Status of Public Stock Offering
During the period February 12, 2008-- April 12, 2008, Basic Media, Inc. (then in formation) conducted a "testing the waters" process about a possible initial public offering of stock ("IPO"), pursuant to SEC Rule 230.254. Many of you expressed support and encouragement about our possible IPO, and we appreciate your views and comments. Other writers were critical of our ideas, suggesting that our public offering concept would be a scam, or other commentary of that sort. We have carefully considered a public stock offering framework and the responses we received, and this article will bring you up to date on our thinking.
We perceive that our new company is not yet developed enough to justify an initial public offering at this time. While we are quite encouraged by the first reactions to our social networking website at www.BreakTheMatrix.com, our company is still in its early growth stage-- particularly where our BTM Television and BTM Radio content offerings are concerned. Very simply, we're just getting started in our process of building a robust "for profit" business entity. We have put a dynamic group of people in place at the company, and we've made significant strides in building community and a technical platform that will fulfill our mission, but we perceive that it would be imprudent for us to conclude that BreakTheMatrix has reached the sort of "critical mass" needed to justify and support a public offering of stock. Indeed, we perceive that the very process of undertaking a public offering process would divert management time and attention away from the more fundamental tasks of expanding and building our core operations and social network.
So the bottom line about an early stage IPO is this-- we're going to lay more groundwork for awhile, and build a strong foundation for the company. We have always perceived that BreakTheMatrix was a long term project, and our view on that subject remains unchanged. Our mainstream media and entertainment competitors have tens (or hundreds) of billions of dollars of revenue and capital, and we certainly recognize that our company will face significant capital requirements as we move forward to achieve our goals. But it's one step at a time for us; and we perceive that the appropriate step at this time is to create critical mass. So that's what we're going to do.
- Rick Williams's blog
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Your logic for a strong foundation and a slow and steady approach is most prudent. It typifies your commitment to a successful venture, not just a quick pay off for the principles. Thanks for your honesty and for your efforts.
Thats the way to do it. Should make for a much more successful debut when the time comes.
Are you the one who sent out a letter just before Febuary 5th 2008 primaries? I believe it was around Martin Kings money bomb for Ron Paul? The person said he was a billionaire and knows the entertainment bussiness, Oh look I found it. All I did was Google it. Will some of it matches you. But I wouldn't bet my life on it. I am just wondering was this you, or someone you know?
About:
: Jan 2008
Billionaire To Back Paul - Everything Changes
Open Letter To Fellow Ron Paul Patriots:
This information was being held back for the right moment. We now believe that moment's time has come. The intention of those controlling the hearts and minds of a large portion of the American People by blatant manipulation of the international media outlets was clear months ago. Recently the obvious nature of this manipulation has become so blatant that the time to act is upon us. What was obvious to a supporter now has reached the point that even non-supporter will be able to notice the intentional manipulation and see through the smoke and mirrors.
The purpose of this information is in no way intended to change anything you are currently doing to support Ron Paul. The grassroots efforts have been tremendous and instrumental in getting Ron Paul to the level of support he currently enjoys. By all means continue to do what you have been doing. Continue donating to the campaign and by all means continue your support on the street by passing the word about Ron Paul, the next President of the United States. Don't forget the next big donation date just around the corner January 21, the birthday of Dr. Martin Luther King.
For over 3 months a very wealthy libertarian minded individual has been lurking among you on numerous Ron Paul websites. He has been carefully watching the media, the various state GOP organizations, the National GOP, the grassroots efforts and the various candidate forums. He has come to one conclusion; the people behind the scenes, the ones that really have the most to lose are doing everything possible to derail the Ron Paul movement and campaign. People that were compromised inside of various organizations some time ago have collected and provided a plethora of evidence and documentation to provide a clear connection between numerous candidates' staff and media personnel to harm Ron Paul. There are memos clearly stating "official editorial opinion" inside these organizations in collusion with interested parties that violate numerous laws and certainly ethics issues. Teams of individuals have been hired by candidates to write disinformation about Ron Paul on forums, including here, to manipulate polls and to post on the social networking sites. Furthermore even one media outlet has also dedicated individuals to deal with the grassroots postings online. The rabbit hole runs deep and when you see some of the people involved you will be amazed. As a matter of fact one person is in a position of trust that will be so embarrassed they will most likely resign from their job.
All things considered some actions have been taken. The individual involved in promoting what I am about to describe is no friend of the government and has no political ties. In fact he despises the IRS to whom he has paid tens of millions of dollars for many years. He has been involved in broadcasting in the past and knows the business quite well. He therefore decided months ago to prepare for the possible contingency that he would need to step forward and provide direct public support of the one person he feels can make a much needed difference in our country and the world, Ron Paul. That time has come.
A little over a two months ago we began production of a mini-series called "Ron Paul - The Peoples President". Part One covers everything about Ron Paul from his introduction to politics to his voting record over the years. It documents his struggle against the entrenched elite and how these individuals have duped the American people for many decades. It shows the clear bias against Ron Paul and how he has many times stood alone in the interest of the American public only to be ignored in Congress. Part Two discusses 8 major issues of utmost importance to the American People to include Healthcare, taxes, constitutional values, monetary policy, the Federal Reserve System, a sound foreign policy, loss of liberties, the war on terrorism, real social security reform; it is all covered. Part Three which is now in it final days of post production explains how the various policies by which Dr. Paul stands could be implemented and how they would benefit the American People. Each part is one hour in length and is designed to run commercial free. In addition 3 different commercial trailers have been produced to advertise in advance the "mini series" to bring the maximum number of viewers to the program. The 3 one minute production trailers are "The war in Iraq, Oil and Corporate Profiteering", "The Personal Income Tax & Social Security - Real Answers" and last "The American Healthcare Crisis, a Real Solution."
This production has been quietly ongoing, in a privately owned production studio for months. The production quality is everything you would expect from a Hollywood production house. To give you an example the host speaks on a set every bit as nice as the production set used by Wolf BlitzerÕs Situation room, well actually nicer. I am also pleased to announce that the host is a well known actor.
The exclusion by Fox News in the forum days before the New Hampshire primary was bad enough but the complete "blackout" to follow was the final straw. In the words of the individual behind this "It is time to roll. These people have awakened a sleeping giant and they will not know what hit them." Of course, he was referring to himself and the resources available to him to deliver the message on primetime television.
Why is this information being posted here and now? Because we know, from our inside contacts, this forum is very well watched. Actually this forum is called the "paulhive" internally to one of the media organizations. After reading this they will realize what I am typing is true and that they do in fact have a leak. Yes, gentlemen, you are soon to be exposed. So the first thing he feels this does is serve a warning to the media; you are on notice that your days of disinformation are numbered. Your corruption and illegal activities soon will be exposed. In addition there has been collaboration among the news organizations to universally drop coverage. Yes, there has been a formal agreement and policy has been passed down. This is also going to be exposed and individuals are going to be called out, by name. Secondly, he has noticed a little too much negativity building among the most important people, the grassroots. I have been asked to say this to you. "Rome was not built in a day. Now is not the time to give up hope. Now is the time to double your efforts. This is far from over. You never know who lurks among you that are with you and your efforts."
So where do we go from here? That decision is going to be made in the next few days. It has not yet been determined when mini-series time will be purchased. It should be before the Super Tuesday states. A lot depends on the media, the GOP and a few other important television specific factors. This broadcast time is going to be very expensive and needs to be planned carefully.
The bottom line is that this will run and we will do everything possible to get the GOP nomination. If it is clear that the media and GOP will do everything possible to derail a GOP nomination then perhaps the only solution left will be to elect Ron Paul as an independent non-party President. Yes, we know Ron Paul has said that he will not run third party or independently but with the backing of a Billionaire running a 3 hour national broadcast mini-series, once if not twice perhaps even three times, to support the grassroots would be more than enough to make history by electing an Independent President. All it takes is for people to hear his message in clear understandable terms and not soundbites and the rest takes place naturally. We hope all this considered would motivate Dr. Paul to continue to carry the torch of liberty to November for all of us regardless of the GOP nomination. They can have him as a Republican President or an Independent; the choice is now theirs. One thing is absolutely certain, he will have a voice until November when he returns the White House to the people.
Keep your heads up and keep doing what you can. Donate money, donate your time and keep spreading the word about our next President, Dr. Ron Paul. Support is critical at this time. Just remember, you never know who lurks around you.
In closing, this account was created on a public computer for the express purpose of releasing this notice. No private messages will be read or responded to so please do not write any private responses asking for details. When the time is right this individual will step forward and make his identity known. For reasons including government harassment and media interference this individual must remain anonymous as he is well enough known for this to quickly make news. Distractions right now would not be productive.
In addition, please do not contact the Ron Paul Campaign about this as we have not contacted them and they are learning about this at the same time as you. They do not have any information nor will they until we are ready. We will have a press office open at the time we make an official release in the coming future to answer any questions.
Keep up the great work patriots our country is once again soon to be ours!
> Oh look I found it. All I did was Google it.
post a link next time.
i'm not sure what you're trying to say in this comment. first in one post you're being impatient about IPO, now i think you're claiming that a letter was written by someone here. what's the point of this? sounds like you're bent on trying to 'expose' something or someone.
No, it just didn't happen today I thought about it the very first time I received an email about BTM. 2 or 3 months ago. And Yea I just googled it .But I really didn't expect to find it .
what are you talking about? didn't expect to find what?
.
http://ets.osu.edu/january16th.htm
that link is dead. the domain doesn't resolve to anything. why are you stalling? just tell me what your post is about. and that last comment that confused me.
Link is not dead. Domain does resolve.