Blackout Media Corp (BKMP)

[maninfla]

did someone say buyback?...

would SHs here be willing to go for a similar deal since there is such a "guarantee" for longer term value with TFN, err, BKMP?

this is an ON topic post since a buyback is in progress with BKMP, and because of winicks "relationship" with this other "gem":

May 04, 2006 02:29 PM US Central Timezone
Pearl Asian Mining Industries Will Buy Back 90% of its Issued and Outstanding Common Shares
MANILA, Philippines--(BUSINESS WIRE)--May 4, 2006--Pearl Asian Mining Industries, Inc. (OTC: PAIM) will buy back approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture.


PAIM will pay par value of $0.001 per share when issuing its convertible debentures. The debentures will be payable without interest in 5 years and be convertible back to common at the rate of $0.01 per share at any time before maturity.

As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900 due and payable in 5 years without interest. Any time during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares.

Only shareholders of record on June 1st will be entitled to convert 9 out of every 10 common shares on the exchange date of the 15th of June, 2006 for a debenture.

The Company's Chairman of the Board, E. Pearl Asian commented, "We are so optimistic about the future of Pearl Asian Mining that we are taking this calculated risk, going into long-term debt, certain that when the debentures become payable, our earnings will far exceed the face value of this debt."
http://biz.yahoo.com/bw/060504/20060504006071.html?.v=1

really?

weeeeeeeeeeeeeeeeeeeeeeee

GOOOOOOOOOOOOOOOOOOO BKMP! ;)