Options Media Group Holdings, Inc. (OPMG)

[jimstr]

I am extending an olive branch...please accept my apology...this bickering is dreadful and serves no purpose.

As I previously conveyed to the board, I came here to do some DD for a friend....I knew that the AS had to be raised according to the AOI. Addtionally, previous restricted shares would be coming to market...and advised to take profits

I brought it to the board and was absolutely attacked...a cornered animal can either cower in a corner or strike back...I chose to challenge. I used facts from filings but may have been a little vindictive in my approach..

If you folks would like to engage in a civilized, professional manner, I'm all for it.
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With that said, this thread started with my reply to someone that stated OPMG only wanted to raise 3M dollars and that dilution was over

I corrected him...company is seeking to raise a total of 8M...they are only halfway there based on the filing..
the Filing said they were going to raise 5M convertible debt through a broker-dealer for day to day ops

in addition to the 5M they needed to raise 3M for marketing thru television, internet, and other media.

If OPMG is going to do this right, they need cash to play the part

That requires selling of shares...maybe they sell more or maybe they settle for what they raised...TBD


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Investors in the company had endured a couple of years of constant dilution.....can you blame them for selling shares @ .04 when this stock was .008 a month ago?

it is what it is...dilution is part of the game

Note: I am absolutely flabbergasted that this didn't tank more than 25% from .042 when I posted the raise in AS.

Tells me that the resolve of the longs is strong
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going forward I caution you about more dilution from previous issues..previously restricted shares available to be diluted now

80 Million commons not counting Frohmans Preferred..
below are the issue dates...would account for the recent retrace.

add 6 months to allow for restrictions to be lifted and you can see they would be coming into market for the last month and thru June...thus the tug-o-war between profit takers and those wanting more.

NOTE: Any issue in 2011 would not be coming to market until July and beyond...review the 10Q if you want to keep track of future shares coming into open market at July launch

From the 10K

In addition to those unregistered securities previously disclosed in reports filed with the Securities and Exchange Commission, or the SEC, we have sold securities without registration under the Securities Act of 1933, as described below.


Name of Class Date of Sale No. of Securities Reason for Issuance
Investors (1) October 5, 2010
October 8, 2010
November 29, 2010
December 29, 2010

20,806,843 shares of common stock Reason:Anti-dilution Shares

Investors (1)
October 5, 2010
October 8, 2010
October 28, 2010
November 3, 2010
November 29, 2010

35,509,524 shares of common stock Reason: Investment

Chief Executive Officer of the Company(1)
September 30, 2010
675 shares of Series E Preferred Stock Reason:Employment Agreement

Series D Holders (2)
November 12, 2010
December 1, 2010
December 3, 2010
December 6, 2010
December 9, 2010
December 14, 2010
December 21, 2010
December 22, 2010

25,008,326 shares of common stock Reason:Conversion of Series D Preferred Stock

Respectfully,

Jimstr