Par value has essentially no mean for stocks. Par value of AMZN and many other stocks is $.01 or less. Does that make them worthless junk, too?

Par value has no meaning here, it's liquidation preference that matters. You can review the Fannie Mae Preferred prospectus for each outstanding issuance here:

https://www.fanniemae.com/about-us/investor-relations/stock-information

Per the Series F prospectus (ticker symbol FNMAP) the relevant excerpts are as follows:

Securities Offered: 12,000,000 shares (assuming the Underwriters do not exercise their overallotment option) of Variable Rate Non-Cumulative Preferred Stock, Series F, no par value, with a stated value and liquidation preference of $50 per share.

Preferences: The Preferred Stock will be entitled to a preference, both as to dividends and upon liquidation, over the common stock (and any other junior stock) of Fannie Mae. The Preferred Stock will rank equally, both as to dividends and upon liquidation, with all other currently outstanding series of Fannie Mae preferred stock.

Optional Redemption: On March 31, 2002 and on March 31 every two years thereafter, Fannie Mae will have the option to redeem the Preferred Stock, in whole or in part, at the redemption price of $50 per share plus the amount that would otherwise be payable as the dividend for the quarterly dividend period ending on the redemption date.

Liquidation Rights: In the event of any dissolution or liquidation of Fannie Mae, holders of the Preferred Stock will be entitled to receive, out of any assets available for distribution to stockholders, $50 per share plus the dividend for the then-current quarterly dividend period accrued through the liquidation payment date.

The contract pretty much lays it out in black and white. Preferred has to be paid before common receives anything and Fannie Mae can't redeem for under liquidation preference.

I've been reading the merger agreement. It is light on certain details.

Condition (e) states: the POW! Entertainment Group shall have received
a general release from Silver Creek Pictures, Inc.
related to the overhead/“housekeeping”/funding
agreements between POW! Entertainment and
Silver Creek Pictures, Inc.;

I take that to mean Pow won't be paying any of those liabilities and will likely give up any interest in those projects. The Zodiac Legacy being the only one we know of that got off of the ground.

Also in condition (h) with regard to the option of Stan Lee and Gill Champion to buy 7.5% each of the new company. It doesn't specifically say if this is some form of payment in satisfaction of their deferred compensation in the amount of $1,077,917.

Also, the $600,000 loan will have to be paid from the proceeds.

It would seem that the likely result of this buyout would be shareholders getting $.07 to $.09 cents cash per share.

Digital Domain closed an issuance of USD $12 million in new stock last week. The money is "intended to be applied towards media entertainment segment and as general working capital purposes of the Group" Hopefully this money will be used to push one of our projects forward.

I don't know if anyone has taken a look lately, but I posted a couple months ago how Digital Domain stock had moved up to HK $.30 per share. It is now around HK $2.00, moving it's market cap up from US $400 million to around US $2.5 billion. I feel this is very positive for us as it increases the odds that some of our projects will be released through this partnership.

Saturday, April 4 12 noon - 12:30

Chakra 2 preview, followed by Stan Lee's storytelling secrets video.

https://www.facebook.com/graphicindia/photos/a.246893355374871.60909.167358239995050/880983411965859/?type=1&theater

They finally got around to posting the announcement of the joint venture between POW! Entertainment and Digital Domain on TheRealStanLee website yesterday (just 2 months after the fact). Digital Domain stock has been on a tear lately, the market value is currently around US $350 million. Hopefully this will benefit us as they get more financial flexibility. Looking through the details of the transaction, I feel that Digital Domain took over for Magic Storm Entertainment. Magic Storm was supposed to pay Pow Entertainment $300,000 upon filming of The Annihilator and Digital Domain said the are going to fund at least one project of $300,000 in the first year. Ricco partners (probably 50% owner of Magic Storm) and Digital Domain are both based in Hong Kong.

http://therealstanlee.com/#digital-domain-pow

The project that Katee Sackhoff was working on awhile back came out a couple weeks ago. It was a Power Rangers short film. I'm not sure how Stan was involved in it.

Nobody knows anything. My wife was just buying some more shares. 500k on Thursday, 722k on Friday. Been saying I wouldn't buy anymore since I had 800k, have 5.25 million shares now.

I just got done reading the book. I thought that it was much better than the other garbage projects they've been churning out. I thought that the concept was exciting and the upcoming books will be better now that they got a lot of the boring origin stuff out of the way. I'm pretty optimistic about where this one is going. Plus, since Disney is involved we can expect that books 2 and 3 will actually come out and they will come when they say they will, not perpetually in a year or two.

The hacked Sony e-mail talking about Stan Lee (I had to translate from portuguese because I found on a portuguese site) :

"You have to think what to do with Spiderman, can not return to Marvel - Jeff Robinov

I know you're right, but I'm worried that Sinister Six may not be the right output. - Amy Pascal

You can not go back to the tone of the first film ... - Jeff Robinov

A villain, scary and not CG, less costume, less CG, less exaggeration, without love story without Aunt May, very simple, lots of action, funniest Peter and bringing back JJ Jamison. - Amy Pascal

It seems difficult, thanks to all that Marvel is doing, the first two Spider Man were the example. - Jeff Robinov

I only have the universe spider, not the Marvel Universe. And in them are only its villains, relatives and girlfriends. You can not make a union of heroes, unless it includes the Venom or make a union of villains. Marvel wants to put him in Captain America 3 and become producers. - Amy Pascal

Stan Lee remains consistent? He can not put another character in the world of Spiderman? That would give you more options? - Jeff Robinov

Not at all coherent. - Amy Pascal

Who in the world of comics have credibility? Who could make an online story? - Jeff Robinov

Can you help me to think about it tomorrow? The Less I make the partnership with Marvel and let Spider-Man join the world of them I'm running out of options. - Amy Pascal.

Some info from the Sony E-mail hacks that we may find very interesting:

http://www.comicbookresources.com/?page=article&id=57761

Towards the bottom of the article:

"A conversation (published on the site translated from English to Portugese) between Jeff Robinov and Amy Pascal discusses possibly bringing on Stan Lee to invent a new character for Sony to exploit."

So a new first look deal with Sony seems quite possible. I've been thinking for a while they would be the most likely candidate because Sony is working on Apollo Rising and the untitled film (which from what I've been able to learn appear to be 2 separate films). Sony doesn't have much in the works as far as superhero films go (other than Spiderman), so they are probably eager to get a bigger position in the market. Disney has their hands full with the Marvel Universe, so they have lost interest in new characters. Why mess with success?

Looks like selling in the past month has dried up. I don't see many shares at all offered on the ask side currently. Someone had an bid for 300,000 shares at .015 Friday. While that's only $4,500 worth, if the bids like that keep coming in with the thin asks we could hopefully see a parabolic move up. Maybe Stan Lee is using the proceeds from the sale of his second home to buy a bigger stake in his company?

Looks like the property Stan Lee had for sale sold on Friday for $2.8 million. One would hope he would use some of that cash to buy some Pow! stock and support the price.

https://www.redfin.com/CA/Los-Angeles/9155-Warbler-Pl-90069/home/7122129/claw-14-803719

10-Q out. Net income $46,702.

Another video that better shows gameplay in Hero Command. Looks to be a better game than Verticus, though that is somewhat of a low bar to measure against.

Stan Lee's Hero Command Facebook page:

https://www.facebook.com/StanLeeHeroCommand

Official release December 17

http://www.f84games.com/work/stanlee/

New York Comic Con: Day 3 Live Blog

http://laughingplace.com/w/articles/2014/10/11/new-york-comic-con-day-3-live-blog/

"1214 ET: There is a panel going on about the illustrated book Zodiac which Disney is doing with Stan Lee. The first book is out in January with the 2nd being released in October 2015 and the third in June 2016"

New York Comic Con 2014 Yoshiki, X Japan Panel (1 of 2)

STAN LEE'S "CHAKRA THE INVINCIBLE" ANIMATED SERIES TEASER

http://vimeo.com/103005470

annihilatormovie.com also redirects to the Magic Storm website. I think this was recently added.

Stan Lee's Annihilator status on IMDB changed from script to announced today. Comments are "interviewing directors".

Leehom Wang doing some work in front of a green screen:

https://www.facebook.com/leehom/photos/pcb.10152426003692054/10152426003327054/?type=1&theater

Wonder what that is for? Could it be?

Interestingly IMDb has 2 movies set for 2015 release starring Leehom Wang, Blackhat and Annihilator. Blackhat is listed as completed.

I signed for the trial a few months back and checked it out. I do remember that Legion of 5 had Lee Baker attached to it as well as Sandman Studios and Paralight films. If I recall correctly it had a release date of sometime in August 2015 and a budget of $70MM. I don't know how accurate that info is though. I looked back and originally it was Rainmaker Entertainment that was doing the CGI work, so that must have changed hands. If you go to Legionof5.com and click on the characters you will see they were updated by Lee Baker May 22, 2013. Foreverman hadn't been updated in a long time so that may not be active. Tigress had Zoe Green like the original press release stated, I can't remember what production company. It had a release date of 2015 and it looked like that one was probably still a go. Apollo Rising had Gary Golman listed, just like the original press release for Blaze. That one may not have been updated for a while, so it may be the same as Untitled.

The 5 in-development titles listed on IMDb are:

Tigress
Apollo Rising
Untitled Project
Legion of 5
Foreverman

Romeo and Juliet: The War (2017). According to IMDB there is a project called Romeo and Juliet the War scheduled for release in 2017. Don't know how new this info is, but it's new to me.

http://www.imdb.com/title/tt3894536/?ref_=tt_rec_tt

The video is up on disneyzodiac.com The website has been updated as well.

It didn't take long for an autographed Zodiac poster to get on Ebay.

http://www.ebay.com/itm/SDCC-Comic-Con-2014-Disney-Zodiac-Stan-Lee-SIGNED-Poster-/301255783504?pt=LH_DefaultDomain_0&hash=item46243e7450

Also, I noticed that the title of the first Zodiac book is now The Zodiac Legacy: Convergence. The cover design has been slightly changed as well.

The Zodiac Archives: Part I

http://books.disney.com/book/the-zodiac-archives-part-1/

I don't know if anyone posted this yet. Says release date 7/15/14.

I noticed that the announced first print was increased from 100k to 150k.

http://edelweiss.abovethetreeline.com/ProductDetailPage.aspx?sequence=1&group=search&keywords=Zodiac+Stan+Lee&searchContext=&searchOrgID=&searchCatalogID=&searchMailingID=&sku=1423180852#pd-general-marketing

Does anyone have any more info concerning Magic Storm Entertainment?
http://www.magicstorm.co/
The filings state that it is a partnership between Fidelis and Pow! Entertainment. I assume that Pow! has an equity stake in it and any revenues would go to Magic Storm rather than Pow! Filings and new releases don't say very much. Seems interesting, but curious why the stock doesn't move at all. Is it due to the selling of Arthur Lieberman's shares (I think he had 18M)?

That should be a sticky post. It pretty much says it all.

Combine this with his nephew, a full time real estate broker, and a man who is a convertible debenture expert all being the "executives" of the company and it is no wonder that all they have done to fund operations for the past decade is issue shares at the shareholder's expense. The good thing is that certain brokers are becoming more proactive with these scam companies and are not allowing people to buy the shares online. This throws quite a speed bump in the company's ability to keep issuing shares. This may happen here pretty soon.

I guess what SBB says is meaningless because he says "may occur" while you say "will occur", huh? Well, I agree 100% with what he says and any reasonable individual would too after so many years of listening to the CEO's lies. He has been correct in most all of his predictions and you have been wrong on virtually all of yours. I'll make a prediction of my own here and that is that the company WILL issue over 3 billion shares at a price of $.001. Why do I think that? Just read the filings, it is all there. As much as you would like to cover up that truth, you can't.

Dennis Alter owns 2.8 million shares of the B shares. Number of shares own by insiders can be found if you search through the SEC filings.

Yesterday, Advanta filed their MOR with the court. In it there is a 13 week projected cash flow forecast. For the 13 weeks the operating cash flow is $3.845 Million and restructuring charges are $2.218 Million for an overall cash flow of $1.627 Million. I find it encouraging that they are projecting to produce positive cash flow while in bankruptcy. They also announced last week that they are hiring Alvarez & Marsal as their financial advisor. A&M has a history of successfully restructuring companies that are in severe financial distress. My guess is that they will line up DIP financing and attempt to buy back the notes in the Advanta Business Card Master Trust at a significant discount and then be entitled to the cash flows from the underlying receivables in the trust. They may also set up another trust and issue credit cards again, albeit under a new name, as I believe the Advanta name is more of a liability now.

Yesterday, Advanta filed their MOR with the court. In it there is a 13 week projected cash flow forecast. For the 13 weeks the operating cash flow is $3.845 Million and restructuring charges are $2.218 Million for an overall cash flow of $1.627 Million. I find it encouraging that they are projecting to produce positive cash flow while in bankruptcy. They also announced last week that they are hiring Alvarez & Marsal as their financial advisor. A&M has a history of successfully restructuring companies that are in severe financial distress. My guess is that they will line up DIP financing and attempt to buy back the notes in the Advanta Business Card Master Trust at a significant discount and then be entitled to the cash flows from the underlying receivables in the trust. They may also set up another trust and issue credit cards again, albeit under a new name, as I believe the Advanta name is more of a liability now.

I have been looking at Advanta this week. My take is that any value that may be here is not in the bank. The bank is undercapitalized and not in compliance with the FDIC cease and desist order, so it is likely to be seized at any time. It would seem that there may be some value down the line in the Advanta Business Card Master Trust. This fund is part of Advanta Business Receivables Corp. which is wholly owned by Advanta. Currently there are 2,806,820,787.77 in receivables in the trust supporting 2,094,148,208.25 in notes, for a total transferor interest of 712,672,579.52. There were $3.78 billion in notes as of May of this year, so the trust is winding down rapidly. It is a given that default rates on the credit cards supporting this trust will be high, but also the interest rates that the customers are currently being charged are outrageous, so that number is likely to remain stable or even move higher. The extremely high rates will also encourage the small business owners to pay off the balances as soon as possible. The internet is full of small business owners who are complaining that Advanta raised their interest rates to nearly 40%. The company knew that they could do this because they don't care about their reputation anymore, as they aren't in the business of issuing credit cards anymore. Also, most small business owners are forced to pay this amount because their credit rating is so vitally important to them that they can't just stop paying. So, it would seem that this trust could provide some good money to Advanta, once it is wound down. I'm thinking that is their plan. Info on this trust can be found here:

https://www.advanta.com/assets/pdf/AdvSeries-09_09.pdf

I have been watching this company for 6 years now. They have constantly touted during that time that the next big deal was just months away. I have to disagree that any bad news that may be out there does not matter. Read this filing from the most recent 10-Q, it is absolute fact, not speculation:

"On June 21, 2009, the Company entered into the Third Modification Agreement to increase the maximum borrowing by the Company to an amount of $3,249,000 and to modify the conversion price contained in the Second Amendment noted above. In addition, the terms were extended to June 21, 2011. The Scond Amendment was modified as follows:
“The foregoing notwithstanding, Interest and principal shall be payable in restricted shares of Debtor’s Common Stock valued at $0.001.”

This means that they will issue 3.249 Billion new post-reverse split shares at .001 each to satisfy the current debt outstanding. Since they are still losing money, expect this amount to continue to increase. If you do not believe me, then talk to a financial advisor and he/she will tell you the same thing. This is straight from the 10-Q so to argue this point would be pretty silly.

The big hole in your theory is that it doesn't matter if the financiers are getting rich at shareholders expense or if they are bagholders. The point is moot, either way, shareholders lose.