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Like I said why force one if they are not prepared to explain the Divi's. By looking at the L2 boy it looks like Mr Winick really made some MM's extremely angry. NITE and UBSS are going to but the death grip on the PPS and just incase of a pop you notice VFIN sitting right there, its not looking good at all IMHO L2 says it all
Why force a PR if there's nothing to release? A fuff PR does as much damage as when People want to see a PR and expect one but dont get it.
You wouldve seen a nice return on your nvestment had you sold at .0014
Mike Garrow will soon have TFN in the U.S . I cant wait to see it.
If that's the goal of Mike Garrow then so be it. Let him part ways with winick and buy back the 20% . Its all about whats best for the Fight Network IMHO its better without winick, and with Garrow in full control. Perhaps finally Garrow hasawken and finally realized the lack of saviness that Sandy lacks that any executive should have. If that means Garrow keeps the network 100% private then so be it. Its a money making machine and no reason to let winick have any piece of the pie.
"The sky's alight with the guitar bite"
"For those about to rock"
Mike Garrow we salute you!
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why is it always the conspiracy theory, Naked shorts , bashers,pumpers ect ect and its never the fault of billions in dilution, or lack of execution by the CEO. why?
ALL this talk of poison pills and anti-takeover is an excuse to explain the dilution. "we have to dump 13.4 billion because we're scared of being taken over" Winick must be loving this right now.
lol even if BKMP is bought out they would only get 20% of TFN which is nothing compared to 80%.
see post# 148377
MIMURAY as so theres no confusion, I noticed in the main section of this board all i see is 99.9% of fight network material and other things, but Nothing on BKMP(Blackout Media) for some newbie that might be confusing. Where is the info on Blackout Media. I see lots of links and DD for TFN but not much of anything for Blackout Media. A company we own Preferred shares in.
why is it always the conspiracy theory? Naked shorts , bashers,pumpers ect ect and its never the fault of billions in dilution, or lack of execution by the CEO. why?
Heck no I will not touch BKMP common stock with a 10 foot pole. Im now not so sure of the Preferred shares I'm holding, hopefully this doesnt turn out to be a spin-off mining company.
GO back and read the posts you'll see how many assume and forget that BKMP is not TFN. the whole board is misleading because it all makes reference to TFN but nothing about BKMP itself
Problem with thats theory is If you Buy BKMP youre buying a holding company Not TFN . do not confuse the two . Why would a corporation want to buy BKMP when they could buy TFN directly?
Wow that was straight foward and to the point. I agree that Winick is using the TFN name to confuse many intto basically think that BKMP is TFN. Smoke n Mirrors
BKMP L2 Stack....
11 makers on the bid at .0004
1 at .0005
7 at .0006
5 at .0007
Notice the wall at .0006 and .0007, also notice the same market makers are on the ask and the bid. They are in full control of this. As I said before MM's arent going to let this run. IMHO .0014-.0009's was the best you couldve gotten. I hope most of you are playing with free shares. IMHO L2 isnt looking good at all especially with VFIN hanging around. UBSS looks like he will try to break the down the bid
You Missed out on Rasica's drive by pumps
I thought I was clear by telling that no one in their right mind would want to buyout winicks BKMP operation.
TFN is the real deal there's no question about that. My gripe with winick is that he is using the TFN name and the fact he owns 20% as a front for his BKMP Chop shop operation. Just look at the last quartertly report he release as a mattr offact go back to 2004 those reorts speak volume of him. Anyway If myself or for that matter anyone here was offered direct ownership or a piece of it, you are damn right that they would take that offer anyday. IMHO Anyone here on ihub could probably do a bette job, but hey I guess its easier to be an armchair CEO. But As far as winick doing the job he's paid to do, what job might that be?
If Winicks Goal is to flush the shorts
he sure is taking his sweet time to explain this craziness
and whats the point of having preferred shares without dividends?
Photog you must have bumped your head because you seem to have forgotten that, its Mike Garrow that owns the Supermajority of TFN. Secondly who in their right mind would put any serious money into this holdng company when you can make 1 phone call to Mr. Garrow himself and deal with him directly. If it wasnt For Garrow ,IMHO Winick wouldnt have BKMP and wouldnt even trade this high no one would want to own BKMP heck it might still be First canadian. As you already know BKMP's main asset is 20% of TFN. Let me ask you this, what exactly is winicks role in all this? Besides selling shares for cash and then using whats left over to buy back shares at a lower price what is his role? Mike Garrow runs and oversees the day to day operations of TFN. and Winick? I guess he sits by the computer and phone waiting for the ihub members to call and email him? What about accountability? His excuse for a falling stock price is the naked shorts? what about the lack of revenues, and poor investment decisions?
Dont get me wrong i dont hate him at all. I appreciate the fact he's given us preferred shares which may turn out to be ownership in TFN directly.
Mike Garrow has stated 2008 TFN will have huge reveues and Positive cash flow, Did winick say anything like that about BKMP? IMHO Mike Garrow is more savy, and more trustwothy.
If TFN is going to be a public company the last thing they need is to be assosiated with IMHO a shady CEO in sandy winick. IMHO He might be a great person, but as a Executive he's very questionable.
I own the Divi's Preferred shares :) In hopes that they are indeed shares of TFN which means direct ownership. I wouldnt touch the common shares of BKMP IMHO makes no sense to own it now. But anyway the pumpers on here want to confuse everyone into thinking sandy's company is TFN but its not.
Just look at the financial report Mr Winick released, all it shows is that you guys that bought shares and held have been heavily diluted, and this buyback basically is being financed with same money he got from diluting the company.
Winick has a shady past and unproven track record. there's no reason Mike Garrow should jeopardize the integrity of TFN or his own by doing business with winick IMHO.
Goodnight :)
This ihub Board Technically shouldnt be the fightnetwork board. This is not the Fight Network, Everyone is excited about the fight network.
common shares of BKMP are just that.If you own Shares in BKMP you indirectly own TFN because winnick bought 20% of TFN.But basically you bought into a 1 man holding company with an office and office equipment valued at $16,900 as per the financial report. If the reorganization turns out to be TFN then the preferred shares will represent direct ownership of TFN and IMHO no more need to own winick's holding company.
600k in cash account?!! what report are you reading? By the these are "unaudited reports" for any legitimacy to these reports they must be audited IMHO.Here's the link to the report release August 14 2006, clearly says $334,808 under Assets/Cash.
www.otcstockinfo.com/repository/623490/623490_FR9.pdf
LMAO!! youre comparing MSFT to BKMP lol
they can have all those shares because people actually want to buy their stock. They have revenue streams they have products. They are an establish company. while its been 1 year as BKMP and 2 years as First Canadian and winick still has nothing to show for it except Net operating loss of over $22 million and a diluted holding company. IMHO He's been recycling shareholders money.
Jim Bishop .... Rasica........
Rasica wont answer your question whole-heartedly because if you read the financials you'll see Winick only made 21k from the quarter and not much better from the last 3 quarters... so where is the cash coming from? oh yeah did you read where it says he converted 8.2 billion shares for a mere $1 million cash? yep its right there in his quarterly report. all the stuckholders are financing this 1 man dog N Poney show.
Cash you say? where is that cash coming from? since this last Quarterly MR winick writes that BKMP only made 21k in revenues. IMHO That cash he's using to buy back is the cash he got from diluting this company in the first place.
Thats some serious foul language by the CEO. Where is the proffesionalism? as far as PAIM is concerned thats one of many reasons why BKMP is where it is .0006/.0005 because winick doesnt have his priorities straight. SO not only does Mr. Winick as stated in his own Financial report who has accumulated a NOL of over $22 million add on to that shady dealings with companies like the Hee Corporation lol remember them (HCCF.PK) and (PAIM.PK), by the way what does BKMP have to do with PAIM (a mining company). Shouldnt he be focused on Lowering the NOL of over $22 million? shouldnt the focus be trying to improve his own image? this is just another reason I am thankful I dont hold any common shares and never will again. Those who Have the Preferred shares, well done :)
My main question is why in the world would Mike Garrow go into business with Sandy winick, and why for the love of football would he allow winick to have %20 of TFN. why why why.
*I'll gladly buy more Preferred shares at .0001*
Webprods I admire your fortitude...
you said you've invested in in sandy winick since FCDH and now BKMP. knowing everything we know about sandy's questionable money management you still hanging in there.
I wish you the best of luck and hope he comes through for once.
FightNetwork !!!
Again you make some great points with your last post about the carriers . I always enjoy great discussion both pro and con :)
but again Mr winick has not had a proven track record of running a company with huge profits. His resume is loaded with companies that he's had his hands in that have very little or negative revenues hence the NOL $22 million how long does one give this guy to prove he can make money? what makes you think a leopard can change its spots?
as far as your answer....
"Remember the common share holders have voting right, whereas preferred shareholders do NOT."
thats a true statement however, BKMP is on the pinksheets not required to have shareholders meetings, and with 13.4 billion outstanding who cares about voting rights.
Preferred shares- A class of ownership in a corporation that has a higher claim on the assets and earnings than common stock. Preferred stock generally has a dividend that must be paid out before dividends Preferred shareholders have priority over common stockholders on earnings and assets in the event of liquidation and they have a fixed dividend (paid before common stockholders).
With that said. I try to think objectively in the case that BKMP goes under, then preferred holders get first shot at the assets. Commons shares get par value and I dont even know if BKMP common shares even has a par value. Being that these preferred shares were free and the company goes under heck we get free money or better yet we get to take Mr. Winicks 16,900 office equipment, I could always use a new Apple computer :)
Mr. Webprods......
The press release that was just done on friday stated that US carrier deal is sometime in 2007 maybe.
Secondly if the spin-off is the fightnetwork then IMHO there is no point in holding BKMP common shares since you can own the fight network directly via owning the preferred shares if this is the case.
Charts dont mean anything here in pinksheet land. Look at the Level 2 during trading hours, you can see it for yourself, its staring you right in the face, and Mr Winick is thumbing his fingers at everyone with releasing these unaudited reports that shows to the world his questionable Invesment strategy and more questionable skills as a CEO. NOL of over $22 million since 2004. Best thing for FightNetwork fans/investors is to see Mike Garrow take Complete control and part ways with winick.
In response to your answer
"I will not comment on this because I don't know what goes on behind the scenes. All I'll say is it takes money to make money."
It brings us back to the NOL of over $22 million, it takes money to make money? but the problem is he isnt making any money, yet he's diluted to get money and barely any money is coming in. thats the problem, he's lost a truck load of money running a 1 man show in this holding company. I'll give him that much, losing over since 2004 over $22 million is really tough to do and he certainly did it.
PUMPERS are Here!!! Everytime they show up the PPS goes down!!
You make a fair argument.... however
"NOL's are the reason why big corporations would buy a smaller, non productive firm - tax write offs."
what company would touch BKMP a non-productive firm as you called it? A big Corporation would buy TFN directly before ever thinking about buying BKMP.
"This means that at this point BKMP may save up as much as 40% of taxes = more $$$$ in the bank!"
Yes that would be great if Sandy was making more than $21k per quarter. ($16,900 of that went to office equipment.)
There were 8.2 billion shares converted into cash $1 million according to the report, now he only has 334k in the bank?
BKMP Share "Buyback".............
If mr. winick really wanted to help the longs, why wasnt the buyback innitiated at .0009 or so?
Where is this money coming from that he's using for a buy back?
its hard to believe that owning %20 of TFN has made BKMP a cash machine. If he is making all that money from TFN why not buyback the remaining O/S? Oh wait according to the recent quarterly report BKMP made only $21k revenue so i guess TFN made about $100k.
IMHO winick is using the money he got from diluting this baby to buyback shares. There seemed to have been money left over that he's been using to finance this 1 man dog and poney show, so as not to raise flags and to please the ihub faithfuls he's buying back at .0005 if there is indeed a buyback going on.
IMHO this is nothing more than smoke N mirrors, (eat your heart out david copperfield). Why does the PPS sem stuck in the mud? why of course its got to be those damn naked shorts lol. Peoplelook at level 2. It's going to take hurculean news to move this thing. If buyback PR's cant move it do you think US carrier news will?
People do yourslves a favor and read the unaudited report that BKMP released https://www.otcstockinfo.com/repository/623490/623490_FR9.pdf
Mr. Winick has accumulated a Net operating loss of 22,429,410 since 2004 from his days as DBA First Canadian and that NOL rolls over to BKMP. wow looks like mr. winicks business management skills are sub-par at best. He spent $16,900 on office equipment when he only made $21,816 for the quarter?
I guess we know now who's bee buying the new apple compters?
The currnt cash was listed at $334k plus investments of 3 million dollars, I assume they are bkmp shares. he wouldve done better using the 3 mil to buy MSFT shares at $22 he would be rolling in the dough now. Instead he's probably in the red.
Like I said, mr winick is no good.Now I see why winick cant get a bank loan, he's got debt up the wazoo, so i guess I was right his FICO score is probably like 350.
Mike Garrow please take full control of TFN!!!
Dont get me wrong, if you love BKMP then by all means keep buying their common shares. You might still be able to make a nice flip. I plan on doing a buyback of my own on the (preferred shares of TFN) :)
Excellent Post Jim.................
like I said before IMHO BKMP is done, maybe 1 good flip left in it. The Preferred shares IMHO will be worth more than the common shares of BKMP. I just hope these pfd shares are not of some .0001 mining company, but it also wouldnt shock me. People have come to expect that from winick. why does a holding company (BKMP) need all these shares outstanding? for only owning 20% of another company (TFN)? LMAO! anyone of us can form a holding company today and buy %5 of the O/S shares in BKMP and say we own shares of BKMP which owns TFN then dilute it til the cows come home .
Enough of the middleman (winick) Bring on the FightNetwork!!! owning Preferred shares shares in TFN is where the real money will be made. Mke Garrow please take the lead!!
* Guys like Carl Icahn love Preferred shares. Thats where the money is at. They make a living of gettting those PFD shares from companies. Its not often that retail investors get a chance to hold PFD stock.*
Hopefully it will be the Fight network that isues the Quarterly report :)
Ok i understand your point, but how do you know it was his money? How do you know it wasnt money that he got from diluting then used whatever was left to buy that block of shares at .025?
I looked at the reports and i cant find anywhere not even on the form 4 thats says he used his own money.
Too much hassle :)
I have the Fight nework preferred shares :)
Ok fair point, but answer me this when was the last time you ssaw that happen? MM's brokers, shorts are usually 10 steps ahead of the game.
The divi's were free, I bought common stock and sold out. I am now risking nothing.
he wasted money many times putting out useless PR's, when that cash couldve gone to an auditor. why do something half way ?
which is why i believe the stock might very well go to .0001 and all they would have to pay you is the par value which is like .00000000001
for me audited reports are like getting a medallion signature guarantee on that report. I would trust the auditor more times than I would Sandy Winick. heck you can hire some small licensed firm to do it im not saying he needs to go to Price- waterhouse, or KPMG