Blackout Media Corp (BKMP)

[cowboycadillac]

CHRT, someone financed the company last year to the tune of $2.2 million. It is on the last filing, a 15-C I think! Now that allows the CD holder to convert enough shares to cover his $2.2 million plus a 20% profit. Now how he gets the conversion price for the shares is to short the stock into any buying pressure to keep the price down. He then gets a share price of 80% of the lowest share price traded for the 3 days immediately preceeding his conversion request. Right now that is .0003 X 80%. Now he gets those shares to the tune of 9.1 billion. Now if there is no restriction on when he can sell them, he sells them immediately for a 20% profit. They do not hold them because with these types of companies they could go bankrupt, out of business etc overnite and the CD holder gets nothing for his funding. Now if he has a restriction then he will hold 9.1 billion shares until the restriction is lifted, hoping that the price of the stock will be much, much higher which makes his intial investment of $2.2 million worth several millions in profits! The only winner here is the CD holder while we wait for them to get done converting! Then the CD holder becomes a long term shareholder just like the rest of us!!