PNTV IS NOT DEAD
If you use the strategy of waitng to buy GLFI on the open market
you will be waitng a long time.
The PR release states GLFI is going to be a private subsidiary company
majority own by PNTV
So PNTV has a Teaming Agreement with GLFI
So that means 50% of the Profits goto PNTV and 50% goto GLFI
Then you need to break down the 50% of GLFI profits
Which would send a Min. of 51% back to PNTV and 49% would stay with
GLFI
That 51% may be higher once we see what the majority own % by PNTV
really is.
So basically PNTV share holders at min. will get 75.5 % of the profits
on the Argentina deal
So to say PNTV is dead would be incorrect
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PNTV is dead, the only reason there was a bump up recently was folks had some belief in the Jujuy project. However with news from Mark that the Jujuy project will be assumed by the new company GLFI why would anyone buy PNTV when they could just buy shares in the ticker that’s actually doing the project. If you buy PNTV your buying massive debt and a failing Vegas operation along with a majority ownership in GLFI, if you buy GLFI instead you just own the Jujuy project from the sounds of things.
The lies keep adding up here and just as Mark changed his last name he is now changing his business name really to start fresh from what was just an awful 20 years of running PNTV into the ground and taking PNTV shareholders money.
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