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Ummm, that doesn't look too good to me......makes the crappy omhe look good in comparison.......
Where and how will they get cash to buy back shares? Folks around here don't seem to have any understanding of the elements of a financial statement.
PNTV and conv. notes. Why7
FREE MONEY!
Nearly every penny stock start-up uses toxic funders and various loan arrangement instruments, including the most common, convertible notes, to drive revenue into their coffers.
Consider the option: Company takes out a loan and pays a percentage interest until the term on the loan, plus the original amount of money borrowed. Most common loan arrangement in the US.
PNTV type companies use their capital stock instead of borrowing the money in the traditional manner. A loan is arranged with the funder with terms to pay back the loan. However, if the company doesn't pay back the loan within the terms, the funder can take the payback in the form of PNTV stock with a discount to current valuations. That stock is then sold into the market for cash. Circle complete. The funder works his timing to maximize profit with his discounted shares and PNTV's debt has now been satisfied. Dilution of the company stock. Some use of this tactic is reasonable, but constant usage is a killer of the pps and the current stockholders. PNTV has been doing this sweet revenue generation machine for 20 years. That is why the O/S is @ 600, 000,000 and growing. When the O/S reaches the A/S max., they a fresh supply of shares to sell.
Most folks know this, but some newbies may not, so the reason for the post. glta
It takes time to wind thru the process. Don't worry, they will start showing up...
Yesterday.
Here you go GMason:
What is an SEC "notice of effectiveness"?
The notice of effectiveness is a public declaration by the Securities and Exchange Commission that a public company's registration statement has been accepted.
For shares in a public company to trade on the open market they must be registered by the company. These registration statements are reviewed by the Commission for a period of time before approval is given, and this notice marks the successful completion of this review process.
Effectiveness Notices (5/22/06)
Notifications of effectiveness for Securities Act registration statements and post-effective amendments (other than those that become effective automatically by law) are now posted to the EDGAR system the morning after a filing is determined to be effective. The new EDGAR form type for these notices is EFFECT. For the most recent notices, see the Notice of Effectiveness daily display.
See also SEC to Replace Many Paper Effectiveness Orders With Electronic Notifications of Effectiveness (Press Release 2006-61, April 25, 2006) for more information.
http://www.sec.gov/edgar/searchedgar/edgarsearchupdates.htm
It also says the 2 parties may agree to change that amount.
Closings from time to time under the Purchase Agreement will only occur if the lowest daily volume weighted average price of the Company’s common stock during the applicable valuation period is greater than or equal to $0.14 per share, unless otherwise agreed to by us and Kodiak.
PNTV 'ain't gittin' no love', yesterday or today. Looks like Kodiak Capital is continuing to sell and make bank.
Oh, okay. Longs should be happy.
It was interesting to see another room in that building. So used to seeing that large, open bay, not this smaller, lower ceiling room with very different lighting. Wonder if it is a new room in the big bay or in another part of that big building?
So, they have tents for cloning and small plant growth, but seems to me not enough tent space to grow the veg. stage in any big amount. Meanwhile, the large, perhaps 7k ft. has the flower stage. This makes no sense to me. doesn't seem like enough space for veg. stage growth.
Must the flower stage have different light days than vegetation stage? I think someone said there is. If so, they have a serious space issue with the available 7,000 ft. of open area, it seems.
How many harvests' per year are they planning to accomplish?
Looking for any assistance available. Re: PNTV 8-K of Jan. 24, 2014.
On Jan. 2, 2014, PNTV (CEO Mark Bradley) placed a complaint with Comcast Corp. in the 8th Judicial District Court in Clark Co., NV (case# A13-693908-B) for $150 million dollars settlement.
CEO claims they received a handsome settlement, but it did not show up as and 8-K or in their 10K. Is there, or will there be, a court document that a settlement was agreed to by the 2 parties. Many PNTV watchers don't believe CEO told the truth on this important event. tia
Insider trading? CFO dumps shares ahead of known terrible 10K. SEC may want to talk to him on this?
Mark, the CEO, has an alter-ego on the social media scene.
I find Mark just too funny. He always appears to be wearing the same clothes that are 2 days worn.
PNTV has a paid IR staff working the social media sites. They are extremely active lately and that staff seems threatened somehow.
Could you point to us where in the 10K filing you have found that info? tia
So true...how can I make money off this. That IS the OTC market, where trading, even at fairly quick 10% profit is the way of road. No question about it. Looks like you have been realizing this. gltu
Since 2014, they have received million of dollars of revenue via conv. notes issuance and dogging the development of the grow op and media biz has allowed for this multi-million dollar windfall. It's been a very good 4 years for Mark and the boys imo...
Add all the yearly losses for a very good idea of the amount of money involved. Better than having to grow and sell product, which would never have produced those kinds of income for pntv.
Revenue for the entire year wasn't $100,000. Better question Geoff on that one!
Agree, but never thought of the payback taking over a great deal of time. Seems like a lot of risk for the funder. hmmm.
Certainly 2 things cannot be denied:
1. Well over $30 million dollars worth of shares have be used to cover the losses of the company since it's birth.
2. Yearly losses...this year an incredible $5 million dollar loss has/had to be paid.
Fuuny how everyone was on their seat edges for the 10k, then the most dismal report that could be presented came to pass, it is touted as a nothing burger. rotflmao ... yet sad as well.
So...are the books cooked here? Looks like it to me. PNTV had $5 million dollars loss, but lacked the cash to pay it and when you look at the level of dilution reveal so far, the quantity of share payment required to cover it is FAR from the number of shares it has reported. This crap doesn't add up.
Uh..........Officer salaries were $650,000 and general and adminstration was a whopping $3.9 million dollars.
Any renumeration to the company MUST be accounted for on the financial statement. Failure to do so is tax fraud. glta
Yup, and any bartered arrangement, like Comcast assistance or media time with them, would have been monetized on the statement as "other income" or some other notation. Nothing there that I could see.
LOL, looks like a photo-shopped pic to me.
ROTFLMAO! Now that is FUNNY!
Brett, Mark's understudy, gets own free-money machine. Yee-Haaw!!!
Ya gotta love stock sales disguised as "loans". Corp. gets free money....rarely pays any interest and never pays back the principal amount of the deal. Mother's milk of the biz around these parts.
Through 3 quarters of this fiscal year PNTV lost $5.5 million dollars. How did they pay these bills?
GMason, they don't use cash to "buy" other PS penny stocks. They use their corp. stock, which at some point is converted into cash via market sale of the stock and cash IS produced for insiders.
PNTV, like all the other penny stock selling schemes, doesn't use cash for anything unless they have too. Conv. notes and other various instruments are used for the bulk of their income and they have $5Million in expenses which will, like for the last 20 years will be paid with corp. stock. It is spelled out clearly in the filings...
Apparently mcig isn't going to use any of that major money credit for media work and exposure with pntv from guiding the "build" of the glf grow building.
10k is due 90 days after end of year, but may receive a 15 day extension. PNTV takes the extensions on the 10k, so expect it by April 15. gltu
I expect denial on the fact that it is a pretty common tactic in pennyland for the company (PNTV in this case) uses a shareholder report from the T/A to have an IR company phone very large holders to keep them "warm and fuzzy." This class of holder is very important to holding the pps stable.
glta
PNTV needs to show pics of the phase 2, 8,000 sq. ft. grow area to give investors solid confidence in the growth of the company.
Snoop Dog is in drag? my, my, my.
Not his opinion, but it would be welcome on the board as well. Mgt. of pntv made the statements and the events they spoke of did not happen at all OR within the timeframe they promised.
PNTV does not have a Price/earnings (PE) as a positive number. Why? No earnings to-date. Speculating there could be going forward would be very toxic info to potential and current stock holders.