Blackout Media Corp (BKMP)

[jester_1us]

A year and a half ago it was at 3B w/ an announced 2B buyback. People were screaming bloody murder when they found out it was at 13B, then it went to 17B. Now you're saying you'd be happy with 30B?

Let's do some math. . . 176,000B PFDs = 176,000M common
Conversion price = $150 per 1M common
$26,400,000 revenue from the total conversion of
PFDs to common

*PPS drops to .001 due to dillution. 1M common now = $100
Looks like a "get rich quick" scheme to me with the shareholders paying Winick $50 out of their pockets per 1M shares to erase these off your books.

Winick clearly lied about these shares being "free trading" in violation of Rule 175. Now he want's us to pay(litterally) for his mistake. I am writing a complaint to the SEC an urge the rest of you to do the same. It's time to get this scam artist and his creative accounting antics out of the American stock market. If that's how they do it in Canada, they can have him.