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GFME: From the SC 13D/A posted on June

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mgplayer247   Wednesday, 01/18/12 01:02:04 AM
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GFME: From the SC 13D/A posted on June 8th, 2010 (for those who havent seen it):

Pursuant to a Registration Rights Agreement entered into concurrently with the contribution and issuance of Membership Interests described herein, the Reporting Persons have been granted demand and piggyback registration rights, and have been granted the right to cause preferred stock of the Company with an aggregate liquidation preference of $1 million to be issued to them if a market capitalization target of $20 million for the Company is not achieved three years of the closing of the transactions described herein. The Registration Rights Agreement is Exhibit 10.3 to this Schedule 13D and is incorporated herein by reference.


This is the agreement Seymour Holtzman signed with George Foreman, gauranteeing him a $20-million market cap for GFME within 3 years of June 2010 (meaning, we should be at that market cap by June 2013). If that market cap is NOT reached, Big George will be entitled to $1-million dollars in preferred stock. At our current market cap of roughly $2.25-million dollars (.44 share price x 5,090,000 O/S), that is one HECK of a promise to make George if he thought the price would stay in this range isnt it? (Your company is only worth a little over $2-million and yet you are going to forfeit $1-million in preferred stock because you didnt perform as well as youd hoped? Seems silly huh? You would think ole Seymour would have been smarter than to make a dumb deal like this wouldnt you?). ;)

Given the current share structure, a $20-million dollar market cap puts us right at about $4.00 per share. However, since there is NO way Seymour would make such a hefty promise without giving himself a little slack, I have a feeling this is on the conservative side. I also HIGHLY doubt that Seymour would wait until its down to the wire to try and hit that market cap, which means it is highly probably that 2012 is going to be GFME's year.

This is just my opinion of course, however please feel free to read the filings and decide for yourself. I think youll like your chances here, even given the current depressed share price which (IMO) is currently not reflecting any of the massive potential here.

It has been a long time coming, but as we have said...with every passing week, with every passing month, the odds will go up substantially this year that SOMETHING is going to happen here. There is NO way I would want to be on the sidelines without shares when a reverse merger or any other company changing news gets announced here. There is a reason many of us have our shares locked up tight in the vault, just waiting for the curtains to be pulled back here and for this show to begin.

Patience is going to pay off with GFME. I strongly believe that.

Good luck to all,


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