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| SEC document per NTN merger/sale http://www.scaratings.com/newScaratings/viewtopic.php?f=43&t=4033 |
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| Author: | STRO [ Tue Dec 29, 2020 2:06 pm ] |
| Post subject: | SEC document per NTN merger/sale |
https://sec.report/Document/0001493152-20-024080/ Very long document, includes a history (from about pp.75-100) of the whole transaction. |
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| Author: | Merkin [ Wed Dec 30, 2020 2:35 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Thanks. Anything new on when it will close? |
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| Author: | STRO [ Thu Dec 31, 2020 1:14 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Merkin wrote: Thanks. Anything new on when it will close? Outside of getting ready to have the shareholder's meeting to approve all this, not really. The document calling the meeting leaves the date blank. I would assume sooner rather than later. |
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| Author: | ANON [ Tue Feb 02, 2021 3:14 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Buzztime stock has really jumped over the past two days--now trading at c. $6.50. Does this mean the Brooklyn deal is close to going through? |
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| Author: | BUD [ Tue Feb 02, 2021 7:35 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Still no date for the stockholder's vote to approve the merger. But at least the stock price is staying above the minimum $3 for the merger to go through. If the price is below $3 BT would have to do some reverse splits to get it up to $3. The traders are thinking the price is still low vs the post merger possibilities. |
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| Author: | ANON [ Wed Feb 03, 2021 11:18 am ] |
| Post subject: | Re: SEC document per NTN merger/sale |
BUD wrote: Still no date for the stockholder's vote to approve the merger. But at least the stock price is staying above the minimum $3 for the merger to go through. If the price is below $3 BT would have to do some reverse splits to get it up to $3. The traders are thinking the price is still low vs the post merger possibilities. Thanks, BUD--that makes sense. It's down around $5.00 now, but hasn't been below $3.00 since Jan. 22. |
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| Author: | BUD [ Thu Feb 04, 2021 7:04 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Buzztime announces date of meeting of Shareholders to vote on Proposed Merger and Asset sale. The vote is Mon. March 15th 9am Pacific time. The merger with Brooklyn Immuno and asset sale to eGames will take place later that week if approved by shareholders. As a result of the pandemic and related financial condition Buzztime does not expect to be able to maintain business as is without the mid March merger/sale. They would otherwise need a cash influx which they do not have lined up. So, if this merger and sale does not go through as planned then reorganization is very likely. Let's hope a majority of shareholders vote yes, I will be voting yes on both. I don't see any reason a shareholder would vote no, unless they are still holding a grudge against Pepe the love goat. |
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| Author: | BUD [ Sun Feb 28, 2021 1:07 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Time to Vote all you BT stockholders on here. Stockholders as of 2/8 should have received the voting package on Thur or Fri. Please vote FOR all the proposals, they are the only way BT will still be in business after March. We only need a majority of stockholders so I put that at about 1.5 million votes FOR, out of the 3 million. The Las Vegas investor Milton Todd Ault III who just bought 10% of the shares (295,000 for about $1 million) has said he will abstain from voting, effectively a no vote. We must overcome this idiots no vote. He's holding out for a better share valuation from Brooklyn. I fear that more players needed to have bought up some shares back when the price was under a dollar. Now it's at 3.62. VOTE as soon you can, before 3/14. The vote is on 3/15 at the virtual shareholder meeting which I will be on. |
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| Author: | ANON [ Sun Feb 28, 2021 3:51 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Already done, but I don't think my holdings are going to tip the balance. Thanks for the reminder, though--all players who own stocks ought to vote ASAP if they want to keep the game. |
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| Author: | ANON [ Sun Feb 28, 2021 4:52 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
I just went to the SEC.gov website and found the following: "Proposals other than an election of directors: Matters other than voting on the election of directors, like voting on shareholder proposals, are typically approved by a vote of a majority of the shares voting or present at the meeting. In this situation, you are usually given the choice to vote your shares "for" or "against" a proposal, or to "abstain" from voting on it. Again, the effect of an "abstain" vote may depend on the specific voting rule that applies. The company's proxy statement should disclose the effect of an abstain vote." Does anyone have a copy of the BT proxy statement? |
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| Author: | BUD [ Sun Feb 28, 2021 5:01 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
In this case an abstain vote is the same as a no vote as a majority is needed to approve the items. |
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| Author: | Merkin [ Mon Mar 01, 2021 3:40 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Thank you vey much Bud for 'bird-dogging' the entire situation and keeping us informed! It is much appreciated here and I pass it along to others in the Teasers/Walsh's world. Here's very much hoping it all works out and we have a game about which we can whine about technical problems and question quality going forward. Lorin |
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| Author: | BGTUNA [ Tue Mar 02, 2021 11:33 am ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Merkin wrote: Thank you vey much Bud for 'bird-dogging' the entire situation and keeping us informed! It is much appreciated here and pass it along to others in the Teasers/Walsh's world. Here's very much hoping it all works out and we have a game about which we can whine about technical problems and question quality going forward. Lorin Don't forget repeat questions. 
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| Author: | ANON [ Tue Mar 02, 2021 12:07 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
BUD wrote: In this case an abstain vote is the same as a no vote as a majority is needed to approve the items. Crud. But thanks for doing the legwork on this, BUD! |
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| Author: | Merkin [ Thu Mar 04, 2021 2:25 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Bud, What do you think will occur in what order if the vote Yes passes? Sincere question. |
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| Author: | BUD [ Thu Mar 04, 2021 4:27 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Merkin wrote: Bud, What do you think will occur in what order if the vote Yes passes? Sincere question. In the Long material linked above in the 1st post it says the merger with Brooklyn happens 1st within days of the FOR vote. Then the trivia assets are sold to eGames, within a few days I’d say maybe even same day. So, as long as the Las Vegas speculator Milton Todd Ault III and his abstain vote doesn’t screw things up we should be switched over to eGames by the 22 or so. I don’t really know if his 10% of shares (295k) abstaining is enough to be short of the 1.5 million shares FOR needed to pass. Also hoping there aren’t too many investors asleep and miss the vote, again basically a no vote to keep the FOR vote from getting to 1.5 M. Monday the 15th will be interesting. There is also a possibility that a quorum won’t be met and it gets postponed. |
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| Author: | Merkin [ Thu Mar 04, 2021 4:59 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Thanks! Is Buzztime likely to 'go dark' even for a short while if a yes vote occurs? I also assume no information of what eGames trivia will look like and how close it will be to our current games (maybe with more balanced questions and better tech support). And less Richek. As myself and comrades live in Cook Co,. IL, lest us know if you need any last minute graveyard votes  Lorin |
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| Author: | BUD [ Thu Mar 04, 2021 5:55 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Merkin wrote: Thanks! Is Buzztime likely to 'go dark' even for a short while if a yes vote occurs? I also assume no information of what eGames trivia will look like and how close it will be to our current games (maybe with more balanced questions and better tech support). And less Richek. As myself and comrades live in Cook Co,. IL, lest us know if you need any last minute graveyard votes Lorin No, there should be no downtime no matter the vote, as I see it. If FOR the merger happens then Buzztime will be owned by eGames.com. I don’t believe anything will change or look different for a long while Same old stuff. Eventually improvements will be made, hopefully to quality and keeping games in sync. Hopefully that won’t take too long. But essentially it stays the same with a new deep pocket owner. Then new games and such should come along and probably an expansion of online games and apps through eGames.com I’d assume. If a No merger vote happens then we limp along unchanged for a few months hoping for financing, big loans, which are not lined up. If a loan doesn’t happen they probably have to cease operations and investors get 0 and we’re done. So if you know any dead BT investors you might want to figure a way to vote for them. 
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| Author: | Merkin [ Fri Mar 05, 2021 1:41 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
BUD wrote: Merkin wrote: Thanks! Is Buzztime likely to 'go dark' even for a short while if a yes vote occurs? I also assume no information of what eGames trivia will look like and how close it will be to our current games (maybe with more balanced questions and better tech support). And less Richek. As myself and comrades live in Cook Co,. IL, lest us know if you need any last minute graveyard votes Lorin No, there should be no downtime no matter the vote, as I see it. If FOR the merger happens then Buzztime will be owned by eGames.com. I don’t believe anything will change or look different for a long while Same old stuff. Eventually improvements will be made, hopefully to quality and keeping games in sync. Hopefully that won’t take too long. But essentially it stays the same with a new deep pocket owner. Then new games and such should come along and probably an expansion of online games and apps through eGames.com I’d assume. If a No merger vote happens then we limp along unchanged for a few months hoping for financing, big loans, which are not lined up. If a loan doesn’t happen they probably have to cease operations and investors get 0 and we’re done. So if you know any dead BT investors you might want to figure a way to vote for them. Thanks for the info and opinions. We await the 15th. |
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| Author: | BGTUNA [ Wed Mar 10, 2021 10:26 am ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Merkin wrote: Thanks! As myself and comrades live in Cook Co,. IL, lest us know if you need any last minute graveyard votes Lorin 
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| Author: | Merkin [ Thu Mar 11, 2021 2:13 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Any new information? In the absence of that, I open the floor to innuendo and hearsay. |
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| Author: | BUD [ Thu Mar 11, 2021 7:32 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Nothing new, just waiting on the vote numbers on Monday. 1.5 million is a very steep number, if that’s the right number needed to pass. I’m thinking there is currently about 3 million shares? I hope there is enough insider ownership of shares to get a majority and overcome the no votes and absent votes, those could be a problem. I doubt the Robinhood day traders will vote. BT was busy on there for awhile. That will be a bunch of absent votes. |
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| Author: | Merkin [ Fri Mar 12, 2021 1:54 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Thanks! Not that we've done innuendo and hearsay, anybody have any genuine frontier gibberish to add? |
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| Author: | Merkin [ Fri Mar 12, 2021 2:05 pm ] |
| Post subject: | Re: SEC document per NTN merger/sale |
Thanks! Not that we've done innuendo and hearsay, anybody have any genuine frontier gibberish to add? |
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| Author: | ANON [ Sat Mar 13, 2021 10:40 am ] |
| Post subject: | Re: SEC document per NTN merger/sale |
BUD wrote: Nothing new, just waiting on the vote numbers on Monday. 1.5 million is a very steep number, if that’s the right number needed to pass. I’m thinking there is currently about 3 million shares? I hope there is enough insider ownership of shares to get a majority and overcome the no votes and absent votes, those could be a problem. I doubt the Robinhood day traders will vote. BT was busy on there for awhile. That will be a bunch of absent votes. I actually own my token shares through Robinhood, and it made it really super-easy to vote: It gave me a notification of the vote and which took me right to the voting screen, where I checked a few boxes and finished. The whole thing took about 20 seconds. That being said, I doubt a huge amount of NTN stock is traded through Robinhood. One thing I can't understand, though, is why anyone who holds any significant amount of the stock would do anything but vote "yes." If you are a big shareholder and follow your investment with even a cursory amount of diligence, you have to know that the choice really seems to be between not getting the kind of return you would prefer or losing all of your money. Am I missing something here? |
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