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I'm fine with my broker, I'm not with them to buy penny stocks anyways.
My broker won't even let me enter a buy order on this thing anymore, that sucks
It's hard to imagine that this has only traded 15,572,352 shares this year. Since I own almost 9x that I think I'll double the years volume tomorrow to the open
Fight Network eyes contender status
Broadcaster acquires new financial backers, purchases British sports channel
GRANT ROBERTSON
MEDIA REPORTER
April 2, 2008
Canadian specialty broadcaster The Fight Network is expanding overseas with the purchase of a British sports channel, which the company hopes to use as a base for further expansion in Europe.
In a deal expected to be announced today, the upstart Toronto-based channel is also adding several private investors to help fund its growth strategy as it looks to capitalize on the rising global popularity of mixed martial arts.
Among the new financial backers is Slaight Communications Inc., headed by former Standard Broadcasting Ltd. chief executive officer Gary Slaight, who sold the family's radio operations to Astral Media Inc. last year.
TFN Global Inc., The Fight Network's parent company, is buying The Wrestling Channel for an undisclosed amount. The channel, carried on British satellite TV reaches nearly nine million homes there.
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The Globe and Mail
"For a rinky-dink sports channel from Canada, that's not bad," said George Burger, chief executive officer of TFN.
Privately owned TFN put its brand on the channel in January, renaming it The Fight Network U.K., and will now take full ownership. The Wrestling Channel was previously owned by an advertising agency that bought it to sell commercial time, but had not invested much in marketing or programming, Mr. Burger said.
The Fight Network intends to expand into additional countries this year, though it has not specified which ones. The company has its sights set on a half dozen countries in Europe and the Asia-Pacific region, depending on whether TFN can negotiate joint venture agreements with local partners.
In addition to Mr. Slaight, other private investors involved in a private placement to fund the expansion include Martin Goldfarb, chief executive officer of market research company Goldfarb Consultants Ltd.; Robert Foster, CEO of Capital Canada; and former Alliance Atlantis Communications Inc. executive Judson Martin.
The Fight Network launched in 2005 and now reaches into roughly 425,000 Canadian homes through cable and satellite TV. Its programming is also seen in North Africa and the Middle East through Fox Sports International.
The network airs a mixture of boxing, wrestling and mixed martial arts. In 2006, according to the most recent financial data available from federal regulators, the Fight Network had revenue of $538,000, but registered a pretax loss of $2.9-million. That gap has since narrowed, executives said, and the company expects to be profitable by the first quarter of 2009.
Mr. Burger, who helped start the History Channel, was named CEO in September. Previously, he sought to launch a new pay-TV service in Canada, but was blocked in 2006 when regulators awarded the licence to rival Allarco Entertainment.
Thanks Jvan, over promise and under deliver has been a major theme with this company. Let's hope we can get a PR. I would have given him more of a piece of my mind, but Sandy never replied when I did that.
From: Samai Singjan [mailto:ssingjan@yahoo.com]
Sent: Monday, February 25, 2008 1:01 AM
To: xxx
Subject: Re: Blackout Media
I appreciate your comments and will be getting information out to shareholders in the very near future
----- Original Message ----
From: xxx
To: ssingjan@yahoo.com
Sent: Thursday, February 21, 2008 6:05:29 PM
Subject: Re: Blackout Media
Mr. Singjan,
As a l a professional trader, loyal shareholder, and a fellow president, I have to say I am very disappointed with your communications since taking your new role. Over 3 months without any formal communication. There is a clear lack of transparency, and you need to work on maintaining control of the situation as the leader of this company. We have been sitting here without a bid for over 5 months and there has been no effort to enhance shareholder value, no updates on prior news releases, and a new CEO who looks to be doing nothing for the company based on the current communications. BKMP is the main reason I will only invest and deal with real companies with revenues and earnings. Please inform shareholders and I trust you will do what is the right thing for the company and shareholders. I would love to email you and tell you you are doing a great job, but how would I ever know?
Thanks,
I love the 401keg plan, that's what every investor will be buying in this market. CNBC tells them to keep buying, they're so smart
Inflation reminds me of the dilution of BKMP, there used to not be as many dollars. Eventually this could be worth 100K and would still be 10K inflation adjusted lol
I agree that we need to have all these restricted shares removed from the market or just get a fair market value. Supply is way too high her.
crap, I only own 140M, it used to be a higher %
I would love to see the 99% O/S reduction some are claiming, but how could they do that outside of a mandatory buy back at .00001 like PAIM did since this board definitely owns more than 1%...I own more than 1%.
Housing Meltdown
by Peter Coy
Friday, February 1, 2008
Provided by Businessweek
Why home prices could drop 25% more on average before the market finally hits bottom
As Washington policymakers struggle to keep the U.S. out of recession, the swirling confusion over the housing market is making their job a lot tougher. Will American consumers keep shopping or be forced to pull back? Will banks lend freely or be hamstrung by mortgage defaults? What are the best policy options right now? Those and other important questions simply can't be answered without a good idea of whether home prices will rise, flatten out, or keep dropping.
Some experts have begun to suggest that a bottom is in sight. Pali Research analyst Stephen East wrote in a research note to his firm's clients on Jan. 25 that "the sun is not shining very brightly, but at least the worst of the storm has likely passed." With optimism budding, Standard & Poor's beaten-down index of homebuilder stocks soared 49% from Jan. 15 through Jan. 29.
More From BusinessWeek:
• Slide Show: Housing Prices Shed Gains?
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• Slide Show: Analyzing the Housing Crisis
But it's considerably more likely that the storm is still gathering force. On Jan. 30 the government said annual economic growth slowed to just 0.6% in the fourth quarter as home construction plunged at a 24% annual rate. The Standard & Poor's/Case-Shiller 20-city home price index fell 7.7% in November from the year before, the biggest decline since the index was created in 2000.
And that could be just the start. Brace yourself: Home prices could sink an additional 25% over the next two or three years, returning values to their 2000 levels in inflation-adjusted terms. That's even with the Federal Reserve's half-percentage-point rate cut on Jan. 30.
While a 25% decline is unprecedented in modern times, some economists are beginning to talk about it. "We now see potential for another 25% to 30% downside over the next two years," says David A. Rosenberg, North American economist for Merrill Lynch (MER), who until recently had expected a much smaller slide.
Shocking though it might seem, a decline of 25% from here would merely reverse the market's spectacular appreciation during the boom. It would put the national price level right back on its long-term growth trend line, a surprisingly modest 0.4% a year after inflation. There's a recent model for this kind of return to normalcy after the bursting of a financial bubble. The stock market decline that began in 2000 erased most of the gains of the boom of the second half of the 1990s, leaving investors with ordinary-sized returns.
Why might housing prices plunge violently from here? Remember the two powerful forces that pushed them up: lax lending standards and the conviction that housing is a fail-safe investment. Now both are working in reverse, depressing demand for housing faster than homebuilders can rein in supply. By reinstituting safeguards such as down payments and proof of income, lenders have disqualified thousands of potential buyers. And many people who do qualify have lost the desire to buy. "A down market is getting baked into expectations," says Chris Flanagan, head of research in JPMorgan Chase's (JPM) asset-backed securities group. "People say: I'm not buying until prices are lower.'" He predicts prices will fall about 25%, bottoming in 2010.
Nobody can be sure how far prices will decline. Still, if prices drop that much, it could mean big trouble for the U.S. economy, which is already on the brink of recession. It would blow a hole in the balance sheets of banks and households, slicing more than $5 trillion off household wealth. That's roughly the size of the drop in stock market wealth from the peak in early 2000, a big reason for the recession of 2001. Yale economist Robert J. Shiller, a longtime housing bear, points out that a housing decline that started in 1925 and ran until 1932 weakened banks and contributed to the Great Depression, which started in the U.S. in 1929.
MACARONI AND CHEESE
It has become a cliché, but an accurate one, that Americans used their homes as ATMs during the boom years. They lined up for cash-out refis or home-equity loans to turn housing wealth into spending money.
So far, the amount of equity being withdrawn has remained surprisingly strong—$700 billion at an annual rate in the third quarter. But it's bound to dwindle if prices keep falling, giving the economy a further downward push. According to an analysis conducted for BusinessWeek by Zillow.com, the real estate Web site, a further 20% decline in prices nationwide would mean that two-thirds of people who bought in the past year would owe more than their homes would be worth, meaning they couldn't take out cash if they wanted to.
Unbelievable manipulation on the $75 Puts today, CBO crooks are going to get theres for this type of behavior.
Another day of the Dow moving higher on light volume, lets see if the market can get another fix of interest rates. This fed has been dealing and the market has an unhealthy addiction.
Big money has a tendency of being right more times than not. Always use stop losses and ensure you live to invest another day.
I've never experienced it myself, I honestly have no idea how it will trade or how it will impact the value. You should definitely reach out to the public relations contact to discuss your questions and concerns.
I would take your profits and reload closers to the 200 week moving average. Major support there but we broke a major put trend. If you don't want to sell and think it will pop, sell at $21.64 200 day moving average or $22.30 50 day moving average.
Sounds like your stocks won't trade on an exchange anymore because not enough shareholders own it.
Same story here, great company and great earnings, sold hard.
Great earnings, great company being sold hard, monthly sell signal crossing it's 20 month moving average
Markets are selling the rallies. Worse January on the books thus far. 600 point swings and volatility are clues as to what's happening. I'm actually tired of hearing the cries for bottoms on CNBC.
Hey Red,
Still holding up strong? I hope these markets have been treating you well.
I hope everyone made money with the opportunities presented today. Gotta love the official bear market and the happy pump into the down futures. Is it normal to buy bear markets? The feds can only do so much before all this stuff starts to unwind.
Wyatt,
As we wait and the buzz continues, I grow extremely board with this stock. It's like Wall Street when Michael Douglas says, "You see that building, it used to mean the world to me and now it's just another days pay". I've spoke with many large shareholders about the fact that communication is extremely important. I can appreciate if there are positive developments, but if that is the case, please let us know. There has been no improvement outsides of all these factual rumors.
I agree 100% Don, we need The Last Samurai to comeback from his vacation and get the PR machine and emails going. Like I said before, tons of money in cash these days.
How's it going Mick? I can't wait for my $600 to $800 relief, boy that will go far here in the Northeast! 10 Day 60 minute chart tells the truth as these relief rallies have been getting squashed!
Please stay clear of the financials as they will likely cut divy like C
How have you been trading these markets Mick?
I agree with all that, we need capit. on all indexes and stocks and a HUGE VIX spike!
I'm just happy to be up 21% this month so far while everyone else is down -10%. Then Cramer comes out and says to sell the stocks I have puts on, that's just great lol.
Maybe Bush will come out and resign tomorrow, we'd only be so lucky.
"I'll pay every America $5K for your vote!"
Check out the VIX if you have a time. I've liked it for some time but haven't owned any. My friend had contracts that expired on Wed, I told him to roll them into Feb. Check this amazing stat on the market, if the Nasdaq and S&P 500 close January below these figures, it will be the worst January in the 50+ year history of the HOLY
STOCK TRADER'S ALMANAC 2008
People really need to be mindful of what is really going on. It was pretty obviously after Intel disappointed and the market went up after testing key supports that they were going to find a reason to sell. The market whines when it doesn't get it's way, ie. 100 point cut or an emergency cut. Trump was just on CNBC saying they should cut 100 points and see what happens. Is it really that bad that we should shoot first and ask questions later?
Sorry for the late response, it was a very busy day. Best day yet, $6,132. I'm so happy to be self employed, that's how the tax code is designed.
Strongtower has been around this board far longer than most and he is a straight shooter. BKMP is dead till they decide to sack up and get a PR going. I love how only in stocks can you do business without letting your boss (shareholders) know what your doing. Slim Jim has had over 60 days and most people with a manager title would have some sort of action plan and be several steps into implementation. At the end of the day it comes down to execution. You either do it or you don't.
Maybe low 11k for now, but I wouldn't be shocked if we pierced it. Who knows, 08 could just be setting up for 09. It really depends on how quickly we get fiscal stimulus and how quickly the hosing market turns around. When I was looking at houses, the broker told me half of the homes were owned by the bank being sold right now, doesn't bode well for the market with increased delinquencies and ARM's reseting shortly.
Well I hope you keep you're stock strong, if you find it getting weak, you can still be strong
Yeah, you'd have to be crazy to be long with this market action
Thanks, hopefully tomorrow will be better