My understanding according to the court ruling--they max out at 2 billion shares. So to get repaid in shares at 2 billion will pay off the debt. So yes if something good does happen with this company DLC has 2 billion shares and to sell at .25 what a deal!!

Thank you. I believe the debt can only be limited at 2 billion shares. Approx. 250,ooo debt repaid in shares-with 200,000 to go. That revenue projection really is just wishful thinking on his part? It sounded so real in the releases?
When are the financials out?
Thanks again.

Was he positive on revenue---how about the debt--did he make you feel any better

You have to be working for the company ---or MP himself!!!

Okay--I agree--but look at what MP said on the 10th:700,000,000 shares out.
AT 700,000,000, market cap of 140,000.
I think there is almost twice this--so a market cap of 280,000.?---with no revenue--just projections---he did this before too!!
Still looks good?----speculation. Gets me in trouble all the time!

keep doing your homework-----MP himself emailed and said he believes 700million are outstanding. Ta said 138,000,000.
So you true agenda is to make us believe what!! My belief is that you are maybe just naive --or part of this con game!! Either way Mike is going to jail. Just happened to a couple of CEO's that released shares to themselves--but lied about revenues---etc. etc...

Press Release Source: WGL Entertainment Holdings, Inc.


WGL Entertainment Holdings, Inc. Acquires 10% of Open Road Television
Wednesday April 18, 11:12 am ET


ORLANDO, FL--(MARKET WIRE)--Apr 18, 2007 -- WGL Entertainment Holdings, Inc. (OTC BB:WGLT.OB - News) announced today that it has acquired 10% of the common stock of Open Road Television (ORTV). In addition to this weekend's production of "XXChromes" for SPIKE T.V., WGL Entertainment Holdings, Inc. will be part of all future ORTV productions, which include thirteen episodes of "XXChromes," and future plans for many Motorcycle based productions for networks such as Spike, Speed and Outdoor.
"Gina Woods, President of ORTV, is a visionary in the Bike Industry and has a tremendous fan following through her very popular Radio broadcasts on 'Open Road Radio,' America's premier motorcycle talk radio show on 95.1 FM in Chicago. We are thrilled to be involved in this innovative and immensely popular segment of television entertainment, which is growing at a very rapid rate as young adults and baby boomers all over the country become involved in Motor Bikes," said Mike Pagnano, CEO, WGL Entertainment Holdings, Inc.

For more information visit www.midwestcyclemania.com or www.openroadradio.com.

ADVERTISEMENT


WGL Entertainment Holdings, Inc., through its subsidiary WGL Entertainment, is the producer of the WGL Million Dollar Shootout Reality Television Series and several other made for T.V. sports entertainment events scheduled to be produced in 2007 and beyond.

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.



Contact:
For more information contact:

Michael Pagnano
WGL Entertainment Holdings, Inc.
1-407-328-8538

Whats the word---capitulation. Thanks MP

Last I knew TA says 138 million, MP says 700 million as of the 10th of April.

So, now like you say it is all about his integrity--(I know about mine for posting this--but what the hey---I've been burned--and I would like to know why-and let you know what the flies(wasps on the wall-- are saying!)

The words I noticed were at "least a week" and "Hopefully".

for what it's worth--I tried all week to get .0002. My broker even said that although it may show .0002---this stock indicator is not true--.anyway--think the week is up? Week at least!

From: "Mike Pagnano" <mpagnano@wglmilliondollarshootout.com> Add to Address Book Add Mobile Alert

Subject: Re: Company
Date: Tue, 10 Apr 2007 12:41:04 -0400
We are working on a bridge loan to pay off DLC. It will be another week at least.

Hopefully, we get a US deal for the show soon and can use that revenue to buy back shares and increase the PPS.

We have approx 700M shares outstanding.

Mike Pagnano
CEO,
WGL Entertainment
407-328-8538
www.wglmilliondollarshootout.com
----- Original Message -----
to: mpagnano@wglmilliondollarshootout.com
Sent: Tuesday, April 10, 2007 12:09 PM
Subject: Company


Dear Mike, I am a loyal investor, and an avid golfer here in Southern California.
Many of my friends and colleagues are investors of your company.
Please give us some idea of when we can look at the share price again---the people I have promoted this to---will not even look at this stock at this time, because of the drop--this is not good--these people have alot of contacts---.
They believed me--now they doubt my optimism.

When can we expect in your opinion DLC to be through?
How many shares do you think are outstanding now?

When do you think we will see a rise in stock price( my friends all bought just after Christmas)

Thanks-still loyal

Might be a good idea to de-list this pig--until they can reveal the number of shares out to unsuspecting investors.

My friend -my little Birdie says 700,000,000--I think he should know--but that was yesterday!!
What would you consider a good market cap for this!
No revenue--lots lots of dilution---ongoing

Does anyone know if there is a low limit stock price for whatever reason--to trade?

Called TA --as of yesterday showing 138,000,000 shares out. Contacted a Mr. Birdie--and he told me over 700,000,000 shares out at this time. At .0002 a market cap of 140,000---Really!
Now if you were gonna pay off a debt in shares---wouldn't this be the craftiest-especially if you have so many to give--then just devalue them---once the air is cleared--rs--or buyback--.Sucks for an investor--also for DLC that is owed over 495,000 large-pay them in worthless shares. My birdie told me this will go on for at least another week.

What makes you believe we will see .0004 again---

Speculation is interesting---
Now--what if WGLT makes a profit in May. Lots of companies even on NASDAQ never make a profit--and have Gzillion shares out.
What-if, in May Mike makes money, hopefully with this court decision DLC is paid, and share issuance--lawyers are paid--now just profit..what-if.
Say 5 billion shares out--1million in profit--Mike says he is gonna buy back 50% of outstanding shares---he must have some idea of what that may cost!!--at these levels, with the MM--he could probably do it!!
Say 5 billion shares out--1 million profit--eps .0002 (times a whatever factor)--say 60===share price of .012.

What -if---profit is much more--and outstanding shares are much less--DLC could only get 2Bill. ---then share price===what??
Pretty could spec. play even at these levels.!! The short and the long of it -the way I look at it>

Also---Golf with many unwritten rules of etiquette Mike must know--Shareholder treatment unwritten rules(limit dilution etc.etc..----he must have some clue!!)

Now buy and sell at the close---
This stock and company to be taken seriously?---I still have some faith in them--cause that is my nature(blame it on my parents influence to go to church)----I cannot believe anyone can possibly lie about the business case--syndication etc..--- the companies credibility is shown in the stock price-now what could possibly at best-- the eps be if he had some revenue--would he make a profit---actually buy back shares like he says--then maybe no r/s. But the outstanding shares--and his habits of just re-issuing more as an amendment--are hard to believe--and I doubt legal--and hard to get anyone interested seriously--except to ride the waves--cause surfing is good on big % gain waves.

The best trade is .0004 to .0005, a 25% increase every time---all you can do is play what they give you

I guess that is what that is

SEC report filing-April 2--nothing there

Yeah I read their posts--alot of people have seen this happen before---perfect conditions for shorting--fluff news releases-amendment to release 10,000,000,000 new shares at .001 par value, and the DLC if you believe the e-mail from Mike. DLC could easily have paid off the debt by now-by selling shares. Hasn't this debt been around since 2003-and part of a court case?
Anyways-pennystocks---big risks-big rewards--or big losses---We all know this---just maybe , I mean just maybe MP means to do good to the shareholders--and just maybe--he might make some money---and just maybe there might be some credibility--some day--so I'm still a sucker for punishment-ie-investor in WGLT

I agree--since the volume jump on the 20th--price was much higher---easily could have gotten 485,000.

I sent him an e-mail and he responded!



We owe $485,000 to DLC capital. They keep converting shares daily to pay down the debt. Unless we pay them in cash, they will continue to do so.

Mike
----- Original Message -----
From:
To: mpagnano@wglmilliondollarshootout.com
Sent: Monday, April 02, 2007 5:36 PM
Subject: Investor Info


Why do you think the share price has dropped so drastically?
Have new shares been released for sale?
How many outstanding shares to date?
When is the quarterly report due out?

Thanks, an angry, frustrated investor in WGLT. Please help!

Way more shares than that---got to be---porchdaa--I'm not your enemy--WGLT needs money for the next month--and they are living on their --Should be revenue--crap---that is a big should be!!!

Somebody knows alot more about this company than I do-and I really hate that--adios!

I got out just in time----may be buying back at .0001

Is the selling over????

Got an idea for a new game show---willbe syndicated in the whole world should generate millions in profit--its called Million Dollar Get the CEO--we follow a CEO of a company that has scrwwed the shareholders and videotape his every move--watch all his gay friends go and cum---and then like wack a mole---we hit em!!! 39 dollar entry fee ---any takers!!
Market survey says the Asians are really interested in this type of event---will produce offshoots like Cold Winter Nights and Celebrity wack a CEO----