The holder of the $2,200,000.00 interest note, has apparently converted it all into BKMP shares. Does anyone think this was a smart move on his part and does anyone believe he listens to maninfla?
I believe this CD holder realizes that BKMP OWNS minimum of 20% of TFN. Why did I say own? Because if Blackout Communications sells any or all portions of TFN....BKMP reaps minimum 20% & maximum 47.6%. He will not listen to maninfla when he says BKMP does not own TFN....maninfla enjoys inverting metaphors and playing sophistry.
Why did Sandy PR a buyback? Do you think the $2.2 Miliion dollar CD holder believes maninfla when he says, "so Sandy can dilute the O/S for revenue"? Hardly, this CD holder must SIT on his restricted shares until Fall 2007. Does anyone think that the CD holder would convert knowing this? We for the most part since the middle of February, knew there was going to be a long stretch of silence. If someone wanted to dilute for revenue they could have done it then....but Sandy knew what was going to take place. 1) CD conversion & 2) Buy Back in part or toto. Silence brought about a nice low pps for conversion and taking advantage of this setting was and IS the buy back.
Sandy Pr'd the buy back for investor confidence during these times.
Credibility?-> Just look to Canada and see what has taken place with carriers programming (already scheduled thru July)...OEB....Trajectory....PPVs.
Many pieces to this puzzle 'fit' and yes there are some pieces waiting to fit....but so far..it all looks normal!
Remember, Sandy is one of a very small group of CEOs that report revenues to the SEC, in pinks. If your nervous nellies...do what you must...but at least stay focused on real facts.
