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Less than,4 weeks and the buy back begins.
They need spending capital, so they are diluting shares.
Over 150 million shares sold yesterday. Redfisher, you are here to tell us not to buy?
WEHI ...NEWS OUT! Wednesday, June 04 2008 10:07 AM, EST The "WGL Million Dollar Shootout(R)" to Debut Today on the CSS Sports Network in 12 Southeasten States Market Wire "US Press Releases "
LAKE MARY, FL -- (MARKET WIRE) -- 06/04/08 -- WGL Entertainment Holdings, Inc. (PINKSHEETS: WEHI) announced today that its "WGL Million Dollar Shootout®" reality television series will debut this evening in Prime Time on the CSS sports network (www.csssports.com) at 10:00 PM EDT , reaching 5.8 million households in 12 states. The MDSO will be re-aired on June 5th at 12:30 PM EDT and will run in the same time slots for seven consecutive weeks.
"This is another step toward a National Prime Time airing and exposes the MDSO to the 2nd largest golf market in the country ( Florida ). At the conclusion of each episode, viewers will be directed to the WGL/Online Golf Challenge to have the opportunity to participate in the production of the MDSO II. We expect up to 100,000 players to register for the WGL/Online Golf Challenge through October 2008 ," said Mike Pagnano, CEO, WGL Entertainment Holdings, Inc.
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 2008 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.
For more information contact:
Michael Pagnano
WGL Entertainment Holdings, Inc.
Well John is this the launch you are talking about? Over 153 million shares with 1 1/2 hours left in trading. The ask hit .0003 once so far.
WEHI volume is over 150 million ask hit .0003.
WEHI News Out Today--Over 139 million shares has traded hands.
I agree. A PR about no more dilution and then BANG! Then a dump which is increasing the float by at least 10 to 15 percent.
No shorts here, just dilution by the company/financing companies. If you believe in the CEO and his News Letter to the shareholders, then it a good time to buy. If you don't, then stay away.
WEHI-Finally News Out! Retiring shares in a month! More Deals:
Post # of 2420
WEHI NEWS :
The WGL Million Dollar Shootout(R) to Air on Three National Cable Networks
Jun 3, 2008 9:27:00 AM
View Additional ProfilesLAKE MARY, FL -- (MARKET WIRE) -- 06/03/08 -- WGL Entertainment Holdings, Inc. (PINKSHEETS: WEHI) announced today that its WGL Million Dollar Shootout® reality television series will air on three national cable networks this summer using the time buy model. Under this model, WGL Entertainment purchases the time from the networks then owns 100% of the advertising inventory. There is 119 minutes of advertising inventory per each seven-hour series. The advertising time will be sold by a national advertising agency on behalf of WGL Entertainment. Details for each airing will be announced over the next several weeks.
"This is a very cost effective method to gain exposure for the MDSO on a national level and produce much needed revenue for WGL Entertainment Holdings, Inc. Each airing will produce approximately $250,000 in net revenue over a seven-week period. As previously stated, the revenue will be used to retire the convertible debentures the company has in place ($365,000) and to initiate the open market stock repurchase plan for $250,000," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc.
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 2008 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.
For more information contact:
Michael Pagnano
WGL Entertainment Holdings, Inc.
1-407-833-7931
You should have asked him why didn't the CEO loan the company the money, since he was the one who made a statement no more dilution.
It looks like the pumpers are all gone. Only 3 posts in 3 hours
I rather see .009 eps more current. However thier biggest screw-up,especially for a pinksheet stock, is to announce no more dilution then turn around and start unloading shares.
If you can't keep your promise don't PR it.
Yeah, too many press releases on a possible buy-out. Company probably needs cash and financing to make the deal. This could explain dilution. Maybe the CEO will step up and buy shares.
Looks like PINR is ready to rebound. Off it's 52 weeks lows.
Too bad the company didn't have insurance/warranty on the machine.
Yeah Right. Pinksheet stock can't afford making statements about no dilution then turn around just a quickly as they announced the news and start diluting. (No mater how unforeseen the issue was). Plus the CEO could have loan the company the money. Other CEOs, who believed their company will be successful, have made loans .
I agree with you. Too bad the CEO can't step up to the plate and give a loan the company. Since last month he announced no more dilution.
We may revisit the 52 week lows. BTW has the company updated their pink sheets status? They should be past the Yield Sign by now.
1.2 million shares went off at .0066. Hmmmm are theMMs trying to cover their illegal naked shorts. Or is the Company or some kind of financing insitutions (sp) dumping shares.
How many shares went off in AH?
How many shares went off in AH?
My hunch, is shares are being dumped after a major PR. How else are they going to purchase 100% of this New Company.
I don't know Angel. My gut tells me, we will probably test 52 weeks low.
The trouble was they diluted shares when they announced back in April that they weren't.
WEHI- over 1.2 billion shares since the announcement about buying back shares. Look for a steady climb,only 6 weeks until the buy back begins.
BDRR disappointment. When you're a pinkie, you can't miss deadlines or dilute shares,when making promise that you're not issuing more shares.
Let's see if they will uplist. I rather see them go to the OTC and skip the pinks.
Oops sorry I was on the wrong board. I meant BDRR.
Tony you can throw that out the door. They missed their deadline and they diluted shares.
WEHI CEO stated the following: "It is anticipated that WGL Entertainment Holdings, Inc. share value will rise to approximately 20 cents after the buyback is completed. With no convertible debt outstanding, stock dilution will stop completely and our shares can trade on pure market fundamentals," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc. Mr. Pagnano went on to say that equity financing is being arranged for the production of MDSO II in the amount of $1.7 Million and will not be tied to the company stock. The investor group will become a minority partner in the revenue stream of the Online Golf Challenge and MDSO II. "We have a very solid plan in place to stabilize our price per share and reward our loyal shareholders who have stayed the course over the past four years."
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 2008 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.
WEHI CEO claims the company to begin buyback starting July 7. In the future,Projected a possible 20 cents a share:
WGL Entertainment Holdings, Inc. to Initiate Stock Repurchase Plan
Thursday May 15, 11:30 am ET
LAKE MARY, FL--(MARKET WIRE)--May 15, 2008 -- WGL Entertainment Holdings, Inc. (Other OTC:WEHI.PK - News) announced today that it will start buying its shares back in the open market beginning July 7, 2008. Up to $250,000 worth of WEHI will be purchased over the course of two months, retiring approximately one billion shares. Revenues from the national and regional airings of the MDSO as well as the online golf challenge will be used to support the buyback. In addition, WGL Entertainment Holdings, Inc. will retire all convertible debentures outstanding by August 1, 2008 totaling approximately $300,000.
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"It is anticipated that WGL Entertainment Holdings, Inc. share value will rise to approximately 20 cents after the buyback is completed. With no convertible debt outstanding, stock dilution will stop completely and our shares can trade on pure market fundamentals," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc. Mr. Pagnano went on to say that equity financing is being arranged for the production of MDSO II in the amount of $1.7 Million and will not be tied to the company stock. The investor group will become a minority partner in the revenue stream of the Online Golf Challenge and MDSO II. "We have a very solid plan in place to stabilize our price per share and reward our loyal shareholders who have stayed the course over the past four years."
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 2008 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.
1-407-833-7931
WEHI After Major News, over 1,000,000,000 shares traded hands the past week. . More news yesterday.
WGL Million Dollar Shootout to Air in Several National Markets in 2008
11:56a ET May 22, 2008 (Market Wire)
WGL Entertainment Holding's, Inc. (PINKSHEETS: WEHI) announced today that its flagship brand and 2007 Accolade Award winner, the WGL Million Dollar Shootout(R) reality television show (MDSO), will be airing in several national markets this year. WGL Entertainment will be buying airtime on several cable networks including ESPN2 CNBC and USA Network. This is in addition to the national network buy. WGL Entertainment will own the entire advertising inventory, which will be sold by its agency partner.
"The buy time model makes perfect sense, since the MDSO can be aired multiple times on different platforms with different demographics. This appeals to the advertising sponsors and allows WGL Entertainment to maximize profits. Each seven-hour airing produces approximately 40% in profit relative to the cost of the time. $10,000,000 of airtime purchased produces $4,000,000 in direct profit for WGL entertainment. This model can be replicated many times over," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc.
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 2008 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.
Looks like they missed the deadline.
WEHI just released News looking good.
WGL Million Dollar Shootout to Air in Several National Markets in 2008
LAKE MARY, FL announced today that its flagship brand and 2007 Accolade Award winner, the WGL Million Dollar Shootout® reality television show (MDSO), will be airing in several national markets this year. WGL Entertainment will be buying airtime on several cable networks including ESPN2 CNBC and USA Network. This is in addition to the national network buy. WGL Entertainment will own the entire advertising inventory, which will be sold by its agency partner.
"The buy time model makes perfect sense, since the MDSO can be aired multiple times on different platforms with different demographics. This appeals to the advertising sponsors and allows WGL Entertainment to maximize profits. Each seven-hour airing produces approximately 40% in profit relative to the cost of the time. $10,000,000 of airtime purchased produces $4,000,000 in direct profit for WGL entertainment. This model can be replicated many times over," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc.
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 2008 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.
For more information contact:
Michael Pagnano
WGL Entertainment Holdings, Inc.
1-407-833-7931
Here's an idea. Maybe the CEO should dig deep in his own pocket and buy 10 million shares. This will show the investment community that the man is backing up his word with his own money!
WEHI showing signs of upward pressure
WEHI- Charts is looking good.
No good business, If he's leaking bad news and increasing shares at the same time.
Hey if they are going to late then make a press release. Why not update Earnings for the past 5 months?
To show support for the stock, maybe the CEO should dig deep in his pocket and buy shares at retail prices. I would love to see him buy 20 million shares.