OSC

OSC message Boards

As the home for independent and minor league sports, OurSports Central's message boards are the perfect place to discuss your favorite teams and leagues with other fans, players and team and league administrators. Our boards cover all the leagues represented on OSC including independent and minor league baseball, indoor and Arena football, outdoor and indoor lacrosse, mens and womens basketball, junior and minor league hockey, outdoor and indoor soccer and more. Before posting for the first time, please consult our FAQ. Contact us with any questions.

OurSports Central independent and minor league sports


Reply
 
Thread Tools Display Modes
  #1   IP: 74.84.200.2
Old 12-14-2017, 10:20 AM
robster2001 robster2001 is offline
Senior Member
 
Join Date: Dec 2004
Posts: 1,044
Default Enter a new pretender - the PFL

https://www.prnewswire.com/news-rele...300570500.html

Do they realize the "Professional Football League" is virtually un-searchable on the Internet as EVERY league comes up?

Geniuses.
Reply With Quote
  #2   IP: 192.174.37.50
Old 12-14-2017, 11:36 AM
LordBy2014 LordBy2014 is offline
Senior Member
 
Join Date: Jan 2015
Location: Denver, CO
Posts: 284
Default pfl = doa?

I see this as another dead on arrival league . . . nothing to see here . . . keep it moving . . .
Reply With Quote
  #3   IP: 108.198.225.18
Old 12-14-2017, 12:20 PM
suge night suge night is offline
Senior Member
 
Join Date: Mar 2006
Location: USA
Posts: 649
Default

UNITED STATES


OMB APPROVAL




SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 8-K



OMB Number: 3235-0060

Expires: March 31, 2018

Estimated average burden

hours per response……..5.71



CURRENT REPORT



Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934



Date of Report (Date of earliest event reported) September 5, 2017



MAJOR LEAGUE FOOTBALL, INC (MLFB)

(Exact name of registrant as specified in its charter)






As a result of the shares owned by Compass Creek Capital, Inc., it now holds a significant controlling minority of the total outstanding stock. MLFB’s Form 10Q for quarter ending January 31, 2017 reflected a total of 54,734,301 outstanding shares of common stock.



Compass Creek Capital, Inc. funded the purchase with its own assets. The $3 million investment comprised less than 50% of its total assets. Its sole manager, Jerry C. Craig, is President and CEO of MLFB.



In addition to the Convertible Preferred Shares directly owned by Compass Creek Capital, MLFB has granted to Compass Creek Capital, an option to purchase 171,428,571 additional Series A Preferred shares at $.07.



Pursuant to the requirements of the Securities Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



MAJOR LEAGUE FOOTBALL, INC.



By:


/s/ Jerry C. Craig





Jerry C. Craig, President and CEO




Dated: September 6, 2017



Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.



3 of 3

Same group of people trading at .07 Penney stock

Last edited by suge night; 12-14-2017 at 12:26 PM. Reason: Edited for space
Reply With Quote
  #4   IP: 12.27.66.8
Old 12-14-2017, 03:17 PM
Renandpat Renandpat is offline
Senior Member
 
Join Date: Oct 2014
Posts: 339
Default

No, this is a separate venture.

The Craigs failed to make their $3MM payment for MLFB on October 13.

https://ih.advfn.com/p.php?pid=nmona&article=75875004

Quote:
On October 13, 2017, the acting General Counsel resigned from Major League Football (“MFLB”). On this same day, the Company notified its sole Director and Officer that he was in breach of the Securities Purchase Agreement dated June 20, 2017 due to his failure to provide to the auditors required documentation of his compliance with the Securities Purchase Agreement. Mr. Craig, the President, CEO and sole Director, had previously provided a bank document reflecting a deposit of $3 million into an MFLB account on September 5, 2017, albeit late under the terms of the Agreement. Compass Creek Capital, with Mr. Craig as its beneficial owner, was the mandated purchaser of the shares in the Purchase Agreement. On that basis, MLFB filed a Form 3 reflecting ownership of the 42 million preferred shares. Subsequently, that bank account was closed. On September 29, 2017, Mr. Craig submitted documents reflecting a $3 million transfer to a different MLFB account. Despite these documents, there was never any evidence provided that these funds were or had ever been made available for payment of outstanding and current liabilities of MFLB or that these funds would remain in a MFLB Account.

Kris Craig, Officer, submitted her resignation on Saturday, October 14, 2017.

Jerry Craig, sole Director and Officer, believes the Securities Purchase Agreement is null and void, based upon Compass Creek Capital’s inability to complete the necessary due diligence which he believes negated its obligation to pay the required funds.

By rescinding the transaction, Mr. Craig’s appointment to the Board and as CEO and President are rescinded as well.

With the securities purchase agreement breached and voided by both MFLB and Compass Creek Capital, and the resignation of Kris Craig, effective on Saturday, October 14, 2017 there are no Officers or Directors remaining with the Company. The securities agreed to be purchased by Compass Creek Capital, as set forth in the Securities Purchase Agreement, will now revert back to the Company.

Last edited by Renandpat; 12-14-2017 at 04:32 PM.
Reply With Quote
  #5   IP: 99.191.206.14
Old 12-16-2017, 04:57 PM
ranger21263 ranger21263 is offline
Senior Member
 
Join Date: Oct 2015
Location: Hilliard, OH
Posts: 140
Default

in their "press release" (anyone can make up a press release i.e the NAFL), they name every head coach the MLFB had. So, I see nothing to come of this.
Reply With Quote
  #6   IP: 68.231.10.103
Old 12-17-2017, 08:24 AM
Sam Hill's Avatar
Sam Hill Sam Hill is offline
Senior Member
 
Join Date: Nov 2003
Location: Denver, CO
Posts: 4,133
Default

Quote:
The PFL was established and quarterbacked through the passion and vision of California businessman Jerry C. Craig and his wife, Kris Craig.
Same people.

I am going to guess they either have renamed MLFB (and it hasn't hit the SEC filings yet...I don't know if you have to file anything when you change your dba or not) or have started all over with the same people and same coaches just to get out from under the negative brand equity that MLFB has engendered.

In any case, Jerry Craig and his wife could no more organize a professional football league than they could get everyone in this thread to the moon.
__________________
Old enough to remember when bashing the ABA was fun.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


                       
                                                   
                                                                                             
                           

Hapening ImgHappening Now