The Friendly Money Making Board

[lionsfan55]

Posted by: The Rainmaker Date: Friday, March 19, 2010 10:47:20 PM
In reply to: None Post # of 19690

WHY WE HAVE THE SMARTEST CEO ON EARTH.......FILING JUST HIT $$$$$$$$

Why we have the smartest CEO because not only did he just deliver monster news with this filing but he is also teaching every flipper why you don't sell and hope to get back in lower.....That ship just sailed imho.....For all of you that held like me congrats, Eric just delivered the goods again.

We have a piece of Secret of Kells
We have HappyThankYouMorePlease
Lowering the A/S from 10 billion to 700 million
lot more goodies in the filing

The release plans set forth by Parkinson for these titles indicated a collective gross revenue potential exceeding $25-million, approximately half of which was attributable alone to “HappyThankYouMorePlease,” a highly commercial “datefriendly” romantic comedy that has garnered enthusiastic reviews and significant revenue predictions from top film industry publications.

Eric, you rock!!!!!!!!!!

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=30013

ITEM I Report Covering Board Of Directors Meeting
A regularly scheduled meeting of the Target Development Group, Inc. Board of Directors
was held on March 5, 2010 at 5:00 pm CST at the company’s principal office, located in
Springdale, Arkansas, 72764. The following topics were discussed and actions taken as
indicated, and were each passed unanimously or by a majority vote of the attending members of
the Board of Directors.
BOARD AGENDA ITEM “A” – Approval of Off-Balance Sheet Financing Opportunities –
The Board reviewed the proposal set forth by C.E.O. Eric Parkinson regarding the financing for
the acquisition and release of major, theatrical-caliber titles, including director Joel
Schumacher’s drama, “TWELVE.” Under the Parkinson plan for “TWELVE”, the financing
required to pay for the film’s license fee advance (USD $1.75-mm) and for the film’s Prints &
Advertising / theatrical releasing costs (approximately USD $2-mm) would be funded through a
combination of private investor funds, supplier credit terms, pre-paid advertising and internal
corporate cash resources, and would not require an issuance of company stock or equity. The
private investor funding portion would be repaid with a priority recoupment position from
incoming revenues of “TWELVE” and an ongoing participation in the company’s applicable
distribution fees for that specific title, but that the venture would not be structured as a corporate
debt obligation. As such, the private funding venture for “TWELVE” would not hold recourse
against the company other than against the rights granted in and to that specific title. Additional
funding opportunities were discussed covering supplier credit proposals from three media
placement agencies and from two major film laboratories, which would be supplemented with
cash flow from the company’s operations to collectively fully fund theatrical releasing
expenditures. The Board voted to approve this plan for the financing of the acquisition and
release of “TWELVE” and to use this funding structure for the company’s pursuit of additional,
high-profile features.
BOARD AGENDA ITEM “B” – Amendment of Articles of Incorporation to Reduce
Authorized Shares – The Board unanimously approved a resolution to amend the Company’s
Articles of Incorporation on file with the Wyoming Secretary of State in order to reduce the total
authorized shares under the company’s corporate charter from the current listing of 10-billion
shares, to the more realistically applicable level of 700-million shares. The Board had previously
voted to reject any financing activities which would require an issuance of additional shares
beyond the 461-million (approximate) total shares now in issue (including restricted shares held
by company principals), and reaffirmed this position. The formal reduction in Authorized Shares
down to 700-million was agreed ad being a more accurate reflection of the Board’s intention to
not issue additional shares, while still preserving a significant quantity of unissued treasury stock.
Despite the Board’s unanimous resolution in this matter to reduce the Authorized Outstanding
Share count, corporate counsel suggested that any action to amend the company’s Articles of
Incorporation may require a general vote of the shareholders and that the Board of Directors may
not solely possess this authority. It was decided that the issue of authority in this matter would
be investigated, and that appropriate actions would be taken to ratify and record the Board’s
resolution, even if this required additional Shareholder approval.
BOARD AGENDA ITEM “C” – Discussion and Approval of Additional Film Acquisitions
– The Board unanimously approved plans set forth by Eric Parkinson covering the acquisition,
release and financing of additional major properties for the company, including theatrical-caliber
titles still being negotiated.
2
Subject to approval of third party licensors of the terms set forth to the Company’s Board of
Directors by Parkinson, the Board unanimously approved the deal terms set forth for the
acquisition of certain rights in and to the following properties: a). The 2010 Oscar-nominated
family film, “The Secret of Kells”; b). The 2010 Slamdance Film Festival Audience Award
winning action-adventure film, “The Wild Hunt”; c). The critically acclaimed, 2010 Sundance
Film Festival Dramatic / Audience Award Winning film “HappyThankYouMorePlease”; d).
The epic science-fiction animated adventure, “Thru The Moebius Strip”; e). The 2009 Tribeca
Film Festival Best Film (Documentary) winner, “Racing Dreams”; and f). The period piece,
dramatic-thriller, “The Countess.” The release plans set forth by Parkinson for these titles
indicated a collective gross revenue potential exceeding $25-million, approximately half of
which was attributable alone to “HappyThankYouMorePlease,” a highly commercial “datefriendly”
romantic comedy that has garnered enthusiastic reviews and significant revenue
predictions from top film industry publications.
There being no further business requiring action by the Company’s Board of Directors, the
meeting was adjourned at 5:55 pm CST.
SET FORTH THIS 19th DAY OF MARCH, 2010