Saturday, January 24, 2015 4:56:13 PM
They appear to be superior in quality to the outfit I know that is making B movies. And if that outfit could make money, well, I don't see why this one couldn't.
However, this has nothing to do with the management of ReelTime. It is untrustworthy. Just because someone might be able to make money, and investors make money, does not mean that the management team is trustworthy. Many crooked people make money honestly because they realize there is more to make that way, but they will not hesitate to commit fraud if the opportunity presents itself. The mere fact that Hodge gave BH those 30 million shares is enough for me. The mere fact that he has seen the books and knows what BH did, and has done nothing about it is enough for me.
In a way this remind me of when BH pulled the Baristas scheme. Ah, that was no big deal, but ICTN was truly dead and that opportunity gave him the chance to bring the company back. Of course, we know he is a scoundrel. Even those who say otherwise know better. But he still was able to pull a rabbit out of the hat. The same is true here, with one difference. Baristas is, was and will always be a bad idea without a future. It is nothing more than a dog and pony show being managed to try to convince potential investors to put money in it. On the other hand, making movies could be very profitable. For an outfit this sizes all one need is one. That outfit I know is now working on other B movies, and they have several manuscripts that they are trying to pawn with a big studio. All it needs is one small piece of the action in a major movie and they are off and running. The same could be true here if they play their cards right. If Todd Crites was the CEO of ReelTime, and Jackson Nguyen and a few other stockholders became members of a Board of Directors, that alone would make this company go through the roof.
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