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You are correct mrP! You are correct. But hey if you read some posts Bradley isn't diluting. I guess individual's cant read a 10-Q or maybe just maybe are the ones selling shares at the bid and making money.
Ill bet they don't. Bradley hasn't done anything he says he is.... well except toxic financing. That he is really good at.
PNTV will not be in the thick of it unless they fix this issue from the latest 10-Q
GLFH Building Lease
On October 14, 2015, Green Leaf Farms Holding, Inc. (“GLFH”) and SFC Leasing, LLP entered into a settlement and release of claims agreement that terminated GLFH’s lease for the property located at 203 E. Mayflower Avenue in North Las Vegas. The Company will need to obtain a new building location in order to transition its provisional medical marijuana production and cultivation licenses to an approved status, which is necessary to implement their plan to enter into the medical marijuana industry. Pursuant to NAC 453A.324, the State of NV has imposed a deadline for the timeline to implement operations, which is currently approximately May of 2016. If GLFH is not fully operational by then their licenses may be revoked.
They need to be fully operational by May 2016, that is a tall order.
Yes Sir
kezzek,
That would be a major part of it, from the 10-Q
ok Hawk,
I posted the link to the latest 10-Q. Let me know if this is proof enough.
Win III
if anybody wants the link to read the latest 10-Q themselves here you go.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11029654
kezzek,
Can you grab the latest 10-Q and post it to the board?
Will one of the Mods attach the 10-Q from 11/23/2015 so posters can see the proof?
Its in the 10-Q what more proof do you need. The latest 10-Q isn't even attached to the board....... hmmmmmmmmm..... wonder why?
Company: PLAYERS NETWORK (PNTV)
Form Type: 10-Q
Filing Date: 11/23/2015
CIK: 0001037131
Address: 1771 E. FLAMINGO ROAD, SUITE # 201-A
City, State, Zip: LAS VEGAS, Nevada 89119
Telephone: 702-734-3457
Fiscal Year: 12/31
Does it ever stop?
Item 5. Other Information
Convertible Debenture Proceeds
On September 17, 2015, the Company received proceeds of $22,500 in exchange for an unsecured convertible promissory note, bearing interest at eight percent (8%) with a face value of $25,000 (“Second TJC Note”), which matures on September 16, 2016, as part of a larger financing agreement that enables the Company to draw total proceeds of $105,000 at the discretion of the lender. The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to seventy percent (70%) of the average of the three (3) lowest closing traded prices during the fifteen (15) trading days prior to the conversion request date (the “Variable Conversion Price”). If at any time while this note is outstanding, the lowest closing traded price is equal to or less than $0.0001, then the conversion price shall equal the lesser of the (1) Variable Conversion Price or (2) $0.00001 until the note is no longer outstanding. The debt holder is limited to owning 4.99% of the Company’s issued and outstanding shares. The promissory note carries a $2,500 Original Issue Discount that was expensed as interest. In the event of default, the outstanding balance immediately prior to the occurrence of the event of default shall immediately increase to 150% of the outstanding balance at the time of default. The Company is required at all times to have authorized and reserved three times the number of shares that is actually issuable upon full conversion of the note.
On September 17, 2015, the Company issued an unsecured replacement convertible promissory note in exchange for Second Group 10 Note, bearing interest at eight percent (8%) with a face value of $29,404 (“First TJC Note”), which matures on September 17, 2015. TJC Trading, LLC had acquired the promissory note from Group 10 Holdings, LLC, consisting of $26,750 of outstanding principal and $2,654 of interest. The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to seventy percent (70%) of the average of the three (3) lowest closing traded prices during the fifteen (15) trading days prior to the conversion request date (the “Variable Conversion Price”). If at any time while this note is outstanding, the lowest closing traded price is equal to or less than $0.0001, then the conversion price shall equal the lesser of the (1) Variable Conversion Price or (2) $0.00001 until the note is no longer outstanding. The debt holder is limited to owning 4.99% of the Company’s issued and outstanding shares. In the event of default, the outstanding balance immediately prior to the occurrence of the event of default shall immediately increase to 150% of the outstanding balance at the time of default. The Company is required at all times to have authorized and reserved three times the number of shares that is actually issuable upon full conversion of the note.
On August 24, 2015, the Company received net proceeds of $60,000 in exchange for an unsecured convertible promissory note, bearing interest at twelve percent (10%) with a face value of $66,000 (“Third WHC Note”), which matures on August 24, 2016. The financing carries a total face value of $66,000 and a $6,000 Original Issue Discount. The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to sixty two and a half percent (62.5%) of the average of the two (2) lowest closing bid prices of the Company’s common stock over the ten (10) trading days immediately preceding the conversion request date. The debt holder is limited to owning 4.99% of the Company’s issued and outstanding shares. In the event of default, the outstanding balance immediately prior to the occurrence of the event of default shall immediately increase to 150% of the outstanding balance at the time of default, and the interest rate increases to twenty two percent (22%) per annum. The promissory note carries a $6,000 Original Issue Discount that is being amortized over the life of the loan on the straight line method, which approximates the effective interest method. The Company must at all times reserve at least 50 million shares of common stock for potential conversions.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following sales of equity securities by the Company occurred during the three month period ended September 30, 2015:
Common Stock Issuances for Debt Conversions
On September 24, 2015, the Company issued 6,410,256 shares of common stock pursuant to the conversion of $10,000 of outstanding principal on the First Tangiers Note. The note was converted in accordance with the conversion terms; therefore no gain or loss has been recognized.
On August 24, 2015, the Company issued 7,000,000 shares of common stock pursuant to the conversion of $7,000 of outstanding principal on the First WHC Note. The note was converted in accordance with the conversion terms; therefore no gain or loss has been recognized.
On August 4, 2015, the Company issued 20,000,000 shares of common stock pursuant to the conversion of $40,600 of outstanding principal on the First Collier Note. The note was converted in accordance with the conversion terms; therefore no gain or loss has been recognized.
On July 30, 2015, the Company issued 7,194,245 shares of common stock pursuant to the conversion of $10,000 of outstanding principal on the Second Group 10 Note. The note was converted in accordance with the conversion terms; therefore no gain or loss has been recognized.
On July 28, 2015, the Company issued 6,666,667 shares of common stock pursuant to the conversion of $10,000 of outstanding principal on the First WHC Note. The note was converted in accordance with the conversion terms; therefore no gain or loss has been recognized.
The foregoing securities issued upon conversion of the Notes are restricted securities as defined in Rule 144 promulgated under the Securities Act of 1933. The issuances of the Notes were exempt from the registration requirements of the Securities Act of 1933 pursuant to Rule 506 of Regulation D promulgated thereunder. The purchasers were accredited and sophisticated investors, familiar with our operations, and there was no solicitation.
Note 18 – Subsequent Events
Common Stock Issuances for Services
On October 26, 2015, the Company issued 2,500,000 shares of S-8 common stock for professional services provided. The total fair value of the common stock was $6,000 based on the closing price of the Company’s common stock on the date of grant.
On October 26, 2015, the Company issued 2,000,000 shares of S-8 common stock for professional services provided. The total fair value of the common stock was $4,800 based on the closing price of the Company’s common stock on the date of grant.
On October 25, 2015, the Company issued 1,500,000 shares of restricted common stock for video production services provided. The total fair value of the common stock was $2,700 based on the closing price of the Company’s common stock on the date of grant.
On October 7, 2015, the Company issued 500,000 shares of restricted common stock for legal services provided. The total fair value of the common stock was $1,150 based on the closing price of the Company’s common stock on the date of grant.
GLFH Building Lease
On October 14, 2015, Green Leaf Farms Holding, Inc. (“GLFH”) and SFC Leasing, LLP entered into a settlement and release of claims agreement that terminated GLFH’s lease for the property located at 203 E. Mayflower Avenue in North Las Vegas. The Company will need to obtain a new building location in order to transition its provisional medical marijuana production and cultivation licenses to an approved status, which is necessary to implement their plan to enter into the medical marijuana industry. Pursuant to NAC 453A.324, the State of NV has imposed a deadline for the timeline to implement operations, which is currently approximately May of 2016. If GLFH is not fully operational by then their licenses may be revoked.
Does Bradley ever submit on time?
This POS should be in the trips by next week.
LOLOLOL I was thinking the same thing!
Its probably one of Bradley's family members. He gave them the money out of his mid 6 figure salary to make it look like there is a run coming so he and his toxic financiers can sell more shares.
More dumpage the last two days! Good job Bradley. We can always count on you having a BS conference call to try and sell more shares for your salary.
Yes Sir. What a shame.
and the dumpage continues.
LOLOLOLOL Yes you are correct JP!
Its sure will. This is finally the end of Bradley's ATM. I hope he saved enough money or he will have to get a real job.
Bradley has never been real honest. Its all about selling shares. He can care less about stock holders.
Anyone "smart" enough can easily read financials and see that this is a toxic waste dump and the only one getting anything for it is your wonderful leader Bradley.
Any small DD will show that this stock is a toxic financing nightmare which the CEO uses as his personal ATM, steeling investors money. This all equals SCAM
Yup that would be the development. Although, it is clear it has been a scam the entire toxic financing Bradley's ATM time!
Because somebody said so. Where is it in writing that Comcast offered anything.
and that it was a gentlemen's agreement.
So far he has lost the majority of the motions with Comcast. I say pie in the sky BS.
This man has done nothing but take investors money for a very long time and nothing is changing that at this time. Everything on the conference call was fluff and smoke and mirrors designed to sell shares
He stated a gentlemen's agreement. That's not an agreement, that's stupid. Nobody in stinky pinky or big board stocks for that matter make hand shake deals and stick to them.
Conf call really helped this stock. Looks like investors are tired of the same old same old BS from Mr. Bradley.
I don't know why people think the majority of us cant read? How can you continue to back this company up when its in black and white. And what do you get "post a link", its in the freaking Quarterly's!!
All you have to do is read the quarterly's. There is your link.
Every time Bradley needs to sell shares for his salary and the Volume doesn't support it, he puts out a fluff PR or says he is having a conference call to clear up misconceptions about the stock and company. Not sure what misconceptions he wants to clear up. Nothing but more death spirals on the last report. Black and White plain as day. No conference call can cover that up. I have a feeling his big salary is going bye bye soon. Not enough sheep left.
Win III
Bradley and his stupid idiotic conference calls that are all designed to sell shares for his 6 figure salary he doesn't deserve.
Same old worn out news and Bradley with the same worn out promises. He only knows how to sell shares to make his salary. Stop buying this POS. Your just giving your money to a scam artist.
Sorry we have a right to post our side of this coin.
Completely agree, just like the 44m asset tweet which was BS. All to sell shares.
There is no proof that any deal was on the table. That never came from Bradley that was simply someone's opinion.
Take the talk of Comcast settlement off of the sticky. Its not verifiable and if you look at the bottom of the post its stays just my opinion. This is not real it doesn't need to lead astray the newbies