Replies to post #148861 on Blackout Media Corp (BKMP)

[webprods]

Don't ever think that either of these guys is protecting the "loyal shareholders" ;;;;It's true.I DO NOT BELIVE THAT THOSE GUYS IS PROTECTING OR SUPPORT LOYAL SHAREHOLDERS.IF THE ARE ,WE CAN COUNT OUR MONEY FROM PREFERRED TODAY>

[DD-214]

Jim Jones KOOL AID would be well received on this board, you folks are a bunch of WHACKOS..... C'mon this is a sub-penny company with 13 BILLION O/S that just may have potential and you all for the most part are acting as if this whole Rasica thing is a huge CONSPIRACY to promote a dark side agenda! I'll bet you when CMKX starts trading again (tongue n' cheek) this board will get back to normal!

[big_money_outsiders]

If that's the goal of Mike Garrow then so be it. Let him part ways with winick and buy back the 20% . Its all about whats best for the Fight Network IMHO its better without winick, and with Garrow in full control. Perhaps finally Garrow hasawken and finally realized the lack of saviness that Sandy lacks that any executive should have. If that means Garrow keeps the network 100% private then so be it. Its a money making machine and no reason to let winick have any piece of the pie.

"The sky's alight with the guitar bite"
"For those about to rock"
Mike Garrow we salute you!

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why is it always the conspiracy theory, Naked shorts , bashers,pumpers ect ect and its never the fault of billions in dilution, or lack of execution by the CEO. why?

[Pennypicks]

BKMP can own 46.7% of the company -READ

Not 20% - Read the Canadian Law
(If this law has not changed since)

"Foreign ownership can comprise
46.7% of a Canadian broadcasting licensee both directly and indirectly (20% directly, plus 33% of the Canadian holding company which owns the remaining 80% of the licensee)."



Broadcasting Investment Policy Guidelines



Broadcasting in Canada includes both broadcasting programming (e.g. 'over the air' broadcasting, pay and specialty services, video on demand) and broadcasting distribution (e.g. cable, direct-to-home satellite and wireless).

Legislation (the Broadcasting Act) requires that the Canadian broadcasting system be effectively owned and controlled by Canadians. A Directive by the Governor-in-Council limits foreign ownership to 20% of voting shares in a licensee and 33 1/3 % of voting shares in the case of holding companies. Therefore, foreign ownership can comprise 46.7% of a Canadian broadcasting licensee both directly and indirectly (20% directly, plus 33% of the Canadian holding company which owns the remaining 80% of the licensee). There are no restrictions on foreign ownership of non-voting shares in a holding company or licensee. In addition, the Chief Executive Officer (CEO) plus 80% of the Board of Directors of a company, which directly holds a broadcasting license, must be Canadian.

More info :

Broadcasting Act - http://laws.justice.gc.ca/en/B
-9.01/index.html

Direction to the CRTC (Ineligibility of non-Canadians)

http://www.crtc.gc.ca/eng/LEGA
L/NONCANAD.HTM


http://www.apec-iap.org/document/CDA_2003_Investment.htm

[AmbitiousDrive]

possible.. but not probable IMO.. we would have heard something about it if in fact there was a problem between winnick and garrow. i may be wrong, but didnt they juse do the 1st anniv show?