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Humm, What do you think? Is their something funny going on with some consultant getting hundreds of millions of shares and billions of warrants to advise them on financing when they are saying to you they do not intend to do any more dilution? I expect the Wgl to issue the 6 billion shares they have left this quarter don't you?
The 10k is just filled with statement after statment of how DLC and Gateway will be owed hundreds and hudreds of millions of shares and in some cases even billions of shares for warrents and intrest payments. How can a statement be made Dillution is over?
Here they just paid 400 million shares for advice on future financings. Please remove your post about dillion being over.
In October 2006, we entered into a one year Consulting Agreement with an individual, whereby we agreed to issue the individual 400,000,000 shares of Form S-8 registered common stock, which shares have been issued to date. The consulting services which the consultant agreed to render for us in connection with the Consulting Agreement included advice in connection with future contemplated financings as well as the affect of such financings on the functions and operations of the Company.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4781672&Type=HTML
makesumgravy Hey hold on. I thought opinions were not allowed to be stated as facts? How can you say no more dillution? The 10k states
NOTE 2 - GOING CONCERN
WGL Entertainment has incurred losses totaling $20,042,147 through September 30, 2006, and had negative working capital at September 30, 2006. Because of these conditions, WGL Entertainment will require additional working capital to continue operations and develop the business. WGL Entertainment intends to raise additional working capital through continued financing arrangements with its current debenture holders, private placements and public offerings.
Now thier it clearly states more dillution. I will post a few more. Please delete your post.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4781672&Type=HTML
See how the pr's change!! They change a few words and it goes from happening last month to who knows when!!!
This is a cut and paste of the pr. Below a cut and paste from the 10k just filed.
WGL Entertainment to Partner With The Online Golf Challenge.Com
Tuesday September 5, 7:00 am ET
ORLANDO, FL--(MARKET WIRE)--Sep 5, 2006 -- WGL Entertainment Holdings, Inc. (OTC BB:WGLE.OB - News) announced today that it will form a strategic alliance with Online Golf Challenge.Com to host worldwide qualifiers for the WGL Million Dollar Shootout (MDSO) season two. Players from all over the world will pay a $39.00 entrance fee and play four virtual rounds of golf on four different world-class venues. Six players from four different handicap classes (A, B, C & D -- 24 total) will be selected to participate in MDSO ll, based on the lowest four round total score. The qualifiers will begin in October 2006 and continue through March 2007. MDSO ll North America is scheduled to be produced in April 2007.
This is from the 10k just filed.
As of the filing of this report, we are in negotiations with Online Golf Challenge.com, to host worldwide qualifiers for our next MDSO which is tentatively planned to be produced in the second half of 2007, funding permitting (which we have not begun production of and do not currently have sufficient funds to produce), which would allow potential contestants to play virtual rounds of golf. No final agreement or understanding has been reached with Online Golf Chanllenge.com to date and no qualifying tournaments for any subsequent MDSO's have been held to date, nor are there any immediate plans for such qualifiers.
Wow, get ready for the dillution machine!! Man oh man was somebody duped!!
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4781672&Type=HTML
makesumgravy see the csua board for sfnn post.
I think it would be a great exercise for you to read the past pr's Here is link to 2003,2204,2005. http://worldgolfleague.com/news1.htm" target="_blank">http://web.archive.org/web/20051104223800/http://worldgolfleague.com/news1.htm
Now the wgl has reported around 700k in total revenue for those three years. http://finance.yahoo.com/q/is?s=WGLE.OB&annual
So for 3 and a half years they claimed 700k in revenue. Now go read the pr's and just add up what they projected and announced and such. Note at the bottom of the list on that link you will see links for 2003 and 2004. And now the Wgl has no revenue for last quarter. http://finance.yahoo.com/q/is?s=WGLE.OB
makesumgravy
I put sub .10 otc companies into three categories.
One companies like wgle. Have never had a legitimate revenue stream for the past 3 years. Are under death spiral financing. Have no cash or net to speak of. These are dreamer stocks and I defy anyone to find one that "made it". Even after a r/s status of these does not change ever.
Companies like gzfx. Legitimate revenue stream. Under death spiral financing. Revenue is overwhelmed by required money to grow with death spiral financing. I guess their may be a tiny tiny percentage of these that survived after one or more r/s. But people are wiped out by the r/s's.
Companies like clsi. Now clsi is as far as I know, is one of kind. Only company I know in the category of no death spiral financing, real revenue stream, real net worth. Actually even making a profit. Now this company has seen it's stock drop 50% in the last couple years because it has no or tiny tiny growth. So why even invest here and they are light years ahead these other stocks. If anyone knows of others I would love to look at them.
nt-10k Issued (link at bottom) when required filing dates are not met. This could push them to the pinks but maybe not. You have a ruling out their about these habitually late filing companies but I don't fully understand it all. I am now thinking an nt filing such as this might now not be what triggers a break in the rule. It may be and I am now leaning towards thinking it is if the 15 day or 30 day grace period this nt-10 filing triggers, depending on year end or quarterly filing, is what breaks the rule if not met. Plus I have no idea what effect changing the company to wgl holdings may have had on the status. They were under the very least category of 2 more late filings in 24 months or so and their booted. As a matter fact I pretty sure they were still under that. The late filing last quarter was filed within the 15 days so no penalty was incurred and status remained 2 mores in 24 months or so.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4761591&Type=HTML
Perhaps that was what some of the 1.5bn shares are for.
1.5bn is worth $450k.
That 1.5 billion shares, and something does not add up there becuase the filing has to be for 2 billion. 1.5 billion for the past finacing to cover the warrents on the money the wgl already got and dispersed as pointed out in the last 10k and 500 million for the incentive plan. The statement "The dillution is over" is quite a fairtale on it's own at the very least.
There are no more shares in the wing. The increase in our shares comes from such filings and are now issued and in the market. The dilution is over.
Now this statement below is now 90 days plus old at the least. So the Wgl looks like it needs this million to stay in biz in the next 60 days. So how can the dillution be over? I would think they would be turning over every rock and be willing to throw stock at anyone with money. Surely the TA would say the dillution is over without addressing these issues. No statement at all was made them being out of cash? They really just blurted out that the dillution was over?
We anticipate the need for approximately $1,000,000 of additional capital in order to continue our business operations, implement our business plan and complete the filming and production of our planned reality television show during 2006 and 2007. Without this additional capital, the Company believes that it cannot operate at its current level of liquidity for more than approximately six (6) months. The Company is taking steps to raise additional debt or equity capital.
Seems fishy to me.
I think you should call the ta back. Look you posted what you deem to be facts that you were given. I have questions and they are very obvious questions that I would think you would know about before you would post what at this point might look like false statements by someone.
There are no more shares in the wing. The increase in our shares comes from such filings and are now issued and in the market. The dilution is over.
If dillution is over how come this is still due and the amount gets higher every month due to intrest payments that are not being paid?
It is imperative that we raise additional capital to stay in business. We require additional capital of approximately $280,000 to satisfy the obligations of our past tournament winners which obligation became due in September 2004.
There are no more shares in the wing. The increase in our shares comes from such filings and are now issued and in the market. The dilution is over.
We anticipate the need for approximately $1,000,000 in additional funding during the next 12-24 months to produce, film and complete post production on the HDHN, which funds we do not currently have.
How can dilution be over when they need a million bucks they do not have to produce HDHN?
This filing does not include the Ceo. The Ceo does not need anymore shares. Mike has 55% controlling vote of the company.
This is from Mikes employeement agreement. Who is misleading who here?
(e) Executive will be entitled to participate in any incentive program or discretionary bonus program of the Company which may be implemented in the future by the Board of Directors.
(f) Executive will be entitled to participate in any stock option plan of the Company which may be approved in the future by the Board of Directors.
Because I happen to know they don't answer the phone anymore and have not since they let Isabel go their only emplyee a long time ago.
I am not bashing the stock. I am discussing the facts of the stock. Just set me straight on any of the points I have brought up and I will glady admit any error I have posted.
The stock is basicly under the total control of DLC capital at this point. But with all the recent and continuing volume you would think at some point the 2 or 3 billion shares should be eaten up and you would get some kind of a spike.
Yes now your beginning to talk straight. Your hoping the stock will be pumped and spike so you can make a quick buck. Nothing wrong with that. I happen to think your beating a dead horse here but you never know. The problem you have is the inability of the Wgl to orchestrate a decent pump. Look at all the money and effort just expended the last few weeks and the pps fell. Plus you have the huge r/s that is approved and while I don't expect they would use it for awhile yet it is hanging over investors heads and as we all know that would be a complete wipe out for those caught by it. Another huge problem is the last info we have the Wgl is in default with DLC. Now if you read in the 10q's about what DLC can do with the WGL being in default it is pretty much anything. They can sell with billions of shares, they can convert billions and billions of shares, they could even demand payment and put the Wgl out of biz. Now they won't do the latter but they certainly are doing whatever they want with the stock.
For the life of me I can't figure out if the Wgl is facing a possible delisting to the pinks this month. Can anyone decipher the ruling?
If you read the below info from the 10qsb it states that if the Wgl is late in filing 2 times in 24 months they will be delisted to the pinks. Now they filed their last 10qsb late, they filed the nt-q filing on 8/14 stating they were late
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4596229&Type=HTML
now if they are late again, and the quarter filing is due anytime now. But I think they changed their year end, and of course they have changed the company name and the symbol from wgfl to wgle so I wonder if any of that saves them from being delisted to the pinks if they are going to be late?
WGL ENTERTAINMENT HOLDINGS, INC. Filed As : WORLD GOLF LEAGUE INC
10QSB 5/22/2006 3/31/2006
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4437625&Type=HTML
IF WE ARE LATE TWO MORE TIMES IN FILING OUR QUARTERLY OR ANNUAL REPORTS WITH THE SEC IN THE NEXT TWENTY-FOUR (24) MONTHS, WE WILL BE DE-LISTED FROM THE OVER-THE -COUNTER BULLETIN BOARD.
Pursuant to new Over-The-Counter Bulletin Board ("OTCBB") rules relating to the timely filing of periodic reports with the SEC, any OTCBB issuer which fails to file a periodic report (Form 10-QSB's or 10-KSB's) by the due date of such report (not withstanding any extension granted to the issuer by the filing of a Form 12b-25), three (3) times during any twenty-four (24) month period is automatically de-listed from the OTCBB. Such removed issuer would not be re-eligible to be listed on the OTCBB for a period of one-year, during which time any subsequent late filing would reset the one-year period of de-listing. As we were late in filing our Form 10-KSB for the year ended December 31, 2005, if we are late in filing our periodic filings two times prior to the expiration of the current twenty-four (24) month period, and/or late three times in any subsequent twenty-four (24) month period, we will be de-listed from the OTCBB, and as a result, our securities may become worthless, and we may be forced to curtail or abandon our business plan.
makesumgravy Look I will make deal with you. I will never post here again if the first answer they give you makes any sense at all. You post exactly what they say or cut and paste the email. I say the anwser will be nonsense. I leave the integrity of the deal up to you if you accept. A lot fun can be had really looking into this company and I have many stories.
Look I just thought it was funny that Pags did it again. All these pr's about deals and contracts and they forgot to set up the website to sign up. I know it sounds incredible but this is like the third or forth time they have done something just like this. Back when they were advertising on tv for retail memberships they forgot to set up the qualifiers online so if you wanted to sign up you could not see where the qualifiers were being held. It just gave you the feeling it was not all real. Then it fell on its face with only hundreds of members instead of the thousands that they said were signing up. No explanation. Just disappeared and all of a sudden it was corporate memberships to save the day. Now a bunch of us were emailing and calling to find out how to sign up for months. Never got an answer. pr after pr coming out about how their were millions and millions in deals and we could not get any info on how to sign up. Then after months of trying the Wgl finally said their would be no direct sign ups, it would only be through corporate memberships. Now they were announcing contracts with credit card companies, auto industry, retail outlets and such. We asked for a list of stores or places we could get a coupon for a membership. We asked in many different ways and could never get an answer. Finally we were told that the corporate memberships were for company outings only. Well since that was in direct conflict with what the pr's were saying we then started asking for the name of a single company that was offering memberships. We never got an answer but the pr's kept coming about how many millions and millions of memberships were going to be redeemed and all these companies were going to hold events. Well then one day we finally got a final answer. The whole program was cancled and any events to be held would be held by the companies themselves. Now I know that makes no sense but that is what they said. They never mentioned the pr's with all those millions and millions of dollars of revenue again to this day.
Then it was mdso to save the day. Never aired. Not one penny in revenue but plenty of pr's about sponsors, deals and contracts. No explanation.
Now it's mdsoII and hot days and night to the rescue and guess what?
Oh, they forgot to set up the virtual game playing and sign up for all these new deals and contracts in the new pr's.
Please note that you have the wrong address and phone number for the company also.
WGL ENTERTAINMENT HOLDINGS, INC.
963 HELMSLEY COURT, UNIT 107
LAKE MARY, FLORIDA 32746
(407) 328-8538
No need for you wait for the wgl to correct your info do it now. The info from the cut and paste below from the register form on the website you are using is from the old shootout and clearly anyone can see this refers to last years events as they talk about the auditions happening all over the country not online with virtual golf games as the Sept 5 pr refers to. Look I don't want to report this false info to ihub and the sec so correct it asap. I think you are confused and not posting false info on purpose but others may not think so. After you have done enough DD on this company you will find that things often do make sense so be careful with your info.
Register now for the airing of the Million Dollar Shootout
Would you like a chance to win $1,000,000 on a national stage in front of millions of viewers? Can you handle the pressure? Well, if the answer is yes, register today to be included in upcoming auditions for the second season of the WGL Million Dollar Shootout. Auditions will be scheduled all over the country as four-player-team scramble golf events. What are you waiting for? Experience lights, camera and action on an 18-hole stage, just like the PGA Tour players.
Register today!
Now the recent pr's you see for the new deals or contracts refer to mdso2 for the most part, some talk about hot days and nights but most are mdso2. Again mdso1, which was filmed over a year ago and turned down by all the networks except pax is what the website at http://wglmilliondollarshootout.com/ was. That is over with. The wgl paid 150k to Pax tv to cancel the contract. The show (mdso1)was never aired and is now dead. The website at http://onlinegolfchallenge.com/ has never been changed for people to sign up or play the 4 virtual rounds of golf in order to qualify but never the less this is the current website for mdso2, not the one you are listing. Please correct your info and stop posting incorrect information. It is misleading!!!!
Press Release Source: WGL Entertainment Holdings, Inc.
WGL Entertainment to Partner With The Online Golf Challenge.Com
Tuesday September 5, 7:00 am ET
ORLANDO, FL--(MARKET WIRE)--Sep 5, 2006 -- WGL Entertainment Holdings, Inc. (OTC BB:WGLE.OB - News) announced today that it will form a strategic alliance with Online Golf Challenge.Com to host worldwide qualifiers for the WGL Million Dollar Shootout (MDSO) season two. Players from all over the world will pay a $39.00 entrance fee and play four virtual rounds of golf on four different world-class venues. Six players from four different handicap classes (A, B, C & D -- 24 total) will be selected to participate in MDSO ll, based on the lowest four round total score. The qualifiers will begin in October 2006 and continue through March 2007. MDSO ll North America is scheduled to be produced in April 2007.
ADVERTISEMENT
"The Online Golf Challenge allows WGL Entertainment to expose the MDSO to a worldwide audience while providing players from all over the world the opportunity to participate in future programs. WGL Entertainment plans to produce a European, Australian and Asian version of the MDSO for airing exclusively in those markets for 2007 and beyond. Online qualifier entrance fees will support the cost of production and prize payouts. Based on Online Golf Challenge.Com research, as many as one million players worldwide could participate in MDSO qualifiers," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc. The Internet qualifier is only the beginning for the MDSO brand online and will actually lead to mini shootouts being played online all year long.
makesumgravy What event are you even talking about. Your link for the million dollar shootout is for mdso1. That was filmed over a year ago and was never aired. All the contracts for the celebrities have run out. Now if your talking about mdso2 then the link to sign up for that is http://onlinegolfchallenge.com/ Here is cut and paste of the pr.
WGL Entertainment to Partner With The Online Golf Challenge.Com
Tuesday September 5, 7:00 am ET
ORLANDO, FL--(MARKET WIRE)--Sep 5, 2006 -- WGL Entertainment Holdings, Inc. (OTC BB:WGLE.OB - News) announced today that it will form a strategic alliance with Online Golf Challenge.Com to host worldwide qualifiers for the WGL Million Dollar Shootout (MDSO) season two. Players from all over the world will pay a $39.00 entrance fee and play four virtual rounds of golf on four different world-class venues. Six players from four different handicap classes (A, B, C & D -- 24 total) will be selected to participate in MDSO ll, based on the lowest four round total score. The qualifiers will begin in October 2006 and continue through March 2007. MDSO ll North America is scheduled to be produced in April 2007.
ADVERTISEMENT
"The Online Golf Challenge allows WGL Entertainment to expose the MDSO to a worldwide audience while providing players from all over the world the opportunity to participate in future programs. WGL Entertainment plans to produce a European, Australian and Asian version of the MDSO for airing exclusively in those markets for 2007 and beyond. Online qualifier entrance fees will support the cost of production and prize payouts. Based on Online Golf Challenge.Com research, as many as one million players worldwide could participate in MDSO qualifiers," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc. The Internet qualifier is only the beginning for the MDSO brand online and will actually lead to mini shootouts being played online all year long.
So does this mean that the prize money from the 2001 tournament has never been paid all these years? Boy if that is true how does it reflect on integrity of the company officers?
WGL ENTERTAINMENT HOLDINGS, INC. Filed As : WORLD GOLF LEAGUE INC
10QSB 8/21/2006 6/30/2006
WE ARE IN DEFAULT ON NOTES THAT WE ISSUED TO THE WINNERS OF THE 2001 WORLD GOLF LEAGUE NATIONAL TOURNAMENT.
We entered into a Stipulated Injunction with the State of Florida, Office of the Attorney General in July 2003, regarding a settlement of our unpaid obligation to the winners of the 2001 World Golf League National Tournament. During the fiscal year ended December 31, 2003, we executed notes payable to the winners of the 2001 World Golf League National Tournament for an aggregate of $300,000 bearing interest at 5% per annum. The notes became due in September 2004, and the remaining balance owed as of June 30, 2006 of $280,081 is in default. As discussed under the heading "Legal Proceedings," an individual has sued us alleging that they are one of the winners of the 2001 World Golf League National Tournament holding one of the notes which is in default in the amount of $22,500, and such individual has obtained a default judgment against us in the amount of $22,500. Other plaintiffs may file lawsuits against us regarding the notes. If this plaintiff, or other plaintiffs who may sue us, are successful on the merits of their cases, it could have a material adverse effect on our financial condition, liquidity and results of operations.
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4613412&Type=HTML
Here is where you are supposed to sign up according to the latest fairytale from the Wgl. Of course if you go to the website it was never changed or set up for the tournaments. Just another pump to sell stock.
http://onlinegolfchallenge.com/
ORLANDO, FL--(MARKET WIRE)--Sep 5, 2006 -- WGL Entertainment Holdings, Inc. (OTC BB:WGLE.OB - News) announced today that it will form a strategic alliance with Online Golf Challenge.Com to host worldwide qualifiers for the WGL Million Dollar Shootout (MDSO) season two. Players from all over the world will pay a $39.00 entrance fee and play four virtual rounds of golf on four different world-class venues. Six players from four different handicap classes (A, B, C & D -- 24 total) will be selected to participate in MDSO ll, based on the lowest four round total score. The qualifiers will begin in October 2006 and continue through March 2007. MDSO ll North America is scheduled to be produced in April 2007.
You do realise then that the company address is a residential condo now.
How is the phone working in his grandmothers condo?
tfct looks good at .088 for a run up over .10 at least. Almost all buys for an hour now.
cmkm last post
Does anybody have any idea what is going on with cmkm?
fgwc now .10 from .077 and rising.
My fgwc call panned out some gold, 20 minutes and it as at .09.
fgwc is at .077 ask. This could be the bottom. Check it out
They are out of biz as of oct 15 per lastest sec filing.
Hi, I did not reply earlier because I only get 3 posts right now. I just signed up and never got the email to increase the posts or I have to search the deleted ones I may have ditched it in their by accident. I wanted to save my post's in case I saw another sure play. I have this board on my fav's and I will be around. Someone posted a list of ihub boards on rb and I looked through them all and picked a few. This is great here. No one is bashing stocks or really just pumping them. Looks like a bunch of informed investors making money.
See ya
Pacc just hit bottom at .0053 at last. Should go up from here.