Puma31
11 months ago
Email update just came out
Major League football
Message from MLFB CEO Frank Murtha
MLFB Community,
For the last year since we closed training camp in Mobile, we have worked with one goal โ to play a season in 2023. Since then, both of our $2.5 million stock equity purchase agreements were approved by the SEC, and we have had multiple broadcast conversations Despite interest from two major players in the broadcast space, as well as other positive announcements, our stock has continued to underperform, barely moving off its lows since camp closed. This greatly influences the dollar value of the transactions we execute through our Stock Equity Purchase Agreements.
In addition, several HNW individuals, as well as funds, are interested in participating with investments to satisfy the $12-15M cost of a 4-team season. The share price makes it difficult to raise that amount with our current common share structure. We have sold some shares under the Stock Equity agreements for key expenses such as warehouse rent for our equipment, accounting and legal fees, and necessary travel. While all these investors remain interested, we have to conform our share and equity structure while protecting existing shareholders as much as possible, to deploy that size investment.
Current events and plans going forward: Our previously announced discussions about a joint venture with a California group to form substantially โfan ownedโ franchises remain active. This group consists of multiple partners from one of the largest law firms in the world, as well as individuals who have owned or been in the business of professional football. Current plans are that MLFB and Fan Ownership would form a fully funded joint venture in 2024.
While we originally planned to have 4 teams participating in a regular season, we cannot execute that plan in 2023 due to capital constraints. We are working on alternate plans and football activities for the late Fall of 2023. Stay tuned for more details.
Our coaches from last year remain in place, the management team continues to work salary free, and our media platforms are activated and will begin carrying more content soon. These next few weeks will be hectic, we appreciate all the support our shareholders continue to provide. Updates going forward will be more regular.
Frank Murtha
potofgold
12 months ago
Message from Frank.
(copied and pasted from e-mail notice)
Message From Frank Murtha, CEO
Dear MLFB Community,
We greatly appreciate your patience during what has been a transformative period of time for the company. I wanted to check in today to let everyone know we will be putting out a press release next week with general updates and, after clearing legal requirements, introducing our newest member of the board of directors. We are excited in that this person has owned professional sports franchises in the past, and will be a catalyst in advancing MLFB to the next level.
Sincerely,
Frank Murtha, CEO
potofgold
1 year ago
Just go an e-mail update
Copied and pasted
Social Media Channels Plus 2023 Season Updates
?Please visit our website and click through to our social media channels, they include Facebook, Instagram, Twitter, and Tik Tok.
One of the key components for MLFB has been and remains quality play by skilled players, and for our fans to be able to view our games on TV and enjoy behind the scenes action. Hindering us was the bankruptcy of a subsidiary of industry giant Sinclair Broadcasting. Sinclair had acquired FOX Sports Channels and aired games nationally under the Bally Brand Logo. While they were interested in us, the bankruptcy court imposed duties hurting our position with respect to broadcasting on their platform. We are making alternate arrangements which include both streaming and televising our games this season.
It is now our plan to begin camp in August with our season possibly including some games in early September, allowing us to include players who have been cut from NFL rosters during the final round of cuts. These players, in addition to our existing database of players, will provide a quality mix of talent. We will play an abbreviated schedule in 2023 while our players are awaiting a possible 'call up' as the NFL exhibition season plays out, and return to a full spring schedule in 2024.
More details on training camp location and schedules will be released shortly. Thank you for your patience and for allowing us to maintain our goal of creating a first class league while providing tremendous opportunity for our players.?
IR Contacts
Frank Murtha, CEO
f.murtha@mlfb.com
Martin Ryan, Emerging Growth Services
martin@emerginggrowthservices.com
(952) 653 1888
Puma31
1 year ago
New email update
A Message From MLFB CEO Frank Murtha
Shareholders and Interested Parties.
While several positive key events are nearing contractual conclusions, we want to provide the following updates:
After discussions with several potential broadcast partners, we are moving the beginning of training camp for 2023 to accommodate our partner schedules. We are in negotiations with several sites that want to host camp and will announce the location when finalized.
It was felt that playing later would reduce and eventually eliminate: the potential clutter of our games with the USFL. In addition, it gives us ample time to get all of our equipment in order.
While we have more than enough players on our radar to sign, we will now have the additional pool of this year's college seniors who were not signed by the NFL. a quality group.
We are studying both a shorter but meaningful season, as well as a โregularโ season type schedule.
Our investors are in agreement with either and we are working with stadium and venue management to secure our dates.
Further updates will be made as developments warrant and contracts are signed.
We have made only limited use of our stock equity lines due to the current share price but intend to keep them active.
Frank Murtha
NorthShoreTrading
1 year ago
Floodgates of dilution happened with this week's S-1 Approval:
Major League Football, Inc.
471,976,985 Shares of Common Stock
This Prospectus relates to the offer and sale of up to 471,976,985 shares of common stock (the โSharesโ) of Major League Football, Inc., a Delaware corporation, by the selling stockholders listed on page 13 of this Prospectus (the โSelling Stockholdersโ). See โSelling Stockholders.โ