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If thats the case then more shares are gonna have to be converted to fund operations. 2-5 years is a long way out.
A couple of tics up is not a breakout-it's sure not what we're looking for. Hopefully we will see .02 before the years end...I think thats reasonable given no revenue, and a probable delay of the Giant Size. Other news along with comic-con hopefully gives us a nice bump up.
True. I'm sure he had repeated it a time or two since then. Still going to be a long haul. Hell, been here for going on 18 months...best to stick it out. Not going to be a 'Happy Camper' while waiting either, but just maybe the reward at the end MAY make this worth the wait.
Want to thank somebody for the fiasco of a share price? Convertibles, guys....toxic convertible notes authorized by the company to the amounts of hundreds of millions of shares. We're not going anywhere for awhile. This is not bashing-this is reality.
It would be nice to know specifically what our money is being spent on-(spread sheet type stuff). I understand these notes come to an end in Oct 2015-hopefully they are pulling revenue by then and have a movie release date on the table. Is it a coincidence that Beamin1 predicted a 15 month hold for shares we own...Sept/Oct 2015=15 to 16 months from now.
This is our money hard at work.
It would be nice if Benny were 1/2 of Stan....puts us at about .012? Lol. It would be nice to have a decent return somtime this year.
Amen to that!!!
Let's hope you are right.
Be prepared for a bit of a wait. We've got to chew our way through five convertible notes that stretch from next month to Oct 2015. When the notes go and revenue comes in this turns into a goldmine.
The notes are holding us back in reality and perception.
Don't worry about the REDG .40 party (at least this July), we may get there someday but not soon so don't sweat it. Everybody hanging in for whatever reason will benefit.
As far as Beamin1 is concerned I have put those questions to him twice, there has been no response either time. He is either too busy, does not have the answers, or still miffed because we had a little dust up on posting a few weeks back.
Too bad-he could be a important part of showing what REDG is capable of if he had the connections he appears to have.
Thanks Coop-appreciated.
I have thought about this-but am unsure of the benefit of 'locking in'. I understand that if I locked in say, a million shares, I would be unable to sell them for a certain amount of time, or until the PPS hits a certain point? Could you shed some light on this? Appreciate the help.
My thanks. Good luck.
He seems to be a person in the know-if not an insider, at least someone with a relationship with persons inside REDG. I hope that he answers those questions as along with the excellent DD of those on this board he may give us an idea of where this may be heading and when.
I am unsure if he possess the info but I will wait for his answer.
Beamin1, you have said in past posts that this was a long hold. In that statement you are correct. I believe your timeline on the hold was 15 months-so, I ask you what you expect to happen with REDG within those 15 months. What goals do you expect them to meet or projects do you expect REDG to complete within that time frame? What do you project the PPS to be along the way?
How long do you expect REDG to use convertibles to fund operations?
It seems as if you have great contacts with senior members of REDG. Can you shed any light on our current situation? It seems obvious we will not hit .10 this summer-didn't expect that. Where do you think we may be Aug/Sept? Thanks.
I have heard that Mr Powell has 140 million shares. So be it. He has a lot less to lose than the investor that has scraped together money to provide the support to hold this together. A 140 million shares (if true) is still substantial even at todays PPS. Mr Powell has the cushion to weather the storms we are going through at this point.
At this point all of the money that has propped this up has been ours, and we are going on two years with no serious revenue and no profit whatsoever.
On the flip side of that is the progress that seems to be being made regarding movies. Also the DD that posters have done is very detailed and shows REDG making progress on most fronts (albeit too slow to my thinking). The company does not communicate well with investors and most news and facts are discovered by the good people on this board. I look forward to REDG living up to its promise.
Go-Go REDG !!! Right to .03 !!!
Seriously, I took a look at the list of proposed movies. Are three/four of these movies from the lot chosen for production and thus financing? Does anyone know the criteria that 'critics' would use to make their choice? Even if this was a low budget film that brought in revenue it would be a great start.
We should look at those stocks and see what it is we are dealing with which would be weed and gold. Gold can be struck, so it runs on speculation of discovery, or the discovery itself. Weed stocks run on its popularity and the changing of laws to its favor.
No question that they must be timed correctly. Still, regardless of the morality of one of those stocks there is money to be made.
We do not benefit from either senario (which we knew) so we must ask that REDG make every dime count to the successful expansion of our business towards targeted goals.
It is one thing to use convertibles, discover the damage they cause and stop using them. That's called living within your means. It's quite another to discover the damage being done and continue with their use.
This operation holds great promise but is bleeding cash. There comes a point where people will associate REDG with the toxic notes they use. REDG will, in peoples minds, become as toxic as the notes they have drawn upon.
This all gets turned on its ear with revenue. Business is in the business of making money from a product, service, or idea that they provide. With proof of profit this goes north and that benefits everyone involved.
I'm sorry to say that I'm not going to give REDG the pass that you seem willing to provide for them. REDG needs to be accountable to us, money needs to start coming through the doors.
How long do you think REDG can be run on convertible notes? Coop, do you understand that WE are the debt holders at this point? I respect the depth of your DD, very impressive...but the REDG business model has produced not one dime of profit. How long (time period) do you believe it would be reasonable for REDG to pull itself together and show revenue to cover expenses?
You can bet, given the share structure,there will be a reverse split somewhere in the future. My prediction is 10-1...I don't see this for awhile yet but I'll bet you a beer it's coming in the next 2 years.
Well, this is the deal. If REDG does not produce a steady revenue stream to at LEAST fund operations, not to mention make PROFIT, that will spell no good end for us. Can you imagine 2 more years of convertible notes at the terms they are now being accepted at?
No, I think that the folks at REDG understand that they better get some income rolling through the doors. Long holders will not forever buy up and hold shares in a debt situation for hopes of some reward, when that reward seems to never arrive. There are people here that have been into this from a few months to going on 2 years-we have funded this entire venture-it is time for a bit of light at the end of the tunnel.
Hmmmm...can't figuire out if that was a shot or a prediction. Lol!! I cannot see this going above .03 under the best of circumstances this year. Who knows?
The one thing I 100% believe is that Mr Powells prediction of a PPS of $1.00 is fantasy. Still, there is money to be made once REDG understands that the toxic debt notes are whats holding this back. A little profit would be a pretty good deal for all of us sometime this year.
Well that puts me at about 2/3s a 100thousandaire-and I wouldn't mind a bit at this point. Even though I got into this for more I'd be ok with it. I'm not sure I would wait for a more substantial climb unless it's a spike or a run of some sort. As of right now it's all wishful thinking. We still have a ways to go.
I think you have a good point. Until it's released by the company there is simply not the mass communication needed to get this to move. Most folks that have been around a while will not soak up anymore debt and were not moved to buy today on a simple 'pop' in PPS.
News from REDG is needed. Let's hope that the next 90 days is our time to end the drought.
I'm not as optimistic as you are about the Giant Size, too little/next to none, news concerning the release. FCBD much more widely advertised. A spike between .01-.03(based upon movie info) within the next 90 day time frame makes this a winner for the year.
Convertibles are the gift that keeps on giving both in reality and perception. This thing would run like a gazelle if those damn things were gone for good.
I am led to wonder...why did a board member find this news and yet it was not shared by REDG with us? Is this the big news they were referring to? I hope we've got more to come.
Well, lets hope this thing is starting to come together. It's been a long dry spell and I hope for all our sakes we start to not just hear of progress but see it. For goodness sake, can't we just get to one red cent (maybe a little more) and hold? Revenues will propel this thing-but revenues only. I hope the reality matches the excitement.
I'd have to look at the terms again. They're pretty specific and weighed heavily in favor of the issuer.
I hope todays news is not the news that is supposed to be released. While this news is a great relief-we need more to get us to the .01-03 range this year. If we could get into the range of say POWN, and sustain the PPS that provides hope for thinggs to come. C'mon REDG give the investor a light at the end of the tunnel here, a peep of things that you have hinted are 'coming soon'.
Lol!! Actually I thought we were doing ok especially in the last 6 months or so. Ragsy, I'm always going to advocate for accountability and open communication when it comes to REDG. I'm pretty sure we want the same things we just see a different manner in which to achieve the goal we seek.
This is good news indeed-hope for more to come.
I do agree with you regarding Kurt. I've emailed questions to him to which his replies are, "I'll take it to the management-I can't provide that information-I'm a outsider they don't give me that info." Probably a decent guy but in a next to useless position.
Impatient? Yes. Hater? No. Not every person who demands accountability for REDGs actions involving finances is not a 'hater'. Roughly the same as everyone who advocates REDG under any circumstances is not a 'cheerleader'.
Anyway this is good news-all we need for someone to do is invest in the film. Income like this will reduce the need for these toxic notes.
I was under the impression that Last Blood is 100% REDG property. Is this correct?
That's all fine and good....and I mean that. Let me propose that Mr Powell delegate some authority to put out releases of information to keep investors informed as to progress. We have an investor relations manager that returns about 50% of the emails he receives, so he needs to be put to work in a more proactive role.
The notes are poisen, and I mean poison to our growth. Have you seen the terms and conditions of them? This is not inuendo and speculation...this is black and white ,paper and ink, block letter contract. If we need this type of financing then we need to be told why and what for.
I have no doubt that Mr Powell is busy, as a matter of fact he may be too overwhelmed...so he needs to excercise leadership and delegate tasks to qualified and trusted people within the organization.
I will bet my bottom dollar that there will be no revenue to cover expenses coming in this year. Why negotiate more convertible notes under such toxic conditions if revenue were to come in?
To not hold someone accountable with the money they hold in trust is foolish in the extreme. As of this point we are bankrolling this venture so a bit of consideration and updates on a regular basis is not a lot to ask.
It's a shame that someone did that to you. Classic case of hating the messenger and not the info that the message provides. Too bad that someone is not classy enough to express their debates in a civil manner.
Who can argue that the handling of finances by REDG has not been terrible? Who can argue that they have not been closed mouth, secretive, and have not communicated with investors in a manner that puts us on the same team?
If the Giant Size is coming out in July why has there not been more news?
I don't have PM capability. Can you forward it to me. Curious as to the content.
There is no such thing as 'too negative' at this point. We are not at the make or break point at this juncture...we are already past it. Time is ticking and every day brings us closer to July and another 'Big Annoucement', 'Lawyers are talking', or some such other 'news'. Desperate people that want to believe in this so badly they will hang onto anything, will except any explanation no matter how outlandish to somehow justify the current situation.
What REDG counts on is silence. Nobody wants to voice their deepest fear which basically is that most are down 50%/80%, don't want to lose it all, feel that they may have been taken in by either fraud or incompetance, nobody wants to say something that 'tips the boat'.
Well, the boat is tipping right now. There are ways to right the boat but REDG is SILENT, or senior member of REDG actually states that REDG is essentially not responsible for the shares issued from the convertible notes. Who in the he11 does he think he is kidding?
Bottom line: it does not take as long as REDG claims to get advertisers and produce revenue from them....especially after making claims they have flocked to you and that you have to pick among many.
I concur. There is a very short timeline. There is no way or manner in which this works given the present business plan. REDG is running out of time and money and every day brings them closer to a deadline that it appears will not be met. The problem with building a house of cards is that when one card goes the rest fall rapidly also.
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Just to keep an update going. I have not yet received info/answer from Kurt regarding REDG defaulting on a convertible note or not paying invoices for product or services. I have read the conditions of issue for a GEL note and it seems as if REDG has met the conditions for default on that note. So, to be clear, I cannot make a determination if this has occurred only that it should have according to the terms of the issue and collection. The terms of these convertibles are much worse than I had thought. Toxic is not a word I would chose to use-it's more akin to poison. If you don't believe me, you don't have to-just read the terms of the note. Who honestly runs a business like this?
Onwatch hits on a valid point concerning announcements, deadlines, projects,etc. Whenever big projects are in the making or are being put together there is advanced word. Now, I understand that Mr Powells word of 'Big News' was only made a month or so ago...so we wait.
I believe there will be no Giant Size-it will be pushed back, then again, and again, until there will be no word and it will be,'forgotten'. If it ever did come out it will be so limited in size and scope that it would be a drag on revenue and no help to the bottom line. Likewise there is also no, 'Big News', at least not the way we expect as our idea of 'big news' differs substantially from Mr Powells idea of same.
I wish I was mistaken but I don't believe I am. If there was incoming revenue and if REDG had already secured the advertisers for the giant line...why would REDG need more convertible notes that stretch into 2015? Why borrow money on such horrendous terms if money is coming through the door? It's because guys, there is NO INCOMING REVENUE.
Is someone going to actually tell us that it takes 18 months to negotiate ad's to put into the back of comic books? Well it sure does not take that long to negotiate then sign a contract regarding putting these things in place.
We were all hanging onto the next annoucement, the next big thing, speculated about this twitter post or that.
Mr Powell it is time for you to put your cards on the table so to speak. It is time for YOU to speak to the people who have funded and are funding REDG up to this point. No more BS news, no more 'Big News Soon', no more, 'lawyers are talking'...sorry sir, it does not take that long.
I'm still looking at the info-it's detailed and has to do with the possible REDG default on a GEL note due to the unbelievable terms on which it was issued. There may also be some issue with unpaid invoices but I'm not sure about this part. Atrocias business practices led to this situation. If there is some big news having to do with revenue, partnership, merger, or anything besides fluff...we better get it soon.
Giant Size? Heard anything about it lately? Emailed Kurt and his response was evasive so I emailed him again requesting that he ask directly concerning the notes and invoices. I have not received a response yet.
Palmach- if you can, PM me your email address, I've got some questions. I don't have PM capability and the info you provided was extensive. I don't want to say anything more at this point. I'd like to have a greater understanding first.
Appreciated. Man, you edited that post fast. I'll wait for the PM.
Hey! Don't bust my ba11s ! I responded to a post with the submission that you see. Go lower? Are you nuts? I'm not buying anymore, and even if I was- I want the thing to go UP. I've wanted REDG to live up to its potential for 18 months.
The post I responded to was there and then gone-I sure didn't make it up. I emailed Kurt in a hurry also.