Opeth, without an 8K...
and based on the companys own PR, i dont see how anyone can confirm ANY ownership
...much less "only 20%"
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PR of jan 17:
"Blackout Media Clarification of Ownership"
if this PR was meant to "clarify ownership", its dificult to see how, given their explanation:
"...Blackout Media owns 20% of Blackout Communications, a private Canadian company who in turn owns The Fight Network, also a private Canadian company..."
assuming anything other/more than the highlighted area above is just that...an assumption
several times in recent months a link to a site discussing multi-layered corps [such as here] was posted, confirming [by citing examples] the "confusion" those arrangements can create
while the PR indicated a connection between the 2 [BKMP and TFN], terms of that relationship [given BO comm in the middle] remain unclear
its understandable that many would want to assume/specOlate an equitable % ROI, but without details of the particulars/terms [via an 8K for example], it really may end up being nothing other than wishful/hopeful thinking
and the same is true of TWN, as per company PR:
"...completed its purchase of a 20% stake in another new specialty digital network called The Wagering Network - TWN, through Blackout Communications Inc. for an undisclosed amount of stock and cash..."
and since the "Two-Year Stock Buyback Plan" PR of 12/19/05 was just posted, thats also a good example of "the devil is in the details"
i dont think anyone would now claim/argue that considerable dilution [many B] hasnt taken place since that PR...or that many would have assumed [based on that PR] that shares would have been bought by the company...not sold
[of course their disclaimer within the same PR affords them tremendous latitude: "...the program may be suspended or discontinued at any time without prior notice..."]
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my own "clarification PR":
it is assumed by many/most that because i analyze any companies statements, or [God forbid!] ask individuals to post supporting documentation for their statements, that i must have some nefarious agenda...that couldnt be further from the truth
just because i dont utilize stock message boards as a chat room, or a place simply to parrot hear-say or company sponsored statements...but rather as a forum to share/discuss/debate due diligence...doesnt give me some "nefarious agenda"
perhaps much of the confusion from my posts is that many individuals define/view DD differently than myself or as investorwords.com:
due diligence
"The process of investigation, performed by investors, into the details of a potential investment, such as an examination of operations and management and the verification of material facts."
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let me give an easily understandable example:
company ABC announces its intent to merge/buy XYZ, pending a term of due diligence
but why would they need to perform independant DD [as defined above]?
...shouldnt they just believe what XYZ tells them?...i guess not
and how many times after proper due diligence do companys ABC announce termination of previously announced plans?
could it be there was a "misunderstanding" and/or that XYZ misrepresented themselves?
THAT is proper DD..."examination of operations and management and the verification of material facts"
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and the same applies on a personal level...so those posting libelous assertions accompanied by childish personal attacks, apparently do so because their erroneous style/level of due diligence [hear-say, etc] they apply with stocks is repeated on a personal level
...wrong on two points
GOOOOOOOOOOOOOOOOOO BKMP!;)
