Just take a look at the notes that converted in the last 2 months based of the 8ks.

Iconic- dec 20, 2013
JMJ- June 13, 2013
Typenex- June 21, 2013
WHC- Dec 05, 2013

JSJ- July 11, 2014
LG- original filing May 30, 2014

That's 6 holders who converted. So did he lie, or just not really know how much was left. Whats worse??.


What makes it even harder to track these notes is they all have a master agreement with many "tranches", each with different maturity dates depending on when they receive funds. However the filings are so butchered its hard to track.

Here look at this from the 10k 2013 as an example:
www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9799250

page 32 of the filing has all the info. Ill give you an idea >

THIS IS THE JMJ NOTE FROM THE 2013 ANNUAL REPORT Convertible promissory note, dated June 13, 2013, original face value of: $33,000, maturing June 13, 2014, 12.0% interest. Master agreement for total funding of $335,000, of which $55,000 has been received to date. Original issue discount, in the amount of $35,000 has been charged at origination per agreement. Conversion price shall be equal to 60% (40% discount) of the lowest trading price of any day during the 25 consecutive trading days prior to the date on which Holder elects to convert all or part of the note.

THIS JMJ INFO IS FROM THE ANNUAL REPORT 2014

On June 13, 2013, we issued a $335,000 promissory note to JMJ FINANCIAL ("JMJ") (the "JMJ Note"). As of February 2014, we received an additional $25,000 installment under our promissory note with JMJ dated June 13, 2013 (the "JMJ Note"), under which JMJ may lend to us an aggregate amount of $335,000 with a $35,000 original issue discount. Each installment by JMJ matures and is due and payable one year after receipt thereof. No interest applies to an installment if payment is made within 90 days from receipt thereof.

It looks as if may be copies and pastes from older reports, but to me it reads as if to the date of this report we only received 80k plus tge 35 k discount so 115 k. Digging through older reports I was able to find quite a few conversions.

28-Jul-15 $26,020.00 75050000 $0.000347
26-Jun-15 $12,500.00 25000000 $0.000500
22-Aug-14 $15,000.00 30000000 $0.000500
24-Jul-14 $25,033.33 55629622 $0.000450
10-Jul-14 $22,500.00 50000000 $0.000450
13-Jun-14 $15,000.00 30000000 $0.000500
Jan/Feb-14 11500000
March/Apr-14 $47,161.67 116747628 $0.000404

The numbers just don't add up.

Typenex, gel, lg, jmj, jsj are the ones we need answers on > as well as WHC and Iconic which should be close.

After spending the morning trying to rebuild my conversion spread sheet , Benny's statement last year about the conversions being almost done and there only being 2 or 3 note holders left, was a straight up lie.

This last round of conversions was mostly in the 3s. They will keep it at 4 until they are finished, and then onto the next round.

Owned......

He's doing it to himself . Benny can not even put out a stupid video in a timely manner . I don't think he could tie his shoes in a timely manner

He would need a couple hundred k to do that.

I'm still waiting for that product you guys promised me early 2014 .

Grow up . Look back at my posts . I used to be you, defending the company , and its management (or lack there of) . It's time to realize Benny is taking your money and laughing . Over 3 billion shares and 3 years and Benny has not put out one NEW product .

He's saying this to buy some time. He Shiism edit it to include some I for about mRky acquiring shares.

don't think management would do shady things in order to hide something from investors?

http://secsearch.sec.gov/search?utf8=%E2%9C%93&affiliate=secsearch&query=RED+GIANT+ENTERTAINMENT

open the top pdf and read, tells you everything you need to know about how benny runs business.

Go read one of the notes. Matter of fact the jmj note , 335k, with about 100k left , is one of the defaults. Go read the actual note , and tell me what provisions are in fine print .

Yes the loan sharks do not care about red giant, what so ever. They company has to keep shares in reserves for the notes , so one way or another the sharks are getting their money . They could care less wether or not Benny succeeds. If this bloats anymore , they know management will just raise the authorized... For a 3rd time

Nope they just succeeded These past 4 weeks in getting us right where they want us for the next round at even lower rate .

That's number__9s post , from last year , not mine .

But I thought in Benny's last
Video he said there were only 3 or 4 note holders left ?

Then why are Jmj, jsj, iconic, whc, lg, and typenex all converting?

Whc typenex and Jmj are the notes that are responsible for about half of
Our current outstanding shares.

They did, the Murphy report was a joke.

Remember the days when the o/s was 419 mil.... Heck they converted that much in the past 6 weeks... And don't let Benny blow steam, cause Jmj still has a loooooong way to go.

I currently own 1.36M shares for which I've put approximately $15.5K into. My average is .0114, which isn't spectacular, but I know I will eventually profit. If time works in my favor, I intend to add more and average down once I flip another position from my portfolio. I'm in no hurry to get out and intend to stay long to see where Benny takes us. BTW, I'm a complete rookie when it comes to trading, so please don't ever take any tips from me. I'm learning with each new post I read and greatly appreciate what this group has to offer.


Seems he hasent learned much since then. Just keep throwing money at Benny number 9 maybe you'll get it back.

Still won't get you your investment back .

It was end 13 early 14, when the first
Increase went from 900 million shares to 3 billion. He stated it was a necessity because of the need to reserve shares , and that they had no intentions of ever issuing 3 billion , or any where near that amount .

It was right around the same time Benny stated in the obj article that he had no intentions of hurting the investors to fund the company. He has blown a whole helluva lot hot air over the past few years . It's only the shills left defending him .

Really need to link that? Benny said they had no intention of issuing 3 billion, or any where near that many for that matter . lol

Yezzir

It is in the filings,

Yes , that's exactly what I'm saying. I don't believe any of the pie in the sky numbers Benny has tossed out.

Not much of anything that has come out of Benny's mouth has turned out as portrayed.

I just don't believe we will be able to draw a cpm that high. I'd be very surprised if we had a cpm over 20 .

I think at first the goal just to sell about adds to cover cost of printing and paying longo.

I understand the math if we were to sell every page at full price, but we know that's not going to happen. Probably will see big discounts to sign long term, a few pages will be in house advertising , a few provided to toys r us(idk if they pay or we provide for free for carying our books).

Do you really think we are
Going to come close to those numbers?

They are Factoring some of of the gsl books that are printed and distributed at sdcc .

We've had this discussion numerous times on this Board, some believe they won,t others be able to factor prior to print , others don't ...

Lol your being very optimistic with 95.... Maybe 99.5

Yeah, I've been saying that for months, since Benny made that comment. I don't think we will see much of anything from this for a long time.

Pretty spot on! Lmfao!

They are all unrestricted . That's why they hit the market .

Interesting comment from Benny on Facebook , saying they all converted when the company became current . Can they not convert if they aren't current ?

Look up articles about t trades

Don't forget typenex was holding 200 million +

Or they wanted shares for what they thought would be a run up to the con.

They were blown away with comic con like us !

Wow, surprised to see iconic on there. Benny said last year only 3 left were lg, jmj, and typenex . Guess he was mistaken .

Someone correct me if I am wrong , but shouldn't we be expecting an 8k for unregistered sales exceeding 5 %?

But a few days ago Benny said none of the lenders were taking penalties, nor did they want to trash the stock....

I'm not sure the company issued shares within minutes of a request. The whole process probably takes a few days from when the company notifies management until they issue. Then the short, cover , sell and converts more at an even lower price .