My Takeaways.
I am glad to see Benny give this live tonight as you can read a lot more from him. He was clearly hurt that people have accused him of wasting money. He gave multiple examples during the video about how they are watching every penny. He discussed the notes how he hates them, yet to make the company work, they are necessary. He said he gave up leadership at his other company and is REDG 100% 18 hrs a day focused.
The good news is they are going to use Factoring very soon and REDG should be self sustaining within weeks.
He discussed movies including Last Blood. There are many deals in the making.
Video Games with Bandi, there is one title to be made for this Christmas season in contract and many more are being discussed.
The GSL with TRU is really a HUGE deal and WAS the big news. The GSL will be going to TRU and will be included in a REDG/TRU shopping bag for all purchases in the video game department. HUGE!!! TRU has their own distribution, so REDG saves a ton only shipping them to one place.
There are two different GSL every week, one for TRU and one for everyone else. There will be digital versions which after 3-5 weeks will be put into sets and sold online for worldwide distribution including in other languages.
CPM is $25-35 depending upon time frame. Double spreads, covers, inside of covers are more.
He would not sell for less than $1.00 even more ans wants to be listed one day on the NASDAQ for over $5.00 PPS.
He again said he is developing a long term company, not for short term and just to make money.
His Wife is head of Japan Needs Heroes and is almost done.
They are currently printing line #3 as they have to print this far in advance to make the weekly demand schedule.
Company should see profit out of the gate or at least break even!!! HUGE!!!!!
Murphy report very soon as they asked them to delay until after TRU and COMIC-CON.
No reverse split planned and no stock buy back anytime soon. A stock buy back would only happen if it made a real impact as the last one did not.
I think he was very honest when he said he hates giving false information and predictions, so when he had to estimate a release (July for GSL) it proves him right why they should not put that type of information out there unless it is correct.
*** I was impressed, you could see some small smiles when he starting talking about future things then realized he can't talk about it. He caught himself a few times. I am more than happy with his video. I think he answered the questions and laid out what the issues have been. Not as much future news as I would have liked, yet as he said, it took longer then they wanted or estimated, yet it is all coming together and it all starts November.
He was clearly not happy about the stock price and discussed the dilution multiple times. I am a long and I am glad I picked up as much as I have over the last few months. can't wait until November and then the first few financial reports following it.
My main takeaway is this. I have rallied against REDG leadership in many of my previous posts for no communication and the toxic debt. Benny impressed me tonight, he clearly knows what he is doing, he has a goal, a vision, has put the bricks down, and now is heading down the path and taking us with him.
