Mr. Bradley forgot to include key agreement that is listed in the 8K. Read the below statement from the 8K, PNTV shareholders can only receive a max of 20% of the shares issued. So not only is PNTV losing half of all profit (if any were to come) they are only getting 20% so really PNTV shareholders get 10%. How arrogant Mark is to say “once PNTV shareholders realize the value” that basically is saying we’re to stupid to understand his plan? We’re not too stupid we’re actually too smart to believe his BS which is why the pps has tanked and he is abandoning PNTV to try to do the same with GLFI. And I would say 1,000% GLFI was Brett’s shell company MJVP.
“This cash distribution will be in the form of a redemption of newly issued GLFI preferred shares. The Management Agreement and the terms of that preferred stock will require that proceeds derived from the Project will be used in an 80/20 split in favor of GLFI preferred shareholders to redeem their shares. Once all shares have been redeemed, both companies will split the profits 50/50.”
Below is more to irk shareholders says that Mark and Brett gave themselves free shares, ironically doesn’t list how many because it’s probably more than all PNTV shareholders combined have the opportunity to receive.
“The officers and directors of the Company have been appointed as the officers and directors of GLFI and these persons have also received shares in GLFI.”
Oh man this is so bad!
AI
