Blackout Media Corp (BKMP)

[big_money_outsiders]

Again you make some great points with your last post about the carriers . I always enjoy great discussion both pro and con :)

but again Mr winick has not had a proven track record of running a company with huge profits. His resume is loaded with companies that he's had his hands in that have very little or negative revenues hence the NOL $22 million how long does one give this guy to prove he can make money? what makes you think a leopard can change its spots?

as far as your answer....

"Remember the common share holders have voting right, whereas preferred shareholders do NOT."

thats a true statement however, BKMP is on the pinksheets not required to have shareholders meetings, and with 13.4 billion outstanding who cares about voting rights.

Preferred shares- A class of ownership in a corporation that has a higher claim on the assets and earnings than common stock. Preferred stock generally has a dividend that must be paid out before dividends Preferred shareholders have priority over common stockholders on earnings and assets in the event of liquidation and they have a fixed dividend (paid before common stockholders).

With that said. I try to think objectively in the case that BKMP goes under, then preferred holders get first shot at the assets. Commons shares get par value and I dont even know if BKMP common shares even has a par value. Being that these preferred shares were free and the company goes under heck we get free money or better yet we get to take Mr. Winicks 16,900 office equipment, I could always use a new Apple computer :)