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Re: bmarley5780 post# 15683

Monday, 01/09/2006 9:48:35 AM

Monday, January 09, 2006 9:48:35 AM

Post# of 315345
looks to be SOS...


"...Blackout Media Corp. is a another step in the direction of aligning ourselves closer to our core asset which is our working interest in Blackout Communications Inc. which in turn runs and owns the majority of The Fight Network..."

blackout media [the "new" FCDH] has a "working interest" in blackout comm [NOT this company] who [they] in turn run and operate TFN

definition of "working interest" [as it applies to o&G properties]:

"...The working interest owner bears the costs of exploration, development, and operation of the property, and in return is entitled to a share of the mineral production from the property, or to a share of the proceeds therefrom. It may be assigned to another party in whole or in part, or it may be divided into other special property interests..."

my read of this is that, once again, the lucky SH's will be bearing the cost of developing/operating TFN, and in return will get "some" part of the proceeds