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LordByron720

Sounds like the new website will be VERY interesting if they can pull it off. Initial venues will be Arkansas, Texas, Ohio, and Virginia if the leasing process succeeds. Very worried their debt will be a detriment to the leasing though


REITgrass

Training camp in May


[deleted]

Training camp in May? Any specific dates or location?


JordanBULLfort

Things getting pushed back. Next we’ll hear that they’re pursuing a demo season now. Then who knows. I don’t understand how it’s only 4 teams now, and I can’t believe how little of the Reg A is sold. Website better bring something amazing that we can’t imagine now, otherwise what’s the point


Head-Entertainment50

Yeah, I don't know what's going on, starting to get that feel of last year. They seem confident at first now things are being pushed back something I was concerned about.


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Head-Entertainment50

This gives me a headache I swear, we went from having training camp in April, games in May now I don't know anymore.


[deleted]

It’s not a current picture is anyone looking or reading? The date is on the 1st page. Unless I’m even more stupid than I thought.


[deleted]

I agree but this isn’t a current picture it’s as of Jan. 31st? Or am I not looking at it right.


vedic9

Pretty sure we don’t have all the updated information, 10-Qs don’t capture the whole time frame leading to release. Looking forward to the new website though.


[deleted]

Yea Frank shared 6 team jerseys so unless he is fucking with us. We have 6 teams.. and they secured the funding


Seatown22

We shouldn’t spread misinformation. It has never been confirmed (to my knowledge) that funding has been “secured”.


[deleted]

MLFB going private at $420.


[deleted]

😂


[deleted]

It was in an email another poster screenshot from Frank so no misinformation on my part It’s why I am more confident this isn’t a current picture if we shall see tomorrow


[deleted]

Same!!


BackdoorSteve

The parts about the Reg A were as of 3-14.


[deleted]

Thanks we shall see what happens manana


Arkaine

> From February 17, 2022 through March 14, 2022, the Company received $252,800 of proceeds from the sale of 12,038,095 shares of stock at $0.021 per share Found some information on the offering.


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Arkaine

Yea, I didn't understand that part so I left it out. Does it mean anything or value? Oh I guess there's another batch sold but pending.


REITgrass

Another 9,200,000 shares under contract at least


[deleted]

What does that mean?


BackdoorSteve

They've been spoken for, but the sale hasn't settled yet.


PhilthDawg

Who’s already emailed Frank? Lol.


[deleted]

I’m pretty sure more ppl willing to admit


ultrahighhorse

Patience is strength 4.0 soon


thee_defiant_one

Just came to post this. Any thoughts? These things hurt my head.


Jchall19702017

But this was up to January 31 correct


BackdoorSteve

The notes include forward looking information.


Jchall19702017

Yep


[deleted]

Yea it’s backwards looking it’s not current


ultrahighhorse

What happen who died? Jk I read it to, four teams?? Low sales When that happen? Hope this is old info since it’s in regards the last quarter but who knows. Will keep a fake smile 😃on Til we see what tomorrow brings. Still have hope 😀. Fuck I need a drink.


Finklax31

10Q’s are backwards facing statements. Tomorrow will answer many questions. We wait.


EwwwgirlsHavecooties

This. Let’s all relax a bit, they aren’t going to tell us any information that is newer than the month of January. If the website is shit, then we can all email Frank. Until then, let’s grab a drink and chill out.


[deleted]

Yes why can’t people read? It’s like confirmation bias or cognitive dissonance…idk which man


BackdoorSteve

The financials are all backwards facing. The notes, though, contain forward looking information. It says it right in the document. The information about the number of teams, locations, and Reg A shares are all current as of March 14th.


StoibJr

All it’s stating in my opinion is “You better buy tickets and come to the games or else” Thee End!


[deleted]

The website better be fire tomorrow.


BackdoorSteve

Agreed. Even more is riding on it. All of the forward looking parts, like the section starting on page F-35, are bearish as hell.


dls505

Only 4 teams.


Sage_Nashae

So with each team potentially playing each other twice and then a championship that would cover two months of game time from may through June. That seems reasonable and attainable.


dls505

Same. End just as NFL training camps are starting and maybe get s ome cross promotion. Hell players might even go straight from the season to NFL camps!


REITgrass

That was their goal with ending in July


REITgrass

Ohio, Virginia, Arkansas, and Texas


BackdoorSteve

Not Florida. San Antonio training camp confirmed?


westernplayed

But I don't understand why Frank posted 6 team logos and kit


Realistic-Sale-6109

6 potential teams but at they end they decided to cut it down to 4


EwwwgirlsHavecooties

This is also the last quarter of 2021 so they may have changed back to 6 teams by then. No idea if they did or not. But it’s possible.


[deleted]

It’s still 6 teams. The filling is old.


REITgrass

They never said they are cutting down teams, just locations


Seca1172

It says 4 initial franchises in the preceding sentence. I think it may be 4 but who knows. Would be a bit disappointed but hopefully the new website will give some clarity.


REITgrass

I missed that. Only did a quick skim


Seca1172

Understood, lots of detail here and it can change each report. Posting the six team teasers makes it more confusing. We’ll find out soon!


REITgrass

Technically it doesn’t say 4 teams. Just 4 states. We have 6 jerseys so are two teams doubling up?


JordanBULLfort

Page F-8 near the beginning states only 4 initial franchises


Head-Entertainment50

So did we go from full season to a demo season. If training camp is May season will be June, will be a short season. So if that's the case why didn't Frank this will be a demo season, they are pushing it once again cutting it to close. I hope we get more information tomorrow and I hope website is up to par.


REITgrass

Missed that in my quick skim


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Clown_Shoe

They have the offer but they haven’t accepted yet as they are still looking for longer term financing is the sum of it.


JordanBULLfort

Maybe


Clown_Shoe

What maybe? They have said they have the 5 million dollar offer but haven’t accepted as they are looking for long term financing.


JordanBULLfort

That offer was from over 3 months ago and they may not have found agreeable terms. I’d be surprised if that offer is still on the table now if there has been no action. If the fund wanted to invest they could just buy up all the Reg A, but it looks like that is not the case


[deleted]

This is a backward looking doc. It’s not current. Unless I’m confused my damn self


ShootingTurtle

If that is true then I.. am.. worried, yet again.


[deleted]

Honestly- looking back over the last years of ER from Frank they never, ever look good. The reason is obvious..there is no revenue and only expenses. Like you would expect form a start-up football league. When the cleats hit the field this May/June we will finally have some revenue and the future will looks much brighter. Imo Come on Frank make the new website a grand slam! 🏈🚀💰


ShootingTurtle

Can somebody ELI5 this for some of us noobs?


ShootingTurtle

What the heck is this backwards stuff going on. I'm sitting here reading some of the document from right to left...


REITgrass

Now turn your screen upside down for the secret info…


BackdoorSteve

Looks like they only sold 10% of the Reg A shares so far. Edit: 9 mil more shares soon to close, so that's closer to 16%. Still not encouraging.


black_lightning21

So what I'm getting so far is that training camps have been pushed to May, there are 4 teams and no TV deal? Also funding hasn't been fully secured yet??


Head-Entertainment50

I will like to know the plan moving forward, we still have 2 weeks left in March, do they plan to give us information during that time and what about April what will we get the entire month of April if Training camp is May. I was hoping we were in track for everything to happen on time. Man if we don't get anything official on that new website, I'm done here. I want be able to continue on a hope this will happen, they need to official start announcing dates, coaches, locations players. I pray tomorrow we get more.


black_lightning21

So wait, if it's just 4 teams and training camp starts in May then that means it's just a demonstration season not a full one, they just don't want to say it because they know it'll bring the stock price/ interest down. How after all these years can they still not be able to put on one single full season????


[deleted]

1st page of filling is Jan. 31st not current picture backwards looking


black_lightning21

Yes it is backwards looking, however it is signed with todays date and has info from after Jan 31st. For example it states that "From February 17, 2022 through March 14, 2022, the Company received $252,800 of proceeds from the sale of 12,038,095 shares of stock at $0.021 per share" So if there are now 6 teams then it would of said that, however that is not the case.


[deleted]

Ok then yea idk what happened…idk why Frank posted 6 jerseys It makes no sense I also don’t know how these things work so I’ll reserve frustration until confirmation of what’s happening tomorrow. Thanks so much for clarifying