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Don't worry, there are a lot more shares than the original 8 Million (post-split) shares out there....just wait until the first share update...LOL!
No way this holds at 0.0095 pps....sub-sub again I am afraid, then RS one more time if they stay in business long enough.
Actually, no GGI is not restricted to weighted 3-day average.....see option C or iii in the filing! They have an out...they can obtain shares much much cheaper in a falling pps!
Taken directly from the SB-2 Filing with the SEC...
THE IMPORTANT PART....IS THE LESSER OF....
"The conversion formula for the convertible debentures is the lesser of (i) $0.20, (ii) eighty two percent of the average of the thee lowest volume weighted average prices during the twenty (20) trading days prior to the conversion or (iii) eighty two percent of the volume weighted average price on the trading day prior to the conversion."
Seems like SW and MG only release news when they need to dump billions of shares onto the market?? Where is the update?
Until the next filing that is!
Way wishful thinking....MMs will either change their ask to just above current ask or new MMs will fill in the gaps....no way with GGI dumping shares does this jump from 0.026 to 0.04.....
Way Way wishful thinking!
Well, so far....post RS....pps has declined by 92.67% as of today's closing...but not to fear, this will once again go sub-penny....at this rate within the next 1 to 2 months time is my guess....
Not quite free fall, but pretty damnnnned close!
Well, the burger joints phone number is right there on that link....I'll be....anyone want to call and talk with JF at breakfast, lunch, or dinner??? LOL!
Jam the phone lines! After all, we paid for them!
GGI buys shares at an 18% discount to the average daily weighted pps....they only need a stable pps range in order to make money....and they make money every single time!
Come on....you know as well as I and many others on here that no way 0.02 is support for this stock....GMFX owes GGI far too many shares to hold at that pps and the dilution is still far too great! Temporary support perhaps, but not a good entry point for long term hold....not that I would recommend anyone hold this for long term any longer...but that in itself means that 0.02 will not hold!
For Virginian....
I did average down, but now I have no funds remaining and my average is not low enough....under the current bid/ask...not many will be getting out with a profit unless "they" truly come through with a USA or other carriage contract.....I have nearly given up hope for this year however......
The internet coverage will not be sufficient to make TFN a true global threat...and we have heard nothing about the Australian deal that was "nearing completion" and we have heard nothing about the UK deal or about any deal being completed.....TFN showing some other countries wrestling matches in Canada is great for the other countries media company but does little for TFN Global and even less for BKMP shareholders....
So where is the update we have been promised?? If there is no buy-out, then why is there no information being released.....I can think of at least one reason, and it aint a good one! Very very suspicious am I after seeing all the crap perpetrated onto trusting and loyal shareholders (I might add)!
Just over 5 Million!
In the face of the upcoming and continued dilution.....it means nothing! Absolutely nothing! So all of GMFX's few and dropping number of subscribers can now purchase old used movies directly at a discount....you can purchase used movies at a discount at any CD/DVD/Gaming Store!
Yes, and we should all boast about a "now you see it, now you don't bid of 0.0001 pps"....and the mere fact that it printed (what one?) 0.0002 sale is just as significant! The only thing of significance is the 2.2 Billion shares that traded without a budge in shareprice or valuation.....I.E....more dilution!
Now as to selling shares that I purchased at 0.0003 to 0.0005 pps at a now you see it now you don't bid....LOL....yeah, sure I always try to give away my money!
Some posters on here get more and more funny with each pump! LOL.....hehe he...LOL...ROTFL....HUGE LOL!
hey at least I still have my sense of humor and sharp wit, but I beg any and all posters here to please not insult my intelligence by suggesting that all is fine and good and what a great CEO SW is and how we should trust his every word....LOL....yeah right sure I will!
What deals will BKMP be negotiating ART??? LOL....they are only a holding company with some unknown percent ownership in TFN Global....sounds great, but didn't do anything for me or my investment and clearly hasn't done anything to promote a bid either!
Now having a clean TFN financial sheet that would be worth something, but since BKMP has little or nothing to do with TFN as an entity.....well, you figure it out...or not...which ever you wish!
But don't try and suggest that BKMP will become a clean enterprise through which TFN can IPO.....It will take a whole lot more then converting a CD for this shell to be clean!
and which certified financials are you referring too....LOL!
That is what I thought....of course you can purchase the archived interviews for a fee now....LOL....
The first interview is where SW disclosed the OS as being around 15 Billion and the float around 14 or so....
Funny, the second interview didn't mention the OS or Float at all...LOL!
Cheers
He will only be looking to sell inventory that is no longer in great demand....and also most likely not in demand for purchase either.....LOL! This is nothing new!
That would be fine by me, as any correspondence with SW has been far less then sufficient, not verifiable, and has resulted in many more questions than answers...about as transparent as a granite countertop!
Yes, except that the CD was converted due to some "for sale discussion clause"....see my point now.....if it wasn't a buyout then there was no need to convert the CD prior to the announced deadline....it was a set-up!
Sorry, I may have been incorrect...I had also attempted to verify the second Traders Nation interview after it was posted here but was unable to do so and I have not had the time to re-visit this....please excuse my possible boo boo!
Let me see what I can find now!
The better question would be why you continue to suggest that his word is trustworthy given the recent turn of events....
My point....when did around 15 Billion become 29 Billion? LOL....at that time I stated rather clearly that if we were being told around 15 Billion in a public interview that the OS would be much much higher than that! So, is 29 Billion higher than 15???
LOL...YES it is!
So where is the buy-out that was described in the PR and in two Traders Nation interviews????
Unfortunately, I invested at a much higher pps and bought into SW's huey before these recent events....including the now famous "free trading" preferred shares (BKMPP)....
Been watching closely....sure am glad I got out with a huge loss at 0.0049 pps....LOL....would hate to see what it would look like now!
Sorry for all those who lost big time here, but to think that this has turned around is bad thinking!
GGI will get their money back...they cannot lose! Each traunch of shares they recieve is at an 18% discount (minimum) to average weighted price.
GGI will continue to refill their shares when the pps is to their advantage and continue to sell shares all the way down to sub-penny again.....If you choose to not believe me, then wait for the next share count update and see how much dilution has already taken place (like previously).....
GGI was owed hundreds of billions of shares at a pps of 0.0003 (pre-split)....Post split, the share price has already dropped to less than 10% of its split value.
So lets just say 250 Billion shares for arguments sake....then lets divide that by the split (1,000)....that means if the shareprice had stayed at 0.30 pps GGI would have been entitled to 250 Million shares. Now if you calculate that the shareprice has already declined 10 fold.....GGI is owed somewhere in the range of 2.5 Billion shares to satisfy the current agreement and that does not include any remaining draw that GMFX may be entitled to by agreement!
So in other words....under the current set of circumstances the OS will have to go from 8 Million to over 2.5 Billion just to satisfy GGI's agreement with GMFX!
Dilution, Dilution, and more Dilution.....death spiral financing at its very very best!
Isn't the more important point that we, as shareholders, should not have to guess as to what percentage stake Blackout Media owns in TFN Global????
This is rapidly becoming a joke....so which is it..."yes, that's about right in the 5% range"???? or is it in the 12-15% range???
Being in the 5% "range" is kinda like stating that the OS is around 15 Billion when in fact it turned out to be like 29 Billion (did it not???)....YES IT DID! and also why SW's word is worthless!
So if our stake hasn't been sold (as eluded too by PRs and Traders Nation Interviews etc) then why did the CD end up being dumped due to "talks of Sale" etc.....the whole thing is one big scam....who is the CD holder??? LOL....
JOKE is right AT....the problem is the joke is on US the shareholders!
Even if the e-mail could be verified (which it cannot) SW's word means squat! Unless he specifically stated the exact ownership which is not the same as stating that the ownership had not changed that much.....LOL....yeah..right SW!
Anyway....hoping it has not changed that much, but if new funds and investors have been signed then ownership percentages would have to drop wouldn't they? and to top it all off, that/those statements suggesting a dilution of BKMP's ownership down to 5% didn't just come from air!
Not sure I would consider this find of yours by any means off topic! It would be great if TFN were part of the expanded HD coverage by DirectTV! Gives me hope that perhaps all the new fall programming has not been announced! Otherwise it seems that there would be dim hope of fall carrier in the US of A!
Nice Find!
ahemmmmmm...cough....cough....ahemmmmm....BS!
Yes, because everyone (especially these new investors) that ownership in a holding company that shows no revenues derived from TFN is a whold lot better than direct ownership in TFN...you know, the company that the investors are betting will go world wide and perhaps even make a public offering....
Surely you cannot be serious with that last post! LOL!
Wanna bet....if investment funds have been funneled into TFN our % holding has been diluted...and many here have already posted that it will drop by more than 3 fold to 5 % holdings!
Not my words and not my posts....and clearly with an insiders perspective...I believe that the poster stated this came directly from SW himself just after he filed revealing the huge OS!
Seems as though....at least there is a possibility of....continued dilution by SW and the supposed CD holder(s)????
Certainly cannot deny the possibility!
What? You mean selling at the ask???? LOL...tell me it aint so!
Of course shares can be sold at the ask especially with very high volume! It doesn't mean MMs are buying but facilitating a trade for a fee!
uh-huh....I am certain that there was....and with all good intentions toward the BKMP loyal shareholders...LOL!
I will wait until I see it in writing and then in my account!
but thanks anyway Art!
Yes, dumpage by traders locking in a double at 0.0002....I was not referring to traders, I was referring to the sale of shares by SW and continued dilution??? That is what we don't know!
We will only get a bid if and only if....there is no dumpage into this news! and we won't know about dumpage for sometime to come!
Liked this.....
"Mr. Burger said the channel recently topped 400,000 subscribers in Canada."
Really liked this....if it comes to fruition....
"the first stage of an expansion that will see the small startup injected with new capital, with an eye to an eventual public offering."
Not totally thrilled about this....haven't they been looking for partnerships with cable and satellite operators already....and were we not already expecting some of these deals this year???
"The channel is looking to negotiate carriage deals or partnerships with cable and satellite operations in several countries, including the U.S., over the next few years."
Yes, Shareholders of BICO were awarded monetary compensation....I have the papers somewhere (I never filed myself, although I should have)....I am certain that it was far less than what I lost....and in that case, the CEO defrauded the shareholders by announcing completed deals that were never signed/completed.
It will be very difficult to win against JF/GZFX...everything has been in the filings especially when it comes down to the SB-2/SB-2A agreement and even its eventual outcome (hundreds of billions of shares owed)!
NONE NADA ZIP ZILCH ZERO chance!
Not me....I sold many many many months ago and will not be buying back into this one....there is no way for anyone holding shares that were purchased with cold hard cash (ie...not free shares acquired through trading strategies) to re-coup their investment here.....noway this ever sees a 1000 fold gain plus whatever percentage it will now drop following the RS!
Not when you factor in that the OS will be increasing during dilution as the shareprice drops back into sub-penny range!
The reason for this to go back to sub-penny range will be the un-ending dilution that MUST continue under the current obligations to GGI....GZFX is way way indebted to GGI for shares....WAY WAY! Take those hundreds of millions of shares and divide them by 1000 and IF the shareprice where to stay constant that would give you a hint at how many shares GZFX owes GGI!
Not too worry, as the OS increases again...so will the number of shares owed to GGI....it starts all over again now!
AS doesn't change post split! OS does and so accordingly the float....the AS can only change as a result of filings and approval!
GM for Game....Moroch...yeah right! LOL...LOL....LOL! How funny was that!
I'd look for it to go back to sub-penny myself (question is when)! Nothing has changed here.....nothing!
Keep in mind that GGI is not going to accept shares at elevated prices....they get their shares at 18% discount to the average weighted pps and will not be accepting shares until they can be guaranteed that the pps will not erase their profits!
Further dilution will not take place until the pps stabilizes at its new post RS low.....then when individuals think it is safe to enter the water.....WHAM!
Look for some kind of co-marketing deal with game manufacturers????? The only big news that could help some....until dilution kills it!