Blackout Media Corp (BKMP)

[McDee]

Photog......I don't think you sound

Pollyanna-ish, you just sound calm and reasonable. However, the complainers appear to feel that any hope or enthusiasm is illogical.

The preferred shares debacle is a case in point (I call it a debacle only because not everything turned out as Sandy may have expected - imho). Anyway, the complainers say that Sandy used this as a scam to get more money out of the investor's pocket and to ruin the momentum of the stock.

However, if you look at the PR's Sandy put out prior to the conversion date, it appears as though the price of BKMP should have popped and remained higher than it is due to buybacks and the buyout news (30 PR's in 3 months up to conversion). There is no way Sandy could have known that the price would have continued to drop with such positive developments. If the price on BKMP were significantly higher today, he would have looked like a hero to those that converted. In addition, the crowd would have thought him a genius for thwarting any hostile takeover through the preferred shares dividends while he and Garrow were getting BCO ready for the current "white knight" buyout.