to conduct any info-business via e-mails anymore. He used to be good at it (returning e-mails), and then realized that a comment in an e-mail can be referenced and repeated, and statements made in them can be held to standard. A phone discussion can be dismissed, denied, misinterpreted, and can be easily manipulated and guided by a good talker/salesman.
For instance, in the past few posts, we have learned that Clayton told one person that the assets have already been sold and the money was used for something else (never reported in a PR, of course). Then we see that someone else talking to him on the phone more recently, when pressed on the issue, reported Clayton was ironically just going to a meeting in 30 minutes with the prospective buyer to possibly get better worth for them - i.e. not give the assets away for no value, etc.
There is really nothing much that can be confirmed about this company other than what Clayton reports. It's up to the individual to determine what to make of what he either tells them, or avoids discussing. I'd say the scenario above is as good a reason for anyone to not blindly follow his verbiage. Others with a ton of shares will of course dispute that fiercely, for obvious reasons.
To each their own. Sounds like plenty of questions being asked here that are appropriate, mark. Good luck in your search for the truth.
Gee, maybe since NASCAR fired up again...we can sell some more tags...lol.
Have a good weekend, everyone.
Thanks for the update...if it doesn't work, I think I'll volunteer to be the next loss-taker, for the good of the cause.
I certainly agree that it can't/couldn't be worth that much. That is, sadly, the point. Undelivered upon, hyped promise. A repeating theme, also sadly.
Have a good weekend.
I understand, gold...very good...lol. I needed that...I am a little black today, getting tired of the cold February weather, I guess, and enduring a reverse split in another investment. Just think it's funny how certain people just hit and run in this forum, and avoid things. Funny, not, in actuality.
As for your comment mark, for someone supposedly so focused on doing proper DD on your recent investment, not seeing the importance of accurate PRs and subsequent follow ups on promised and highlighted shareholder benefits and company endeavors, it seems a little head-in-the-sandish, to continue your sandbox theme. Thus endeth a very long run-on thought.
Cheers.
I agree with you, I just don't think that's the point here. The point is, shareholders and shareholder prospects were told that they WERE unique (and worth mentioning as being important enought to highlight) and that offers had been made, benefits were coming to shareholders, etc.
And no further mention, for nearly, what, a year?
The point goes to the practices of the PR writer/President/Board Member, etc., and follow through, reality, expectations, etc. We are told to believe in the person/group, and look at all the successes as proof this one will turn into something. There are obvious chinks in this armor and theory, if you care to look at it objectively. If you are afraid of that, well, that is another story. Not saying that you are, personally, just sayin'.
Leave it to Mr. Bond to try to "out" someone on a posting board...lol. I do own shares, very few at this point, but I do own shares. I had a lot more in the past, but if I post anything else about that, I'm sure my post will be deleted.
Yes, I own shares. That's the truth. The amount of shares is not even funny, at this point, but you seem fixated on this. I guess it's your move now, Mr. Bond...lol.
Isn't THIS exciting?!?
Pagnano e-mailed me back, again (I kind of was negative about the ongoing promises/delays in the U.S. contract), and let me know that the U.K. ratings results would be in next week, which would lead to a U.S. contract.
Just passing it along, nothing proprietary in any of this, I don't think, and all fairly interesting news. Depending on what you believe, of course.
I do want to hear about the numbers, for sure.
I'm wondering if anyone more plugged into the communication process of the company is going to ask for information and clarification about Stonebridge? I would ask that if someone can get info about it, I would love to hear about it.
This really disturbs me, a lot. I'm way to tied in to quality marketing and PR to just let something like this go by. I've seen those that hope the connection is good because the guy is in investments and knows some people, but that seems to have NOTHING to do with PR and investor relations.
This one really has me befuddled, and ready to unload.
That's a fair point, and thanks for addressing it (since apparently the author of the comments won't), but what then would you make of the following comments about the buggy whip technology:
"The assets are very unique and we have had some very interesting offers put on the table. Another company who deals in outdoor products, sports products and apparel has approached us, and they have made several offers for the purchase of these assets.
There are two likely scenarios, either a cash and stock transaction or an all stock transaction in which all stock would be issued as a dividend to current DKGR shareholders as of a soon to be determined record date."
The company has long maintained that there was inventory that could/would be sold that would benefit shareholders. I just think it appropriate that the topic be discussed and addressed, especially by those who reference it, and who made a PR about it to draw shareholder interest.
Here is his response, short and sweet, expected, and typical. I don't remember specifically the reverse split shareholder vote, but I don't think anyone every votes on anything except him...ha. I am glad it is just a 1/100 and not worse.
A RS was approved by shareholders last August.
We will have a RS 1/100 effective on 2/20 "WGLT"
This will attract new investors and create better shareholder value in the long run.
We should have a US deal for the MDSO to announce next month.
- Mike Pagnano
What do you like about INXR...I know nothing about it?
He has responded to me, several times, Kinder. I haven't always liked the responses, but he has responded.
I forgot to ask a follow up a while back, to Zero's claim of doing DD on the company assets that were going to be sold to generate revenue and possible a dividend to Drake shareholders. You said that these assets were and are garbage. Can you explain to us what those were/are, and if they were/are garbage, why did Clayton blow them up to be something to be excited about for shareholders? Most people read the PR on that, and at least one company was supposedly very interested in bidding on those assets.
Thanks.
Also, I really hope it's not a 1000-1 split, and stays at 100-1 or 10-1. I don't have a bazillion shares, and I would rather see a lot more shares than not, at this point. Maybe idealistically selfish, but I need to see a lot more performance before I just give away shares.
I e-mailed Pagnano about the split...FWIW.
I've held and watched for a while now, probably more than a year, I guess, don't remember...ha. Hopefully the "something in the works" is the darned US network contract - and I have no problem with a reverse split IF - IF - something is actually happening on that front. Otherwise, it's just the guy making the share structure look better at my expense.
I will stay in touch - very interested in what this guy is doing with my money.
Here we go again. Nice to see that the guy has to operate out of such fear that this cannot be talked about prior to it being done. No doubt it probably is good if the company is actually real or moving towards a U.S. network contract, but I've yet to see this thing follow sensible suit. So much for all my shares...
Thanks a lot, bp. Plenty of interesting jr miner plays out there, to be sure. Expertise from a successful student of them would be great to see. Good luck to you.
Ok, James Bond. Whatever you need. No response is needed to my post, by the way. Kind of a rhetorical situation, really.
Cheers.