This is a classic example where forward-looking statements burn stockholders:
Press Release Source: GameZnFlix, Inc.
GameZnFlix, Inc. Announces Investment in London International Television Ltd to Create "The Business Channel"
Tuesday July 25, 2006 7:30 am ET
LONDON--(MARKET WIRE)--Jul 25, 2006 -- GameZnFlix (OTC BB:GZFX.OB - News) and London International Television Ltd today announced an investment by GameZnFlix in LITV for the purpose of creating the "The Business Channel" to be broadcast on digital satellite later in 2006.
By that statement, an investment had been made.
GameZnFlix intends to purchase a 25% interest in LITV with the payment of $2,000,000 over the next year. In addition, GameZnFlix may invest up to an additional $10,000,000 to $25,000,000 within 12 months
By this statement (same paragraph), no investment had been made yet, but it was intended at the time.
Assuming that this was followed to the letter of the law the purchase of the 25% is still an "intention" but there has been an investment made. How much? Apparently enough to air the webcast @ 1 million $ as shown on Stockinfosystems
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