Players Network Inc. (fka PNTV)

[Alan Brochstein]

This company is owned by its debt holders, and the guy running it has been running it into the ground for years. The only people who have ever made money on this stock prior to this run were the toxic lenders, of which there are still many.

I think management here has misled its shareholders, talking about all the inventory they bought up. It's not that much - 260K on the books at 6/30, the last day to buy as medical and convert. All this talk about 35K a day of product being made - b.s.

In the video yesterday, they talked about minimal sales to date and MAYBE up to 200K by within 60 days. Guess what: PNTV sales for Q3 will be tiny again. Another big cash burn - they are paying a lot more people now than earlier this year.

So, you take a company that uses about $500K per quarter and sells very little, and you get another big loss. But, there is no cash. So, they either sell more stock, like they have been doing (see all those sales at the end of June???), take on more toxic debt or count on warrant exercises. All three mean lower prices ahead for PNTV...

Common Stock Sales

On June 29, 2017, the Company sold 500,000 units at $0.10 per unit, consisting of 500,000 shares of common stock and 500,000 warrants exercisable at $0.15 per share over the following 3 years, to an individual investor for proceeds of $50,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

On June 23, 2017, a warrant holder exercised warrants to purchase 2,500,000 shares of common stock at $0.04 per share for proceeds of $100,000.

On June 21, 2017, the Company sold 1,000,000 units at $0.10 per unit, consisting of 1,000,000 shares of common stock and 1,000,000 warrants exercisable at $0.15 per share over the following 3 years, to an individual investor for proceeds of $100,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

On June 13, 2017, the Company sold 1,000,000 units at $0.05 per unit, consisting of 1,000,000 shares of common stock and 1,000,000 warrants exercisable at $0.15 per share over the following 3 years, along with another 1,000,000 warrants exercisable at $0.20 per share over the following 3 years, to an individual investor for proceeds of $50,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

On June 13, 2017, the Company sold 1,000,000 units at $0.075 per unit, consisting of 1,000,000 shares of common stock and 1,000,000 warrants exercisable at $0.15 per share over the following 3 years, along with another 1,000,000 warrants exercisable at $0.20 per share over the following 3 years, to another individual investor for proceeds of $75,000. The proceeds received were allocated between the common stock and warrants on a relative fair value basis.

These clowns are desperate - that's why they go on MoneyTV all the time and why they post these videos. They need the uninformed to buy their hype. Otherwise, it all comes crashing down. Does this look like the balance sheet of a company that can afford to burn $400K this quarter???



I called for .06-.07 in late June, and it got real close, but the next time I think it will go into the .05s.