POW! Entertainment Inc. (fka POWN)

[dognasuds]

POWN's new creation is

the construction of a Brigadier Halfway House for all shareholders who bought stock from April 15 through last Friday. Ouch.

The collapse from $.87 to $.30 may make POWN the biggest % loser of any stock on any U.S. exchange from Apr. 15-now which did not have a bankruptcy filing. How's that for cold water? Dont even try to spin reality. Our brokerage statements are indisputable. We cant even blame shorts for the pain because none exist.

As I posted-the shares were destined to reset to the stock offering level + a 10% (approx.) premium and then turn into sideways or dead money the entire time the offering was being prepared until it closed and is announced in a company PR Stan told us he would issue. This process usually takes months start to finish. And how is the tally? Well, the stock has lost nearly 2/3 of its value since Apr. 15 and then averaged $5,000 of stock traded each trading day for the last two weeks. Welcome to the "dead money" part of the cycle. I think its an absolute great time to acculmulate stock for the long haul-but dont pay much of a premium to the offering price-anticipated $.30 or $.35 cents. The stock could have months basing time more down here in the dead money zone if the offering is delayed further or (bite my tongue) is not well-received.

I am assuming the offering will be well-received but the process might take 4-10 weeks from here to complete. When it is completed we look forward to accomplishing uplisting to reporting status during 2010. The capital infusion and reporting status will be monumental achievements for POWN shareholders. Good luck to us on the quick and successful receiving of the maximum $ capital raise and Q3 or Q4 uplisting. We need both to occur for health to be restored to our investment accounts.

Shareholders can call for more juicy tweets. They're unlikely to help here. Any resulting fast rally that may occur would be sold right back down to the approx. offering level + about 10%. This stock process simply has to run its course. So what do you learn from the POWN experience with other companies in the future? When I hear a whiff of a private placement coming and there are large stock gains to be locked in...sell now and get your questions answered later. For those who locked in in the $.70's & $.80's-kudos to you. And to the true believers who decided to rough out all tough sledding that came along, we unknowingly entered ourselves in the Alaska Iditarod. We're bruised as hell losing 2/3 off the top in two months. Pullbacks are understandable. There has to be a better word for losing 2/3 of your account value in sixty days. My threshhold for financial pain was tested like never before. For all others who stretched to commit capital in support of Stan Lee and the POWN cause since February, I hope we have our day. Our financial fate rests in Team Lee & Celadon's hands.