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I may be able to buy back in at .0003!
WOW, someone dumped over 100 million shares late in the day! Was not us, we were done around 3:00 pm! Did Sandy sell some more shares into the market? Maybe he had to get more money for another trip to the casino's in Vegas!!!
Holding onto 100 million. The rest have been sold! Will reconsider our 100 million holding at months end! Your welcome!!
Sorry wrong, the stock has a strong bid at .0004! Who is the idiot now?
Simply, BKMP owns 20% of TFN BUT IS FINANCING 100% OF TFN THROUGH STOCK DILUTION! SIMPLE!
Your right Domerfan, we did find out this company is a phony and we are getting out before we lose it all!!
This is looking worse every time you flip the page!!
IF SANDY WINICK IS INVOLVED WITH THIS STOCK IN ANY WAY, YOU NEED TO GET OUT NOW!!!
Now I have seen it all! Jim Bishop who has bashed this stock for some time is the assistant moderator on the PAIM board where Sandy Winick is suppose to be involved as an executive in that company!! RUN FOR THE HILLS!!!
Selling each day! The buying volume dried up today! Only able to sell off about 1/5th!
IS SANDY WINICK INVOLVED WITH THIS STOCK???
YOU MEAN SANDY WINICK IS THE CORPORATE SECRETARY OF PAIM ALSO????? OH MY GOD!!! THE SELLING CONTINUES TOMORROW, WE HAVE GOT TO GET OUT NOW!!!
HH, get ready with your check book because you will be able to buy shares in March! That I can guarantee you! I am tired of waiting for Sandy to return an email to anyone!! Certainly the whole situation is starting to stink! jmho!!
RU, apparently Sandy's past has caught up to him here in BKMP and with the floorless CD we are not going to wait around for the other foot to drop, the R/S!
Nope not going to wait that long! We will be out by then!!!
Yep before all the billions of shares hit the street. Funny how the silence happened right at that time!!
j-Rhino, don't believe that for a minute! That is just your imagination talking right now!!
RU, remember that all the press releases make NO mention of BKMP. All press releases are from Mr. Garrow and TFN! That sir is a concern to me! I have been unable to get any emails returned, phone calls returned, nothing from Sandy Winick!
RU, why don't you ask Sandy why we have not gotten any figures from him on the PPV shows? Seems the company has gone absolutely silent!
Dave, how many shares are issued on The Outdoor Channel?
When they get the price down to a bid and ask of .0002 X .0003! When it trades in that range, they will keep it there for 30days because it will take that long to make the request to the company and the company get the T/A to send it off to them AFTER all the attorneys have signed off on the note and the deal. We are going to the .0002 X .0003 range within the week and we will be left there for at least a month. That is my opinion!
You better look at their filings. Suddenly a $2.2 million CD showed up in one of their filings last year! It right there for you to see. Signed off by Mr. Winick!
RU, thanks for the pick me up, BUT, we have been lied too!!! Sandy has lied to us all!!!
Let is go killer!! YOu are beginning to sound like a kid! LETS ALL SCREAM: SANDY, WHERE THE HELL ARE ALL THESE SHARES COMING FROM???????
Well you can bet this, we will not sell one single share at these levels. We will take the company and Sandy to task if we find out that this has turned out just to be a money tree for Sandy with no benefit to the company shareholders. We will go down with the ship and make sure the captain is there right along with us! He will not personally gain anything from this venture unless it is all on the up and up, then he will be rewarded along with the rest of the shareholders!!!
Well pfl26, someone needs to tell me how we get over 500,000,000, yep 1/2 a billion shares BOUGHT today within 1 1/2 hours of opening and we go NOWHERE??? Someone tell me where these shares come from? Hell we own over 400,000,000 of the last reported 1.6 billion float!! We did not sell a single share!!! SANDY, TELL THE SHAREHOLDERS IF WE ARE PAYING FOR YOU LAVIOUS LIFESTILL!!!
FLIPPIN' HAS NOTHING TO DO WITH THE VALUE AND VOLUME OF THIS STOCK! SIMPLE!!!
If the CD is set up at 80% lowest market traded price for the 3 days prior to conversion request, then this will explain why we are in the .0003 to .0004 range and holding it. It would make the conversion price at .00024! This silence from Sandy is deafening and it certainly should raise a flag of concern of every shareholder here! The only saving grace is AFTER the conversion occurs we will see the run everyone is waiting for! I suspect the reason we have seen an increase in volume and the shorting is because we are coming closer to the USA carrier news. They will need to convert BEFORE the news comes out and then they will sell into the spike for huge profits. I really would like to know who the holder is of the CD!! Could it be someone related to Sandy or Mike? That would really suck if it is!! jmho
UBSS has been contracted by the CD holder to short the hell out of this stock so they can convert at a share price of .0002. This will effectively give them full ownership of the company! That is my bet!!
bax, no answer on line 2! There are 3 possible scenarios happening over the last month:
1. Company is diluting heavily with the funds being used personally.
2. Company is diluting as needed to continue to fund operation and acquisition expenses ( A good thing)
3. Company is not diluting at all and there is an offshore hedge fund shorting the hell out of this stock and we are in a stalemate until we get revenues flowing and the company does their 1 billion share buyback!
All is unknown right now until Sandy comes out with share structure numbers!
Rascia, yes, BEFORE the days of the billions of shares started to trade with NO movement. That gave us concern of dilution. When we tried to call back we got no return calls from the T/A!
We are getting very close at getting the attorney to contact him directly!!
I REPEAT, POUNDING THE TABLE, UNTIL SANDY TELLS US WHAT THE SHARE STRUCTURE IS ALL THAT COULD BE HAPPENING IS THAT THESE NEW SHAREHOLDERS ARE BUYING DILUTIVE SHARES FROM THE COMPANY!!!! SIMPLE, NO SHARE STRUCTURE, NO MOVEMENT! EVERYONE SHOULD BE EMAILING SANDY DEMANDING A SHARE STRUCTURE UPDATE!@!!
Until we know the share structure on this stock, we will not run anywhere with any news! The company might as well save their money and not put out any press until Sandy gets off his butt!!
Until Sandy comes out of his hiding hole and tell us the share structure this stock goes NOwhere!!
Now here is the most ludicrous part of this whole story. If the actual issued is still 2.5 billion then the current market cap of this company is $1 million! That is ludicrous for a pricing. The accumulation lines on the charts and the RSI all show the massive oversold position this stock has.
This information is incorrect. When you sell stock the trade has no knowledge of what you bought it for. They only see the trade electronically on the level 3 and either elect to trade it or ignore it. They have no idea what you paid for it!
Currently, at the average over the last few days they could convert the $2.2 million share note into approx 7 billion shares. $2.2 Million / (.0004 X 80%) .00032 = approx 7 billion shares. Now if they have been shorting 7 billion shares since October 2005 when the price was .008 high, then you have a profit of 7 billion X .00768 = Approx $54 million profit! NOT BAD FOR A $2.2 MILLION INVESTMENT! All at the shareholders expense!
Death Spiral financing. This type of financing is dangerous. It is usually convertible to common stock at 80% the 3 day average price of the stock on date the financier requests stock. What they do is sell the shares they get immediately, pocket the 20% premium and start the cycle all over again. The way they get the price to continually drop is to short the stock down to a target price, convert, sell and short again. Their shorts are covered by the conversion at the 80% discount. Now their premium can be even higher if they have shorted for over a month and got the price down 40% so when they convert they make more than the 20% reduced premium. They in fact can short the stock into the ground!
I have done some research today! Here are some facts:
1. Sometime in July, August or September 05 a convertible note was obtained in the amount of $2,215,825.00. It does not state if this is a floorless CD or not. No details can be found. Since the CD was obtained our share price has greatly deteriorated and billions of shares have traded.
2. As of September 30, 2005 there was 100,000,000,000 shares authorized with 2,530,142,899 shares issued. Of the issued 1,530,142,699 shares are reported to be float shares.
3. On June 6, 2005 Sandy bought 2 million shares at .0205 per share with an ownership total of 142,000,000 shares
4. On Dec 14, 2005 Sandy bought 10 million shares at .0005 per share with an ownership total of 132,000,000 shares meaning between June 6, 2005 and December 14, 2005 Sandy sold 20 million shares into the market.
5. December 19, 2005 Sandy announced a 2 year company buy back program that can be cancelled at any time to repurchase 1 billion shares on the open market. That would leave only 530,142,699 shares in the float.
6. Company has a loss carry forward of approx, $22 million from previous companies. This proves very beneficial for future revenues.
7. January 17, 2006 Sandy announced 20% ownership in Blackout Communications. Blackout Communications owns TFN.
8. January 25, 2006 Sandy announced 20% ownership in The Wagering Network for and undisclosed amount of cash and shares. The shares are not designated re their class so the assumption has to be made it is common stock as the last reported financial shows only 1 class of share owned by the company.
Currently we have not been able to confirm if the share structure has changed nor if the CD is a floorless note.
Some DD for you.