Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Happy Easter Weekend All-Be Safe and have Fun!
Happy Easter Weekend All-Be Safe and have Fun!
Happy Easter Weekend All-Be Safe and have Fun!
Happy Easter Weekend All-Be Safe and have Fun!
Happy Easter Weekend All-Be Safe and have Fun!
Sounds like you converted neal-I truly hope it works for ya.
lighten up ...neal-was just my opinion-and I could really care much less about them dam shares.....
structure on BKMPP Shares? good lord BKMP barely has a structure fer chrisakes.
Remember it a Pink Sheet stock-they can do whatever they want to do....hmmmmm.... here are some free preferred shares for our loyal shareholders.....hmmmmmm....wait a second how about you give me $150 for a million of those free shares.....remember,LOL.
I believe only Prefferred Shares have any rights when a company sells out. Restricted shares....I don't think have any rights-
especially being a non-SEC Fully Reporting Company (OTCBB Fully Reporting company)
yea-they do not want to report being 10% owners at anytime.
For GGI-
now with PPS at .0007 conversion is at 28 Billion shares
at .0005 it has a coversion factor of 42 Billion shares
at .00025 it has a conversion of 85 Billion shares....
..it may be all over.hopefully not-can only wait and see.
I'd point blank tell him "to stop screwing your common shareholders"
GGI is contractually agreed to restrict its abitlity to convert no more than 9.9% of whatever current issued and outstanding is.
Happy Easter All!!-there is a way out to stop dilution IF JF has some cash to buyback CD's from GGI.
The filing says if GZFX gets too 50,000 subs by years end-they could break even-which is great-but, that still leaves the GGI Axe hanging overhead.
number of shares issuable to GGI at conversion price of:
.00075 is 28,541,000,000 Billion shares
.00050 is 42,819,000,000 Billion shares
.00025 is 85,655,000,000 Billion Shares
However, in the event that the market price of the Company's common
stock is less than $0.015, the Company will have the option to prepay
the debenture at 150% rather than having the debenture converted.
If the Company elects to prepay the debenture, Golden Gate may withdraw
its conversion notice. In addition, Golden Gate is obligated to
exercise the warrant concurrently with the submission of a conversion notice.
Golden Gate has contractually agreed to restrict its ability to
convert the debentures and/or exercise its warrants and receive shares
of the Company's common stock such that the number of shares of common
stock held by its and its affiliates after such conversion or exercise
does not exceed 9.99% of the then issued and outstanding shares of
common stock.
Wish other companies had this much disclosure.
There is such a pain in the ass to convert- I really don't see a great deal of people doing it-as stated in the PR "there has not been an excessive amount of conversion."
1. 150 bucks to convert a 1 billion to 1 million Shares that will be restricted for 1 year minimum.
2. then, remember you have to get the restriction "lifted" in order to sell,that alone could take some time.
3. and if you convert enough to have Billions of restricted shares-there are rules on how much you can sell in any given time...5% of any 3 day's average volume? something along those lines.
3.and, who wants to have shares that they can not actively trade for 1 year? that's a real sucker move-IMO
4. play your cards right and in a year's time you'll have free shares-IF you are buying low and selling high-over and over a few times-there are opportunities to do so-many here are doing just that; they are "trading" NOT "investing"
5.I don't know of the benefite of holding restricted shares-what previleges are associated with them-if any-if someone does maybe they can post what that might be.
If Sandy can expedite this share buyback with an ending date closer than 2 years-things could look really good
All Just My Thoughts and Opinions.
Yep-just like anyone else.
FYI-I'm not following anyone-I've been in GZFX in the past and bailed out when it was looking sour-about a year ago-I still have it on my streamer and will continue to watch it self destruct or evolve.....thank you very much.
yep....my clowning ass got out without losing it.
No Doubt-glad they is buying some back,LOL.
Thanks-here is more stuff: On February 1, 2007, the Company adopted the 2007 Stock and
Option Plan, which registered 400,000,000 shares under a Form S-8
filed on February 14, 2007. This plan is intended to allow designated
directors, officers, employees, and certain non-employees, including
consultants of the Company and its subsidiaries to receive options to
purchase the Company's common stock and to receive grants of common
stock subject to certain restrictions. The purpose of this plan is to
promote the interests of the Company and its stockholders by
attracting and retaining employees capable of furthering the future
success of the Company and by aligning their economic interests more
closely with those of the Company's stockholders.
Catch ya later- I'll keep watching this one-would love to see it really compete with netflix someday.
sweet mercy-I was thinking the company might turn a corner soon- but it don't look so:I'm not here to rub it in-Good Luck All.
Risks Relating to the Business.
(a) The Company Has a History of Losses That May Continue.
The Company incurred net losses of $10,840,259 for the year
ended December 31, 2006 and $4,239,532 for the year ended December 31,
2005.
And this :
Risks Relating to Financing Arrangements.
(a) There are a Large Number of Shares Underlying the
Convertible Debenture and Warrants; Sale of These Shares may Depress
the Market Price of the Common Stock.
On November 11, 2004, the Company entered into a Securities
Purchase Agreement with Golden Gate Investors, Inc. for the sale of
(i) $150,000 convertible debenture and (ii) a warrant to purchase
15,000,000 shares of common stock.
The debenture bears interest at 4 3/4%, matures three years from
the date of issuance, and is convertible into common stock, at Golden
Gate's option. The debenture is convertible into the number of shares
of common stock equal to the principal amount of the debenture
multiplied by 110, less the product of the conversion price multiplied
by 100 times the dollar amount of the debenture. The conversion price
for the debenture is the lesser of (i) $0.20, (ii) 82% of the average
of the three lowest volume weighted average prices during the twenty
trading days prior to the conversion, or (iii) 82% of the volume
weighted average price on the trading day prior to the conversion.
The warrant is exercisable into 15,000,000 shares of common stock at
an exercise price of $1.09 per share.
On January 17, 2006, the Company entered into an amendment to the
Securities Purchase Agreement with Golden Gate in which the debenture
was increased to $300,000 and an additional warrant to purchase
15,000,000 shares of common stock was issued (also exercisable at
$1.09 per share).
As of February 28, 2007, the Company had 6,058,176,376 shares of
common stock issued and outstanding, and the debenture outstanding
that may be converted into an estimated 21,401,704,832 shares of
common stock at closing price of $0.001 as of that date, and
outstanding warrants to purchase 15,965,900 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 the Company to issue a substantially greater
number of shares, which will cause dilution to existing stockholders.
The Company's 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
$159,659 as of February 28, 2007 (excluding accrued interest), based
on market prices 25%, 50% and 75% below the closing market price as of
February 28, 2007 of $0.001:
Effective Number % of
% Below Price Per Conversion of Shares Outstanding
Market Share Price Issuable Stock
25% $0.00075 $0.000615 28,541,000,000 471%
50% $0.00050 $0.000410 42,819,000,000 707%
75% $0.00025 $0.000205 85,655,000,000 1,414%
As illustrated, the number of shares of common stock issuable upon
conversion of the debenture will increase if the market price of the
stock declines, which will cause dilution to existing stockholders.
(b) The Continuously Adjustable Conversion Price Feature of the
Debentures May Encourage Short Selling of the Common Stock.
Golden Gate is contractually required to exercise its
warrants and convert its debenture on a concurrent basis. The
issuance of shares in connection with the exercise of the warrants and
conversion of the debenture results in the issuance of shares at an
effective 18% discount to the trading price of the common stock prior
to the conversion. The significant downward pressure on the price of
the common stock as Golden Gate converts and sells material amounts of
common stock could encourage short sales by investors. This could
place further downward pressure on the price of the common stock.
Golden Gate could sell common stock into the market in anticipation of
covering the short sale by converting its securities, which could
cause the further downward pressure on the stock price. In addition,
not only the sale of shares issued upon conversion or exercise of
debenture and warrants, but also the mere perception that these sales
could occur, may adversely affect the market price of the common stock.
(c) The Issuance of Shares upon Conversion the Debenture and
Exercise of the Warrants May Cause Dilution to Existing Stockholders.
Wow-Don't think I'm here to give you all a bad time-I was hoping for this to turn around and I'd get back in-but I just do not see it happening-Sorry Folks-Good Luck
dejoya and company got a hell of a deal- 15 hours of work "max" per month for $5,000
Tradeswapper is a smart fella-womder if he's gonna work for INXR?
UFC is Trying to Educate the Athletic Commissions
February 16th, 2007 by MMAlowdown (No Ratings Yet)
Loading ...
The UFC is making a strong push to get sanctioned in states that currently don’t allow MMA, or aren’t governed by the athletic commissions. The UFC will not run shows that are not athletic commission regulated. They are going after the big markets, like Chicago, Detroit, and New York, in particular.
As part of this effort, the UFC will be filming instructional videos, put together by Joe Silva, Big John McCarthy, and Marc Ratner, to help athletic commissions and state legislatures understand what the sport of MMA is all about, according to Dave Meltzer of Wrestlingobserver. These videos will also help the athletic commissions educate prospective judges and referees who don’t understand the technical aspect of the sport and what really goes on on the ground. They are used to boxing and really don’t understand that you can actually be winning the fight from your back.
This is a huge step by the UFC and is way overdue, in my opinion. Part of being governed by the athletic commissions is they are in control of who gets to judge and referee. The UFC and the fighters can recommend a referee, but the commission gets the final say.
This also goes a long way in helping get MMA sanctioned in states that do not currently allow it. It will help the legislators understand that it is truly a sport and not human cockfighting or a barbaric bloodsport.
Meltzer is also reporting that the Pennsylvania commission will be attending UFC 68 on 3/3 to look at the possibility of having MMA events held Pennsylvania.
Philadelphia is a huge market and would be a great venue for the UFC. Philly is a boxing hot-bed and with MMA taking over, a show in Philly would be a huge success.
This is one of the smartest things the UFC has done in a while and, quite frankly, I’m not sure what took so long.
We should start to see the effects of this move in the coming months. Hopefully we will see the UFC get sanctioned in some of the major markets that have yet to allow it. It would also be nice to see judges and referees have a better idea of what is going on and have the judges score the fight accurately. A welcome change to the UFC.
Posted in Zuffa LLC, Joe Silva, John McCarthy, Marc Ratner | 5 Comments »
Wow Neal-where did all thatcome from?-I'd like to read it first hand.
Gordon wasn't too happy with second place-we'll see how freely information is given out now-even if Hendrix says too share info-I'll bet they hold back just a tad bit.
Looks like a turn around-Thanks for the Chart Dart.
yep- IT'S BEEN A MONTH ALREADY!!the last PR on Mar 9th leaves a real black mark on the stock-anyone sees that and they move on to another stock-no one wants to mess with a stock that has had a recent suspension hanging over their head.
Need a PR Immediatly explaining current situation and what the company plans do do moving forward.
JMO
we'll never know until he puts out an informative PR of his plans/vision.
Sad when ya can't get it done in 3 months-it's not like there is a lot to report.
I suppose with the selling of the company-it might screw up the paperwork.
Cosmo-I'll bet he likes Happy Hour too-doesn't mean we'll see a PR every time he hits the dam pub,LOL....good grief.
YEP-GOOD WEEK.The Fuel Pumps Issue-Tony lasy week Harvick this week-I'D be soooooo dam pisssed if I were those guys-fancy ass piece of crap fuel system-Fire that lead design engineer of the pump system.
there.....now I feel better,LOL.
Lot of folks did pretty good this week-you guys are reeeally makin it tough on me.
Phil-I'll go with the 20 29 5 8 -Thanks & good luck to all.
CaesarStone-thanks for that-as well as your next post.
Anything is possible nowadays-I'm was just voicing my concern that I hope they have all bases covered as far as the possibility of a hostile takeover is concerned; would be prudent to say the least that they have this covered-which in my opinion...they do.
Phil sure is-can't help ya with the Chevey problem-however now the the Race for the Chase is a "top 12" deal....shouldn't we be able to pick ...from the "top 12"....
LMAO-Just what ya need to think about huh,LOL.
Another tough week of picking.
Anyone think Mr.Yeung bought MSEM as a Shell Company?In the 8K filed on 3-28-07, his expertise and former business experience seems way out of sorts from what MSEM does.
Sure looks like a new Name/Symbol change and Business Model change coming down the road in the future.
Just a thought and my opinion.
Once the TV adds start on CNBC and/or Bloomberg INXR is going to really have some major interest and eyes watching;
It's hard to imagine Institutional Buyers NOT making calls to the company if the company is advertising on those two networks; I know they normally have nothing to do with pennys and Pinks.
I hope INXR Management has something ready for a CNBC Interview.
I also hope that the company has/owns enough shares/prefferred shares to prevent a hostile takeover.