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WOW....it amazes me that anyone here could really be surprised about the RS....many have stated clearly that it was a given under the circumstances (obviously including but not limited to myself).
Note how that last PR to the loyal shareholders had no mention of any adjustments to share structure etc....
I can remember JF clearly stating that a RS would be considered as part of a move to a higher exchange.....LOL...guess that won't be happening anytime soon....
As to the market cap for GZFX....no way this is worth 5 times more.....the company owns little to nothing....now JF's wife! She is worth 5 times more...she owns all the property rights!
That is where you will go wrong....this has little to do with GZFX's financial condition and how fast JF spends money etc....
The point IS....that JF is already into GGI for hundreds of billions of more shares (pre-split prices)......the retracement in pps will be harsh and although the number of shares owed GGI will drop dramatically that number will still represent a huge dilution factor......
Was the AS dropped??? LOL!
It must be filed and approved...but if TD Ameritrade has in fact confirmed such....they would know about it before hand! The filing and RS may be done in one swoop (effective date the same date as filing appears SEC database)!
I will agree with Wick's post (above a few)...the pps will drop dramatically following the RS....and if GGI begins to dilute anew...not sure I would look for much upward movement for sometime......
If you are not IN, watch and let the dust settle first....if you are in already...SORRY FOR YOUR LOSES.....
And I still would not look for any miracles from JF...he just doesn't have what it takes to make this a viable company in terms of growth and certainly not a viable long term investment! (IMO)
In the end, look for anywhere between 80 to 90 percent re-tracement with continued dilution...it could even be worse! All in all this is still A sub-sub penny that is performing a high ratio reverse with little to nothing of value shown to support a higher pps.
JF stuck it too the shareholders good!
I totally agree....It seems that JF bought half of the Moroch package and left much of the means by which to increase subs....advertising and marketing! (IMO that is)....
Nothing has changed here at all, JF is still way way way in debted to GGI in terms of the number of shares he must dump to live up to his contractual agreements with GGI....we aren't just talking a few more billion here or there either....hundreds of billions under the current structure and agreement!
Nothing JF does short of pulling off some kind of "christ-like" miracle turning water into subs....will hold the shareprice up against that amount of dilution!
The part I don't like....
"Moroch was prepared to generate a large-scale advertising campaign and recommend media buys throughout TV, print, and online media. Due to the high cost of pursuing such a campaign, and with the return on that investment uncertain, GameZnFlix chose instead to maximize its investment in Moroch's services in more immediate and cost-effective ways by making strategic changes to its core service and marketing efforts."
Look for a symbol change and a RS coming soon to a TV near you!
anyone want to make a wager??? LOL!
John Fleming, CEO of GameZnFlix, Inc., Outlines Plans
Highlighted Links
GameZnFlix, Inc.
MacReport.Net
FRANKLIN, KY,--(Marketwire - September 5, 2007) - GameZnFlix, Inc. (OTCBB: GZFX) CEO, John Fleming, has issued an open letter to the company's shareholders and the marketplace conveying his positive outlook for the company's future. Mr. Fleming stated, "I would like to take this opportunity to communicate with GameZnFlix shareholders and the marketplace regarding the company's business operations and growth prospects. While GameZnFlix continues to face challenges, I believe that the company can and will succeed. Over the last several months, GameZnFlix has made significant changes in its strategic focus, operations, and research and development. Below, I will describe several of these changes."
Market Analysis and Strategic Focus
In January 2007, GameZnFlix engaged Moroch Advertising agency to generate a comprehensive marketing program for 2007. GameZnFlix selected Moroch, with offices in 22 cities and clients ranging from Columbia Pictures to the U.S. Army, because of the agency's experience in obtaining and applying information about the needs and preferences of U.S. consumers. Moroch's research identified three distinct target demographics that are ideal for the GameZnFlix service. Moroch convened focus groups in several major cities to learn how potential GameZnFlix members viewed the GameZnFlix service and which features they liked and disliked. The agency also generated several versions of a new "look and feel" for GameZnFlix, including company colors, logos and website designs. Moroch was prepared to generate a large-scale advertising campaign and recommend media buys throughout TV, print, and online media. Due to the high cost of pursuing such a campaign, and with the return on that investment uncertain, GameZnFlix chose instead to maximize its investment in Moroch's services in more immediate and cost-effective ways by making strategic changes to its core service and marketing efforts.
Core Service. GameZnFlix has modified its core service and consumer value proposition to emphasize video games. GameZnFlix had previously attempted to serve as a one-stop shop for DVD and video game rentals, which required the company to maintain a broad inventory of both movie titles and games. GameZnFlix is now a "gamer-driven" source for video game and DVD rentals, with the emphasis on offering our members the most popular new games for each game platform carried by GameZnFlix. While GameZnFlix will continue to offer DVDs, it will focus on current, gamer-oriented hit movies.
Brand Development and Marketing. GameZnFlix is also proud to introduce its new brand identity, encompassing a distinctive logo, color scheme and brand message of "Life Without Pause." GameZnFlix has also launched its new website through both www.gnfgames.com and www.gameznflix.com, which will enable GameZnFlix members to personalize their browsing and renting experience according to their individual preferences.
In the past, GameZnFlix used multiple advertising mediums to promote its services, ranging from national TV spots to online search engines. Past experiences coupled with Moroch's research and analysis has helped us identify which forms of advertising are likely to be most cost-effective and yield the greatest return. GameZnFlix will focus on these advertising mediums to most efficiently and effectively market its services.
Operations
GameZnFlix is determined to become profitable. In an effort to achieve this goal as soon as possible, GameZnFlix has improved its operations in the following ways:
-- Developed a new purchasing algorithm with the goal of improving
membership satisfaction with our inventory.
-- Worked with the United States Post Office to increase our shipping
efficiency while reducing the company's manpower requirements.
-- Transformed its customer service department by adding direct telephone
support during the company's normal business hours, expanding the number of
customer service personnel across the country to handle online inquiries 7
days a week.
-- Imposed mandatory salary reductions for key management executives.
Research and Development
Since December 2006, GameZnFlix has allocated a portion of its resources to research and development activities. The two principal projects have been GNF Entertainment and GNF Digital. GNF Entertainment operated two free-to-air satellite television channels, which were intended promote GameZnFlix while generating an additional revenue stream. As GNF Entertainment did not reach its revenue goals, GameZnFlix ultimately discontinued operations.
Entertainment industry analysts have predicted significant growth for the digital distribution of movies and TV programs between 2006 and 2008. In 2006, GameZnFlix began researching methods of delivering movies and other home entertainment by online streaming and secure download. At the same time, GameZnFlix entered into discussions with a variety of content owners, ranging from major U.S. movie studios to individual filmmakers.
As the major studios have required large financial guarantees for the rights to distribute their movies via the Internet, GameZnFlix has concentrated on licensing quality independent films. In January, GameZnFlix launched GNF Digital, an online movie store that currently offers over 200 movies for download-to-own. GameZnFlix has also secured the rights to distribute another 300 movies by streaming or download. Moreover, the GNF Digital storefront can be modified for selling other forms of digital entertainment, such as games. In light of the strategic advantages of establishing the company's own digital distribution platform, GameZnFlix considers the monthly costs of GNF Digital to be acceptable and a reasonable business investment.
Outlook
GameZnFlix remains committed to achieving profitability and realizing sustained success and growth. To this end the company has: (1) refocused the company's marketing to better reach customer demographics per the Moroch research; (2) developed a member interactive website to enable our members to better control our website when visiting and providing them with a quicker way of reaching the games and movies they like; (3) adopted a cost-efficient distribution workflow that has enabled the company to eliminate over 30 employees, while maintaining timely order fulfillment throughout the country; (4) overhauled the title selection and purchasing methods to better satisfy members' demand for the most popular new game titles; and (5) implemented a disciplined and refocused plan to reach profitability.
About GameZnFlix, Inc.
GameZnFlix is primarily an online provider of video game and movie rentals, and additionally, provides video on demand movies for purchase. With memberships starting as low as $8.99, subscribers can rent both video games and movies with no late fees or due dates. Membership for rental services is located on the Internet at www.gnfgames.com and video on demand is located at www.gnfdigital.com.
Notice: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Well said! or we should all believe that the pps is going to the moon and buy more ourselves...isn't that the more likely plot here???? Insiders messing with the boards to sell shares???
I would suggest that the majority are in fact shareholders who bought in at a much higher pps and are unhappy with the "crap" that has been perpetrated onto the shareholders by Mr. SW!
Of course neither I nor you could prove or disprove our opposite points....however, in my favor....I AM a shareholder!
Somehow that made more sense than 90% of those other posts! LOL....
me think it funny that sense no make purpose by onesome on board talk....geez I do think this way time some also!
If I try just a little I can also post that way...LOL...talk about intentional.....(IMO).
and just like the dilution......denied, denied, and denied....but guess what....it still took place and massive.....
The notion of learning from history works very well here....If SW can get away with giving BKMP shareholders nothing but more empty promises...that is exactly what we will see (IMO!) and based on his history....LOL...prove it aint so!
Please prove that the shareholders will get something/anything....fact is you nor anyone else on this board can prove or disprove either possibility!
We could get worthless shares in some other venture or we could get shares of TFN or we could just get squat!
Sounds an awful lot like some posts awhile back that insisted that proof be shown of dilution...LOL...guess we got the proof now don't we? Just alot too late!
As I stated before, it might be more prudent in this venture to prove that bad events aren't happening as opposed to proving that they are!
OK then, for the minorities benefit....95 to 98 % of us here are disgruntled investors! LOL....couldn't single out any one specific individual you know....its about the numbers, not the posters!
Nope...I won't be buying any shares until after the flood of SB-2A shares is finished (hundreds of billions more shares to go) and until after the OS is readjusted by RS or some other means with a similar result!
Best of Luck to YOU!
and how will FREE TO AIR....help TFN and even more specifically BKMP??? How will having free carriage help or impede signing or acquiring a real carrier for fees???
and How does this relate to BKMP/TFN....simply because two of the commentators involved in the production are also signed with TFN?
None of the production and or distribution of this event has anything to do with TFN...not based on that PR!
Should also mention that IF TFN were more involved in this event, it would have been described as such or at least joint PR something to that effect (IMO)....
No, no longer just billions more shares to unload.....hundreds of billions more shares to unload! All right there in GZFX's very own SEC filings!
In short form....basically looking at 100-200 Billion OS at the current pps just to satisfy the GGI deal....and GZFX can only receive an additional 7 Million in funds from GGI to be all in!
The only thing that matters concerning GZFX as an investment....taken directly from GZFX's Filings with the SEC!
As of June 30, 2007, we had 7,653,381,587 shares of common stock issued and outstanding, and the debenture outstanding as of that date ($151,020) may be converted into an estimated 50,631,850,609 shares of common stock (conversion price of $0.000328 based upon closing price of $0.0004 as of that date), and outstanding warrants to purchase 6,875,000 shares of common stock. In addition, the number of shares of common stock issuable upon conversion of the outstanding debenture may increase if the market price of the common stock declines. All of the shares, including all of the shares issuable upon conversion of the debenture and upon exercise of the warrants, may be sold without restriction. The sale of these shares may adversely affect the market price of the common stock. The continuously adjustable conversion price feature of the debenture could require us to issue a substantially greater number of shares, which will cause dilution to existing stockholders. Our obligation to issue shares upon conversion of the debenture to Golden Gate Investors, Inc. is essentially limitless. The following is an example of the amount of shares of common stock that are issuable, upon conversion of the balance of the debenture of $151,020 as of June 30, 2007
$0.0002 $0.000164 101,278,798,780
$0.0001 $0.000082 202,572,707,317 96.36%
You can count me in also.....just as long as Sandy's "partner" Mike Garrow and all the assets of TFN are included in the suit!
Yeah...unprovable....that is what many here stated about the dilution that was taking place here....even I (who clearly stated and fully believed dilution was occurring) did not expect nearly 30 Billion OS!
Proof works both ways....proving it aint so in this case may be more prudent!
Absolutely agree!
which company are you referring too??? Isn't that the biggest problem here? BKMP no longer has any appeal at all....bloated pig that she is....TFN is an entirely different entity and is not tied to BKMP in any fashion at this point in time!
(1) Preferred Dividend SCAM as a reward for longs.
(2) Buy-out PRs and Interviews which trigger CD conversions which were supposed to be on hold.
(3) Resulting in a more than 2.5 fold increase in the OS which now stands at 29 Billion.
(4) Interesting that there was no mention of a trigger on CD's whilst SW/Traders Nation were promoting the Buy-out.
(5) Now instead of a Buy-out....we are too believe that it is an infusion of funds resulting in a major reduction in the percentage holdings that BKMP has in TFN from 17.5% down to 5%.
SW is not a man of his word and couldn't give a hoot about shareholders here! Sleezy Scumbag CEO IMO!
Do we have a bid??? LOL!
Why, because I asked an individual poster and other posters on this board that proclaimed on numerous occassions (in response to my posts concerning dilution) that there was no dilution taking place for an apology for suggesting that I got it all wrong??? LOL!
Please note that there is no reference to said poster on this post!
Don't worry, those threes will get thicker if it ever makes it to that level....and boy oh boy....there will NEVER really be only 3 MMs at 4....LOL.....
Anyone gets any chance to bag this stock for a quick double....get out while the getting is good! I wouldn't look for much of a pop, or at least certainly not a sustained increase in value!
There are HUNDREDS OF BILLIONS more SB-2A shares left to be sold by GGI/GZFX....no other way around this!
and the service that GZFX provides you has absolutely nothing to do with GZFX as an investment! NONE, NADA, ZIP!
They can provide the worlds best service......the dumping of shares far outweighs any (ANY) advances in service and clearly hasn't impacted subs based on a loss of 3K in subs last quarter!
So where will the subs come from? and how many more will it take now to reach a breakeven point where GZFX will no longer have to depend on the sale (DILUTION) of shares? and then how much more to pay GGI off and take them out of the equation?
Break even isn't even enough at this point in time! Oh but wait, we can just RS the shares now can't we!
Many should pizz on him, not pizz him off IMO.....Slimey, Sleezy CEO that he is!
Dilute the holdings and we don't get paid! Is that not the idea being proposed here! "Buy-out"....anyone wanna bet???
You were told...as well as everyone else invested in this...that a RS is not in the plans currently or not on the table at this time....that IS NOT the same as stating that a RS won't be considered next month, two months....whenever.....
One is neccessary and one will be completed...no question about it...NONE....if you think otherwise, you are a blind.....
The OS and Float are already way too high. GGI is owed HUNDREDS OF BILLIONS of shares to satisfy the SB-2/SB-2A agreement (as seen by GZFX's own recent SEC filing).....
This has no place to go but down further....and when it can no longer sell shares onto the market (as it becomes more bloated) the shares structure will be re-adjusted in one fashion or another.
No WAY OUT
Oh and lets not forget that the supposed investment group willing to provide funds for TFN's growth (at the cost to investors in BKMP of a huge reduction in percent ownership in TFN)....they would be getting TFN....not BKMP!
So we as BKMP shareholders will now hold a 5% stake in TFN...which will continue to provide zero revenues to BKMP and BKMP will continue to have no revenue generating operations.....
Yeah....WOW...sounds like a really sound investment idea to ME....what about others here????
Unfortunately, complaining is the only route to vent shareholder frustrations....I have all but written this off at this time and suggest others do the same......
While in the process of completing a "deal" to buy-out BKMP shareholders, SW dumped billions of shares onto the market diluting shareholder interests by more than 2.5 fold.....and in order to complete the dilution....he used pump and dump tactics with PRs and Interviews on Traders Nation...many many here were excited about a buy-out deal with any hint of a suggestion that this would be a windfall for shareholders.
This just after making an incredibly huge mess of "rewarding" shareholders with trillions of preferred shares...yet they can only be rewarded if they are willing to pay an additional 150 dollars for every billion preferred they convert to restricted common shares.
Now it is suggested (leaked) that instead of a true structured "buy-out" some new investor or investment group is willing to buy into TFN somehow resulting in a more than 3 fold reduction in the stake held by BKMP (and supposedly BKMP shareholders)....
Of course we should all believe that all those funds are going to go to TFN and SW will see nigh a nickle for his percent ownership in TFN via BKMP correct????
Yeah I am pizzed....every shareholder on here should be screaming FRAUD at the top of their key boards!
Do you feel rewarded yet?? Of course he has always kept shareholder interest as his first priority! Yeah right!
Sorry, but as an investment....this is dead! JF can continue to keep the operations running for much much longer...as long as he continues to dump billions and billions more shares onto the market and there are "suckers" out there to buy into this adventure (should read nightmare)....but this is about investing, not about the operations and "great service" some have seen....
Regardless of what JF restructures....
(1) Lost subs, not gained!
(2) Still owe GGI hundreds of billions of shares to sell onto the market to satisfy the SB-2/SB-2A toxic financing agreement.
(3) and the company makes no further money on the sale of those shares owed GGI!
(4) JF will walk away with buildings paid for and inventory which he can use to continue to operate a "mom and pop" movie rental location in "bum Fack" Kentucky! Not to mention his wife's burger joint.
Sorry to those who lost here (including myself), but you will never re-coupe your investment here under these circumstances regardless of how many more subs GZFX can add....the damage is too great and the dilution will out strip any positive advances made (regardless of how small!).
If legal action is going to be taken....be certain to include Sandy's Partner Mike Garrow and all the assets of TFN! Since Sandy is his "partner"!
I am certain that MG is involved in this sham all the way up to his eyeballs! IMO!
Like that means anything.....SW's word isn't worth the breath it takes to spew it!
Another video on UTube that only has 78 Views and most by shareholders in the US.....yeah...nice advertising! LOL....
Don't think we should confuse a UTube video with advertising because it just aint so!
Better yet, maybe I should just file a complaint with the SEC and request that they look into the actions of SW and Company???
Whatever....2 to 3 years....is that before or after the massive RS? or before or after the mandatory buyback? or before or after SW and company dump billions more shares to fund the "so-called" global expansion?
Heard it all before! Too bad every success of TFN is/has been met with a declining shareprice for BKMP investors!
That is fine by me....nothing some say can be taken without suspicion anyways.
Like there are really any options to any shareholders here???
LOL! Doesn't matter what I think....it may matter what you think since you seem to have all the inside information.....regardless, my shares were purchased at 0.0005 pps and a few below that....they are now pretty much worthless and we have been told about Global TFN expansion for many many months now...with no expansion evident! Unless you count all the free to view on-line sites which does nothing for BKMP shareholders!
Save your words for someone else who might be gullible enough to think that the shareholders have not just been shafted three times now...
(1) Preferred Mess
(2) Continued CD conversion and massive dilution
(3) Lowered percentage holding in TFN while everyone here was expecting an increased stake and expansion.
Seems you have changed your tune considerably from expecting an increased percentage investment in TFN also????
LOL....yeah...right good news! Who you kidding with that???
NOT ME!