Replies to post #200755 on Blackout Media Corp (BKMP)

[Iluvbbs]

Killer, I am NOT a paying member so I do not have the ability that a paying member has to review all the posts to this thread but you were here and you read the email as well. IT was when sandy did that blanket email to 10 of our thread posters here, remember?? I think it was in November or December if I remember right.
And in it he said something to the effect TFN NEVER has to share a penny of their revenue with us.
I am sorry I can not remember what was written verbatum but I do remember that it left me even more confused as to why I EVER invested in BKMP IF even our 20% of ultimate revenue was in jepordy.

Maybe someone with access to old posts will help me out here.

[bax]

Doubt there is any proof of that. If so, why would Sandy bother promoting TFN. He stands to make alot of money off this if he plays his cards right.

LOTS of BS goes around these boards on a majority of stocks. I say it is/was BS like many others I've seen. Sandy wouldn't shoot himself in the foot by saying something like that.

[bax]

Kiler - also 600 million shares were bought back. Now why would he do that if BKMP will not get rewarded? Enough said.

:-)

[Dakota Dad]

kilerb, don't know if anyone else said anything. I'm playing a bit of catchup.

This same question of "profit sharing" came up in December. I do believe Sandy said something like "TFN does not have to share anything." However, NO ordinary COMPANY directly shares profits with their shareholders except through dividends. If you own Microsoft shares, are you going to receive their profits? If you do know some company that does that, I would like to know.
I think what I posted in December is still valid so I will post it again:

Posted by: Dakota Dad
In reply to: Nubedo who wrote msg# 185011 Date:12/28/2006 3:18:12 AM
Post #of 200801

OK. Let's see. Berkshire Hathaway Class A (BRKA) closed at $110,100/share today, up $100. It pays no dividend. It does not share its profits with shareholders. Why would anyone buy it?
BECAUSE OF ITS VALUE AND WHAT IT WOULD BE WORTH IF SOLD!
Let's say I owned shares in a holding company (XYZ) that held 20% of BRKA and that 20% was equivalent to 10,000 shares. XYZ holding company happened to have 13.4 billion shares outstanding. Then, each of my XYZ shares would be worth $.0164 (10,000 shares*$110,100*.20/13,400,000,000).
Why should I buy the holding company? Well, maybe I don't have $110,000 to buy even one share of BRKA or any other reason.

It's the same with TFN. BKMP will be valued at 20% of the perceived value of TFN if it were to be sold. That percieved value will go up or down based on income (which is not directly shared with the holding company). Income of TFN will go up from here, even if they get no more carriers because a lot of Canada is just getting out of the free preview period. Add carriers in other countries and the value goes up even more. Add potential cash dividends in the future and you have a nice picture.