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GMFX can issue many many many more millions of shares of GMFX without a single filing....it is all covered by the SB-2/SB-2A filings relating to the "toxic financing" deal that they have with GGI.
The AS is 25 Billion and until GGI is out of the picture....the dilution will not stop! GMFX is is so deep with GGI they have little choice but to issue shares...and guess what? GMFX won't derive one cent from the issuance of those shares....unless per chance they still have a traunch of shares to sell GGI at 1.09 per share (and of course then they get many many more millions of shares to dump onto the market).....
No offense Wick, but no way JF is broke....the building that GMFX leases from his wife was bought and paid for with GMFX funds...and the burger joint is a freebie...GameznFlix is broke...they own nothing of value and the inventory is essentially worthless....no subs to speak of and zero growth....
JF looted this company (IMO) utilizing his own consulting firm to charge for consultations....of course I have no proof of any of this since the consultants are never named (with the exception of Moroch that is).....
and JF received millions of free shares and hundreds of thousands of dollars annually for his salary....I would love to be as broke as he!
In case there were any doubts...check the ACCUM/DIST curve for GMFX....wow talk about a nose dive, I got a nose bleed just looking at the curve! Oh and lets not forget the CMF trace.....25 Million shares over the last two days were just added to the OS Folks....just wait and see...of course since the quarter ended in Sept no one will know about it until next quarter...LOL!
GGI....has an endless supply at their disposal...they are owed hundreds of millions of shares by GMFX (post split) and they will dump shares all the way down at or below ask (however they can sell them)....and JF thanks GGI for their support....when is the last time that JF spoke as highly of his share bagholders???
The FatMan is standing in the wings ready to sing...dumpity dumpity dumpity....
Credit market my poor broke arse! LOL...yeah right SW! and you actually believe that Bshite??? LOL....surely hope not.
It was a ploy to dump shares.....as classic a pump and dump scenario as I have ever seen (as a matter of fact)....and it was also the only way that he could justify converting the debentures based on some "in buy-out talks" clause of somekind...
At this point in time, one would even have to begin to question the existence of some new investment group??? So where and what is/are all these new funds buying????
I certainly don't see evidence of any new contracts or around the world coverage (carriage) do you???
FARCE!
and the key words being "on something".....LOL....So what did happen to those 6 PRs in a row? and the 11 thingy? LOL...
Go Webby, Go Webby, Go, Go, Go Webby....at least the posts are entertaining even if they have zero credibility and no real informative value!
unfortunately, GMFX is in way too deep with GGI....even post RS, they owe GGI hundreds of millions of shares just to pay off the CD's owed as a result of the SB-2/2A.....deadly toxic financing at its very best!
Can't wait for the first update from JF...it ought to be a douzzy....and not to mention another drop in subs is my guess or at very best little to no sub growth!
It says they paid Jugular Jerky and the "Nascar" (LOL) racing team 100 Million shares to supposedly hand out cards with the Jugular Brand jerky that no one has heard of or wants....at least IMO! That is!
0.03 Now from 0.30 post split...what a deal! LOL! Just watch what happens in the coming days when the MACD crosses into negative territory....LOL! I especially like the ACC/DIST curve.....talk about distribution....
LOL...yeah and if so, when he reaches the 100 Million AS he will just increase the AS again....not to worry though, the number of shares this dirt bag has available has little to do with the value of the shares...since the company doesn't show any sub growth and little revenues they could have 32 Million authorized and it still wouldn't be a good investment. Not with JF at the helm!
Wow AGENT....you sound more negative then my posts concerning GGI and continued dilution....D...A...MMMMNNNNN....tellin it like it is however!
Highly unlikely...if the company is expected to offer an IPO, then the new CEO/president surely got shares of TFN as part of his offer/financial package and a bonus plan as well.
or they simply haven't filed....I would have to agree with AUDAD that the new CEO would certainly have been given shares as part of his financial package. Not to mention the "supposed" new investment group....they surely will not be investing monies into TFN without obtaining shares.
Just a few important questions....
How recent are the figures that you posted?
Does BKMP still own 3M shares of TFN to date?
Has the number of OS changed since the numbers you are showing were published?
There would not be so many good samaritans on this particular board had JF not screwed so many investors.
The worst part is that nothing has changed...it is business as usual with GMFX and GGI and the shareprice will continue to fall to sub-penny levels again....there will however, hopefully, be several opportunities to make buck in the interim....As can be seen and witnessed by the volatility of the share price of late.
Best to you!
It was only listed as 12.2 Billion based on "buy-back"...however, we know that SW stated in the Traders Nation interview that the OS was around 15 Billion with an estimated 14 Billion float!
so, in my opinion...even the 12.2 Billion shares was in error based on SW's own words (and intentional under-estimations IMO).
Lets not forget about the 504 registration??
How is that possible, the restricted shares was announced just after the CD was converted and it was shown at 7 Billion!
Yes, share dumping refers to the way in which shares are sold onto the market by many hedge funds (especially those involved with the OTCBB markets and Pink Sheets) and those involved in "toxic financing". The term dump refers to the fact that the hedge fund (in this case GGI) will continue to sell shares onto the market at lower and lower prices and will often sell at the bid in order to entice buyers or to sell higher volumes. Since they (GGI) obtain their shares at 18% discount to the average weighted shareprice they can sell shares at cheaper and cheaper prices and still maintain or make a healthy profit on the deal.
Best of luck to anyone in this....I wouldn't be holding shares for long (not even freebies obtained through trading strategies) take the money and run just like JF/GGI!
No way there are only 3 Million shares to be diluted....don't care how you do the math...GGI is owed hundreds of millions of shares at the current pps and will be owed more as the shareprice continues to drop.
Just because there are all of a sudden fewer shares out there doesn't mean that they should be valued at a higher price...not in the case of GZFX/GMFX anyway....this company has offered nothing to support a pps at 0.05 per share...absolutely nothing! In fact I believe they are overvalued at 0.01 per share (myself).
Not too worry, with the dilution it will be sub-penny again soon....especially after the next Q is out and the OS shows how much dilution has already taken place!
That is very funny...not sure what that has to do with the writing on the wall, but just for transparencies sake, I don't own any shares and have zero plans to buy any shares under the current and continued dilutive environment.
Also, just so you know, I have owned shares of GZFX previously and lost a bundle...I was one of the lucky ones who sold my shares at 0.0049 and then watched the shareprice plummet to 0.0001 due to toxic financing and continued GGI diluting....
and guess what! GGI is not out of the picture and are still owed hundreds of millions of shares under the current prices and will be owed more and more as the shareprice continues to retrace.
Don't worry, I get it! and so did every other shareholder of GZFX...right up the old wazooo....and nothing has changed....absolutely nothing!
Do you work for GGI? or GMFX? LOL! must be or perhaps a relative of JF's working at the burger joint part time?
Guess you don't see that recent low....guess where this is heading? Right back down to that recent low....every indicator suggests that that short term gain is now going to reverse!
That depends on the number of shares outstanding and the % holdings that the insider carries....JF would have to file because he owns (at least based on 32M OS, 22% of shares)...once his percent holdings drops to less than 5% then he no longer has to file to sell shares.
Not only is it another fluff PR...its a repeat performance...it did nothing for shareholder value previously and will do nothing now!
Nice try JF...how about some real news...like your resignation perhaps then the pps will soar!
0.30 to 0.65 based on what??? LOL...talk about a pump and dump! No way GMFX is valued anywhere near that level, and no way GMFX has 20 Million in inventory, subscriber base, or real estate....
Keep dreamin bud...GGI will put an end to your pleasent dreams and give you and every other shareholder here nightmares...AGAIN!
Wow, acc/dist curve took a nose dive today.....and CMF is about to cross into negative territory once again....yep...GGI is dumping...but hey, a 5X return if you got in at the bottom....not bad...just don't hold em....dump em and take your profit, because GGI sure won't be holding any!
Guess we know where the 100 Million shares went to now don't we??? LOL....nice try JF....almost as good an idea as the bus tour....LOL! Guessing that GGI started to dump into the news and with the 100 Million shares issued to cover the cost of the co-promotion or racing team (presumed, but not proven as of yet).....dilution, dilution, and more dilution!
No apologies neccessary, but that beer sure sounds good! LOL....
and IMO (not so humble), GGI/GMFX will do it all again also!
Yeah sure it is over between JF and GGI....NOT....JF is in way way too deep with GGI to even begin to figure out how to get out!
A more plausible explanation is that GGI is balancing their books....If you have followed this stock for a long period of time, you will have noticed that each month there was/is a short period where GGI is not dumping shares....previously that was not sufficient to allow for any type of real recovery in pps....under the current lower OS...perhaps the break in dilution is enough to allow the pps to trend upward for a while....
Be very very WARY...once GGI begins dumping anew, the pps will drop more quickly than it climbed....IMO....
Thus far, JF has shown nothing to suggest that shares should be valued any higher!
and a 4 Fold dilution post split with another 110 Million shares that are registered for some unkown reason suggests about a 15 fold dilution has already taken place since the RS.
Nope, the "New Investment Group" will invest directly in TFN and be given preferred shares of TFN thereby effectively diluting BKMP's holdings in TFN....nothing sold, nothing gained, but much lost for BKMP shareholders....potentially anyways!
Then shouldn't you have stated "way too much splaining to do"??? From the Lucy Show??? Joke!
Yes, purely coincidence....unless GGI is taken out of the picture, no increase in pps will hold...and if GGI is taken out of the picture by any means...it would have to be filed with the SEC accordingly!
My guess, someone (Moroch or ???) just got 100 Million shares....hopefully for some kind of service rendered...but unlikely to impact the pps for long given the GGI dilution and toxic financing!
This puts the OS at approximately 142 Million plus already....not pretty when you consider a month ago the total OS was at 7 plus Million following the RS!
No, GMFX couldn't reduce the AS to 100 Million, because they owe GGI far more shares than that! If the AS was being reduced, it would have been splashed all over the press and on every board!
The PRE-14A was to register 100 Million shares of Series B preferred shares...it stated nothing about what these shares were to be used for! At least that was my read anywho!
I am more curious about the 14A filing on the 4th of October that allows for the issuance of 10 Million shares of common stock and 100 Million shares of Series B shares....although there appears to be no real explanation given as to what those shares are for???
Also, it clearly shows that the OS is ~32 Million shares already....that is 4 Fold dilution since the Reverse Split!
Too Funny....JF has the printing presses running full tilt!
First and foremost, who was claiming the Float to be around 5 Billion shares?? (They would definitely be full-o-chit) As of the last update, the OS is around 29 Billion with 7 plus Billion being restricted.
That puts the float considerably higher than 5 Billion and closer to 23 Billion....and of course that is assuming that there has been no additional dilution since the last sharecount (filing) update....and of course as you mentioned 2 Billion traded recently with no real change in pps....can you say dilution?? I believe that was more dumping IMO!
As to all these rumors...etc...Webby did but a date on his rumors....the 11th! We shall see, but I will wait and see the printed headlines before believing any of what anyone on this board states in anonnymity....seems as though sometimes the idea is to sell shares instead of build shareholder value!
Time will tell for sure.
No probably not, but the GROUP (as you put it) is investing in TFN, not BKMP!
Of Course I do not...I also do not believe that he has any real problem with the english language written or otherwise!
I sure hope that SW/MG are smart enough to release them one at a time! Preferably over the course of several days!
Hey, I can still dream big can't I??? LOL...Webby!
Yeah that's true...and there was no dilution taking place previously either....remember? LOL!
Sorry Art, but you don't get to come in and out of a guiet time whenever you feel the need to dump shares onto the market....that aint how it works!